President Trump threatened additional strikes against Iran and raised the prospect of targeting Kharg Island, the country’s primary oil export hub, escalating concerns over global crude supplies and the future of energy flows through the Persian Gulf. SourceContinue Reading
Even as flows through the Strait of Hormuz gradually improve, Enverus warns the damage to global oil inventories may already be done. New modeling suggests OECD stocks could fall to a 20-year low, keeping Brent above $100/bbl well into 2027. SourceContinue Reading
Ocean Installer has secured a multi-year contract from Equinor for well tie-in and subsea installation work on the Bacalhau field offshore Brazil, marking the company’s entry into one of the world’s largest subsea markets. SourceContinue Reading
STRYDE has launched its Halo family of seismic nodes, introducing new options for wireless quality control, enhanced timing synchronization and high-density land seismic acquisition across challenging survey environments. SourceContinue Reading
KONGSBERG and the Ocean Exploration Trust have launched a deepwater mapping expedition in the Central Pacific using the new EM 304 MKII multibeam echo sounder, aimed at improving seabed survey efficiency and advancing offshore mapping technology. SourceContinue Reading
ABB has been awarded a contract to modernize automation and safety control systems on the Buzzard offshore platform, helping support safe, reliable operations at one of the UK’s largest producing North Sea oil fields. SourceContinue Reading
WTI crude settled above $91 per barrel after President Trump warned of possible new strikes against Iran and U.S. government data showed a larger-than-expected draw in crude inventories, adding to concerns over global oil supplies. SourceContinue Reading
Chevron, YPF and Pluspetrol are expected to commit volumes to a $3 billion natural gas liquids project in Argentina’s Vaca Muerta shale basin, a move that could pave the way for final investment approval and help ease infrastructure constraints on future production growth. SourceContinue Reading
Indonesia Energy Corporation remains on schedule to spud the K-29 well at its Kruh Block asset in Indonesia later this month after completing rig installation, safety inspections and key pre-drilling preparations. SourceContinue Reading
An oil tanker linked to previous Iranian crude shipments reported a fire while transiting the Gulf of Oman, prompting responses from maritime security agencies and raising fresh concerns about shipping security near the Strait of Hormuz. SourceContinue Reading
