Europe and Asia's response to 60% Middle East crude export collapse reshapes global energy trade
North American crude replaces Middle East flows as Europe faces structural diesel deficit while exporting gasoline surplus eastward.
The latest upstream news
Advertisement
This spotlight session reviews and discusses Nanoprecise’s recent article for Oilfield Technology, entitled ‘Powering Oil and Gas Operations with AI’
GoSubsea and Envirent form strategic rental alliance to deliver end-to-end offshore solutions
Two of Norway’s fastest-growing offshore companies, GoSubsea and Envirent, have announced a strategic partnership that combines technical expertise with expanded service offerings.
DTEK and Baker Hughes sign MOU to develop Ukrainian gas production
DTEK and Baker Hughes sign MOU to develop Ukraine's gas production and strengthen energy security.
EnQuest Heather fined for collective decommissioning failures
NSTA urges UK operators to plug and abandon redundant wells to protect the environment and the public purse.
Upcoming oil events
Offshore Technology Conference (OTC) 2026
04 May 2026 - 07 May 2026
NRG Park
One Reliant Parkway,
Houston,
Texas,
77054,
United States
Subsea Pipeline Technology Congress (SPT 2026)
15 Sep 2026 - 16 Sep 2026
Leonardo Royal Hotel Tower Bridge
45 Prescot Street,
London,
E1 8GP,
United Kingdom
Worley Consulting and Bloomfire to deliver AI-powered infrastructure for industries facing critical challenges
Worley Consulting and Bloomfire partner to bring Enterprise Intelligence to energy, chemicals, and resources sectors.
Middle East disruption could cut global oil demand 20% and gas 10% by 2050 as energy security drives shift to independence
Wood Mackenzie report that prolonged disruption to Middle East energy supplies could accelerate a structural shift in global energy systems, halving oil and gas import dependence by 2050 and reducing oil demand by 20% and gas demand by 10% relative to the base case.
Montel: EU gas prices slide 20% amid ceasefire in Iran war
The European bellwether front-month gas contract on the Dutch TTF hub initially dropped to EUR 42.50/MWh on Ice Endex this morning, its lowest since 2 March, before recovering slightly to EUR 43.46/MWh, at the time of writing.
Decom Engineering secures US patent for advanced Chopsaw cutting technology
Decom Engineering secures a United States patent for key elements of its proprietary Chopsaw cutting technology.
A reliability-centred framework for sub-asset management in CMMS
Rebuilding asset visibility from the component level up, by Rajaram Madhavan, SLB.
DroneQ Robotics and Mark Offshore strike deal on the latter’s new fleet addition ‘R/V Mintis’
Mark Offshore manages and operates the DP1 ROV Support and Survey vessel. DroneQ Robotics now has the exclusive rights to deploy the vessel for its own projects, Intertek projects, and third-party projects.