Transocean has secured a $158 million contract for its Deepwater Asgard drillship in the Eastern Mediterranean, supporting a five-well campaign set to begin in late 2026. The award adds to a wave of recent backlog growth as offshore drilling activity strengthens globally. SourceContinue Reading

U.K. Industry Chief Urges Approval of North Sea Oil Projects | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Apr 16, 2026, 11:00 AM CDT The CBI...Continue Reading

Assala has achieved first oil at the Grand N’Gongui field in Gabon, launching a phased development targeting over 10,000 bopd and unlocking significant onshore reserves. SourceContinue Reading

Iran Suspends Petrochemical Exports to Avoid Domestic Shortages | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 16, 2026, 10:30 AM CDT Iran has suspended all its petrochemical exports to ensure domestic supply amid reduced local availability following Israeli strikes early this month. The Islamic...Continue Reading

Mexico’s Forced Pivot Away from US Gas Dependence | OilPrice.com Natalia Katona Natalia Katona is a freelance commodity analyst, based in the United Arab Emirates. More Info Premium Content By Natalia Katona – Apr 16, 2026, 10:00 AM CDT Mexico’s near?total reliance on U.S. natural gas (covering 70–75% of its consumption) has shifted from an...Continue Reading

Fire at Domestic Refinery Worsens Australia’s Fuel Supply Crisis | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 16, 2026, 9:30 AM CDT Australia’s fuel crisis in the wake of the Iran war just took a turn for the worse after a fire broke out...Continue Reading

Why Iran Is Determined to Protect Hezbollah in Any Peace Deal | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Apr 16, 2026, 9:00 AM CDT Hezbollah...Continue Reading

Petrobras shareholders vote on a new board this week as surging oil prices intensify pressure on Brazil’s fuel pricing policy. The outcome could shape how the state-controlled company balances political priorities with market realities. SourceContinue Reading

ABL Group and PetroSafe have signed an MoU to enhance offshore and onshore asset integrity, safety and marine assurance services across Egypt’s growing energy sector. SourceContinue Reading

AMEXHI has backed Mexico’s energy strategy while urging improved competitiveness, regulatory certainty and security to attract oil and gas investment and strengthen energy security. SourceContinue Reading