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Jadestone Brings First Malaysia Campaign Well Online at 3,000 bpd

Jun 24, 2026

Asia-Pacific focused upstream company Jadestone Energy has drilled and brought online its first well in the 2026 Malaysia infill drilling campaign on the PM323 production sharing contract, which now delivers around 3,000 barrels of oil per day (bpd).The first well, EBA-18ST3, was drilled around 20% below budget and includes a 1,200-metre horizontal reservoir section at a total measured depth of 4,866 meters…

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

Jun 25, 2026

India's Oil and Natural Gas Corporation (ONGC), supported by energy and marine consultancy ABL, has completed the relocation of 44 jack-up rigs ahead of the monsoon season.The pre-monsoon rig moves were carried out between March 15 and May 31…

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

Jun 24, 2026

Oman said it would keep the Strait of Hormuz open to shipping without imposing any tolls and had designated two temporary routes north and south of the existing shipping lane to facilitate the safe passage of vessels departing the region.In coordination with the International Maritime Organization…

ASCO Sets Up Shop in Qatar to Drive Middle East Expansion

Jun 23, 2026

Logistics and materials management company ASCO has opened its first office in the Middle East, establishing a presence in Qatar as it looks to expand its regional operations and support growing demand for logistics and environmental services…

Mako Offshore Field Takes Step Toward First Gas with PT PAL Contract Award

Jun 22, 2026

The Mako gas project offshore Indonesia has moved further towards development after operator Conrad Asia Energy signed a binding contract with state-owned shipbuilder PT PAL Indonesia for a key piece of offshore infrastructure, project partner Empyrean Energy informed…

Iran War Sparks Global Rush to Build Strategic Oil Reserves

Jun 22, 2026

Vulnerable countries that paid a high economic price during the Iran war are seeking to build domestic oil and gas storage buffers against future shocks, a drive that could bring roughly half a billion barrels of additional demand down the pike…

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Jun 22, 2026

Four liquefied natural gas tankers controlled by Qatar headed into the Strait of Hormuz on Monday, despite a fall in ship traffic after Iran announced that it had again closed the waterway over the weekend, shipping data showed.The tankers - Wadi Al Sail…

Oil Edges Higher as Uncertainty Clouds US-Iran Truce

Jun 19, 2026

Oil prices rose on Friday as the prospect of a lasting truce between the U.S. and Iran was clouded after peace talks in Switzerland were called off and as Israel stepped up attacks on Lebanon.By 0645 GMT, Brent crude futures LCOc1 gained 51 cents…

Post-War Gulf Faces Push for Alternative Export Routes

Jun 18, 2026

Middle East oil producers face a reckoning. The Iran war exposed the dangers of relying on a single chokepoint for vital oil and gas exports, leaving Gulf governments with a clear strategic imperative: diversify – at all costs.An Iranian blockade…

RINA Gets Safety Assessment Role on Indonesia's H2WATT Hydrogen Hub

Jun 17, 2026

Italian engineering, certification and consulting company RINA has secured a contract to provide safety assessment services for Indonesia's Green Hydrogen Hub Project H2WATT, a key initiative being developed by PLN Puslitbang, the research and development arm of state-owned utility PT PLN…

Gulf Marine Services Restarts Ops of Evacuated Gulf Vessels

Jun 16, 2026

Gulf Marine Services (GMS) has retuned to service all four of its self-propelled, self-elevating support vessels that were temporarily evacuated from one Gulf country due to the prevailing geopolitical situation.The UAE-headquartered offshore…

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Jun 12, 2026

JERA has received its first liquefied natural gas (LNG) cargo from the Barossa gas project in Australia, marking the start of LNG deliveries from the offshore development to Japan's largest power generation company.The cargo arrived aboard the…

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Jun 11, 2026

TGS has secured a streamer acquisition contract in the Africa and Middle East region for a 3D seismic survey campaign.The energy data and intelligence company said a 3D Ramform vessel is scheduled to begin acquisition work in early September 2026…

Hormuz Reopening Could Trigger OPEC’s Next Big Challenge

Jun 11, 2026

Saudi Arabia and neighbouring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding OPEC’s already fragile grip on the market.The Iran war and the closure of the vital waterway…

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Jun 10, 2026

EnQuest has agreed to acquire interests in four offshore production sharing contracts (PSCs) in Malaysia for up to $833 million, a deal that would significantly increase the independent energy company's production, reserves and cash flow.The…

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