Portugal is moving toward a windfall tax on energy companies as the Iran conflict drives up oil and gas prices, with EU countries weighing coordinated action. SourceContinue Reading
The U.S. said its ceasefire with Iran remains intact despite clashes in the Strait of Hormuz, where vessel attacks and missile strikes have heightened risks to global oil shipping. SourceContinue Reading
Expro is acquiring Enhanced Drilling for $215 million, adding managed pressure drilling capabilities as it positions for growing demand tied to energy security and global supply pressures. SourceContinue Reading
INEOS and Shell are advancing new deepwater exploration and development opportunities near the Appomattox platform in the U.S. Gulf, targeting tieback projects to existing infrastructure. SourceContinue Reading
Weatherford has secured managed pressure drilling contracts and a global aftermarket agreement with Noble, including MPD system deployments for offshore operations in Guyana and Nigeria. SourceContinue Reading
Harbour Energy has cleared a key hurdle in its acquisition of Waldorf’s North Sea assets, with a UK court backing the restructuring needed to move the deal forward. SourceContinue Reading
Baker Hughes and Strohm are developing a hybrid flexible pipe for ultra-deepwater flowline and riser applications, targeting reduced weight and improved installation efficiency. SourceContinue Reading
Guyana’s President took the stage at OTC’s opening session—but instead of highlighting the country’s booming oil output, his wide-ranging remarks on energy transition, financing and “global energy balance” left attendees searching for a clearer message. SourceContinue Reading
Diamondback is ramping up Permian output, citing a “historic global deficit” as supply disruptions and rising prices push U.S. shale producers to respond. SourceContinue Reading
Iran launched missile and drone attacks on the UAE, targeting oil infrastructure in Fujairah and driving crude prices higher amid renewed regional tensions. SourceContinue Reading
