bp has agreed to sell the majority of its bp Ventures portfolio to Verdane, divesting minority interests in more than 10 energy technology companies. The move supports bp’s ongoing portfolio simplification strategy while retaining selected investments with strategic value for its business. SourceContinue Reading

Delfin Midstream has advanced its FLNG2 project offshore Louisiana by issuing a limited notice to proceed to Siemens Energy and signing an agreement allowing MidOcean Energy to acquire up to a 50% interest, subject to a final investment decision expected later this year. SourceContinue Reading

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