Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
President Donald Trump had threatened to destroy Iran's entire civilization if his 8 p.m. ET deadline to reopen the Strait of Hormuz is not met.
Read MessageSLB OneSubsea and Subsea7 have signed a collaboration agreement with PETRONAS Suriname to accelerate offshore subsea developments, enabling early engagement and integrated EPCIC delivery across multiple projects.
Read MessageMalaysia has maintained cordial diplomatic ties with Iran.
Read MessageOil prices closed mixed as traders weighed conflicting signals on Iran and supply risks.
Read MessageEmerson is adding AI capabilities to its Guardian platform, helping oil and gas operators improve automation performance, speed up troubleshooting and maintain reliability across increasingly complex operations.
Read MessageColombia’s Ecopetrol has avoided potential operational disruption after its main oil workers union dropped a strike threat following the CEO’s departure, easing near-term risks to production.
Read MessageNigeria is highlighting renewed upstream investment and production growth ahead of the Invest in African Energy Forum in Paris, as reforms and new projects position the country to attract global oil and gas capital.
Read MessageAker BP has started production from the Symra field offshore Norway nine months ahead of schedule, adding a subsea tieback to the Ivar Aasen platform and supporting continued North Sea production growth.
Read MessageFrom New York to Los Angeles, drivers say they’re driving less, skipping trips and adjusting budgets as gas prices rise.
Read MessageDecom Engineering has secured a U.S. patent for its Chopsaw subsea cutting technology, designed to improve precision, safety and efficiency in offshore decommissioning and infrastructure removal operations.
Read MessageABL has completed marine assurance and transport support for the Northern Endeavour FPSO, overseeing its multi-phase journey from Australia to a recycling facility in Denmark as offshore decommissioning activity continues to expand globally.
Read MessageHunting has secured $63.5 million in subsea orders for a Guyana offshore development, supplying titanium stress joints for FPSO applications as activity continues to ramp up in one of the world’s fastest-growing deepwater regions.
Read MessageU.S. strikes near Iran’s Kharg Island, coupled with President Trump’s threat of wider attacks, are raising fresh concerns over global oil supply as tensions around the Strait of Hormuz persist.
Read MessageEni has discovered an estimated 2 Tcf of gas offshore Egypt, with the Denise W-1 well located near existing infrastructure—positioning the project for fast-track development and reinforcing Eastern Mediterranean supply potential.
Read MessageNorth America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Read MessageThe U.S. attacked military targets across Iran's Kharg Island.
Read MessagePresident Donald Trump threatened Iran with civilizational destruction.
Read MessagePresident Donald Trump said he was in 'heated negotiations' involving the war with Iran.
Read MessageCrude oil and petroleum product prices increased significantly in the first quarter of 2026 (1Q26), particularly following military action in the Middle East on February 28 and the subsequent de facto closure of the Strait of Hormuz. In this quarterly update, we review petroleum markets price developments in 1Q26, covering crude oil prices, petroleum product...
Read MessageThe near closure of the Strait of Hormuz since the war began has led to a historic oil supply shock, which quickly sent global energy prices soaring.
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