Sierra Leone is promoting its offshore oil and gas potential to investors ahead of a new licensing round, highlighting deepwater exploration opportunities and growing interest in West Africa’s emerging upstream sector. SourceContinue Reading

Saudi Arabia is ramping crude exports from its Yanbu terminals on the Red Sea, targeting 5 MMbpd as it diverts flows away from the disrupted Strait of Hormuz using the East-West pipeline. SourceContinue Reading

Foresea has secured a $465 million contract from Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, supporting development activity in the Mero field. SourceContinue Reading

Nigeria is fast-tracking permits to revive idle oil wells, cutting approval times to hours as operators move to boost production and capitalize on stronger crude prices. SourceContinue Reading

“You just can’t take 8-to-10 MMbpd off the market, and 20% of LNG supply, and not expect instability,” ConocoPhillips Chairman and CEO Ryan Lance said on Tuesday at CERAWeek by S&P Global, underscoring the scale of the current supply shock hitting global energy markets. SourceContinue Reading

Hedge funds and oil company executives are meeting in Venezuela as the government signals a push to reopen the economy and revive upstream investment, with sanctions relief and PDVSA restructuring key to unlocking production growth. SourceContinue Reading

SBM Offshore has secured FEED contracts for ExxonMobil’s Longtail FPSO offshore Guyana, advancing a major gas-condensate development with high processing capacity and continued expansion of the region’s deepwater production. SourceContinue Reading

Disruptions through the Strait of Hormuz are driving a more persistent inflationary shock, with Brent crude forecast to average $88/bbl in Q2 and recession risks rising, according to EY-Parthenon. SourceContinue Reading

EnerMech has secured a five-year contract to deliver crane management and lifting services on the Kraken FPSO in the UK North Sea, supporting offshore operations with integrated crewing and expanded service scope. SourceContinue Reading

TotalEnergies is exiting U.S. offshore wind and redirecting capital into LNG and gas projects, including Rio Grande LNG, signaling a major shift in investment strategy toward U.S. export capacity and upstream growth. SourceContinue Reading