U.S.-Iran talks have stalled after Washington canceled a key diplomatic trip and Tehran rejected negotiations under pressure, as blockades keep Strait of Hormuz traffic near a standstill. SourceContinue Reading
Argentina’s incentive program is expected to accelerate development of a $12-billion Vaca Muerta shale oil project, boosting production and investment in the country’s key basin. SourceContinue Reading
A sanctioned Iranian oil tanker halted in the Strait of Hormuz amid a U.S. blockade, as shipping traffic through the key oil chokepoint remains severely constrained. SourceContinue Reading
Baker Hughes CEO Lorenzo Simonelli expects upstream oil and gas investment to rebound in 2026–2027, driven by energy security concerns and supply disruptions linked to the Iran conflict. SourceContinue Reading
APPO is pushing regional energy hubs to connect infrastructure and unlock Africa’s oil and gas potential, as operators look to scale investment and monetize the continent’s vast gas reserves. SourceContinue Reading
The White House has extended a Jones Act shipping waiver to mid-August, allowing foreign vessels to transport oil and fuel between U.S. ports to ease supply disruptions linked to the Iran conflict. SourceContinue Reading
SLB has agreed to acquire S&P Global Energy’s upstream software portfolio, expanding its digital subsurface and AI capabilities for U.S. shale and unconventional workflows. SourceContinue Reading
Ecopetrol has agreed to acquire a stake in Brazil’s Brava Energia and plans a tender offer to secure a controlling interest, expanding its upstream portfolio and production base. SourceContinue Reading
A new joint venture between PetroGuin and Tender Oil and Gas will advance seismic work and exploration in Guinea-Bissau’s deepwater offshore blocks, signaling renewed investor interest in the basin. SourceContinue Reading
bp saw shareholder pushback at its AGM as investors raised concerns over strategy and performance, while the company continues to refocus on oil and gas operations. SourceContinue Reading
