Suriname has opened 60% of its offshore acreage through a new Open-Door Offering aimed at accelerating exploration in the Guiana basin. The program includes flexible licensing options, competitive fiscal terms, and a new GeoPortal providing discounted access to seismic data. SourceContinue Reading
Condor Energies has reached TD on its first horizontal well in Uzbekistan’s Andakli field while two new Jurassic clastics workovers lifted production to nearly 12,000 boed. Early results point to a scalable new gas play as the company prepares for an expanded drilling program in 2026. SourceContinue Reading
A new drilling surge is underway in the U.S. Gulf, as Beacon Offshore starts up record-setting high-pressure wells that could reshape long-term U.S. deepwater production. SourceContinue Reading
South Africa is accelerating domestic gas development and LNG import capacity as declining supplies from Mozambique loom. Minister Gwede Mantashe outlined fast-track plans for the Matola and Richards Bay LNG projects and regulatory reforms to unlock offshore exploration. SourceContinue Reading
UK energy leaders Sir Ian Wood and Martin Gilbert are sounding the alarm on North Sea investment, warning that the windfall tax is accelerating job losses and undermining the region’s world-class offshore talent. SourceContinue Reading
D-Tech has fully commercialized its OmniSteer rotary steerable platform after exceeding one million feet drilled across global basins. The latest generation RSS integrates upgraded digital controls, automated steering algorithms, and a streamlined mechanical design. SourceContinue Reading
Brazil is preparing a COP30 draft agreement that’s expected to omit any fossil fuel transition road map, setting up a major clash with more than 80 nations pushing for clearer commitments to move away from oil and gas. SourceContinue Reading
The U.S. Department of Energy has eliminated key clean-energy and renewable offices as part of a broad Trump administration reorganization, replacing them with new divisions focused on hydrocarbons, geothermal development, and fusion. The shift underscores a major policy pivot toward expanding domestic oil and gas production. SourceContinue Reading
Russia’s Lukoil PJSC has dissolved the supervisory board of its international business as U.S. sanctions take effect, signaling deepening operational and financial strain for the oil producer. The move comes as global buyers examine Lukoil’s overseas assets and trading operations contract under mounting pressure. SourceContinue Reading
Tullow Oil shares collapsed to a record low after the company signaled it may pursue alternative refinancing measures to address upcoming debt maturities. With net debt now expected to reach $1.2 billion, analysts warn that a debt-for-equity swap could severely dilute existing shareholders. SourceContinue Reading
