Masirah Oil has started operations on the first well of its infill drilling campaign at the Yumna oil field offshore Oman, following several delays to the development program earlier in 2026.The company announced the start of operations on October 21, with production from the new well expected to begin in November 2026.
Sunda Energy has secured a 12-month extension to the current phase of its Chuditch gas licence offshore Timor-Leste, following an earlier warning from the country's upstream regulator that the
Finder Energy has signed a contract worth an estimated $42.3 million with Eneos Drilling for the Hakuryu-5 semi-submersible rig to drill three development wells at the Kuda Tasi and Jahal (KTJ)
Seascape Energy has signed a letter of agreement with Petronas for a 547-square-kilometre extension of its Temaris Cluster Small Field Asset production sharing contract (PSC) offshore Malaysia
Australia has declared the West Peron formation suitable for carbon dioxide storage, marking a regulatory milestone for the Inpex-led Bonaparte carbon capture and storage (CCS) project
Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028
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