TotalEnergies is exiting $1 billion in U.S. offshore wind leases and redirecting capital toward LNG and oil investments, signaling a policy-driven shift in energy priorities as Washington pushes for expanded fossil fuel development. SourceContinue Reading

At CERAWeek, ADNOC CEO Sultan Al Jaber warned that disrupting the Strait of Hormuz amounts to “economic terrorism,” as attacks on energy infrastructure and shipping lanes threaten global oil and gas flows and drive market volatility. SourceContinue Reading

Cognite and NVIDIA are deploying NV-Tesseract AI models with Aker BP to enhance anomaly detection and predictive maintenance across offshore operations, enabling earlier fault detection, reduced downtime and improved asset reliability in oil and gas. SourceContinue Reading

Aker BP and Armada will deploy a modular offshore data center on the Norwegian Continental Shelf, enabling real-time AI-driven drilling analytics, improved operational resilience and reduced downtime through localized data processing and edge computing. SourceContinue Reading

McDermott has achieved ISO 50001 certification for three flagship vessels, marking a step forward in offshore energy efficiency and fleet decarbonization as operators push for lower-emissions project execution. SourceContinue Reading

Aramco’s CEO has pulled out of CERAWeek as the Middle East conflict intensifies, highlighting the growing strain on oil supply, export routes and global markets tied to disruptions in the Strait of Hormuz. SourceContinue Reading

Oil prices plunged after President Trump signaled potential talks with Iran, though disruptions in the Strait of Hormuz continue to constrain global supply, keeping markets volatile despite hopes for a near-term de-escalation. SourceContinue Reading

U.S. officials say military operations against Iran are targeting positions near the Strait of Hormuz, a key global oil chokepoint, as escalating conflict raises risks to crude flows and keeps energy markets on edge. SourceContinue Reading

Iraq has declared force majeure on foreign-operated oilfields after Strait of Hormuz disruptions halted crude exports, Reuters reported, forcing sharp production cuts and tightening global supply amid escalating regional conflict. SourceContinue Reading

Brazil President Luiz Inácio Lula da Silva said Petrobras and Pemex could partner on deepwater oil exploration in the Gulf of Mexico, as Mexico seeks to revive production and Petrobras looks to expand internationally. SourceContinue Reading