News

Vår Energi sanctions 86-MMboe Balder development in North Sea

June 18, 2026

Vår Energi has approved the Balder Next New Wells project in the North Sea, a seven-well development targeting 86 MMboe of reserves and supporting long-term production growth through the Jotun FPSO hub.

Middle East

Hormuz reopening gains momentum as tankers resume transit

June 18, 2026

DeepOcean wins bp subsea decommissioning contract at Foinaven field

June 18, 2026

Transocean secures $185 million in offshore drilling contracts

June 17, 2026

Iraq readies tankers, export operations as Hormuz deal approaches

June 17, 2026

U.S. Offshore

Tethered BOP system helps bring shut-in U.S. Gulf well back online

June 17, 2026

DOI settlement redirects $765 million from offshore wind to gas, geothermal projects

June 17, 2026

Trump says U.S.-Iran deal could be signed within days

June 17, 2026

ExxonMobil backs South Africa's first LNG import terminal project

June 17, 2026

IEA cuts 2026 oil demand outlook as Hormuz reopening nears

June 17, 2026

Kosmos closes $127 million Equatorial Guinea asset divestment

June 17, 2026

IPC achieves first oil at Blackrod Phase 1 ahead of schedule

June 16, 2026

Brent falls below $80 as U.S.-Iran deal boosts supply outlook

June 16, 2026

Equinor targets 2.3 MMboed by 2030, boosts oil and gas investment

June 16, 2026

Aker BP expands deployment of AI-powered drilling surveillance technology

June 16, 2026

UAE
People

ADNOC taps industry veteran to lead trading arm expansion

June 16, 2026

MOL joins Repsol, TPAO in Libya offshore exploration project

June 16, 2026

Chevron expands offshore Greece position with stake in Ionian Sea Block 10

June 16, 2026

Condor extends Kumli field with successful K-42 pilot well in Uzbekistan

June 15, 2026

BW Opal FPSO achieves key commissioning milestone at Barossa LNG project

June 15, 2026