OPEC+ will add 206,000 bpd of oil production in April as Middle East tensions escalate following strikes on Iran, raising concerns over potential disruptions to Strait of Hormuz crude flows. SourceContinue Reading
Bilfinger has secured offshore and onshore maintenance contracts in the UK, including access and fabric services for Ithaca Energy’s Cygnus gas field and work at the St Fergus SAGE Terminal, expanding its North Sea operations footprint. SourceContinue Reading
Venezuela has canceled the auction of assets seized from Halliburton after pressure from the U.S. government, a move seen as clearing the way for the oilfield services giant’s return amid efforts to revive the country’s oil sector under U.S. engagement. SourceContinue Reading
Equinor is exploring the potential sale of offshore Angola oil assets as it focuses on growing production in Brazil, the Gulf of Mexico, the U.S. and the UK, targeting 900,000 boed of international output by 2030. SourceContinue Reading
Diversified Energy has agreed to acquire East Texas natural gas assets from Sheridan Production for $245 million, adding approximately 62 MMcfed of low-decline production and 397 Bcfe of reserves to its portfolio. SourceContinue Reading
UK officials are holding talks with North Sea oil and gas producers on potentially ending the Energy Profits Levy before its 2030 expiry, as policymakers weigh investment, energy security and jobs against climate and fiscal priorities. SourceContinue Reading
Greenland Energy has secured Arctic logistics support from Desgagnés for its planned 2026 drilling campaign in the Jameson Land basin, marking a key milestone in advancing onshore oil exploration in Greenland. SourceContinue Reading
The Energy Workforce & Technology Council has appointed Kyle Chapman of Levare and Daniel Watson of Steel Alloys & Services to its advisory board, strengthening industry leadership and strategic guidance for the oilfield services and technology sector. SourceContinue Reading
Guyana President Irfaan Ali will deliver the opening address at OTC 2026 in Houston, highlighting the country’s rapid rise as a major offshore oil producer and its growing role in global offshore investment and technology development. SourceContinue Reading
