Wood and Elementz have strengthened their long-standing collaboration to deliver global subsea integrity management solutions, combining Elementz’s digital inspection platform, Integrity Elementz, with Wood’s subsea engineering expertise and inspection capabilities.
Energy services provider Expro has completed its acquisition of Norway-based Enhanced Drilling for approximately NOK2 billion ($209 million) in cash, strengthening its capabilities in managed pressure drilling (MPD) and riserless mud recovery (RMR).
Egypt’s crude oil production has reached a near two-year high as petroleum exports topped 2.3 million tonnes in H1 2026, generating $2.3 billion. The government is also advancing $4.5 billion in refinery projects to boost output and exports.
Air defence systems in Saudi Arabia intercepted two ballistic missiles from Yemen on Saturday targeting oil refineries in Yanbu, Greek security sources a day after US forces launched fresh air strikes on Iran, said media reports. The defence system was operated by Greek military personnel.
BP is in advanced talks to sell its solar business, Lightsource, to a consortium backed by Kuwait Investment Authority, and Qualitas Energy, a private equity firm focused on green energy, as the energy major sharpens its focus on oil and gas to bolster returns, said a report.
Kuwait Oil Company has announced that it has signed a $16 billion lease-and-lease-back agreement involving its entire domestic and export pipeline network with a consortium of international infrastructure and institutional investors led collectively by Blackstone, Brookfield and KKR.
US President Donald Trump has threatened "major military punishment" against Iran and Yemen's Houthi movement after two Saudi oil tankers were attacked in the Red Sea, as fears of a widening threat to global shipping pushed oil prices above $100 a barrel for the first time since May.
US President Donald Trump has thrown the future of a newly signed civilian nuclear cooperation agreement with Saudi Arabia into uncertainty by declaring that it will take effect only if the kingdom normalises relations with Israel, a condition that was not publicly attached to the deal when it was signed.
Oil topping $100 amid Red Sea attacks is rattling markets, affirms the CEO of a top independent financial advisory organisation. Brent crude touched $100.64 a barrel on Thursday, a jump of 7%, while US crude rose to $91.83, up 5.8% after Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea
Brent crude touched $100.64 a barrel on Thursday, a jump of 7%, after Yemen's Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea.
