Northern Oil and Gas reaffirmed its 2026 production and capital spending guidance after improving Permian conditions, while highlighting new Ground Game acquisitions and the closing of its Duvernay joint development deal. SourceContinue Reading
Unity has entered the Asia-Pacific market after securing its first Malaysia rigless well intervention and P&A contract. Partnering with Reservoir Link, the company will deploy its Surface Intervention System on a three-well offshore campaign aimed at reducing intervention costs and supporting mature asset decommissioning. SourceContinue Reading
Condor Energies increased production to a record 16,921 boed after its K-42 well in Uzbekistan delivered stronger-than-expected test results, supporting continued development of the Kumli NW field. SourceContinue Reading
SLB OneSubsea has secured an EPC contract from Eni to supply subsea production systems for the 13-well Baleine Phase 3 deepwater development offshore Côte d’Ivoire, supporting one of West Africa’s largest offshore projects. SourceContinue Reading
Noble has secured a $136.2 million contract for its Noble Viking drillship to drill six offshore wells in Brunei, extending the rig’s backlog through the fourth quarter of 2028. SourceContinue Reading
1947 Oil & Gas has appointed veteran oil and gas executive Mark Paull as executive vice president of corporate development ahead of its planned acquisition of Renaissance Offshore and anticipated AIM market listing. SourceContinue Reading
The United States launched a third round of strikes on Iran as Tehran declared the Strait of Hormuz closed to commercial shipping, escalating tensions that threaten global oil exports and energy markets. SourceContinue Reading
ADNOC Logistics & Services has ordered four 175,000-m³ LNG carriers valued at approximately $900 million, expanding its LNG shipping fleet to support growing global gas demand and ADNOC’s LNG marketing strategy. SourceContinue Reading
Oil prices declined as the United States and Iran continued technical talks following renewed military strikes, easing immediate supply concerns even as tanker traffic through the Strait of Hormuz remained below normal. SourceContinue Reading
A limited number of oil tankers continue to transit the Strait of Hormuz via the Oman shipping corridor despite renewed U.S.-Iran military strikes, while observable vessel traffic remains below normal levels. SourceContinue Reading
