Seadrill is adding new backlog with contract awards in the U.S. Gulf of America/Mexico and Angola, securing follow-on work for three rigs and extending operations into 2027 while avoiding idle time between campaigns. SourceContinue Reading

Buccaneer Energy is moving ahead with a new waterflood program at its Fouke area assets in Texas, aiming to double or triple recoverable volumes. The plan includes converting two wells for injection, reinstating production at Turner #1, and advancing development work over the next six months. SourceContinue Reading

Kongsberg Maritime has expanded its UUC PM azimuth thruster range with two new high-thrust models, boosting propulsion efficiency and flexibility for offshore and marine operations. The latest additions support larger vessels, reduce maintenance downtime, and strengthen lifecycle performance in demanding offshore energy environments. SourceContinue Reading

Oil Prices Slip as Ukraine Peace Talks Progress and China’s Economy Stalls | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 15, 2025, 8:39 PM CST Oil prices were under pressure in early Asian trading on Tuesday as growing optimism around Russia-Ukraine peace talks and...Continue Reading

Iran Hikes Gasoline Prices For The First Time Since 2019 | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Dec 15, 2025, 7:00 PM CST The Islamic Republic of Iran has announced a fuel price hike for the first...Continue Reading

U.S. Shale Turns From Drilling Faster to Recovering More Oil | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Dec 15, 2025, 6:00 PM CST Shale’s next frontier is boosting recovery rates, as...Continue Reading