Oil prices climbed above $85/bbl as the U.S. launched another round of strikes on Iran, deepening security concerns in the Strait of Hormuz and keeping traders focused on potential disruptions to global crude exports. SourceContinue Reading
Tradewater has acquired Carbon Shield to expand orphaned oil and gas well plugging projects in Colorado and Wyoming, strengthening its methane mitigation portfolio and growing its presence in the U.S. well remediation market. SourceContinue Reading
Gulf oil exports are slowing again as renewed attacks on commercial tankers in the Strait of Hormuz disrupt shipping, according to satellite imagery reviewed by Bloomberg, raising fresh concerns over crude supplies moving through one of the world’s most important energy transit routes. SourceContinue Reading
A new UK training program will allow experienced oil and gas technicians to transition between offshore hydrocarbons and offshore wind, supporting workforce mobility while preserving critical skills across the offshore energy sector. SourceContinue Reading
Halliburton has won a long-term contract to support Aramco’s Jafurah unconventional gas development, where it will deploy Saudi Arabia’s first fully integrated intelligent hydraulic fracturing platform beginning in the third quarter of 2026. SourceContinue Reading
Aker BP narrowed its 2026 production guidance after a strong second quarter, while advancing key offshore developments including Yggdrasil, Valhall PWP-Fenris and Johan Sverdrup Phase 3 toward planned 2027 start-ups. SourceContinue Reading
Oil prices climbed after the Trump administration scrapped a proposed Strait of Hormuz transit fee but intensified pressure on Iran by resuming its shipping blockade and launching new military strikes, keeping geopolitical risk firmly in focus for energy markets. SourceContinue Reading
ARC Resources shareholders have approved the company’s acquisition by Shell with more than 99% support, advancing the transaction toward an expected second-half 2026 closing as remaining regulatory approvals move forward. SourceContinue Reading
ExxonMobil is advancing a dual-track offshore strategy in Angola, combining redevelopment of mature fields with frontier exploration in the Benguela and Namibe basins as it works to support the country’s long-term production growth. SourceContinue Reading
Buccaneer Energy reported continued production growth at its Pine Mills field in East Texas, with output reaching approximately 135 bopd and a target of 250 bopd through waterflood development, enhanced oil recovery and recent acquisitions. SourceContinue Reading
