Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal
Oil prices rose Tuesday as U.S. President Donald Trump said that the ceasefire with Iran was on life support after…
Europe
Norway gives its blessing for $1.8 billion subsea redevelopment project
ConocoPhillips Skandinavia, a subsidiary of the U.S. energy giant ConocoPhillips, has made inroads in clearing regulatory requirements for its redevelopment…
Europe
AGR to Operate Offshore Support Vessel for P&A and decom work
11 May 2026 – AGR, a multidisciplinary consultancy specialising in wells, reservoirs, marine and subsea solutions, has entered into a…
Australia
Albanese government announces major changes to gas policy amid global energy shortage
East Coast fuel reserve announced Will force companies to keep 20 per cent The Albanese government will force energy giants…
South America
Weatherford awarded MPD contract for Ventura Offshore’s SSV Victoria in Brazil
Weatherford secured a managed pressure drilling contract from Ventura for the semisubmersible SSV Victoria, which is scheduled to operate in…
Africa
Vaalco Energy Expands Egypt Drilling in Q2 2026
Vaalco Energy, the US-based operator, said it began a six‑well drilling program in Egypt in the second quarter of 2026.…
Middle East
World’s largest oil company reports 25% profit jump as exports via Saudi Arabia’s East-West Pipeline bypass Strait of Hormuz closure
Aramco, the world’s largest oil company, reported Sunday that its first quarter profits jumped 25% over last year, as it…
Africa
Angola’s First New Refinery in 50 Years Ships Its First Fuel Cargoes
The Cabinda oil refinery in Angola, the first that was built in the country since it gained independence from Portugal…
Middle East
Oil Tankers Go Dark to Exit the Strait of Hormuz
Three supertankers laden with crude oil successfully exited the Strait of Hormuz last week, carrying Iraqi and Emirati oil, Reuters…
Europe
TGS on ultra-high resolution OBN mission in US Gulf
Norwegian energy data and intelligence provider TGS has landed a new assignment in the United States (U.S.), which will enable…
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