The Hibernia platform has reported its second potentially fatal safety incident since May after a worker was injured by falling casing during drilling operations, prompting continued oversight by Canada’s offshore energy regulator. SourceContinue Reading

bp has agreed to bring Türkiye Petrolleri (TPAO) into its Kirkuk redevelopment project in Iraq through the acquisition of a 15% interest in BP Energy Company of Kirkuk, expanding the partnership to advance production from several of the country’s largest oil and gas fields. SourceContinue Reading

Kistos maintained its 2026 production guidance after a strong first half, with Balder development progressing through new drilling, an FPSO upgrade and reserves growth following sanction of the Balder Next project. SourceContinue Reading

President Trump said he wants to avoid further escalation with Iran as negotiations continue over reopening the Strait of Hormuz, keeping global oil markets focused on the region’s critical shipping corridor. SourceContinue Reading

PetroChina is reportedly weighing the sale of part of its stake in LNG Canada to help finance the project’s planned Phase 2 expansion, as growing geopolitical tensions reinforce demand for new LNG export capacity. SourceContinue Reading

Eni and TotalEnergies have approved development of the Cronos gas field offshore Cyprus, paving the way for the country’s first gas production and a new LNG export route to Europe through existing infrastructure in Egypt. SourceContinue Reading

Baker Hughes has secured a major LNG technology order for Venture Global’s CP2 expansion project in Louisiana, supplying liquefaction equipment that will support the next phase of U.S. LNG export capacity. SourceContinue Reading

Talos Energy has agreed to acquire a 50% working interest in Repsol-operated Block 29 offshore Mexico, adding more than 200 MMboe of gross recoverable resources across the Polok and Chinwol discoveries as the partners target a final investment decision in 2027. SourceContinue Reading

TotalEnergies has appealed a French court ruling in a climate-related duty of vigilance case, arguing that climate change falls outside the scope of the country’s corporate vigilance law and that companies cannot be held responsible for how customers use their products. SourceContinue Reading

Macquarie analysts say the global oil market could return to oversupply before year-end if tensions between the U.S. and Iran ease, allowing Middle East crude exports to recover and putting renewed downward pressure on oil prices. SourceContinue Reading