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…
Europe
Norway’s Oil Export Earnings Surge 68% Amid Iran War
Norway’s crude oil export earnings surged 67.9% year-on-year in March to a record 57.4 billion kroner ($6.1 billion), primarily driven…
North America
Oil Prices Steady as Traders Balance Diplomatic Progress With Physical Shortages
Oil prices were flat in early Asian trade on Thursday as tentative signs of diplomatic progress between Washington and Tehran…
Middle East
Iran Showing Signs of Capitulating Over Strait Of Hormuz
Iran may halt its own oil shipments through the Strait of Hormuz for several days. Tehran is weighing a short-term…
Middle East
Kuwait’s HEISCO reports formal award of $565mln KOC flowlines contract
Kuwait’s Heavy Engineering Industries & Shipbuilding Co. K.S.C (HEISCO) announced on Sunday that it has received a formal contract award…
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