Aramco has selected McDermott for a long-term project management consultancy agreement supporting energy, petrochemical and low-carbon developments across Saudi Arabia, strengthening the contractor’s role in the Kingdom’s future project portfolio. SourceContinue Reading
Subsea7 has been awarded a contract by Murphy Exploration & Production Company to provide engineering, procurement, construction and installation services for the String Music development, a deepwater subsea tieback to the Delta House facility in the U.S. Gulf. SourceContinue Reading
Vitol has warned that Western governments are underestimating the severity of the global oil supply crunch caused by disruptions in the Strait of Hormuz, with the company estimating demand destruction has reached approximately 4 MMbpd worldwide. SourceContinue Reading
Despite ongoing U.S.-Iran negotiations, commercial shipping traffic through the Strait of Hormuz remains sparse, highlighting continued uncertainty over when energy flows may begin returning to normal. SourceContinue Reading
Shell has achieved MiQ methane certification across its entire Gulf of America/Gulf of Mexico production portfolio, with all 10 offshore assets receiving the organization’s top Grade A rating for methane emissions performance. SourceContinue Reading
Venezuelan Acting President Delcy Rodríguez will meet Indian Prime Minister Narendra Modi as India increases Venezuelan crude imports amid supply disruptions linked to the Iran conflict and continued uncertainty surrounding the Strait of Hormuz. SourceContinue Reading
The Petroleum Hall of Fame has opened nominations for its 2027 induction class, recognizing individuals whose contributions have helped shape the Permian basin and the broader petroleum industry. The nomination deadline is July 31, 2026. SourceContinue Reading
LNG Canada has issued a limited notice to proceed for its proposed Phase 2 expansion in Kitimat, British Columbia, allowing Fluor and JGC to begin early project activities as the partners evaluate a final investment decision that could double LNG export capacity. SourceContinue Reading
SBM Offshore and Solstad Offshore have formed a joint venture to build a next-generation deepwater installation and construction vessel, expanding capacity to support FPSO installations and offshore infrastructure projects worldwide. SourceContinue Reading
ROGII has released StarSteer 2026.1, introducing enhanced geosteering workflows, advanced well attribute management and expanded 3D geomodeling capabilities designed to improve subsurface interpretation and well planning. SourceContinue Reading
