Valeura has chartered a jack-up drilling rig for a three-year term to support development and exploration drilling across its Gulf of Thailand assets through 2029. SourceContinue Reading

Empowering Pumps & Equipment and Gulf Energy Information partner to launch an event focused on operators and engineers working with flow systems across oil and gas, refining, petrochemical, and water. SourceContinue Reading

Santos is restructuring its Australia and Papua New Guinea upstream operations to cut costs and improve efficiency as the company shifts focus from growth to profitability. SourceContinue Reading

Seadrill has secured new U.S. Gulf contracts for its West Neptune and West Vela drillships, adding $260 million to backlog and reinforcing ultra-deepwater activity in the region. SourceContinue Reading

Eni’s 5-Tcf Geliga discovery offshore Indonesia adds significant new gas volumes and reinforces the Kutei basin’s role as a key growth hub for LNG supply and deepwater development. SourceContinue Reading

A last-minute extension of the Iran ceasefire has not eased tensions in global energy markets, with the U.S. maintaining its blockade of the Strait of Hormuz after negotiations with Tehran collapsed. SourceContinue Reading

Saipem has secured early-stage SURF work on ExxonMobil’s Longtail project offshore Guyana, signaling continued momentum in one of the world’s fastest-growing deepwater basins. SourceContinue Reading

Innovex has acquired Drilling Innovative Solutions, adding float valves and cementing tools to expand its downhole technology portfolio and support well construction efficiency. SourceContinue Reading

Stalled U.S.-Iran talks ahead of the ceasefire deadline are casting doubt on reopening the Strait of Hormuz, leaving global oil flows and tanker traffic in limbo. SourceContinue Reading

Nearly half of oil and gas assets in the Gulf are operating beyond design life, as Strait of Hormuz disruptions intensify pressure on aging infrastructure, according to new IGS research. SourceContinue Reading