Hedge funds and oil company executives are meeting in Venezuela as the government signals a push to reopen the economy and revive upstream investment, with sanctions relief and PDVSA restructuring key to unlocking production growth. SourceContinue Reading

SBM Offshore has secured FEED contracts for ExxonMobil’s Longtail FPSO offshore Guyana, advancing a major gas-condensate development with high processing capacity and continued expansion of the region’s deepwater production. SourceContinue Reading

Disruptions through the Strait of Hormuz are driving a more persistent inflationary shock, with Brent crude forecast to average $88/bbl in Q2 and recession risks rising, according to EY-Parthenon. SourceContinue Reading

EnerMech has secured a five-year contract to deliver crane management and lifting services on the Kraken FPSO in the UK North Sea, supporting offshore operations with integrated crewing and expanded service scope. SourceContinue Reading

TotalEnergies is exiting U.S. offshore wind and redirecting capital into LNG and gas projects, including Rio Grande LNG, signaling a major shift in investment strategy toward U.S. export capacity and upstream growth. SourceContinue Reading

Oil States International will transition leadership as CEO Cindy Taylor retires, with CFO Lloyd Hajdik set to take over in May 2026, marking a planned succession as the company continues focusing on operational performance and growth. SourceContinue Reading

Expro will deliver geothermal well testing services for Vulcan Energy’s Lionheart project in Germany, supporting reservoir evaluation and lithium extraction as Europe advances low-carbon energy and critical minerals development. SourceContinue Reading

U.S. President Donald Trump and Indian Prime Minister Narendra Modi discussed disruptions in the Strait of Hormuz as India faces tightening LNG and oil supplies, highlighting growing risks to global energy flows and industrial demand. SourceContinue Reading

Strohm has secured a contract to supply insulated thermoplastic composite pipe (TCP) production jumpers for a deepwater field extension offshore Malaysia, highlighting growing adoption of corrosion-resistant subsea infrastructure in Southeast Asia. SourceContinue Reading

Conflicting tracking signals around an Iraqi crude tanker highlight growing uncertainty in vessel movements near the Strait of Hormuz, as signal jamming and limited transits complicate visibility into global oil flows during ongoing regional conflict. SourceContinue Reading