Namibia is accelerating petroleum law reforms to strengthen investment conditions and support offshore development in the Orange basin as the country moves toward first oil. SourceContinue Reading
Oil shipments through the Strait of Hormuz are slowing as producers and tanker owners clash over who bears transit risk. The standoff is driving freight rates higher and adding pressure to already strained global supply flows. SourceContinue Reading
Transocean has secured a $158 million contract for its Deepwater Asgard drillship in the Eastern Mediterranean, supporting a five-well campaign set to begin in late 2026. The award adds to a wave of recent backlog growth as offshore drilling activity strengthens globally. SourceContinue Reading
Assala has achieved first oil at the Grand N’Gongui field in Gabon, launching a phased development targeting over 10,000 bopd and unlocking significant onshore reserves. SourceContinue Reading
ABL Group and PetroSafe have signed an MoU to enhance offshore and onshore asset integrity, safety and marine assurance services across Egypt’s growing energy sector. SourceContinue Reading
Petrobras shareholders vote on a new board this week as surging oil prices intensify pressure on Brazil’s fuel pricing policy. The outcome could shape how the state-controlled company balances political priorities with market realities. SourceContinue Reading
AMEXHI has backed Mexico’s energy strategy while urging improved competitiveness, regulatory certainty and security to attract oil and gas investment and strengthen energy security. SourceContinue Reading
The U.S. has expanded sanctions targeting an Iranian oil shipping network tied to Hossein Shamkhani, aiming to curb crude exports as tensions in the Strait of Hormuz disrupt global supply. SourceContinue Reading
GoSubsea and Envirent have formed a strategic alliance to combine subsea equipment and ROV tooling rental capabilities, streamlining offshore project execution and improving operational efficiency. SourceContinue Reading
Stena Drilling has secured a contract from Energean to drill the first deepwater exploration well offshore Greece, targeting Block 2 in the Ionian Sea with the Stena DrillMAX rig. SourceContinue Reading
