Oil prices are on track for a third consecutive weekly loss as global oversupply forecasts and renewed US-China trade tensions weigh on market sentiment. Brent crude traded near $60 a barrel, with analysts citing slowing demand growth and rising inventories as key factors. SourceContinue Reading

GeoPark has finalized its acquisition of the Loma Jarillosa Este and Puesto Silva Oeste blocks from Pluspetrol in Argentina’s Vaca Muerta formation, marking its formal entry as operator in one of South America’s most productive unconventional oil regions. SourceContinue Reading

The 2025 Gulf Energy Information Excellence Awards in Houston honored this year’s upstream innovators, including SLB, Saudi Aramco, Halliburton, ExxonMobil, Baker Hughes, Oil States, NOV and Reliance Industries. Winners were recognized for advancements in deepwater and drilling technologies, digital transformation, completions and more. SourceContinue Reading

The 2025 Gulf Energy Information Excellence Awards® was held on Thursday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders. SourceContinue Reading

Suriname is rapidly rising as the Caribbean’s next major oil and gas hub, driven by deepwater discoveries in the Guyana–Suriname basin. The nation anticipates first production in 2028 and new investments by TotalEnergies, APA, and Petronas. SourceContinue Reading

Equinor and partners ExxonMobil, Petrogal Brasil, and PPSA have started production from the Bacalhau field in Brazil’s Santos basin. With recoverable reserves exceeding 1 billion boe and a 220,000 bpd FPSO, Bacalhau is Equinor’s largest international project. SourceContinue Reading

Perenco CEO Armel Simondin says the independent producer plans to expand into new countries to secure resources and sustain 500,000 bpd of production. The company will maintain $2 billion in annual investment, focus on mature oil fields in Africa, and grow natural gas output through projects like Gabon’s barge-mounted LNG plant. SourceContinue Reading

India’s foreign ministry said it was unaware of any conversation between Prime Minister Narendra Modi and President Donald Trump after the U.S. leader claimed Modi had agreed to stop Russian oil purchases. Despite U.S. pressure and new tariffs, India maintains it will continue buying Russian crude. SourceContinue Reading

Halliburton and Aker BP have completed the first umbilical-less tubing hanger installation on the Norwegian continental shelf using Halliburton’s eROCS digital control system and Optime Tubing Hanger Orientation System. SourceContinue Reading

Global energy and marine consultancy ABL has secured a new contract from India’s Oil and Natural Gas Corporation Limited (ONGC) to oversee rig moving operations across Indian waters between September 2025 and May 2026. SourceContinue Reading