Expro has introduced a single-valve shear-and-seal system designed to simplify subsea well access, reduce operational complexity and support intervention and plug-and-abandonment operations offshore. SourceContinue Reading
Oil production growth in South America will continue to be driven by Brazil, Guyana and Argentina through at least 2030, with Venezuela’s recovery constrained by project economics, crude quality and investment risk, according to Rystad Energy. SourceContinue Reading
Mexico’s state oil company Pemex has reduced its debt to an 11-year low after receiving more than $40 billion in government support, as President Claudia Sheinbaum looks to revive oil production, attract private investment and stabilize aging upstream assets. SourceContinue Reading
Equinor expects oil production from the Johan Sverdrup field — the North Sea’s largest producing asset — to decline by 10% to 20% in 2026, marking a turning point for one of Europe’s most important sources of supply growth. SourceContinue Reading
Natura Resources and NGL Energy Partners are evaluating nuclear-powered desalination to treat produced water at scale in the Permian basin, addressing disposal and reuse challenges. SourceContinue Reading
Westwood has launched MarineLogix, a new offshore vessel intelligence platform designed to track utilization, availability and performance across more than 10,000 offshore vessels worldwide, supporting decision-making in offshore oil and gas, offshore wind and related marine markets. SourceContinue Reading
Akrake Petroleum has completed drilling of the AK-2H horizontal production well at the Sèmè field offshore Benin, encountering oil-saturated sandstone with no water contact and reservoir quality in line with expectations. SourceContinue Reading
TotalEnergies and Kuwait Oil Company have signed a memorandum of understanding to strengthen technical cooperation and advance studies related to potential exploration opportunities in Kuwait. SourceContinue Reading
The U.S. government is preparing to issue a general license to allow companies with U.S. ties to restart oil production in Venezuela, easing sanctions and supporting revival of the country’s upstream sector. SourceContinue Reading
Tenaris has secured new contracts supporting Phase 3 development of Türkiye’s Sakarya gas project, one of the Black Sea’s most technically demanding ultra-deepwater fields. The awards advance drilling, flow assurance and production infrastructure as the project moves toward scaled offshore gas output in water depths exceeding 2,000 m. SourceContinue Reading
