Kongsberg Maritime has expanded its UUC PM azimuth thruster range with two new high-thrust models, boosting propulsion efficiency and flexibility for offshore and marine operations. The latest additions support larger vessels, reduce maintenance downtime, and strengthen lifecycle performance in demanding offshore energy environments. SourceContinue Reading
Buccaneer Energy is moving ahead with a new waterflood program at its Fouke area assets in Texas, aiming to double or triple recoverable volumes. The plan includes converting two wells for injection, reinstating production at Turner #1, and advancing development work over the next six months. SourceContinue Reading
Seadrill is adding new backlog with contract awards in the U.S. Gulf of America/Mexico and Angola, securing follow-on work for three rigs and extending operations into 2027 while avoiding idle time between campaigns. SourceContinue Reading
Crescent Energy has completed its all-stock acquisition of Vital Energy, creating a top-ten U.S. liquids-weighted independent E&P operator. The merger expands Crescent’s scale, strengthens free cash flow generation, and adds new board members as the company prepares 2026 guidance. SourceContinue Reading
International operators are lining up for new acreage across the MSGBC basin, with rising interest in The Gambia, Guinea-Bissau and deepwater frontier zones. As governments update fiscal terms and accelerate de-risking efforts, the region is positioning itself as West Africa’s next exploration hotspot. SourceContinue Reading
The Middle Eastern oil market has weakened in recent weeks on concern that regional supplies will outstrip demand, adding to signs of a softening global picture that’s weighed on benchmark crude futures. SourceContinue Reading
Equinor has extended its long-running IMR agreement with DeepOcean, securing subsea support through 2027 and preparing for the launch of the next-generation Rem Ocean vessel. The renewal marks nearly 30 years of continuous collaboration on the Norwegian Continental Shelf. SourceContinue Reading
BW Energy has entered Angola with new stakes in Block 14 and 14K, adding immediate production and opening the door to long-term West Africa growth. The Chevron-operated assets deliver 4,000 bopd net and come with material upside and a USD 97.5 million base consideration. SourceContinue Reading
Nigeria is turning waste into opportunity by allowing 28 companies to capture and commercialize gas once lost to flaring, a move expected to draw billions in investment and boost energy output. SourceContinue Reading
API praised the House for passing bipartisan permitting reform bills that streamline pipeline reviews and federal approvals, calling it a key step toward faster, more efficient energy infrastructure development. SourceContinue Reading
