Industry News

25 articles from 8 sources

WTI Crude

$84.64/bbl

Brent Crude

$91.43/bbl

Natural Gas

$2.89/MMBtu

Active Rigs (NA)

588rigs

Rigzone

about 4 hours ago

Oil Climbs as Shipping Threats Grow

Brent crude climbed to its highest level since early June as mounting threats to key oil shipping routes raised supply concerns.

Rigzoneabout 10 hours ago

North America Adds 26 Rigs Week on Week

North America went back to adding rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Rigzoneabout 13 hours ago

Rystad Warns 2.5MM Bpd of Saudi Oil is at Risk

Rystad Energy warned that 2.5 million barrels per day of Saudi oil is at risk as the Houthis 'threaten to enact [a] naval blockade'.

Offshore Technologyabout 14 hours ago

Ansaldo returns to US market with Texas gas turbine order

Ansaldo Energia has secured a contract to supply eight gas turbines for a Texas data centre power project, marking its return to US new-build generation.

Offshore Technologyabout 15 hours ago

OMV Petrom completes Neptun Deep platform installation in Black Sea

OMV Petrom, in partnership with S.N.G.N. ROMGAZ, has completed installation of the offshore production platform for the Neptun Deep gas project in the Black Sea.

Offshore Technologyabout 16 hours ago

Halliburton wins Basra Oil contract for southern Iraq field services

Halliburton has secured a contract from Basra Oil Company (BOC) to deliver Integrated Field Management Services (IFMS) for the development of the Bin Umar and Sindbad oil and gas fields located in sou…

Rigzoneabout 16 hours ago

OEUK Requests PM Visits North Sea Energy Operators

'Energy policy cannot be made in Westminster alone', OEUK said.

Offshore Technologyabout 17 hours ago

Magnolia to acquire WildFire Energy in $4.1bn Eagle Ford deal

Magnolia Oil & Gas has agreed to acquire WildFire Energy, an oil and gas producer in East Texas’s Eagle Ford Shale, in a transaction valued at approximately $4.06bn, including outstanding debt.

Rigzone1 day ago

Brent Nears $90 on Conflict Risks

Oil settled higher as escalating Middle East tensions fueled supply concerns despite diplomatic efforts.

Rigzone1 day ago

EIA Edges Up USA Consumption Forecasts

The U.S. Energy Information Administration edged up its U.S. total energy consumption projections for 2026 and 2027 in its latest short term energy outlook.

Rigzone1 day ago

Saudi Led Coalition Vows to Protect Ships from Houthis

The Houthis, an Iran-backed Yemeni group, vowed to impose a maritime blockade on Saudi Arabia.

Offshore Technology1 day ago

Jade Gas signs non-binding deal for Red Lake phase one funding

Jade Gas has signed a non-binding agreement to secure an estimated $771m in funding for Phase 1 development at the Red Lake CBM project in Mongolia.

Offshore Technology1 day ago

East Coast Cluster: the world’s first CCGT+CCS is advancing

Construction is advancing on the East Coast Cluster as the UK's flagship carbon capture power project moves from planning to 2028 delivery.

Offshore Technology1 day ago

Oil prices dip as Iran cites possibility of talks with US

Oil prices fell on 20 July, Monday, after Iran’s foreign ministry indicated that negotiations with the US could continue, citing national interests, reported Reuters.

Offshore Technology1 day ago

PDO signs six-year EPC framework with Petrojet-ENPPI

Petroleum Development Oman (PDO) has signed a six-year engineering, procurement and construction (EPC) framework agreement with the Petrojet-ENPPI Consortium.

Rigzone1 day ago

Oil Prices Reach Highest Levels in More Than a Month

'Continued attacks or tighter passage through the Strait of Hormuz could keep Brent supported above $90 and increase the risk of a move toward $100 per barrel', Naeem Aslam, CIO at Zaye Capital Market…

Offshore Technology1 day ago

ConocoPhillips to acquire 42% stake in bp’s Kirkuk venture

ConocoPhillips has reached an agreement with BP to acquire a 42% stake in BP Energy Company of Kirkuk Limited (BP ECKL) to join the ongoing redevelopment of major oil fields in the Kirkuk region in no…

Rigzone3 days ago

Amundi Says Oil, Gas Crucial to EU Clean Energy Transition

Amundi wants the EU to free asset managers to add oil and gas exposures to a new fund category intended to support the transition to a lower-carbon economy.

Rigzone4 days ago

Forgotten Shale Gas Play Reemerges as Oil Hot Spot

Companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir - except now they're drilling for oil.

Rigzone4 days ago

Oil Jumps on Fears of Wider Iran War

Traders boosted bullish oil bets as geopolitical tensions increased risks to global energy and fuel markets.

Offshore Technology4 days ago

ADES Holding wins $229m offshore drilling contracts in Nigeria and UK

ADES Holding has secured two offshore drilling contracts totalling around $229.1m for projects located in Nigeria and the UK North Sea.

Rigzone5 days ago

Burnham to Back North Sea Oil

Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea.

Rigzone5 days ago

Rystad Outlines 4 Potential USA-Iran Scenarios

Rystad Energy revealed that it has revised its U.S.-Iran scenario framework 'following a renewed deterioration in security conditions around the Strait of Hormuz'.

Rigzone5 days ago

Oil Ends Lower but Holds Weekly Gains

Traders balanced profit-taking against ongoing concerns over disruptions to oil flows through Hormuz.

Rigzone5 days ago

Ukraine Hit 2 Large Russia-Linked Oil Tankers in Black Sea

Ukrainian naval drones hit two large Russia-linked oil tankers in the Black Sea.