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Oman’s Block 50 Offshore Drilling Ops Face Further Delays

1 hour ago

Masirah Oil has announced that the start date for a planned three-well development drilling program at the offshore Yumna field in Oman's Block 50 will be updated at a later date.The company did not provide a revised timeline for the campaign, which is aimed at drilling three development wells in the field.Masirah Oil, which operates Block 50 and holds a 100% interest in the license, had previously…

Aramco Picks McDermott for Energy Projects in Saudi Arabia

4 hours ago

McDermott has been selected by Aramco as one of 11 contractors under a long-term Project Management Consultancy (PMC) agreement supporting the delivery of energy, downstream, petrochemical and low-carbon projects across Saudi Arabia.The multi…

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

4 hours ago

Malaysia’s oil and gas services firm Velesto Energy has secured a contract from Northern Gulf Petroleum (NGP) for the provision of jack-up drilling rig services offshore Thailand.The contract was awarded to Velesto's wholly owned subsidiary…

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

5 hours ago

Kuwait could restore nearly 70% of its oil production within six to eight weeks after the Strait of Hormuz reopens, Kuwait Petroleum Corporation's managing director for international marketing, Shaikh Khaled Ahmad Al-Sabah, said on Wednesday…

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Jun 03, 2026

Capricorn Energy said on Wednesday the deadline for Cafani Group-linked investment vehicle Alamadiyaf al‑Masiyyah to make a formal takeover offer for the London-listed oil producer has been extended for a third time to July 1.Alamadiyaf al‑Masiyyah…

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Jun 03, 2026

Loading of a Taiwan-bound LNG tanker at the Inpex-operated 1605.T Ichthys plant in Australia has been delayed after a limited strike by workers disrupted operations at the terminal, according to the union and shipping data.The delay highlights…

Indonesia Targets Higher Oil and Gas Output in 2027

Jun 03, 2026

Indonesia's upstream oil and gas regulator SKK Migas told a parliamentary hearing on Wednesday that it will aim to lift 612,500 barrels of oil per day (bpd) and 5,469 million standard cubic feet per day (mmscfd) of gas next year.Indonesia's…

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

Jun 02, 2026

Workers began a limited strike on Tuesday at Inpex's Ichthys liquefied natural gas facilities in Australia over a wage dispute, and their unions threatened much broader action next week that could disrupt LNG production and loadings.Ichthys accounts for about 10% of LNG supply from Australia…

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

Jun 02, 2026

INEOS Energy has signed a liquefied natural gas (LNG) supply agreement with Marubeni Corporation for deliveries into Asian markets from 2029, marking the company's first LNG sales into the Pacific Basin.Under the agreement, INEOS Energy will supply LNG on a delivered ex-ship (DES) basis…

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

Jun 02, 2026

Cambodia said on Tuesday it had launched a compulsory conciliation process under international law aimed at resolving a long-running maritime boundary dispute with Thailand and had informed the United Nations and Bangkok.The move follows a Thai…

Oil Prices Edge Lower Amid Uncertainty Over US-Iran Deal

Jun 02, 2026

Oil prices trended lower on Tuesday following the previous session's sharp gains as the market remained cautious about progress in U.S.-Iran peace talks.U.S. President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news…

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Jun 01, 2026

Vantage Drilling has entered into a merger agreement under which Norway-based Eldorado Drilling will acquire the offshore drilling contractor in a transaction valuing the company's equity at approximately $257.6 million.Under the agreement, Vantage shareholders will receive $19…

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

Jun 01, 2026

SOCAR, TotalEnergies, ADNOC's XRG and Turkey's BOTAS have signed a natural gas sales and purchase agreement for gas to be produced from Azerbaijan's Absheron field.The agreement was signed on the sidelines of Baku Energy Week, by SOCAR President Rovshan Najaf…

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Jun 01, 2026

BP and its partners have started non-associated gas (NAG) production at the Azeri-Chirag-Gunashli (ACG) field offshore Azerbaijan, marking the first commercial gas production from one of the world's largest oil-producing fields.The initial gas…

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Jun 01, 2026

Iran has restored gas production at three offshore platforms in the South Pars gas field that had been forced to halt output after Israeli attacks disrupted processing capacity at some onshore facilities, the chief executive of the Pars Oil and Gas Company told state media on Sunday…

Current News

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Aramco Picks McDermott for Energy Projects in Saudi Arabia

Aramco Picks McDermott for Energy Projects in Saudi Arabia

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Indonesia Targets Higher Oil and Gas Output in 2027

Indonesia Targets Higher Oil and Gas Output in 2027

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