President Trump has invoked the Defense Production Act to accelerate U.S. oil, gas and infrastructure development, signaling a major push to boost domestic supply amid global disruption. SourceContinue Reading
Griffon Marine has sold its BHT-130 series hovercraft Solent Express to Caspian Offshore Construction (COC), where the vessel will support oil and gas operations in the North Caspian Sea. SourceContinue Reading
Ghana is advancing a $3.5 billion investment drive to boost offshore oil and gas development, alongside broader plans to expand renewables and explore nuclear power. SourceContinue Reading
Sable Offshore is ramping production at its Santa Ynez Unit and targeting new output in 2026, while advancing refinancing plans and pursuing legal claims tied to its California operations. SourceContinue Reading
TGS has secured a three-year extension for its ocean bottom node (OBN) seismic acquisition contract in the Gulf of America/Mexico, supporting ongoing offshore exploration and development activity. SourceContinue Reading
President Donald Trump said a ceasefire extension with Iran is unlikely, with the Strait of Hormuz set to remain blocked, raising concerns over global oil supply and market volatility. SourceContinue Reading
Eni and Repsol have reached an agreement to expand Venezuela’s offshore Perla gas field, targeting LNG exports by 2031 as production ramps up and sanctions ease. SourceContinue Reading
Kuwait has declared force majeure on oil and refined product shipments as the Strait of Hormuz blockade disrupts export flows, highlighting the growing impact of the Middle East conflict on global energy markets. SourceContinue Reading
As Iran again closes the Strait of Hormuz after a brief reopening, energy analyst Arjun Murti tells World Oil that markets may be misreading the situation, with no clear “open” or “closed” outcome in sight. SourceContinue Reading
Op-Ed: Africa’s energy transition will depend on governance, investment and continued oil and gas development, according to industry commentary on balancing growth and decarbonization. SourceContinue Reading
