Grandweld Shipyards will design and build two advanced offshore support vessels for Saudi Arabia’s Bahri Logistics, strengthening offshore logistics capabilities at Ras Tanura Port and supporting operations across the Kingdom’s energy sector. SourceContinue Reading
Australia’s Northern Territory has approved land for a proposed $28 billion AI data center development that would be powered by natural gas from the Beetaloo basin, highlighting growing demand for gas-fired generation to support hyperscale computing and AI infrastructure. SourceContinue Reading
Oil prices climbed toward $95/bbl as escalating U.S.-Iran hostilities, tanker attacks in the Strait of Hormuz, Red Sea shipping threats and disruptions to Kazakhstan’s crude exports heightened concerns over global oil supplies and market volatility. SourceContinue Reading
Fluxus Oil, Gas & Energy has acquired a stake in Venezuela’s Petrororaima joint venture through the purchase of A&B Oil and Gas, targeting production growth in the Orinoco Heavy Oil Belt as upstream investment and sanctions relief drive renewed activity in the country. SourceContinue Reading
Capstone Energy+ will supply a C600S microturbine to Maurel & Prom’s onshore asset in Gabon, converting recovered associated gas into on-site power under a 36-month Energy-as-a-Service lease while supporting flare gas reduction and remote oilfield operations. SourceContinue Reading
Velesto Energy has secured a $51 million integrated rig, drilling and completion (i-RDC) services contract from Chevron Malaysia to support the 2026–2028 North Malay Basin Full Field Development campaign using the NAGA 8 jackup rig offshore Malaysia. SourceContinue Reading
TGS has launched Phase 2 of its Orphan Basin 3D seismic reprocessing project offshore Newfoundland and Labrador, applying advanced depth imaging technologies to enhance prospect evaluation across 13,300 km² of one of Canada’s most prospective offshore exploration regions. SourceContinue Reading
Halliburton has secured a long-term agreement with Kuwait Oil Company to help develop the Ahmadi Innovation Valley, an upstream R&D center focused on AI, digital technologies and solutions for brownfield, greenfield and unconventional oil and gas assets. SourceContinue Reading
Afreximbank has approved a $200 million financing facility to support Shoreline Power Company and Arkad SpA’s participation in the $980 million Hassi Bir Rekaiz Phase 2a field development project in Algeria, which is expected to increase production to as much as 60,000 bopd. SourceContinue Reading
Chevron has shut in production at its Petronius facility in the Gulf of America and evacuated all associated personnel to shore as Tropical Storm Bertha approaches the northern Gulf Coast. SourceContinue Reading
