Saudi Arabia closes key oil fields as Strait of Hormuz, oil crisis mount
Saudi Arabia has reportedly begun shutting down some of its oil fields and reducing oil production in response to the…
South America
Exclusive: Chevron, Shell closing in on first big oil production deals in Venezuela since US captured Maduro, sources say
International oil majors Chevron, opens new tab and Shell, opens new tab are closing in on the first big oil…
Europe
Archer Secures Long-Term Extension with Norwegian Oil and Gas Firm
Archer has secured a three-year contract extension with a major operator on the Norwegian continental shelf under a long‑term frame…
Australia
Woodside, Pemex Start Drilling for Trion Development Project
Woodside Energy Group Ltd and Petróleos Mexicanos have launched drilling for the Trion field, a Mexican “ultra-deepwater” development that the…
Middle East
Saudi Aramco reveals 2025 profit drop of $12bn
Saudi Aramco announced a fall in net profit for 2025 due to a drop in prices for crude oil and…
Middle East
Chevron Corporation to Suspend Production at Leviathan Gas Field Offshore Israel
Chevron Corporation manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base…
North America
Greenland’s Untested Oil Basin Could Be the Next Big Discovery
The last time the oil industry chased a frontier like this, it changed the map of global energy. In 1968,…
North America
Drilling Rig Industry Report 2025: ADNOC Drilling, Transocean, and Baker Hughes Pushing Technological Boundaries and Strategic Investments – Global Forecast to 2033
The Drilling Rig Market is poised to grow from USD 86.92 billion in 2025 to USD 140.75 billion by 2033,…
Asia
MOL Enters European Offshore Wind CSOV Market
Mitsui O.S.K. Lines (MOL) has agreed to jointly own two commissioning service operation vessels (CSOVs) with Cyprus-based shipping company Schoeller…
Australia
Remote controlled stages and steel wool pigs – ExxonMobil-Woodside JV ‘s plans for decommissioning the Bass Strait
ExxonMobil decom boss gives detailed walk through of the plan A detailed explanation of how the Bass Strait will be…
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