Dallas Fed survey data show executives expect months of continued Hormuz disruption, higher shipping costs and only modest U.S. production gains as the industry navigates ongoing geopolitical risk. SourceContinue Reading
U.S. forces have boarded another Iranian-linked supertanker, signaling a wider reach for its blockade as oil shipments attempt to move beyond the Gulf. SourceContinue Reading
EIV Capital has raised $1.1 billion across new funds targeting U.S. upstream oil and gas assets and energy infrastructure, signaling continued investor focus on domestic energy development. SourceContinue Reading
Helix Energy Solutions and Hornbeck Offshore Services will combine in an all-stock deal to create an integrated deepwater offshore services company with expanded vessel and subsea capabilities. SourceContinue Reading
Major oil companies are increasing deepwater exploration investment as the industry faces a 300-billion-barrel supply gap by 2050, according to new analysis from Wood Mackenzie. SourceContinue Reading
A new offshore industry report highlights innovation, workforce development and environmental performance, with NOIA pointing to growing adoption of digital tools and next-generation workforce programs. SourceContinue Reading
Valeura has chartered a jackup drilling rig for a three-year term to support development and exploration drilling across its Gulf of Thailand assets through 2029. SourceContinue Reading
LUFKIN has launched an updated version of its SROD software, enabling faster rod lift design, improved well performance analysis, and enhanced efficiency for artificial lift systems. SourceContinue Reading
Iran intensified pressure on shipping in the Strait of Hormuz, with gunboats firing on commercial vessels while its own oil tankers moved beyond the chokepoint, testing a U.S.-enforced blockade. SourceContinue Reading
EnerMech has secured a multi-year contract to deliver integrated topside process, maintenance and integrity services across offshore assets in the UK Continental Shelf. SourceContinue Reading
