Perenco UK has restarted production from the Davy gas field in the Southern North Sea after more than five years offline, bringing approximately 14 MMscf/d back into production through the Bacton terminal. SourceContinue Reading
The U.S. and Iran remained far apart Sunday on negotiations aimed at ending the conflict and reopening the Strait of Hormuz, while a drone strike near a UAE nuclear facility underscored ongoing security risks across the Gulf region. SourceContinue Reading
Venezuela has begun circulating draft oil and gas regulations and proposed contract models outlining fiscal, operational and technical rules for foreign companies seeking to invest in the country’s energy sector. SourceContinue Reading
FutureOn has launched FieldTwin Operate, a digital twin platform designed to integrate engineering, inspection and operational data into a unified geospatial environment for subsea offshore assets. SourceContinue Reading
The U.S. and China called for reopening the Strait of Hormuz following talks between President Donald Trump and Chinese President Xi Jinping, though negotiations over the Iran conflict remain deadlocked as oil prices continue climbing. SourceContinue Reading
Mexican President Claudia Sheinbaum has appointed Pemex CFO Juan Carlos Carpio to lead the state oil company as the heavily indebted producer faces production declines, fiscal pressure and restructuring challenges. SourceContinue Reading
Velesto Energy has secured its first asset-light offshore drilling contract from Hibiscus Oil & Gas Malaysia, covering jackup rig services for plug and abandonment and exploration wells offshore Malaysia. SourceContinue Reading
Perenco UK has restarted production from the Davy gas field in the Southern North Sea after more than five years offline, bringing approximately 14 MMscf/d back into production through the Bacton terminal. SourceContinue Reading
ICIS analyst Kojo Orgle warns that physical oil market tightness could persist for months even after a diplomatic resolution to the Iran war, as aggressive inventory drawdowns and ongoing Strait of Hormuz disruptions continue pressuring global supply chains. SourceContinue Reading
A bipartisan Senate bill backed by TIPRO and EWTC aims to prevent future LNG export permit moratoriums by strengthening protections for U.S. LNG approvals under the Natural Gas Act. SourceContinue Reading
