Aramco and ADNOC are among the companies continuing limited crude shipments through the Strait of Hormuz despite Iranian threats, shipping disruptions and sharply reduced Gulf export flows. SourceContinue Reading
OTC 2026 wrapped up in Houston after four days of discussions focused on offshore growth, energy security and emerging technologies, as global supply disruptions continue to reshape industry priorities. SourceContinue Reading
IEA Executive Director Fatih Birol met with Canadian officials to discuss oil and gas market disruption tied to the Strait of Hormuz crisis and Canada’s growing role in global energy exports. SourceContinue Reading
BW Offshore has extended the FPSO BW Catcher contract through the end of 2030, adding approximately $490 million in operating cash flow backlog and improving redeployment flexibility. SourceContinue Reading
Citigroup said oil markets are likely to remain highly volatile as traders react to shifting expectations surrounding a possible U.S.-Iran agreement and the reopening of the Strait of Hormuz. SourceContinue Reading
PetroTal raised its 2026 outlook and said it is preparing to resume development drilling at Peru’s Bretana field later this year as production stabilization efforts continue. SourceContinue Reading
SunPetro has launched India’s first 3C MEMS nodal seismic survey using Sercel WiNG technology, supporting high-resolution reservoir imaging and 4D monitoring in Gujarat. SourceContinue Reading
Rex International has appointed upstream veteran Mike Hopkinson as COO as the company advances operations and prepares for additional drilling activity in Oman. SourceContinue Reading
Devon and Coterra have completed their merger, creating a major U.S. shale operator with expanded Delaware basin scale and operations spanning the Anadarko, Eagle Ford and Marcellus plays. SourceContinue Reading
