Oil resumes rally as Iran reportedly wants to keep enriched uranium within the country
The International Energy Agency warned that as travel demand grows during the summer season, oil markets could enter a “red […]
Weatherford wins deepwater completions contract offshore Nigeria
Weatherford has secured a deepwater integrated completions contract from ExxonMobil affiliate Esso Exploration & Production Nigeria to support offshore Nigeria
IPAA backs bill targeting methane rules for marginal wells
IPAA is backing new legislation from Senator Cynthia Lummis and Congressman August Pfluger aimed at easing methane emissions requirements for
Conoco Says Venezuela Bid to Woo Oil Firms Falls Short
The head of ConocoPhillips said Venezuela’s initial steps to attract foreign oil companies that could help revive the nation’s production
Crude Closes Down for Third Day
Crude settled lower amid hopes for a Strait of Hormuz reopening.
Equinor and Aker BP strike NCS asset deal to boost offshore development
Equinor and Aker BP have agreed to align portions of their Norwegian Continental Shelf portfolios through a series of offshore
Oceaneering wins offshore installation contract for Egypt gas project
Oceaneering has secured an integrated offshore installation contract for the West Delta Deep Marine gas field development offshore Egypt, including
Oil Near $100 Seen as Base Case for 2026
Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year.
USA EIA Reveals Latest USA Diesel Price Forecast for 2026
A quarterly breakdown included in the EIA’s May STEO projected that the on-highway diesel fuel price will average $5.36 per
BP Enters 3 New Indonesian Blocks
Two of the exploration blocks sit near the BP-operated Tangguh LNG in Papua Barat province, presenting ‘potential for short-cycle development’,
Borr jackups pick up new work in Suriname, Vietnam
Borr Drilling secured new jackup contracts in Suriname and Vietnam, according to its latest fleet status report. Sif, built in
ConocoPhillips says Venezuela oil reforms still fall short for investors
ConocoPhillips CEO Ryan Lance said Venezuela’s revised oil framework still falls short of what international operators need to justify major
TotalEnergies advances Angola deepwater growth strategy
TotalEnergies is expanding its Angola offshore strategy through deepwater developments, frontier exploration and brownfield optimization projects, including the Kaminho development
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ADNOC deploys heavy-duty inspection robot at UAE gas plant
ADNOC has deployed an autonomous heavy-duty inspection robot at its Taweelah Gas Compression Plant in the UAE as part of
Baker Hughes, H&P team up to deploy geothermal land rig in US
Baker Hughes and Helmerich & Payne (H&P) announced a strategic collaboration to support geothermal exploration and development in the US,
Equinor, Aker BP swap NCS stakes to speed development of unproduced resources
Equinor and Aker BP agreed on a strategic collaboration to increase future production and value creation across selected parts of
Archer lands Vaca Muerta contract extensions through 2028
Archer secured contract extensions for land drilling operations in the Vaca Muerta formation in Argentina, the company announced 21 May.
Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is the unconditional
Naftogaz Wins Foreign Court Order to Enforce $1.4B Claims against Gazprom
The Astana International Financial Center Court – not part of Kazakhstan’s judicial system – allowed Naftogaz to enforce a $1.4-billion
What Happens to Oil if Iran Permanently Taxes Hormuz Traffic?
What would the implications be for the oil market if Iran decided to permanently tax/toll traffic through the Strait of