The Moscow Oil Refinery is highly unlikely to resume production before 2027 after suffering extensive structural damage from multiple strikes by Ukraine’s long-range drones, dealing a further blow to a country grappling with severe fuel shortages, Reuters reports.
Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries Forum has said.
Baker Hughes has been awarded a long-term service agreement by ANOH Gas Processing Company for lifecycle and digital services at the ANOH Gas Processing Plant in Nigeria, Baker Hughes said on Tuesday.
Accra, Ghana – 23 June 2026 – The Ghana Upstream Petroleum Chamber has announced changes to its Council leadership following its Council meeting held yesterday. The Council appointed Mr Joe Dadzie (Head of Vitol Upstream Ghana) as the new Chairman of the Council and Ms. Naa Opoku Agyeman (Managing Director, Yinson) as the new Vice […]
Iraq is preparing to boost oil exports from its southern ports with a formal deal to open the Strait of Hormuz scheduled to be signed on Friday.
Trendsetter Vulcan Offshore (TVO) has deployed its Hercules tethered blowout preventer (TBOP) system to support the workover of a shut-in well in the Gulf of America, enabling a deepwater dynamically positioned (DP) rig to safely conduct operations in shallow water.
Transocean has secured approximately $185 million in new contract backlog through awards for two harsh-environment semisubmersible rigs operating in Norway and Australia.
Vår Energi has taken final investment decision (FID) on the Balder Next New Wells project in the North Sea, advancing the next phase of development in the Balder area and adding 86 MMboe of reserves tied to the Jotun FPSO.
Saudi Arabia’s energy major Aramco is considering selling a stake in its sulfur business, eyeing proceeds of up to $7 billion, Reuters has reported, citing unnamed sources.
Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy, advancing the company’s strategy to streamline its portfolio and strengthen its balance sheet.