The U.S. and Iran exchanged a second round of airstrikes as tensions escalated in the Strait of Hormuz, disrupting commercial shipping, delaying LNG operations and raising concerns over global oil supplies. SourceContinue Reading
Eni and Halliburton have completed the industry’s first deployment of integrated closed-loop rig automation and managed pressure drilling on a deepwater exploration well offshore Indonesia, improving drilling efficiency by more than 15%. SourceContinue Reading
The U.S. launched a second day of military strikes on Iran, citing attacks on commercial vessels in the Strait of Hormuz, as renewed conflict heightened concerns over regional energy security and global oil supplies. SourceContinue Reading
Vulcan Completion Products has expanded its presence in Azerbaijan by opening a new office and warehouse in Baku following the extension of a contract with a major operator, strengthening support for oil and gas customers across the Caspian region. SourceContinue Reading
Aquaterra Energy and James Fisher have formed a strategic partnership to deliver integrated offshore decommissioning services, combining front-end engineering, well access, subsea operations and offshore execution for projects worldwide. SourceContinue Reading
Enverus has acquired TGS’ North American well data products business in a deal valued at more than $100 million, adding one of the industry’s largest commercial well log databases while TGS sharpens its focus on offshore geophysical services. SourceContinue Reading
The UK has opened a public consultation on Adura’s Jackdaw gas field as part of the regulatory approval process, marking another step toward production from one of the country’s largest undeveloped North Sea gas projects. SourceContinue Reading
Chevron has signed a technology licensing agreement with ZL Chemicals to commercialize its Vantis™ advanced surfactant technology, designed to improve oil recovery and well performance in shale and tight reservoirs. SourceContinue Reading
ADNOC has signed a strategic collaboration agreement with South Korea’s Ministry of Trade, Industry and Resources to expand long-term crude oil supply, strengthen emergency supply coordination and enhance strategic crude storage cooperation. SourceContinue Reading
Oil prices jumped Wednesday after U.S. President Donald Trump declared that the ceasefire with Iran was effectively over and said the U.S. would “probably” launch additional military strikes, raising the prospect of renewed conflict in one of the world’s most important oil-producing regions. SourceContinue Reading
