Iranian state media reported that maritime traffic through the Strait of Hormuz could return to normal within a month of a proposed U.S.-Iran interim agreement, easing concerns across global oil and LNG markets. SourceContinue Reading
Former bp chairman Albert Manifold said he was removed without warning or explanation after the company cited governance and conduct concerns, escalating leadership turmoil at the oil major. SourceContinue Reading
ExxonMobil and ConocoPhillips are negotiating potential re-entry into Venezuela’s upstream sector while seeking stronger investment protections, contract stability and mechanisms to recover billions tied to past nationalizations. SourceContinue Reading
SBM Offshore has received an ABS Statement of Maturity for its seawater intake riser technology, a system designed to improve FPSO cooling efficiency and reduce fuel gas consumption and emissions in offshore operations. SourceContinue Reading
Oil prices rebounded as renewed military tensions between the U.S. and Iran complicated negotiations aimed at reopening the Strait of Hormuz, prolonging uncertainty across global crude and LNG markets. SourceContinue Reading
SBM Offshore has received an ABS Statement of Maturity for its seawater intake riser technology, a system designed to improve FPSO cooling efficiency and reduce fuel gas consumption and emissions in offshore operations. SourceContinue Reading
Northern Oil and Gas has entered the Canadian upstream sector through the acquisition of a 25% stake in Duvernay light oil assets in Alberta, expanding its unconventional shale portfolio with long-term drilling inventory and joint development plans. SourceContinue Reading
Horizon Petroleum is preparing to begin operations at its Lachowice gas development in southern Poland, targeting first production and initial cash flow from the project in 2027. SourceContinue Reading
ABL will support Esso Australia’s Bass Strait offshore decommissioning campaign, a project targeting removal of up to 13 aging offshore platforms as part of Australia’s largest offshore abandonment effort. SourceContinue Reading
bp has removed Chair Albert Manifold with immediate effect following governance oversight and conduct concerns raised by the company’s board, naming Ian Tyler as interim chair while a permanent successor search begins. SourceContinue Reading
