Oil Prices Surge After U.S. Seizes Iranian Vessel Near Hormuz
Oil prices climbed sharply in early Asian trade on Monday, as the U.S. Navy intercepted an Iranian vessel it accused…
Europe
North Sea energy firm to close HQ with 100 jobs at risk
Spirit Energy said 50 staff would be moved to a smaller office in Aberdeen Around 100 jobs are at risk…
Europe
Scotland’s renewable energy supply chain in the spotlight as 2026 awards shortlist revealed
The premier celebration of Scotland’s clean energy supply chain has revealed its eagerly anticipated 2026 shortlist With 34 nominees across…
Middle East
IEA Chief Says Oil, Gas Recovery Could Take Two Years After War Damage
It could take up to two years to restore a meaningful share of oil and gas production lost in the…
Africa
Oando JV Provides Critical Gas Supply to Power Bayelsa’s New 60MW IPP
Oando Plc yesterday announced that its upstream Joint Venture (JV) with NNPC E&P Limited (NEPL), the NEPL/Oando JV, has supported…
North America
USA Crude Oil Stocks Drop Almost 1MM Barrels WoW
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 0.9 million barrels from the…
South America
Transocean Ltd. Announces $425 Million Additional Backlog for Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, April 14, 2026 — Transocean Ltd. (“Transocean”) today announced that the Deepwater Corcovado was awarded a 1,156-day contract…
Middle East
Saipem wins $400 million Aramco offshore EPCI contracts at Safaniya field
Saipem has been awarded two offshore contracts by Aramco worth a combined $400 million to support development work at the…
Europe
bp CEO Meg O’Neill moves to simplify structure, refocus on upstream-downstream model
bp Plc’s new Chief Executive Officer Meg O’Neill is restructuring the company and consolidating its leadership, moving quickly to fulfill…
South America
Repsol Returns to Venezuela With Ambitious Production Growth Plan
Spain’s Repsol will return to Venezuela after it signed a new deal with the Venezuelan government, with plans to increase…
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