FutureOn has launched FieldTwin Operate, a digital twin platform designed to integrate engineering, inspection and operational data for offshore subsea assets into a single geospatial workspace.
ADNOC has signed strategic collaboration agreements with Indian energy companies covering crude oil storage, LNG and LPG cooperation as the UAE and India deepen long-term energy ties amid rising regional supply and shipping concerns.
The Venezuelan government is circulating a draft of regulations as part of its newly enacted oil law, highly anticipated by companies planning to invest in the country’s increased oil production.
The U.S. and China called for the Strait of Hormuz to reopen following talks between President Donald Trump and Chinese President Xi Jinping, though negotiations over the Iran conflict remain deadlocked as global oil prices continue climbing.
Mexican President Claudia Sheinbaum has tapped Juan Carlos Carpio to lead Pemex as the state oil company grapples with mounting debt, declining production and broader fiscal pressure.
Velesto Energy has secured its first asset-light drilling contract through a third-party charter arrangement, winning a jackup rig contract from Hibiscus Oil & Gas Malaysia for an offshore drilling campaign in Malaysia.
The U.S. and Iran remained far apart Sunday on negotiations aimed at ending the conflict and reopening the Strait of Hormuz, while a drone strike near a United Arab Emirates nuclear facility underscored ongoing security risks across the Gulf region.
Shell PLC remitted a total of $23.84 billion to governments in 24 countries where the British energy giant has upstream activities last year, with Brazil displacing Nigeria as top recipient at $4.25 billion.
PetroTal Corp. said it is preparing to resume development drilling at its Bretana field in Peru later this year as the company works to stabilize production and return to growth.
BW Offshore has amended its contract with the Catcher field partners to extend operations for the FPSO BW Catcher through Dec. 31, 2030, with a six-month flexibility window.