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World Oil News
Valeura has chartered a jackup drilling rig for a three-year term to support development and exploration drilling across its Gulf of Thailand assets through 2029. Source
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LUFKIN has launched an updated version of its SROD software, enabling faster rod lift design, improved well performance analysis, and enhanced efficiency for artificial lift systems. Source
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Iran intensified pressure on shipping in the Strait of Hormuz, with gunboats firing on commercial vessels while its own oil tankers moved beyond the chokepoint, testing a U.S.-enforced blockade. Source
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EnerMech has secured a multi-year contract to deliver integrated topside process, maintenance and integrity services across offshore assets in the UK Continental Shelf. Source
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Valeura has chartered a jack-up drilling rig for a three-year term to support development and exploration drilling across its Gulf of Thailand assets through 2029. Source
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Empowering Pumps & Equipment and Gulf Energy Information partner to launch an event focused on operators and engineers working with flow systems across oil and gas, refining, petrochemical, and water. Source
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Santos is restructuring its Australia and Papua New Guinea upstream operations to cut costs and improve efficiency as the company shifts focus from growth to profitability. Source
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Seadrill has secured new U.S. Gulf contracts for its West Neptune and West Vela drillships, adding $260 million to backlog and reinforcing ultra-deepwater activity in the region. Source
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Eni’s 5-Tcf Geliga discovery offshore Indonesia adds significant new gas volumes and reinforces the Kutei basin’s role as a key growth hub for LNG supply and deepwater development. Source
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A last-minute extension of the Iran ceasefire has not eased tensions in global energy markets, with the U.S. maintaining its blockade of the Strait of Hormuz after negotiations with Tehran collapsed. Source
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