Venezuelan Acting President Delcy Rodríguez will meet Indian Prime Minister Narendra Modi as India increases Venezuelan crude imports amid supply disruptions linked to the Iran conflict and continued uncertainty surrounding the Strait of Hormuz. SourceContinue Reading

The Petroleum Hall of Fame has opened nominations for its 2027 induction class, recognizing individuals whose contributions have helped shape the Permian basin and the broader petroleum industry. The nomination deadline is July 31, 2026. SourceContinue Reading

LNG Canada has issued a limited notice to proceed for its proposed Phase 2 expansion in Kitimat, British Columbia, allowing Fluor and JGC to begin early project activities as the partners evaluate a final investment decision that could double LNG export capacity. SourceContinue Reading

SBM Offshore and Solstad Offshore have formed a joint venture to build a next-generation deepwater installation and construction vessel, expanding capacity to support FPSO installations and offshore infrastructure projects worldwide. SourceContinue Reading

ROGII has released StarSteer 2026.1, introducing enhanced geosteering workflows, advanced well attribute management and expanded 3D geomodeling capabilities designed to improve subsurface interpretation and well planning. SourceContinue Reading

Parex Resources has completed its $500 million acquisition of Frontera E&P’s Colombian assets, adding approximately 37,000 boed of production and establishing the company as Colombia’s largest independent oil and gas producer. SourceContinue Reading

bp and its ACG partners have commenced the first commercial non-associated gas production at the Azeri-Chirag-Gunashli field offshore Azerbaijan, opening a new development phase with an estimated 4 Tcf to 6 Tcf of recoverable gas resources. SourceContinue Reading

Industry leaders, policymakers and operators will gather in St. John’s this week for the Energy NL Conference & Exhibition, where discussions will focus on offshore oil and gas development, local content opportunities and the future of Newfoundland and Labrador’s energy sector. SourceContinue Reading

Oil prices climbed sharply after reports that Iran plans to suspend communications with the United States, raising concerns about ongoing ceasefire negotiations and efforts to restore energy exports through the Strait of Hormuz. SourceContinue Reading

Weatherford has agreed to acquire NCS Multistage in a move that expands its well completions portfolio and strengthens its exposure to unconventional oil and gas development, while adding completion and production optimization technologies to its global offering. SourceContinue Reading