News

OPEC+ to boost oil production 206,000 bpd as Iran conflict threatens supply

March 01, 2026

OPEC+ will add 206,000 bpd of oil production in April as Middle East tensions escalate following strikes on Iran, raising concerns over potential disruptions to Strait of Hormuz crude flows.

Oil tankers attacked near Strait of Hormuz as Iran conflict disrupts shipping

March 01, 2026

Oil markets on edge after Trump strike on Iran threatens Hormuz flows

March 01, 2026

Equinor explores sale of offshore Angola assets as Brazil and U.S. output grows

February 27, 2026

Venezuela cancels Halliburton asset sale after U.S. intervention to support oil sector restart

February 27, 2026

UK/UKCS

Bilfinger awarded UK North Sea maintenance contracts with Ithaca Energy, Wood

February 27, 2026

PDVSA, African Energy Chamber sign MoU to boost oil and gas investment

February 27, 2026

Aramco starts up Jafurah, eyes 80% gas capacity growth by 2030

February 26, 2026

EWTC appoints Kyle Chapman and Daniel Watson to advisory board

February 26, 2026

Guyana president to open OTC 2026 in Houston as offshore investment surges

February 26, 2026

bp ramps up shale drilling, targets 650,000 boed output by 2030

February 26, 2026

Greenland Energy advances 2026 Arctic drilling campaign with logistics agreement

February 26, 2026

INNIO to acquire Enerflex APAC aftermarket oil and gas service operations

February 26, 2026

UK weighs early end to North Sea windfall tax amid talks with oil and gas producers

February 26, 2026

U.S. Onshore

Diversified Energy to acquire East Texas natural gas assets for $245 million

February 26, 2026

Reed Bank gas development in South China Sea hinges on foreign partnership

February 25, 2026

Angola’s Sonangol advances IPO plans despite privatization program delays

February 25, 2026

MCM Energy grows Permian position with Battalion asset purchase and new financing

February 25, 2026

Hephae Energy appoints Andy Bruce as president to support geothermal drilling commercialization

February 25, 2026

Halliburton launches geothermal magnetic ranging and well intercept service

February 25, 2026