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…
Europe
Equinor Sees Omega South Find as Subsea Tieback
Operator started planning the development before it made its latest North Sea discovery. Equinor plans to rapidly develop its latest…
South America
Venezuela’s Gas Potential Could Overshadow Its Famous Oil Reserves
Following the United States intervention in Venezuela on 3rd January, which brought an end to President Nicolás Maduro’s 13-year dictatorship,…
Asia
Iran war: Oil suffers biggest one-day gain in six years as stocks plunge
Ongoing uncertainty could also mean the Bank of England is less likely to cut interest rates – with markets now…
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