North America added three rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on May 15.
Eco Atlantic said it has secured final court approval for its proposed acquisition of JHI Associates Inc., advancing the company’s planned expansion into offshore Falkland Islands acreage and additional Guyana exposure.
Glenfarne Group and ConocoPhillips Alaska have signed a gas sales precedent agreement supporting Phase One development of the Alaska LNG project, adding another long-term North Slope supply commitment to the proposed pipeline system.
Some 23 tankers have been spotted around Iran’s principal oil-export hub, the largest cluster to have gathered at the island since the U.S. Navy began a blockade on the country’s ports a month ago, interdicting and seizing ships.
Perenco has restarted production from the Davy gas field in the Southern North Sea more than five years after the asset was shut in and previously considered for decommissioning.
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.