TotalEnergies and EGAS have signed a memorandum of understanding covering offshore exploration cooperation in northwestern Egypt, supporting technical evaluation and assessment of the country’s deep offshore resource potential. SourceContinue Reading
ReconAfrica and partners NAMCOR and BW Energy are advancing production testing operations at the Kavango West 1X well in Namibia, with multi-zone downhole testing expected to begin before the end of May. SourceContinue Reading
bp has entered the North Ustyurt production sharing agreement in Uzbekistan, acquiring a 40% stake in six exploration blocks alongside SOCAR and Uzbekneftegaz as the company expands its upstream exploration portfolio in Central Asia. SourceContinue Reading
Indian Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus heavily on energy security and stable Gulf oil supplies as rising Middle East tensions and the UAE’s recent exit from OPEC reshape global energy markets. SourceContinue Reading
The EIA will begin publishing new quarterly datasets tracking global petroleum reserves and key oil and LNG shipping chokepoints, as ongoing disruption in the Strait of Hormuz continues to pressure global energy markets. SourceContinue Reading
MODS has renewed its offshore digital project delivery agreement with CB&I Asset Solutions, extending deployment of the MODS Connect software suite across UK Continental Shelf assets to support workflow visibility and project execution. SourceContinue Reading
Block Energy is entering the offshore Gabon upstream sector through an investment tied to the Ndjila and Mpari PSCs, adding discovered oil resources and exploration upside while launching a $6.3 million fundraise to support the transaction. SourceContinue Reading
Petralon Energy has increased production at Nigeria’s Dawes Island field to approximately 4,800 bopd following startup of the DI-3 well, marking the company’s second consecutive production well since achieving first oil in late 2025. SourceContinue Reading
Ned Marine has launched drone and subsea ROV inspection services for offshore and marine assets, expanding its NDT capabilities with remote technologies designed to reduce downtime, improve safety and accelerate vessel and infrastructure inspections. SourceContinue Reading
An Iraqi oil supertanker reversed course near the U.S. naval blockade line in the Strait of Hormuz as commercial shipping traffic through the critical energy chokepoint remained severely restricted amid escalating tensions between Washington and Tehran. SourceContinue Reading
