news articles

Chevron has signed a memorandum of understanding, or an initial agreement, with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate exploration for oil and gas offshore Syria. https://www.oedigital.com/news/535266-chevron-signs-oil-exploration-deal-in-syrian-waters?utm_source=AOGDigital-ENews-2026-02-05&utm_medium=email&utm_campaign=OEGDigital-ENews

The focus will continue to be on emerging and ultradeepwater basins in the Gulf of Guinea and offshore southern Africa, according to Rystad Energy. https://www.offshore-mag.com/drilling-completion/news/55354388/rystad-energy-africa-set-to-dominate-offshore-frontier-drilling-in-2026?o_eid=1023B6242256H6F&rdx.ident[pull]=omeda|1023B6242256H6F&utm_campaign=CPS260130104&utm_medium=email&utm_source=OFF+Daily

Global demand for oil spill response, contaminated land remediation, and environmental assurance is expected to exceed $160bn in 2026 , growing steadily as regulators, operators, and contractors face tighter timelines, stricter thresholds, and rising ESG scrutiny. But here’s the challenge Most remediation projects still rely on slow, fragmented laboratory testing to validate progress and closure — creating delays, rework, cost overruns, and regulatory risk. That’s where remed

Saudi Arabia’s economy expanded at the fastest pace in three years in 2025, with the oil sector emerging as a stronger engine of growth under new OPEC+ supply policy.  https://worldoil.com/news/2026/1/30/saudi-arabia-posts-strongest-gdp-growth-since-2022-as-oil-production-rises/

The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the North Sea. https://www.oedigital.com/news/534997-equinor-gets-permit-to-drill-north-sea-wildcat-well?utm_source=AOGDigital-ENews-2026-01-29&utm_medium=email&utm_campaign=OEGDigital-ENews

Global demand for oil spill response, contaminated land remediation, and environmental assurance is expected to exceed $160bn in 2026 , growing steadily as regulators, operators, and contractors face tighter timelines, stricter thresholds, and rising ESG scrutiny. But here’s the challenge Most remediation projects still rely on slow, fragmented laboratory testing to validate progress and closure — creating delays, rework, cost overruns, and regulatory risk. That’s where remed

Forecast for 2026 anticipates a 28% YoY increase in EPC awards, driven by rising subsea tree demand, FPS units, and fixed platform projects, totaling around US$59 billion https://www.offshore-mag.com/field-development/article/55344407/epc-contract-awards-in-2026-expected-to-total-some-59-billion?o_eid=1023B6242256H6F&rdx.ident[pull]=omeda|1023B6242256H6F&utm_campaign=CPS260120166&utm_medium=email&utm_source=OFF+Daily

Speaking at the opening of Abu Dhabi Sustainability Week 2026, Sultan Al Jaber  highlighted a reality the industry understands well: As artificial intelligence and data centres drive global energy demand, hydrocarbons will remain essential—even as renewable capacity expands. The challenge is clear.The opportunity is greater. At Peregrine X, our oil analytics help operators meet this moment by enabling more efficient, lower-impact hydrocarbon production—while providing the dat