Seadrill has secured new U.S. Gulf contracts for its West Neptune and West Vela drillships, adding $260 million to backlog and reinforcing ultra-deepwater activity in the region. SourceContinue Reading
Eni’s 5-Tcf Geliga discovery offshore Indonesia adds significant new gas volumes and reinforces the Kutei basin’s role as a key growth hub for LNG supply and deepwater development. SourceContinue Reading
A last-minute extension of the Iran ceasefire has not eased tensions in global energy markets, with the U.S. maintaining its blockade of the Strait of Hormuz after negotiations with Tehran collapsed. SourceContinue Reading
Saipem has secured early-stage SURF work on ExxonMobil’s Longtail project offshore Guyana, signaling continued momentum in one of the world’s fastest-growing deepwater basins. SourceContinue Reading
Innovex has acquired Drilling Innovative Solutions, adding float valves and cementing tools to expand its downhole technology portfolio and support well construction efficiency. SourceContinue Reading
Stalled U.S.-Iran talks ahead of the ceasefire deadline are casting doubt on reopening the Strait of Hormuz, leaving global oil flows and tanker traffic in limbo. SourceContinue Reading
Nearly half of oil and gas assets in the Gulf are operating beyond design life, as Strait of Hormuz disruptions intensify pressure on aging infrastructure, according to new IGS research. SourceContinue Reading
ASCO has secured $33 million in contracts across Australia, supporting offshore decommissioning, logistics operations and gas development projects including the Waitsia gas plant. SourceContinue Reading
Halliburton says its global operations are holding up despite Iran-driven disruption in the Middle East, while early signs of a North America rebound point to a shifting upstream outlook. SourceContinue Reading
VAALCO Energy reports strong initial production from its Etame 14H well offshore Gabon, advances drilling at Ebouri, and progresses toward Q2 2026 restart of the Baobab FPSO offshore Côte d’Ivoire. SourceContinue Reading
