Chevron, Libya Agree to Conduct Study in New Offshore Block
‘This partnership is not merely a technical agreement but rather a message of confidence in the Libyan investment environment and […]
All Middle East Energy Assets at Risk, StanChart Warns
‘The marked escalation in the U.S.-Iran conflict over the past week puts all energy assets and infrastructure in the region
Iberdrola Sells SP Dataserve to Bluewater
‘The sale of this non-core subsidiary forms part of Iberdrola’s active portfolio management strategy, which focuses on strengthening its core
Serica Completes Greater Laggan Acquisition from TotalEnergies
‘The acquisition delivers a new operated hub for Serica in the West of Shetland basin with current net production of
India takes a ‘huge hit’ on tax revenue to keep fuel prices from surging during the Iran war
India takes a huge tax revenue hit as it cuts fuel excise duties to shield consumers from soaring oil prices
India Taxes Fuel Exports
India has announced a series of tax changes including a levy on fuel exports, as the country tries to shield
Oil prices falls as Trump says Iran let 10 tankers through Hormuz as a ‘present’
Oil prices fell after Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.
Iran Oil Revenue Soars
Iran has likely earned hundreds of millions of dollars of extra income from oil sales since the start of the
Oil Climbs as Hormuz Disruption Deepens
Oil surged as uncertainty over Iran talks and Strait of Hormuz disruptions intensified supply concerns.
Petrobras confirms oil discovery in mature Campos basin pre-salt play
Petrobras has confirmed a new pre-salt oil discovery in the Campos basin offshore Brazil, identifying high-quality hydrocarbons at the Marlim
Black Sea tanker carrying Russian oil damaged in suspected sea drone attack
A Turkish-operated tanker carrying roughly 1 MMbbl of Russian crude was damaged in a suspected sea-drone attack in the Black
B27 Intelligence, Energy M&A, Industry Reports
Serica completes TotalEnergies asset deal, establishes West of Shetland gas hub
Serica Energy has completed its acquisition of a 40% operated interest in TotalEnergies’ Greater Laggan Area assets, establishing a new
Iran boosts oil revenue as sole exporter via Strait of Hormuz
Iran is maintaining crude exports near 1.6 MMbpd and capturing stronger prices as disruptions in the Strait of Hormuz sideline
Trump says Iran let 10 oil ships through Strait of Hormuz as ‘present’ to U.S.
Trump said the U.S has “very substantial talks going on with respect to Iran,” though Tehran has denied direct talks
PETROBRAS makes oil discovery in Campos Basin pre-salt at Marlim Sul field
PETROBRAS identified the presence of excellent-quality oil in the pre-salt of the Campos Basin offshore Brazil, following the drilling of
JAPEX spuds offshore exploration well in Hidaka area
JAPEX started drilling an exploratory well offshore Hokkaido as part of a program to confirm the presence of natural gas
Sonadrill wins extension for Sonangol Quenguela drillship offshore Angola
Sonadrill, the joint venture between Seadrill and an affiliate of Sonangol, signed a contract extension for the ultra-deepwater drillship Sonangol
Foresea secures Petrobras contract for ODN I drillship offshore Brazil
Foresea was awarded a new contract by Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, adding approximately $465
New Zealand Receives Application for Canterbury Hydrocarbon Prospecting
The application follows the removal of the petroleum exploration ban late 2025, after which two exploration permit applications have progressed
ReconAfrica begins production testing at Kavango West discovery in Namibia
ReconAfrica has commenced production testing at its Kavango West 1X discovery in Namibia, targeting multiple hydrocarbon zones as it advances