Expro is acquiring Enhanced Drilling for $215 million, adding managed pressure drilling capabilities as it positions for growing demand tied to energy security and global supply pressures. SourceContinue Reading

BP Considers Retreat From North Sea Amid Mounting Tax Pressures | 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 – May 05, 2026, 11:00 AM CDT BP is...Continue Reading

Harbour Energy has cleared a key hurdle in its acquisition of Waldorf’s North Sea assets, with a UK court backing the restructuring needed to move the deal forward. SourceContinue Reading

Weatherford has secured managed pressure drilling contracts and a global aftermarket agreement with Noble, including MPD system deployments for offshore operations in Guyana and Nigeria. SourceContinue Reading

US Moves to Break Iran’s Chokehold on Hormuz | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – May 05, 2026, 10:45 AM CDT Oil Shockwave: Middle East...Continue Reading

Shell and INEOS Strike Gulf of Mexico Exploration Deal | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – May 05, 2026, 10:30 AM CDT Shell and INEOS Energy have agreed to jointly invest in exploration and development opportunities in the U.S....Continue Reading

Baker Hughes and Strohm are developing a hybrid flexible pipe for ultra-deepwater flowline and riser applications, targeting reduced weight and improved installation efficiency. SourceContinue Reading

Iraq Offers Huge Discounts for Crude Shipments via Hormuz | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 05, 2026, 9:30 AM CDT OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude...Continue Reading

Ukraine Hits 400,000 bpd Kirishi Refinery in Drone Attack Near St. Petersburg | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 05, 2026, 8:30 AM CDT One of Russia’s largest oil refineries, the 400,000 barrels-per-day Kirishi refinery southeast of St. Petersburg, was on fire early...Continue Reading

Missile Strikes and Naval Escalation Threaten Fragile Gulf Cease-Fire | 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 – May 05, 2026, 8:00 AM CDT U.S. forces intercepted...Continue Reading