South America2 months agoColombia’s Energy Crisis Deepens as Oil Output Falls and Imports RiseFiscally stressed Colombia is facing multiple crises that possess the potential to derail a vulnerable economy. Oil and natural gas…
Africa2 months agoFULL LIST: Top 10 largest refineries in Africa 2026Africa’s oil market in 2026 reflects a blend of vast resource potential and persistent structural inefficiencies, as the continent continues…
South America2 months agoPetrobras gives out $56 million contract extension to Solstad CSVA construction support vessel (CSV) owned by Solstad Maritime (SOMA) has secured a two-year contract extension worth approximately $56 million…
Africa2 months agoBp to Buy Interest in Three Offshore Namibian Blocks as Shift to Oil and Gas SharpensBP to Acquire 60% Stake in Three Offshore Oil Blocks in Namibia from Eco Atlantic BP’s Strategic Expansion in Namibia’s…
Europe2 months agoSale of Petrofac Asset Solutions to CB&I CompletesPetrofac confirms that the sale of its Asset Solutions business to CB&I has successfully completed. CB&I has made a separate…
North America2 months agoCB&I Completes Acquisition of Petrofac Asset Solutions BusinessCB&I today announced the completion of an asset sale agreement, previously announced on December 24, 2025, to acquire Petrofac’s Asset…
North America2 months agoOccidental discovers oil at Bandit prospect in U.S. GulfOccidental Petroleum (Oxy) has reported an oil discovery at the Bandit prospect in the U.S. Gulf of America/Mexico, encountering oil-bearing…
Middle East2 months agoOil Prices Rise as Iran Signals Hormuz ClosureIran has reportedly closed the Strait of Hormuz again, less than 24 hours after agreeing to a ceasefire deal with…
Middle East2 months agoEmpty ships and shut wells: Why the Iran war oil crisis is not over yetThe US-Israel war on Iran has removed hundreds of millions of barrels from oil markets. After 40 days of fighting,…
Europe2 months agoONE-Dyas boosts North Sea gas output to 1 Bcm/year with second N05-A wellONE-Dyas has started production from a second well at its N05-A platform in the North Sea, increasing total output at…
