IKM Testing UK has been awarded a contract to deliver pre-commissioning services for CO₂ pipeline infrastructure on the Northern Endurance Partnership project, supporting development of the UK’s East Coast carbon capture cluster and offshore storage in the North Sea. SourceContinue Reading

INPEX and Formentera have formed a joint venture to accelerate shale gas development in Australia’s Beetaloo basin, targeting domestic supply and future LNG exports supported by U.S. shale expertise and expanded infrastructure plans. SourceContinue Reading

Equinor has launched drilling operations for the Raia project in Brazil’s Campos basin, a major pre-salt gas development expected to supply up to 16 MMcm/d and support the country’s energy demand by 2028. SourceContinue Reading

Chariot has secured economic exposure to offshore Angola production through a financed acquisition of stakes in Blocks 14 and 14K, gaining access to ~4,000 bpd net-equivalent output and long-term cash flow backed by Shell trading support. SourceContinue Reading

A Turkish-operated tanker carrying roughly 1 MMbbl of Russian crude was damaged in a suspected sea-drone attack in the Black Sea, raising concerns over maritime security and energy flows near the Bosphorus Strait. SourceContinue Reading

Serica Energy has completed its acquisition of a 40% operated interest in TotalEnergies’ Greater Laggan Area assets, establishing a new operated hub West of Shetland with ~5,000 boed net production and multiple gas-focused growth opportunities. SourceContinue Reading

Iran is maintaining crude exports near 1.6 MMbpd and capturing stronger prices as disruptions in the Strait of Hormuz sideline other Gulf producers, reshaping regional supply dynamics and boosting Tehran’s oil revenues. SourceContinue Reading

Vantage Drilling’s return to profitability in 2025 reflects strengthening offshore fundamentals, with a previously awarded drillship contract adding to backlog and reducing forward execution risk. SourceContinue Reading

ReconAfrica has commenced production testing at its Kavango West 1X discovery in Namibia, targeting multiple hydrocarbon zones as it advances evaluation of the basin’s commercial potential. SourceContinue Reading

CNOOC reported record oil and gas production and reserves in 2025, supported by new discoveries, project startups and continued upstream investment across China and international assets. SourceContinue Reading