The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world’s ...

Italy’s Eni has made a gas discovery offshore Indonesia with estimated resources of about 5 trillion cubic feet (tcf) of gas ...

Oil prices jumped more than 6% in early Monday trading on fears that the ceasefire between the United States and Iran could ...

Japan unveils a $10B fund to aid Asia in securing oil as Middle East tensions rise. Protecting supply chains and fostering ...

Brazil’s Petrobras has signed an agreement to acquire a 75% stake and assume operatorship of Block 3 offshore São Tomé and ...

Offshore drilling contractor ADES Holding has secured multi-year contracts for three premium jack-up rigs offshore Nigeria ...

A unit of Indonesia’s Pertamina has signed a production sharing contract (PSC) for the Lavender block, spanning onshore and ...

Energy data and intelligence firm TGS has signed a strategic agreement with the Republic of Equatorial Guinea to acquire, ...

Astro Offshore has added a new ultra-deepwater multi-purpose support vessel (MPSV) to its fleet, strengthening its subsea ...

Exciting news! Transocean's Deepwater Corcovado drillship secures a $445M contract extension with Petrobras, extending work ...

The Egyptian cabinet approved on Thursday a draft for a gas and oil exploration agreement in the Lotus offshore area in the ...

Eni is back in the oil game!  After almost two years, a 1-million-barrel cargo of Venezuelan crude is en route to Spain.