Industry News

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.

Asian refiners are on course to nearly double their purchases of U.S. crude for September from a month earlier, a move that stands to squeeze domestic fuel makers at a time when Americans are already facing record high pump prices.

Crude prices declined as traders weighed new US sanctions pressure on Tehran.

China's oil demand probably peaked last year, earlier than previous estimates, according to the head of the nation's top refiner.

Tunneling for the 2.2-kilometer Grain to Tilbury high-voltage cable tunnel beneath southern England's primary river surpassed the halfway point.

The acquisition of the Greater Meridian CSG project 'converts a long-standing contracted supply relationship into GLNG equity production, consistent with Santos' strategy to backfill and sustain GLNG with owned production', Santos said.

'I am deeply honored', said the RRC's new Chairman.

Iran said it discovered more than 7.5 trillion cubic feet of natural gas.

The Emirati state-owned renewables company began commercial operations at a 35-megawatt battery energy storage system in Rochdale, England, its second start-up toward a target of three-gigawatt-hour BESS capacity across the UK.

The U.S. Energy Information Administration edged its U.S. total energy consumption projection down for 2026 and up for 2027.

Equinor signed a 15-year agreement with Uniper to supply over 30 terawatt hours a year of natural gas to Germany.

Brent crude has seen another volatile month of trading, analysts at BMI highlighted.

Iran's oil shipments to Asia have all but dried up, driving the cost of those cargoes to the highest levels in years even before the U.S. administration announces fresh moves to isolate Tehran and its trading partners.