President Trump said the U.S. will move to blockade the Strait of Hormuz after failed Iran talks, raising major risks to global oil and LNG flows through the critical energy chokepoint. SourceContinue Reading
INNIO and Rehlko have signed a 1.25-GW gas engine supply agreement to support growing demand from data centers and flexible power generation projects across global markets. SourceContinue Reading
A processing unit at the Aramco-TotalEnergies SATORP refinery has been shut down following damage linked to the Middle East conflict. While no injuries were reported, the extent of the outage and its potential impact remains under review. SourceContinue Reading
Saudi Arabia said attacks on key oil and gas infrastructure, including the East-West pipeline, disrupted production and exports, cutting output capacity by more than 600,000 bpd and tightening global supply. SourceContinue Reading
Ovintiv has closed the $3 billion sale of its Anadarko Basin assets in Oklahoma, with proceeds expected to reach $2.85 billion and support debt reduction and portfolio optimization. SourceContinue Reading
Subsea7 has secured a SURF contract worth at least $1.25 billion for Petrobras’ Sépia 2 pre-salt development in Brazil’s Santos basin, covering engineering, procurement, installation and pre-commissioning for 17 wells. SourceContinue Reading
DTEK Oil&Gas and Baker Hughes have signed an MOU to increase natural gas production in Ukraine, combining advanced technology and local expertise to strengthen domestic supply and European energy security. SourceContinue Reading
ConocoPhillips has sent a team to Venezuela to evaluate potential oil and gas opportunities, signaling renewed interest in the country’s vast reserves as U.S. companies assess a possible return after years of asset seizures. SourceContinue Reading
Oil flows through the Strait of Hormuz are expected to recover slowly following the U.S.-Iran ceasefire, with millions of barrels stranded in the Gulf and shipping, insurance and geopolitical risks continuing to limit transit. SourceContinue Reading
CB&I has completed its acquisition of Petrofac’s Asset Solutions business, adding operations, maintenance, wells and decommissioning services to expand its global energy services portfolio. SourceContinue Reading
