Wood Mackenzie: Oil prices could hit US$100/bbl as Strait of Hormuz traffic halts
OPEC+ production increases inaccessible if Strait of Hormuz transit flows do not resume.
The latest upstream news
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This spotlight session reviews and discusses Nanoprecise’s recent article for Oilfield Technology, entitled ‘Powering Oil and Gas Operations with AI’
Rystad Energy: OPEC+ announces crude production increase following US-Israel strikes on Iran
Rystad Energy’s market update from Jorge Leon, Senior Vice President and Head of Geopolitical Analysis.
Strait of Hormuz becomes key oil market risk as US strikes Iran, Rystad Energy commentary
In the early hours of 28 February, the US and Israel launched direct and extensive military operations inside Iran, in what appears to be a campaign broader in scope and intensity than the previous 12-day confrontation. Intercontinental Exchange (ICE) Brent crude oil prompt-month prices are expected to rise by US$20/bbl when trade opens on 2 March.
The cost of capital discipline: Big Oil faces production cliff edge
30 of the world’s largest companies must find 22 million bpd by 2040. Companies will need to deploy every tool in the business development playbook to square the circle
Upcoming oil events
World Pipelines CCS Forum - London 2026
18 Mar 2026 - 18 Mar 2026
Park Plaza, London Riverbank
18 Albert Embankment,
Vauxhall,
City of London,
SE1 7TJ,
United Kingdom
Offshore Technology Conference (OTC) 2026
04 May 2026 - 07 May 2026
NRG Park
One Reliant Parkway,
Houston,
Texas,
77054,
United States
Bilfinger secures strategic offshore and onshore access and fabric maintenance contracts, strengthening UK energy sector presence
Bilfinger has secured two high-profile maintenance contracts that significantly strengthen its presence across both offshore and onshore energy operations in the UK.
Petrobras awards Acteon 3-year stack-up mooring system services
Intermoor, Acteon’s Moorings and Anchors business line has announced that it has been awarded a new contract by Petrobras for the provision of stack-up mooring system services in Brazil.
World Pipelines launches UK-focused CCS Forum to tackle UK CO2 transport build-out
World Pipelines to host dedicated UK CCS infrastructure forum, on 18 March 2026, in London.
Rystad Energy: rethinking EU Arctic policy
Barents gas could hold the key for Europe's energy security and supply diversification.
Kongsberg Discovery consolidates multibeam leadership with new EM2042 models for naval and deep-sea operations
The new EM2042 DR600 and EM2042 BNS build on the market proven EM2042 platform, sharing its successful next-generation acoustic architecture, while addressing two distinct operational needs.
DNV launches Industrial Services to support rapidly expanding energy and infrastructure markets
Evolving its inspection business into a dedicated global provider of quality assurance and inspection services for energy, infrastructure and complex industrial supply chains.