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Brazilian oil giant Petrobras has taken a crucial step forward in its exploratory ambitions as it secures clearance for a pre-operational campaign in the Foz do Amazonas basin. The approval…

In a statement that mirrors the cautious tones expressed by other oilfield services giants, SLB (formerly Schlumberger) presented a subdued forecast for its revenue growth for the remainder of the…

Vitol Group, the world’s largest independent oil trader, has ramped up its oil purchases in Venezuela as the expiration of its U.S. operating license approaches. According to documents seen by…

OPEC+’s aggressive efforts to enforce oil production quotas have backfired, triggering a sharp decline in crude prices as tensions with Kazakhstan threaten to escalate into a broader price war. Crude…

MODEC has been awarded a contract by ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project offshore Guyana. The contract, issued as…

Muneshwers Limited and John Fernandes Limited, through their collaborative venture Cranes Guyana Inc., are set to inject over US$285 million into the development of a state-of-the-art port facility in the…

The global oil and gas industry continues to experience significant transformation in 2025, balancing traditional operations with increasing pressure to adapt to climate concerns and technological innovation. As energy markets…

European energy giant Shell has solidified its strategic commitment to offshore oil exploration with the signing of a major contract with Stena Drilling, a leading firm headquartered in Aberdeen, Scotland.…

Saudi Aramco Strikes 20-Year LNG Deal with NextDecade in Bold US Expansion Play In a strategic move that underscores Saudi Aramco’s ambitions to grow its global gas footprint, the energy…

EnerMech has been awarded the pre-commissioning contract for the ONE GUYANA FPSO, which is part of SBM Offshore’s operations in Guyana. This floating production storage and offloading unit is expected…