Bahrain’s Bapco announces force majeure after drone strike on refinery
Bapco Energies, Bahrain's state-owned energy company, has declared force majeure on its operations, citing the impact of the ongoing regional …
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CADE approves IG4’s acquisition of controlling stake in Braskem
Brazil’s anti-trust regulator, the Administrative Council for Economic Defence (CADE), has approved private equity firm IG4 Capital’s acquisition of a …
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Oil prices surge 15% as Strait of Hormuz disruptions tighten supply
Oil prices jumped around 15% on Monday to their highest point since July 2022 as escalating tensions between the US, …
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Equinor and Wellesley launch joint NCS exploration project
Equinor and Wellesley Petroleum have entered into an agreement to initiate a joint exploration project (JEP) on the Norwegian Continental …
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Petrobras 2025 net income jumps 160% to $19.6bn
Petrobras has reported consolidated net income attributable to its shareholders of $19.6bn for the full year 2025, compared to $7.53bn …
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Shell lands new exploration deals in Venezuela and Kazakhstan
Oil giant Shell has secured new agreements with both Venezuela and Kazakhstan, advancing its oil and gas exploration ventures in …
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Harbour Energy adjusted profit jumps 63% to $603m in 2025
Harbour Energy has reported adjusted profit after tax of $603m for the full year 2025, an increase of 63% compared …
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Oil prices dip as US weighs futures market intervention
Oil prices have decreased for the first time in nearly a week as the US considers intervening in the futures …
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How private 5G empowers smart operations in the oil and gas industry
Today's oil and gas industry relies increasingly on digital technologies to enhance operational performance. In an environment where network failures …
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Dana Gas suspends Khor Mor operations amid Iraq security concerns
Dana Gas has temporarily ceased production at the Khor Mor gas field in the Kurdistan Region of Iraq (KRI) due …
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Saudi Arabia reports another drone attack on Ras Tanura refinery
Aramco’s Ras Tanura refinery, the company’s largest domestic facility, has been targeted once again by a drone strike, according to …
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Tanker suffers explosion and oil leak off Kuwaiti coast
A tanker anchored south-east of Kuwait’s Mubarak Al Kabeer port experienced a large explosion on its port side, began taking …
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Operation Epic Fury drives Americas heavy crude to multi-year highs
Heavy grades pumped in the Americas climbed to their highest levels in years on Wednesday, driven by the ongoing Operation …
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Offshore Technology’s parent company GlobalData moves to Main Market of LSE
LONDON, 05 March 2026 – GlobalData Plc, the trusted intelligence platform and parent company of Offshore Technology, today moves from AIM to the Main Market of the …
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Subsea7 secures additional work at Sakarya field in Türkiye
Subsea7 has secured additional contract work from the Turkish Petroleum Offshore Technology Center (TP-OTC) pertaining to the Sakarya field development …
