OPEC oil output fell by nearly 8 million bpd in March, the largest drop on record, as the Iran war and Strait of Hormuz disruption curtailed exports from key Gulf producers. SourceContinue Reading
CoreMarine and Jumbo Offshore have secured a contract to install soft-yoke mooring systems and perform hook-up of FLNG vessels offshore Argentina, supporting the country’s growing gas export infrastructure. SourceContinue Reading
ABL and Petroleum Marine Services (PMS) have signed an MoU to provide offshore rig moving, marine assurance and risk services in Egypt, supporting drilling operations in the Red Sea and Gulf of Suez. SourceContinue Reading
TotalEnergies and TPAO have signed an exploration MoU to jointly assess oil and gas opportunities in Türkiye’s Black Sea and international regions, expanding collaboration in offshore exploration. SourceContinue Reading
Türkiye has launched its first overseas offshore drilling campaign, deploying the Çağrı Bey drillship to drill the Curad-1 ultra-deepwater well offshore Somalia, targeting a potential oil discovery. SourceContinue Reading
TotalEnergies is advancing a major Africa project pipeline, including Congo oil developments, Mozambique LNG restart and Namibia exploration, positioning for production growth through 2026. SourceContinue Reading
The U.S. Department of Energy has loaned 8.5 million barrels of crude from the Strategic Petroleum Reserve in a second release aimed at stabilizing oil markets amid supply disruptions tied to the Iran war. SourceContinue Reading
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
