Wison New Energies has started topsides fabrication of the floating production unit (FPU) for the Sakarya Gas Field Development Project Phase 3, developed by Turkish Petroleum (TPAO), marking a new milestone for the Black Sea gas development.The company said the FPU, which serves as the core offshore facility for Sakarya Phase 3, will integrate gas processing, compression and export functions with a designed gas export rate of 25 million standard cubic meters per day…
Eastern Mediterranean-focused gas producer Energean cut its 2026 production forecast and dividend on Wednesday after a 41-day shutdown of its Israeli operations hammered its first-quarter results.The company's power floating production vessel…
Oil fell by nearly 2% on Tuesday after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East.Trump posted on social media on Monday that he was holding off on a planned military attack on Iran scheduled for Tuesday…
Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran…
Consultancy firm ABL Group has agreed to acquire Malaysia-based process safety and technical risk consultancy SynergenOG, expanding its engineering and risk management capabilities for the energy sector.ABL Group said SynergenOG would be integrated…
Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday.'With Hormuz tanker traffic still restricted…
Dolphin Drilling has signed a contract with Harbour Energy for the semi-submersible drilling rig Paul B. Loyd Jr. in the U.K. sector of the North Sea, adding about $150 million in firm backlog, while also securing extension for Blackford Dolphin rig operating off India…
Oil prices rose nearly 1% on Tuesday as talks to end the U.S.-Israeli war on Iran appeared fragile, with Tehran's response to a Washington proposal highlighting stark differences that have kept supply concerns alive.Brent crude futures were up 86 cents…
Oil prices rallied on Monday, a day after President Donald Trump said Iran's response to a U.S. proposal was 'unacceptable,' raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight.Brent crude futures LCOc1 climbed $4…
Lloyd’s Register (LR) has granted an Approval in Principle (AiP) to Wison New Energies for a harsh-environment floating production storage and offloading (FPSO) design featuring an internal turret mooring system.The FPSO concept is aimed at offshore developments in demanding metocean conditions…
The Iran war has already led to a loss of about 120 billion cubic metres of global liquefied natural gas supply over the 2026 to 2030 period, Gergely Molnar, an analyst from the International Energy Agency, said on Thursday.Speaking at the Budapest LNG Summit…
Brent crude futures retreated on Tuesday but held near $114 a barrel following fresh hostilities in the Middle East, while investors monitored developments in the U.S.-Israeli conflict with Iran.The U.S. and Iran launched new attacks in the…
The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday.'This is indeed the biggest crisis in history,' Birol told…
The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world’s most critical oil and gas chokepoint. But one thing is already clear: even if the guns fall silent, flows through the…
TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a memorandum of understanding to cooperate on oil and gas exploration.The agreement establishes a framework for technical collaboration, including joint assessment of exploration…
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