Emerson has launched the AspenTech AVA industrial AI platform, designed to help industrial operators accelerate enterprise AI adoption through AI-assisted workflows, operational decision support and real-time industrial data integration. SourceContinue Reading
Seadrill added more than $860 million to its offshore drilling backlog during first-quarter 2026, driven by new deepwater rig awards in Brazil, the U.S. Gulf and Angola as the company raised its full-year outlook amid strengthening offshore demand. SourceContinue Reading
DOF Group ASA has secured nearly $2 billion in long-term Petrobras contracts for four new ROV support vessels supporting subsea inspection, maintenance and repair operations in Brazil’s deepwater offshore market. SourceContinue Reading
IEA Executive Director Fatih Birol warned that the Iran war and prolonged Strait of Hormuz closure may permanently undermine confidence in one of the world’s most critical oil and LNG shipping routes, with major implications for global energy markets, inflation and economic growth. SourceContinue Reading
Saudi Aramco reported stronger first-quarter earnings as the company relied on its East-West Pipeline and export infrastructure to help offset disruptions tied to the Strait of Hormuz crisis. SourceContinue Reading
Saudi Aramco reported stronger first-quarter earnings as the company relied on its East-West Pipeline and export infrastructure to help offset disruptions tied to the Strait of Hormuz crisis. SourceContinue Reading
Nigeria has captured 40% of Africa’s upstream final investment decisions following energy sector reforms aimed at improving fiscal terms, contracting speed and regulatory clarity. SourceContinue Reading
Venezuela renewed its territorial claim over Guyana’s oil-rich Essequibo region at the International Court of Justice as offshore developments led by ExxonMobil remain central to the dispute. SourceContinue Reading
Africa’s vast natural gas reserves are increasingly being viewed as a potential foundation for AI and data center growth, as rising digital infrastructure demand intensifies the need for reliable baseload power across the continent. SourceContinue Reading
INA and MOL Group held talks with the Syrian Petroleum Company on restarting oil and gas operations in Syria, including assessments of infrastructure, field conditions and regulatory requirements. SourceContinue Reading
