U.S. Vice President JD Vance will meet with oil industry executives at the American Petroleum Institute as fuel prices surge following the Iran conflict, with discussions expected to focus on supply, production and market stabilization efforts. SourceContinue Reading
Saudi Aramco has restarted operations at its 550,000-bpd Ras Tanura refinery after a drone-related shutdown, restoring a key supply hub as Gulf energy infrastructure remains under pressure from ongoing regional conflict and shipping disruptions. SourceContinue Reading
IMI will supply ultra-high-pressure control valves for a North Sea offshore project, supporting chemical injection systems operating above 600 bar and enabling precise pressure control and flow assurance in severe service conditions. SourceContinue Reading
Baker Hughes has secured a long-term services agreement with Petrobras to support up to 64 aeroderivative gas turbines across Brazil’s offshore FPSO fleet and a major refinery, strengthening reliability and local supply chain capabilities. SourceContinue Reading
Eni has taken final investment decisions on two deepwater gas hub developments offshore Indonesia, targeting production of up to 2 Bcf/d and 90,000 bpd of condensate, supporting domestic supply and LNG exports via existing infrastructure. SourceContinue Reading
Iran has warned that oil and gas infrastructure across the Gulf could become targets following a strike on the South Pars gas field, raising concerns over regional supply disruptions and escalating risks to global energy markets. SourceContinue Reading
Iran has intensified drone attacks on Saudi Arabia, targeting key oil-producing regions and raising concerns over potential disruptions to Gulf energy infrastructure, shipping routes and global oil supply amid escalating regional conflict. SourceContinue Reading
IOG Resources III has launched a $125-million joint development partnership to fund an 18-well Niobrara drilling program in Wyoming’s Powder River basin, marking the platform’s first investment and expanding activity in a key U.S. shale play. SourceContinue Reading
SLB OneSubsea has secured an integrated EPC contract from CNOOC to deliver subsea production systems for the Kaiping 18-1 deepwater field in the South China Sea, supporting a 20-well development using standardized subsea technologies. SourceContinue Reading
