Iran has announced a natural gas discovery containing more than 7.5 Tcf in Fars province, including an estimated 5.7 Tcf of recoverable gas, as the country contends with production losses following months of attacks on energy infrastructure. SourceContinue Reading
Petrobras has entered negotiations for four exploration blocks offshore Ghana in the Keta basin, advancing its strategy to expand frontier exploration and replenish oil and gas reserves. SourceContinue Reading
Oil headed for a roughly 6% weekly gain, with Brent near $94 a barrel, as markets awaited new U.S. economic measures targeting Iran amid continued Middle East supply disruptions. SourceContinue Reading
AquaTerra Group is seeing record demand across North Sea decommissioning, integrity and late-life maintenance projects, with more than 150 personnel offshore and over 200 equipment kits currently on hire. SourceContinue Reading
Continental Resources plans to acquire a 50% interest in Phoenix Global Resources and form a Vaca Muerta joint venture with Mercuria targeting more than 100,000 boed of production within five years. SourceContinue Reading
Pipetech and the Net Zero Technology Centre have completed the first well trial of a new downhole scale remediation tool, generating operational data to support further development and eventual commercial deployment. SourceContinue Reading
Permian electricity demand is soaring as producers electrify drilling and completions, with Diamondback Energy expecting its own power needs to double over the next decade even if production remains flat. SourceContinue Reading
Transocean has secured a two-year binding award with ONGC for the Dhirubhai Deepwater KG2 in India, adding approximately $300 million in contract value with options that could extend the drillship’s campaign into early 2031. SourceContinue Reading
DeepOcean has completed subsea construction and tie-in work for the Teal West development in the UK North Sea, connecting the field to the existing Anasuria FPSO using diverless subsea technology. SourceContinue Reading
