News

Oil sinks as possible U.S.-Iran deal raises hopes for Hormuz reopening

May 06, 2026

Oil and gas prices fell sharply after reports that the U.S. and Iran are nearing a deal that could reopen the Strait of Hormuz and ease global supply disruption.

Equinor starts Eirin gas production, boosting North Sea exports to Europe

May 06, 2026

OPEC output falls to 36-year low as Iran war cuts Gulf supply

May 06, 2026

Halliburton, Shape Digital target production optimization with AI asset management

May 06, 2026

Deepwater

Baker Hughes, Strohm partner on ultra-deepwater hybrid flexible pipe technology

May 05, 2026

Weatherford wins MPD contracts with Noble for deepwater drilling operations

May 05, 2026

Harbour Energy clears path for Waldorf acquisition after UK court ruling

May 05, 2026

Expro to acquire Enhanced Drilling for $215 million, expands MPD capability

May 05, 2026

Shell, INEOS advance tieback opportunities near Appomattox hub

May 05, 2026

U.S. says Iran ceasefire holds despite Hormuz clashes, vessel attacks

May 05, 2026

SES to connect seven Petrobras FPSOs with O3b mPOWER network

May 05, 2026

Norway launches APA 2026 licensing round, adds 70 exploration blocks

May 05, 2026

Subsea tiebacks’ reliability proves popular

May 05, 2026

Trump puts Hormuz reopening mission on hold amid escalation risk

May 05, 2026

Portugal plans windfall tax on energy firms as Iran war drives prices higher

May 05, 2026

Equinor commits $1.6 billion to drilling activity on Norwegian Continental Shelf

May 04, 2026

Helix sells shallow water abandonment unit for $107.5 million, shifts focus to deepwater

May 04, 2026

Permian land firm EagleRock launches IPO targeting up to $400 million

May 04, 2026

Unique Group expands subsea mechanical capabilities for decommissioning

May 04, 2026

South Sudan declines to renew Oranto’s Block B3 exploration license

May 04, 2026

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