IEA Executive Director Fatih Birol met with Canadian officials to discuss oil and gas market disruption tied to the Strait of Hormuz crisis and Canada’s growing role in global energy exports. SourceContinue Reading
BW Offshore has extended the FPSO BW Catcher contract through the end of 2030, adding approximately $490 million in operating cash flow backlog and improving redeployment flexibility. SourceContinue Reading
Citigroup said oil markets are likely to remain highly volatile as traders react to shifting expectations surrounding a possible U.S.-Iran agreement and the reopening of the Strait of Hormuz. SourceContinue Reading
PetroTal raised its 2026 outlook and said it is preparing to resume development drilling at Peru’s Bretana field later this year as production stabilization efforts continue. SourceContinue Reading
SunPetro has launched India’s first 3C MEMS nodal seismic survey using Sercel WiNG technology, supporting high-resolution reservoir imaging and 4D monitoring in Gujarat. SourceContinue Reading
Rex International has appointed upstream veteran Mike Hopkinson as COO as the company advances operations and prepares for additional drilling activity in Oman. SourceContinue Reading
Devon and Coterra have completed their merger, creating a major U.S. shale operator with expanded Delaware basin scale and operations spanning the Anadarko, Eagle Ford and Marcellus plays. SourceContinue Reading
At OTC in Houston, ExxonMobil’s John Ardill said the coming “demand decade” will require more upstream investment, stronger policy alignment and faster deployment of AI-driven technologies. He pointed to autonomous drilling in Guyana and the U.S. shale model as indicators of where exploration is headed. SourceContinue Reading
At OTC in Houston, ExxonMobil’s John Ardill said the coming “demand decade” will require more upstream investment, stronger policy alignment and faster deployment of AI-driven technologies. He pointed to autonomous drilling in Guyana and the U.S. shale model as indicators of where exploration is headed. SourceContinue Reading
The Trump administration is considering drilling for oil beneath U.S. military bases and other federal land as part of efforts to refill the depleted Strategic Petroleum Reserve. SourceContinue Reading
