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Guyana Eyes Record Oil Revenues as Global Energy Markets Shift

Jun 01, 2026

Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets…

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…

GS Energy Acquires 5% Stake in Australia’s Browse LNG Project from BP

Jun 01, 2026

BP on Monday said it agreed to sell 5% of its stake in the Browse liquefied natural gas project in Western Australia to South Korea's GS Energy.The sale leaves BP with a 39.33% stake in the Woodside-led WDS.AX project, which is expected to cost A$48…

Norway Offshore Strike Threat Looms Over Oil and Gas Sector

Jun 01, 2026

Nearly 8% of Norwegian offshore oil and gas workers plan to strike from June 5 if state-brokered wage mediation fails, labour union data showed on Monday.It was too early to say how a potential strike could impact production from oil and gas fields…

Decommissioning: IMCA Issued Diver Safety Guide

May 31, 2026

The International Marine Contractors Association (IMCA) has published new industry guidance designed to improve safety during subsea decommissioning and dismantlement projects, warning that ageing offshore infrastructure, incomplete historical…

Current News

SLB to Support Kuwait Oil's AI and Digital Tech Initiative

SLB to Support Kuwait Oil's AI and Digital Tech Initiative

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Petronas Unit Probes Cause of Fire at Offshore Platform in Malaysia

Petronas Unit Probes Cause of Fire at Offshore Platform in Malaysia

SBM Offshore, SWS Sign Deal for Seventh FPSO Hull

SBM Offshore, SWS Sign Deal for Seventh FPSO Hull

Hormuz Reopening Risks Turning Oil Shortage Into Glut

Hormuz Reopening Risks Turning Oil Shortage Into Glut

Oil Holds Steady After US, Iran Agree to Cease Attacks

Oil Holds Steady After US, Iran Agree to Cease Attacks

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