Oil & gas news
European Gas hits seven-week low on Trump announcement
European gas prices fell to near seven-week lows on the afternoon of Friday 17th April 2026, on news the Strait of Hormuz would be fully open to commercial shipping, but traders and analysts remained cautious, according to Montel.
Wood Mackenzie: six-country international shale priority list for energy security as Middle East conflict drives supply diversification
Middle East conflict has elevated strategic energy security priorities as countries seek supply diversification, international shale exploration can play a key role in meeting those goals, according to new research from Wood Mackenzie, titled “A hydrocarbon copy: the upstream industry’s return to international shale exploration”.
Sulzer becomes first international service provider in Libya through joint venture with JSIL
Partnership with NOC subsidiary brings in-country maintenance and repair for critical oil and gas and power assets.
bp acquires interest in three Namibian exploration blocks
bp has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas as part of bp’s strategy to grow its upstream portfolio.
Glamox wins contract to light four OESVs for Sea1 Offshore
Glamox will supply lighting for four Offshore Energy Support Vessels (OESVs) being built for Sea1 Offshore AS.
ABL and PMS sign rig move agreement
Energy and marine consultancy ABL have signed a memorandum of understanding (MoU) with Egyptian offshore construction and services company Petroleum Marine Services (PMS) to collaborate on rig moving services and marine assurance and risk.
Vår Energi is securing higher production for longer from the Goliat field
Vår Energi ASA has submitted an amended Plan for Development and Operation (PDO) for the Goliat Gas Export (GGE) project to the Ministry of Energy, together with its partner Equinor.
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.
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.
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.