Equinor has launched drilling operations for the Raia project in Brazil’s Campos basin, a major pre-salt gas development expected to supply up to 16 MMcm/d and support the country’s energy demand by 2028. SourceContinue Reading
Chariot has secured economic exposure to offshore Angola production through a financed acquisition of stakes in Blocks 14 and 14K, gaining access to ~4,000 bpd net-equivalent output and long-term cash flow backed by Shell trading support. SourceContinue Reading
A Turkish-operated tanker carrying roughly 1 MMbbl of Russian crude was damaged in a suspected sea-drone attack in the Black Sea, raising concerns over maritime security and energy flows near the Bosphorus Strait. SourceContinue Reading
Serica Energy has completed its acquisition of a 40% operated interest in TotalEnergies’ Greater Laggan Area assets, establishing a new operated hub West of Shetland with ~5,000 boed net production and multiple gas-focused growth opportunities. SourceContinue Reading
Iran is maintaining crude exports near 1.6 MMbpd and capturing stronger prices as disruptions in the Strait of Hormuz sideline other Gulf producers, reshaping regional supply dynamics and boosting Tehran’s oil revenues. SourceContinue Reading
Vantage Drilling’s return to profitability in 2025 reflects strengthening offshore fundamentals, with a previously awarded drillship contract adding to backlog and reducing forward execution risk. SourceContinue Reading
ReconAfrica has commenced production testing at its Kavango West 1X discovery in Namibia, targeting multiple hydrocarbon zones as it advances evaluation of the basin’s commercial potential. SourceContinue Reading
CNOOC reported record oil and gas production and reserves in 2025, supported by new discoveries, project startups and continued upstream investment across China and international assets. SourceContinue Reading
Tenaris has acquired AllTorque’s oilfield division to expand its tubular running technology and rig floor services, enhancing well integrity, operational efficiency and OCTG capabilities in Canada. SourceContinue Reading
Petrobras has confirmed a new pre-salt oil discovery in the Campos Basin offshore Brazil, identifying high-quality hydrocarbons at the Marlim Sul field as part of efforts to rebuild reserves in mature areas. SourceContinue Reading
