Gulf states and Iran are weighing talks in Oman on restoring shipping through the Strait of Hormuz as disruptions to the critical oil chokepoint continue to constrain regional energy flows. SourceContinue Reading
Energy Holdings and Ventura Offshore have signed an LOI for an all-share combination that would create a roughly $1 billion offshore energy services group with $1.3 billion in contracted revenue backlog. SourceContinue Reading
Saipem and Jan De Nul will begin preliminary work on Rovuma LNG’s offshore development in Mozambique, designed to deliver gas from 18 subsea wells to the planned onshore LNG facility. SourceContinue Reading
North American Blue Energy Partners plans to raise Venezuela oil production from about 200,000 bpd to 500,000 bpd by the end of 2028, though analysts question whether the rapid expansion can be funded and supported by available oilfield services. SourceContinue Reading
Afreximbank is exploring new financing opportunities across Angola’s oil and gas sector after investing nearly $2 billion in the industry, with a focus on expanding local ownership and participation. SourceContinue Reading
Shell will acquire 169 MW of natural gas-fired power generation in Pennsylvania while selling its interests in the 609-MW RISEC gas-fired power plant to Constellation Energy for $715 million. SourceContinue Reading
U.S. crude oil production is forecast to reach a record 13.8 MMbpd in 2026 as higher oil prices support Permian drilling and new Gulf of America projects boost offshore output, according to EIA. SourceContinue Reading
TotalEnergies is fast-tracking its Acacia-5 oil discovery offshore Angola to first production just three months after discovery, while adding two operated exploration blocks in the Lower Congo basin. SourceContinue Reading
