India is set to import the most oil from Venezuela in almost six years, helping the world’s third-largest crude importer replace Middle East grades disrupted by the Iran war.
Lion Energy has contracted the SCD-20 rig from Silver City Drilling to drill the Bula Karang-1 exploration well in Indonesia’s East Seram production sharing contract, marking a key step toward spudding the prospect.
U.S. shale drillers are expected to follow President Donald Trump’s call for higher oil production — but not just because he said so.
The Texas Railroad Commission marked its 135th anniversary this week, highlighting its longstanding role regulating oil and gas development across the state.
Arcius has taken a final investment decision (FID) to develop the Harmattan gas field in Egypt’s El Burg offshore concession, committing up to $500 million to the project.
Valaris has secured a multi-year contract extension with Petrobras for its DS-4 drillship offshore Brazil, adding approximately $447 million to its backlog and reinforcing long-term demand in the deepwater market.
Halliburton has entered into a strategic collaboration with PETRONAS Suriname and Valaris to support offshore development activities in Suriname, focusing on earlier alignment across planning and execution.
Masirah Oil plans to begin drilling a three-well development program at the offshore Yumna field in Oman in May 2026, advancing activity in Block 50.
Somalia is on the verge of embarking on its first-ever offshore oil drilling operation, marked by the arrival of the Turkish drillship Çagir Bey in Somali waters on Friday. The Turkish Petroleum Corporation’s deep-water drilling vessel will conduct its first international mission off the Somali coast, and is expected to begin drilling at the Curad-1 well in the current month. Seismic data suggests Somalia’s offshore basins could hold between 30 billion and 40 billion barrels of oil and gas equivalent.
Sadara Chemical Company has temporarily shut down production at its Jubail site due to supply-chain disruptions, subsidiary Sadara Basic Services said in a Tuesday stock market disclosure. Citing “several factors, including ongoing disruption to Sadara’s supply chains,” for the shutdown, Sadara Basic Services said it was unable to provide an estimate for the resumption of […]