Oil prices have climbed following the latest flare-up in hostilities between the United States and Iran.
MODEC will supply its SOFEC internal turret mooring system for the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique, supporting Eni and its partners as the 3.6-million-metric-tonne-per-year (MMtpy) development moves toward first LNG production in 2028.
Vitol and IRH Global Trading Ltd., a subsidiary of International Resources Holding (IRH), have executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA), formalizing a long-term supply arrangement first announced in November 2025.
Saudi Arabia’s biggest oil export terminal is finally stirring back to life, and that’s a much bigger deal than another headline about the Strait of Hormuz reopening.
Kazakhstan’s giant Karachaganak oil and gas field cut crude production by more than a quarter after a drone attack forced the shutdown of a processing plant in Russia that handles its gas.
Vår Energi has taken final investment decision (FID) on the Gjøa Subsea Projects and, together with its partners, submitted the Plan for Development and Operations (PDO) for the Ofelia and Gjøa Nord developments to Norway’s Ministry of Energy.
Iraq stepped up its push for bigger OPEC production quotas as it seeks to recoup oil sales that were lost because of the Iran war, even raising the prospect that it could consider an exit in the future.
Equinor and its partners have submitted a proposed environmental impact assessment (EIA) program for the Wisting development in the Barents Sea, marking another step toward a potential final investment decision on Norway’s largest undeveloped oil discovery.
ONGC has expanded its technical services partnership with bp by awarding the company a new contract to support production optimization across India’s Western Offshore basin, the country’s largest producing offshore region.
Baker Hughes has been awarded a contract by Azule Energy to provide subsea production systems for the Greater PAJ development offshore Angola, expanding the company’s role in one of the country’s largest new deepwater projects.