Murphy Oil has announced an oil discovery at the Bubale-1X exploration well in Block CI-709 offshore Côte d’Ivoire, encountering 100 ft of net oil pay across two reservoirs. The company plans additional evaluation drilling in the second half of 2026. SourceContinue Reading
TechnipFMC has been awarded a significant contract by Azule Energy to supply flexible flowlines and risers for the Greater PAJ development offshore Angola. The project will connect deepwater wells in nearly 2,000 m of water to a new floating production unit. SourceContinue Reading
The U.S. Treasury has issued a 60-day waiver allowing Iran to sell crude oil and petroleum products through Aug. 21, marking a major shift in sanctions policy and potentially increasing Iranian oil supplies in global markets. SourceContinue Reading
Seneca Resources has signed a three-year agreement with Evolution Well Services to deploy electric fracturing technology across its Appalachian operations, highlighting the growing use of field gas-powered e-frac fleets to improve efficiency, lower costs and reduce emissions. SourceContinue Reading
The U.S. Department of the Interior has proposed revisions to federal oil and gas leasing and waste prevention regulations, including lowering bonding requirements and reducing compliance obligations related to venting, flaring and permitting on federal lands. SourceContinue Reading
An explosion and fire at Qatar’s Ras Laffan industrial complex killed 13 people and injured 66, but QatarEnergy says LNG export capabilities remain unaffected as the country works toward restarting production at the world’s largest LNG facility. SourceContinue Reading
An appraisal well has confirmed the Carmen gas-condensate discovery offshore Norway, with recoverable resources estimated at up to 107 MMboe. Partners are now evaluating tieback development options and additional drilling in the North Sea. SourceContinue Reading
Perenco has advanced the Su Tu Trang Phase 2B development offshore Vietnam with a new gas sales agreement, paving the way for a project expected to deliver more than 600 Bcf of natural gas and support the country’s growing energy needs. SourceContinue Reading
Chevron has signed a 20-year agreement to supply power to a Microsoft-operated data center from a planned 2.67-GW West Texas project, highlighting the growing role of Permian natural gas in supporting AI-driven electricity demand. SourceContinue Reading
Tampnet has been awarded contracts to provide subsea fiber and 5G connectivity for two deepwater developments in the U.S. Gulf. The projects are part of a broader network expansion that will add 400 km of subsea fiber infrastructure and increase offshore digital connectivity across the region. SourceContinue Reading
