Industry News

Spirit Energy announced that it has completed a $54 million UK North Sea decommissioning campaign.

The two countries, which exported a combined two million barrels a day of oil before the outbreak of the Iran war, have managed to get shipments back to 70 percent of pre-conflict levels, according to traders.

Oil eased in a choppy session as traders weighed progress on diplomatic efforts to resume shipping through the Strait of Hormuz against fresh risks of a global supply squeeze.

The future of geothermal energy, a renewable source that has charged up conservatives and liberals alike, is being charted in a scrubby patch of sagebrush.

Enverus Intelligence Research warned that global drilling availability was narrowing as demand was rising.

Japan plans to support the construction of pipelines that bypass the Strait of Hormuz.

For the first time in history, $4 gasoline could greet U.S. drivers on Labor Day, GasBuddy warned.

The change in sentiment has been swift, Ole Hansen, Saxo Bank Head of Commodity Research, said.

Indian refiners are scaling back buying of Russian crude from elevated levels.

Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an 'interim framework' aimed at resuming shipping through the Strait, according to a joint statement carried by the Oman News Agency.

Oil extended losses as traders saw fewer signs of military escalation and US sanctions on Iran proved less severe than feared.

Australia's biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels.

North America dropped eight rigs week on week, according to Baker Hughes' latest North America rotary rig count.

The development-stage gas power developer entered into an agreement to buy 123 megawatts of new generation equipment, increasing potential capacity for the first phase of its Project Permian to nearly 200 MW.

Dozens of workers manning airlift for the Norwegian oil and gas industry agreed new compensation and benefits terms with the Federation of Norwegian Aviation Industries.

Ukraine said it attacked an oil refinery and a gas-processing plant in Russia overnight.

The Israeli company signed an agreement to acquire a vessel that will be retrofitted to serve as a second floating production, storage and offloading platform for the under-construction Sea Lion oil development in the Falkland Islands.

Although Texas upstream employment declined in July, job postings reflect a 'continued demand for talent', TIPRO said.

The Norwegian trio announced a collaboration to explore the largest remaining reserves in the country's waters to sustain production as existing developments become depleted.

Analysts at Rystad Energy and Skandinaviska Enskilda Banken AB have examined the U.S. administration's latest measures against Iran.