Saudi Arabia said attacks on key oil and gas infrastructure, including the East-West pipeline, disrupted production and exports, cutting output capacity by more than 600,000 bpd and tightening global supply. SourceContinue Reading
Ovintiv has closed the $3 billion sale of its Anadarko Basin assets in Oklahoma, with proceeds expected to reach $2.85 billion and support debt reduction and portfolio optimization. SourceContinue Reading
Subsea7 has secured a SURF contract worth at least $1.25 billion for Petrobras’ Sépia 2 pre-salt development in Brazil’s Santos basin, covering engineering, procurement, installation and pre-commissioning for 17 wells. SourceContinue Reading
DTEK Oil&Gas and Baker Hughes have signed an MOU to increase natural gas production in Ukraine, combining advanced technology and local expertise to strengthen domestic supply and European energy security. SourceContinue Reading
ConocoPhillips has sent a team to Venezuela to evaluate potential oil and gas opportunities, signaling renewed interest in the country’s vast reserves as U.S. companies assess a possible return after years of asset seizures. SourceContinue Reading
Oil flows through the Strait of Hormuz are expected to recover slowly following the U.S.-Iran ceasefire, with millions of barrels stranded in the Gulf and shipping, insurance and geopolitical risks continuing to limit transit. SourceContinue Reading
CB&I has completed its acquisition of Petrofac’s Asset Solutions business, adding operations, maintenance, wells and decommissioning services to expand its global energy services portfolio. SourceContinue Reading
MaverickX has opened a new production facility in Pleasanton, Texas, scaling output of its PetroX chemical solutions used for enhanced oil recovery, water treatment and critical mineral extraction across oil and gas operations. SourceContinue Reading
Egypt has agreed to purchase the full output of Cyprus’ Aphrodite gas field under a long-term deal, securing future supply as domestic production declines and demand continues to rise. SourceContinue Reading
Occidental has reported an oil discovery at the Bandit prospect in Green Canyon Block 680 in the U.S. Gulf, encountering oil-bearing Miocene sands with potential for subsea tieback development. SourceContinue Reading
