Equinor has started production from the Eirin field in the North Sea, bringing new gas volumes online for export to Europe through existing infrastructure at Gina Krog and Sleipner A.
Oil fell below $100 a barrel and natural gas slumped after reports that the U.S. and Iran may be nearing a deal that could reopen the Strait of Hormuz and ease one of the biggest supply disruptions in recent memory.
Saudi Arabia has reduced the official selling price of its flagship crude loading for Asia in June from the May record high, but the price cut was less than expected.
Sonatrach and PTT Exploration and Production (PTTEP) have signed an EPC contract with engineering companies Petrojet and Arkad for the second stage of development of the Hassi Bir Rekaiz oilfield in northeastern Algeria, Sonatrach announced on Tuesday.
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.