The U.S. has expanded sanctions targeting an Iranian oil shipping network tied to Hossein Shamkhani, aiming to curb crude exports as tensions in the Strait of Hormuz disrupt global supply. SourceContinue Reading
GoSubsea and Envirent have formed a strategic alliance to combine subsea equipment and ROV tooling rental capabilities, streamlining offshore project execution and improving operational efficiency. SourceContinue Reading
Stena Drilling has secured a contract from Energean to drill the first deepwater exploration well offshore Greece, targeting Block 2 in the Ionian Sea with the Stena DrillMAX rig. SourceContinue Reading
Saipem has secured $400 million in offshore EPCI contracts from Aramco for water injection platforms, pipelines and subsea infrastructure at the Safaniya oil field in Saudi Arabia. SourceContinue Reading
BGN has partnered with CCEC in a joint venture to charter its first LNG carrier, Amore Mio I, under a long-term agreement of up to 16 years, expanding its global LNG shipping capacity. SourceContinue Reading
Vår Energi has submitted a PDO for the Goliat gas export project in the Barents Sea, aiming to boost oil recovery, export gas to Hammerfest LNG and extend field life to 2050. SourceContinue Reading
The Permian basin holds an estimated 55,000 sub-$50/bbl drilling locations, according to Enverus, highlighting expanding low-cost inventory alongside emerging development sequencing risks. SourceContinue Reading
The U.S. and Iran are moving toward further negotiations to extend a fragile ceasefire, even as tensions over the Strait of Hormuz continue to disrupt global oil flows and keep markets on edge. SourceContinue Reading
EIG has launched a new geothermal investment fund to support mid-stage project development in the U.S., aiming to accelerate next-generation geothermal power and subsurface energy growth. SourceContinue Reading
Senegal is advancing its hydrocarbon strategy through regulatory reforms and expanding oil and gas production, while developing gas-to-power infrastructure to support long-term energy growth. SourceContinue Reading
