ABB has been awarded a contract to modernize automation and safety control systems on the Buzzard offshore platform, helping support safe, reliable operations at one of the UK’s largest producing North Sea oil fields. SourceContinue Reading
WTI crude settled above $91 per barrel after President Trump warned of possible new strikes against Iran and U.S. government data showed a larger-than-expected draw in crude inventories, adding to concerns over global oil supplies. SourceContinue Reading
Chevron, YPF and Pluspetrol are expected to commit volumes to a $3 billion natural gas liquids project in Argentina’s Vaca Muerta shale basin, a move that could pave the way for final investment approval and help ease infrastructure constraints on future production growth. SourceContinue Reading
Indonesia Energy Corporation remains on schedule to spud the K-29 well at its Kruh Block asset in Indonesia later this month after completing rig installation, safety inspections and key pre-drilling preparations. SourceContinue Reading
An oil tanker linked to previous Iranian crude shipments reported a fire while transiting the Gulf of Oman, prompting responses from maritime security agencies and raising fresh concerns about shipping security near the Strait of Hormuz. SourceContinue Reading
EnQuest has agreed to acquire interests in four offshore Malaysia production-sharing contracts for up to $833 million, adding approximately 57,400 boed of production and increasing group reserves by 85% as it expands its Southeast Asia portfolio. SourceContinue Reading
Petrobras has agreed to acquire a 50% interest in the offshore Itaimbezinho exploration block in Brazil’s Campos basin, expanding its partnership with Equinor and strengthening its exploration portfolio in one of the country’s key offshore regions. SourceContinue Reading
APA Corporation has agreed to acquire Savant Alaska for approximately $70 million, securing strategic North Slope infrastructure, including the Badami production facility and Nutaaq Pipeline, as it advances exploration and appraisal activities in Alaska. SourceContinue Reading
bp will reorganize its business into two core segments—upstream and downstream—beginning July 1, simplifying its corporate structure as the company seeks to improve execution, reduce complexity and strengthen shareholder returns. SourceContinue Reading
SLB and Qualcomm Technologies have signed a collaboration agreement to develop edge AI solutions for energy operations, combining low-power edge computing with oilfield workflows to support real-time decision-making across wells, facilities and production systems. SourceContinue Reading
