TGS has secured a three-year extension for its ocean bottom node (OBN) seismic acquisition contract in the Gulf of America/Mexico, supporting ongoing offshore exploration and development activity. SourceContinue Reading
President Donald Trump said a ceasefire extension with Iran is unlikely, with the Strait of Hormuz set to remain blocked, raising concerns over global oil supply and market volatility. SourceContinue Reading
Eni and Repsol have reached an agreement to expand Venezuela’s offshore Perla gas field, targeting LNG exports by 2031 as production ramps up and sanctions ease. SourceContinue Reading
Kuwait has declared force majeure on oil and refined product shipments as the Strait of Hormuz blockade disrupts export flows, highlighting the growing impact of the Middle East conflict on global energy markets. SourceContinue Reading
As Iran again closes the Strait of Hormuz after a brief reopening, energy analyst Arjun Murti tells World Oil that markets may be misreading the situation, with no clear “open” or “closed” outcome in sight. SourceContinue Reading
Op-Ed: Africa’s energy transition will depend on governance, investment and continued oil and gas development, according to industry commentary on balancing growth and decarbonization. SourceContinue Reading
Moveout Data has launched Metaseis, a seismic data management software platform designed to streamline processing, improve data accessibility and support AI-driven analytics in upstream workflows. SourceContinue Reading
The U.S. Bureau of Land Management will hold a 2026 lease sale in Alaska’s Arctic Coastal Plain, advancing federal efforts to expand oil and gas development. SourceContinue Reading
Shipping in the Strait of Hormuz has stalled after Iran reversed course and threatened vessels, raising risks to global oil flows and complicating U.S.-Iran peace negotiations. SourceContinue Reading
Iran’s reopening of the Strait of Hormuz eased oil prices at the end of a volatile week, but markets remain on edge as shipping flows and ceasefire stability come into focus. SourceContinue Reading
