Oil and Gas
Borr Drilling announces operations suspension for safety reasons in the Persian Gulf
The four affected assets remain under contract and have all relevant insurance coverage.
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Oil and Gas
Strait of Hormuz Closure Drives Up Global Urea and Crude Prices
Iran's blockade of the Strait of Hormuz drives up logistics costs and threatens global food production due to nitrogen fertilizer shortages.
Oil and Gas
Santos Approves Investment to Modernize Moomba
The new electric compression at Moomba will reduce emissions, improve production, and guarantee supply in South Australia for decades.
Oil and Gas
Vaalco adjusts drilling in Gabon after dry hole discovery
The ET-14P well turned out to be a dry hole, so Vaalco will sidetrack its drilling toward a previously confirmed productive area.
Oil and Gas
Valeura Energy Increases Oil Production in Thailand
Three new wells at Manora boost Valeura's production and open new oil zones in the Gulf of Thailand.
Oil and Gas
Chevron to supply gas to Horizon Power in Western Australia
Chevron secures gas supply to stabilize the power grid in remote areas of Western Australia.
Oil and Gas
Shell strengthens its presence in Venezuela with new energy agreements
Shell signed agreements with the Venezuelan government to reactivate natural gas and oil production, and to export gas to Trinidad starting in 2027.
Oil and Gas
Eni strengthens its presence in Nigeria with a new oil agreement
The Italian company and the Nigerian government unlock the development of Zabazaba and Etan after resolving the dispute over OPL 245
Oil and Gas
NSTA Approves Drilling to Expand UK Carbon Storage
The drilling of the new well could be integrated into the Endurance project, solidifying the UK's leadership in carbon storage.
Oil and Gas
Corinth Pipeworks acquires LSAW plant in Hartlepool
Corinth Pipeworks purchases the Hartlepool LSAW plant to expand its pipe production for global energy projects.
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