Oil prices moved lower Monday as traders assessed the U.S.-Iran agreement to reopen the Strait of Hormuz, with uncertainty remaining over how quickly shipping traffic and crude exports can return to normal. SourceContinue Reading
SLB has launched a digital marketplace designed to help energy companies discover, deploy and scale AI agents, domain models and digital applications, expanding its open platform strategy for energy-focused AI and digital workflows. SourceContinue Reading
AXP Energy has secured the right to earn a 25% interest in Syria’s Block 9 PSC, gaining exposure to a previously explored area of the Palmyride basin as exploration activity resumes in the country’s energy sector. SourceContinue Reading
Innovex has agreed to acquire Norway-based TCO Group for $95 million, adding intervention-free well technology and expanding its presence in key offshore markets including Norway and the UAE. SourceContinue Reading
BW Offshore has completed a key commissioning milestone for the BW Opal FPSO at the Barossa LNG project, advancing the vessel toward Practical Completion and long-term operations offshore Australia. SourceContinue Reading
VAALCO reported initial production exceeding 8,000 bopd its Ebouri-5H well offshore Gabon and continued drilling success in Egypt as the company advances its 2026 development program. SourceContinue Reading
Condor Energies has confirmed a 2.3-km extension of the Kumli NW gas field in Uzbekistan after the successful K-42 pilot well, supporting additional horizontal drilling and continued production growth. SourceContinue Reading
Global Energy Show Canada 2026 (GES) concluded last Thursday, June 12, after bringing together more than 38,000 attendees, 500 exhibitors and delegates from over 100 countries to discuss energy security, investment and the future of global energy development. SourceContinue Reading
A breakthrough agreement between Washington and Tehran aims to restore oil flows through the Strait of Hormuz and restart broader negotiations over Iran’s nuclear program. SourceContinue Reading
The 7,500-ton jacket for Romania’s Neptun Deep project has departed Saipem’s Sardinian shipyard, marking a key milestone for the largest offshore natural gas development currently underway in the European Union. SourceContinue Reading
