Several out-of-control wildfires are burning near Alberta’s oil sands region, placing roughly 500,000 bopd of production within 20 kilometers of active blazes and raising concerns about potential disruptions to Canadian crude output. SourceContinue Reading

Tamboran Resources has completed its acquisition of Falcon Oil & Gas subsidiaries following court approval, consolidating its position in Australia’s Beetaloo basin as development activity continues in one of the country’s largest unconventional gas plays. SourceContinue Reading

Ship traffic through the Strait of Hormuz is beginning to recover as U.S. military officials provide navigation guidance to commercial vessels, offering cautious optimism for oil and LNG flows despite continuing security concerns in the region. SourceContinue Reading

Heli-One has opened the first Sikorsky-authorized S-92 customer support center in Brazil, expanding maintenance and overhaul capabilities for offshore oil and gas helicopter operators across South America. SourceContinue Reading

Eldorado Drilling has agreed to acquire Vantage Drilling in a transaction valued at approximately $258 million, combining offshore drilling operations and creating a larger platform focused on global rig opportunities. SourceContinue Reading

SBM Offshore has secured contracts from Petrobras to design, build and operate the SEAP-I and SEAP-II FPSOs for the Sergipe-Alagoas basin offshore Brazil, supporting a major deepwater oil and gas development with first deliveries planned for 2030 and 2031. SourceContinue Reading

Smart Seismic Solutions (S3) has purchased a 20,000-node STRYDE seismic acquisition system, expanding its onshore survey capabilities following large-scale deployments across Europe for carbon storage and geothermal exploration projects. SourceContinue Reading

Norway is urging the European Union to remove its moratorium on new Arctic oil and gas drilling, arguing that increased Barents Sea exploration could strengthen European energy security as the region remains heavily dependent on Norwegian gas supplies. SourceContinue Reading

Chevron CEO Mike Wirth said multiple vessels transiting the Strait of Hormuz were attacked this week, highlighting persistent security risks for oil shipping even as the United States and Iran move closer to a potential ceasefire agreement. SourceContinue Reading

Texas Railroad Commissioner Wayne Christian applauded nation-leading Texas oil production growth, citing new data showing continued strength in Texas drilling activity and steady employment gains in the upstream sector.  SourceContinue Reading