Angola’s National Agency for Oil, Gas and Biofuels (ANPG) and Woodside Energy have signed an MoU to co-operate in the assessment of offshore hydrocarbons prospects in Angola, the ANPG announced on Wednesday.
Parex Resources has agreed to acquire a 50% participating stake in Ecopetrol’s oil assets in Colombia’s Magdalena Basin under a five-year USD 250-million investment programme, Parex announced on Monday.
Portugal plans to push ahead with a proposal to impose a windfall tax on energy companies to help cushion the fallout from spiraling costs for consumers and companies caused by the Iran war.
SES S.A. will provide satellite connectivity for seven new floating production, storage and offloading (FPSO) units operated by Petrobras, supporting offshore developments in Brazil scheduled to come online between 2026 and 2030.
Expro Group Holdings N.V. has agreed to acquire Norway-based Enhanced Drilling for approximately $215 million, expanding its capabilities in managed pressure drilling (MPD) and well construction services.
Weatherford International plc has secured multiple managed pressure drilling (MPD) contracts and a global aftermarket services agreement with Noble Corporation, expanding its role in deepwater and international offshore operations.
The energy ministers of European Union members are set to discuss local gas drilling in response to the energy supply squeeze in the Middle East, Reuters has reported, citing an internal document it had seen.
Norway has launched its APA 2026 licensing round, adding 70 new exploration blocks across the North Sea, Norwegian Sea and Barents Sea as it continues to expand access to acreage on the Norwegian Continental Shelf (NCS).
OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait of Hormuz.
The United States Department of Defense said its ceasefire with Iran remains in place despite renewed clashes in and around the Strait of Hormuz, where vessel attacks and missile strikes have heightened risks to global oil shipping.