IEA Executive Director Fatih Birol urged the European Union to reconsider its Arctic oil and gas drilling moratorium, arguing that Norwegian production remains essential to Europe’s energy security amid heightened geopolitical uncertainty. SourceContinue Reading
Venezuela has introduced sweeping new oil regulations that expand private sector participation across upstream production, refining, marketing and fuel distribution, marking the country’s most significant oil policy reform in decades. SourceContinue Reading
Commercial shipping through the Strait of Hormuz slowed sharply after renewed U.S. and Iranian military strikes, with tanker traffic, LNG movements and marine insurance activity reflecting growing concerns over Middle East energy exports. SourceContinue Reading
Metatek has begun a three-year airborne geophysical survey covering 210,000 km² in Nigeria, using enhanced Full Tensor Gravity Gradiometry, magnetic, gravity and LiDAR data to support hydrocarbon exploration and resource development. SourceContinue Reading
Unique Group has appointed Giovanni Corbetta as chief executive officer, bringing more than 30 years of leadership experience across the offshore energy, subsea, marine services and engineering sectors. SourceContinue Reading
SLB OneSubsea has won a contract from Eni North Ganal to engineer, procure and manufacture a 94.6-km steel tube umbilical system for the Kutei North Hub deepwater development offshore Indonesia, one of the largest umbilical awards in the industry. SourceContinue Reading
The World Bank approved an $875 million financing package for Côte d’Ivoire and signed an interim agreement with Eni to support the country’s Gas Master Plan and expanding natural gas infrastructure. SourceContinue Reading
The U.S. and Iran exchanged a second round of airstrikes as tensions escalated in the Strait of Hormuz, disrupting commercial shipping, delaying LNG operations and raising concerns over global oil supplies. SourceContinue Reading
Eni and Halliburton have completed the industry’s first deployment of integrated closed-loop rig automation and managed pressure drilling on a deepwater exploration well offshore Indonesia, improving drilling efficiency by more than 15%. SourceContinue Reading
The U.S. launched a second day of military strikes on Iran, citing attacks on commercial vessels in the Strait of Hormuz, as renewed conflict heightened concerns over regional energy security and global oil supplies. SourceContinue Reading
