CoreMarine and Vår Energi are advancing long-term digital integrity management efforts on the Goliat FPSO through renewal of the CoreIntegrity platform for offshore mooring and asset monitoring operations. SourceContinue Reading
President Donald Trump said he postponed a planned military strike on Iran after appeals from Gulf allies seeking more time for negotiations, easing immediate fears of further disruption to global oil markets. SourceContinue Reading
The U.S. Treasury has extended a sanctions waiver allowing certain Russian oil cargo transactions through June 17, offering temporary relief for stranded shipments as global crude markets remain strained by Middle East supply disruptions. SourceContinue Reading
McDermott reported first-quarter 2026 revenue of $2.4 billion and a backlog of $17.6 billion as the offshore engineering contractor cited strong project execution and continued operations amid Middle East market uncertainty. SourceContinue Reading
YPF has submitted a $25 billion RIGI investment proposal tied to its LLL Oil development in Argentina’s Vaca Muerta shale, targeting 240,000 bopd of export-focused production by 2032. SourceContinue Reading
Eco Atlantic has secured court approval for its proposed acquisition of JHI Associates, advancing plans to acquire a 35% interest in the PL001 offshore Falkland Islands license operated by Navitas Petroleum. SourceContinue Reading
The African Energy Chamber has named Aliko Dangote its 2026 African Energy Person of the Year, recognizing his investments in refining, energy infrastructure and industrial development across Africa. SourceContinue Reading
Satellite imagery shows tanker congestion around Iran’s Kharg Island oil export hub has climbed to its highest level since the U.S. naval blockade began, highlighting growing disruption across Iran’s crude and LPG export system. SourceContinue Reading
Glenfarne Alaska LNG and ConocoPhillips Alaska have signed a long-term gas sales precedent agreement supporting Phase One development of the Alaska LNG project and securing additional North Slope gas supply volumes. SourceContinue Reading
ADNOC has signed new strategic agreements with Indian energy partners covering crude oil storage, LNG and LPG cooperation as the UAE and India deepen long-term energy supply and infrastructure ties. SourceContinue Reading
