The Petroleum Directorate of Sierra Leone (PDSL) has signed a reconnaissance permit agreement with Shell Exploration Company to undertake geological and geophysical studies across 19 offshore blocks, the PDSL announced on Wednesday.
Over the last few weeks there have been several news reports on the decline in the production of oil in Ghana for some time now. In this interview, David Ampofo provides some insight into the reasons why and what the country can do to reverse the decline.
Primary oil processing at Rosneft’s Novokuibyshevsk refinery has been halted. The outage, which began on April 18 after a Ukrainian drone strike, encompasses the first stage of crude processing at one of Russia’s refineries in the Samara region, two sources told Reuters on Tuesday.
Eni has made a significant gas discovery offshore Indonesia, reinforcing the Kutei basin’s status as one of Southeast Asia’s most prolific deepwater plays.
Saipem has secured an early-phase subsea contract from ExxonMobil Guyana, advancing another major deepwater development in the prolific Stabroek Block.
Alberta Premier Danielle Smith and South Korea’s Customs Commissioner Myeong-ku Lee have signed an agreement to waive a 3% tariff on crude exports from Alberta to South Korea, the Government of Alberta announced on Tuesday.
President Donald Trump announced he was extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fell apart.
Innovex International has completed its acquisition of Drilling Innovative Solutions (DIS), adding a suite of downhole tools aimed at improving drilling and cementing efficiency.
Halliburton signaled early signs of a North America recovery while maintaining international growth momentum, even as geopolitical disruptions weighed on Middle East activity in first-quarter 2026.
ASCO has secured a series of new contracts in Australia, expanding its role across offshore decommissioning, gas development and logistics support services.