TotalEnergies and TPAO have signed an exploration MoU to jointly assess oil and gas opportunities in Türkiye’s Black Sea and international regions, expanding collaboration in offshore exploration. SourceContinue Reading
Türkiye has launched its first overseas offshore drilling campaign, deploying the Çağrı Bey drillship to drill the Curad-1 ultra-deepwater well offshore Somalia, targeting a potential oil discovery. SourceContinue Reading
TotalEnergies is advancing a major Africa project pipeline, including Congo oil developments, Mozambique LNG restart and Namibia exploration, positioning for production growth through 2026. SourceContinue Reading
The U.S. Department of Energy has loaned 8.5 million barrels of crude from the Strategic Petroleum Reserve in a second release aimed at stabilizing oil markets amid supply disruptions tied to the Iran war. SourceContinue Reading
President Trump said the U.S. will move to blockade the Strait of Hormuz after failed Iran talks, raising major risks to global oil and LNG flows through the critical energy chokepoint. SourceContinue Reading
INNIO and Rehlko have signed a 1.25-GW gas engine supply agreement to support growing demand from data centers and flexible power generation projects across global markets. SourceContinue Reading
A processing unit at the Aramco-TotalEnergies SATORP refinery has been shut down following damage linked to the Middle East conflict. While no injuries were reported, the extent of the outage and its potential impact remains under review. SourceContinue Reading
Saudi Arabia said attacks on key oil and gas infrastructure, including the East-West pipeline, disrupted production and exports, cutting output capacity by more than 600,000 bpd and tightening global supply. SourceContinue Reading
Ovintiv has closed the $3 billion sale of its Anadarko Basin assets in Oklahoma, with proceeds expected to reach $2.85 billion and support debt reduction and portfolio optimization. SourceContinue Reading
Subsea7 has secured a SURF contract worth at least $1.25 billion for Petrobras’ Sépia 2 pre-salt development in Brazil’s Santos basin, covering engineering, procurement, installation and pre-commissioning for 17 wells. SourceContinue Reading
