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Norwegian oil strike after big hit to production
A month-long Norwegian oil-service dispute ended on July 14, averting an expected rise in oil and gas production losses to around 120,000 barrels of oil equivalent per day by late July.
IEA chief urges EU to rethink opposition to Arctic oil and gas development
IEA head Fatih Birol has urged the EU to reconsider its opposition to new Arctic oil and gas development, arguing that maintaining Norwegian supply will become increasingly important to European energy security.
Vaca Muerta could generate up to 90,000 jobs as development accelerates, YPF CEO says
Argentina’s Vaca Muerta shale formation could create more than 90,000 jobs at peak activity as large-scale oil and gas development gathers pace, YPF President and Chief Executive Horacio Marín said.
Harbour Energy wraps up $163mn takeover of Waldorf assets in UK North Sea
UK oil and gas group Harbour Energy has completed its $163mn acquisition of substantially all the UK subsidiaries of Waldorf Energy Partners and Waldorf Production, strengthening its position in the UK North Sea.
Var Energi cleared to drill two Norwegian wildcat wells
The regulator announced on July 13 that it had issued permits for wellbores 35/6-7 S in production licence 929 and 25/8-24 S in production licence 1203.
Iran's MPs demand retaliation after Trump declares drops memorandum
Over 180 Iranian MPs have signed a statement demanding retaliation against those behind recent attacks on Iran, after President Trump declared the Islamabad memorandum at an end.
Dangote refinery switches Nigerian gantry and coastal fuel sales to dollars
Nigeria’s Dangote refinery has switched domestic gantry and coastal fuel sales from naira to dollars, dealing a setback to the government’s crude-for-naira programme and potentially increasing foreign-exchange demand.
ExxonMobil closes in on Trinidad and Tobago offshore block
ExxonMobil has almost completed its seismic acquisition on the TTUD-1 Block offshore Trinidad and Tobago, potentially propelling production to 74,600 barrels per day by 2029 following years of decline.
Guyana rakes in almost $2bn in petroleum revenues in H1 2026
Guyana accumulated nearly $2bn in petroleum revenues during the first half of 2026, according to Official Gazette notifications.
Qualitas Energy tenders up to 517 GWh a year from Chilean solar and PMGD assets
Qualitas Energy has launched a competitive tender to contract energy from its PMGD and utility scale portfolio in Chile, targeting generators, traders, investment banks, hedge funds and free clients.
UK's James Fisher and Aquaterra Energy form offshore services partnership
The UK’s James Fisher and Sons and Aquaterra Energy have formed a global partnership to offer offshore oil and gas operators an integrated service spanning early engineering, well abandonment, subsea work and infrastructure removal.
BP expects big earnings bump in Q2 on US-Iran war fallout
BP expects a sharp second-quarter earnings boost as the Iran war drove up oil prices and refining margins, while its oil trading performance improved further from an exceptionally strong first quarter.
Iraq presses ahead with Basra-Haditha oil pipeline despite manufacturing delays
Iraq's Basra-Haditha crude oil pipeline project is progressing through its implementation phase, with authorities continuing preparations to manufacture the pipeline despite supply chain disruptions that have delayed production inside the country.
Norway's DOF secures $100-200mn contract for offshore services
Norwegian offshore services provider DOF has received a letter of award for a four-year contract valued at between $100mn and $200mn.
Norway's DeepOcean wraps up decomm work in UK North Sea
Oslo-based DeepOcean has completed subsea decommissioning work at UK operator Spirit Energy’s Seven Seas and Grove West fields in the southern North Sea off the UK ahead of a planned rig campaign.
ExxonMobil advances ultra-deepwater appraisal as Trinidad eyes next exploration frontier
ExxonMobil has nearly completed seismic acquisition on Trinidad and Tobago's TTUD-1 ultra-deepwater block, with geological interpretation now set to determine whether the frontier acreage contains commercially viable drilling prospects.
Saudi Arabia's Aramco hands Kent fresh long-term framework deals
Kent has secured fresh long-term framework agreements with Saudi Aramco, keeping the energy services group in the frame for brownfield and project management work across the kingdom's oil and gas assets.
Suriname’s Block 52 gains geological backing as basin study sharpens exploration focus
A new geological study identifies the area surrounding Suriname’s Block 52 as the basin’s strongest oil-generating zone, providing scientific backing for recent discoveries and strengthening confidence in future offshore developments.
Tajikistan steps up fuel imports this year
Tajikistan relies heavily on imported petroleum products and LPG because of its limited domestic production.
Suriname’s offshore licensing model draws fresh interest as competition widens beyond flagship acreage
Suriname's open-door offshore licensing programme has attracted a fourth proposal, extending investor interest beyond flagship deepwater acreage and reinforcing competition across the Guyana-Suriname Basin.
Uzbekneftegaz to ramp up production at Alan gas-condensare field
Uzbekneftegaz has ordered extra work to be carried out to ramp up production at the Alan gas condensate field in Uzbekistan’s Kashkadarya region.
Russia's Novatek raises gas output 2.7% in H1
The growth likely reflected the start of exports from Novatek’s Arctic LNG-2 project last autumn. The facility, under Western sanctions, delivers cargoes only to a single port in China.
Turkmenistan sees slight increase in gas output in H1
Oil production rose by 0.9% to 4.13mn tonnes.
Bolivia freezes fuel prices for a year, sets dollar linked pricing formula for 2027
Bolivia's government will keep petrol, diesel and other fuel prices frozen for the next 12 months, before introducing a new pricing mechanism tied to international oil prices and the average dollar exchange rate.
European gas prices surge amid renewed US-Iran hostilities
European gas prices have soared this week amid renewed US-Iran hostilities, driving up costs for restocking supplies ahead of next winter.
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