North America Drops 6 Rigs Week on Week

North America dropped six rigs week on week, in keeping with Baker

Analyst Highlights Focus of IEW Occasion

Focus on the London Worldwide Power Week (IEW) final week was the

Enbridge This fall Revenue Up YoY

Enbridge Inc has reported CAD 1.95 billion ($1.43 billion) in earnings and

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Hungary Asks Croatia to Permit Russian Crude Shipments

Hungary requested that Croatia permit the cargo of Russian crude by way

BP, Eni Uncover Extra Oil offshore Angola

Azule Power Holdings Ltd, an Angolan three way partnership equally owned by

Naftogaz Seeks USA Funds to Renovate Destroyed Crops

Ukraine’s state-run oil and fuel firm Naftogaz Group is searching for funds

Oil Posts Second Straight Weekly Drop

Oil notched its first back-to-back weekly drop this yr as merchants weighed the prospect of

By Editorial Team

EIA Raises 2026 WTI Forecast, Lowers 2027 Projection

The U.S. Power Info Administration (EIA) elevated its 2026 West Texas Intermediate (WTI) crude oil

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Reliance Will get USA License to Immediately Purchase VEN Crude

Indian refiner Reliance Industries Ltd. has obtained a basic license from the US authorities that

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Baker Hughes Explores $1.5B Sale of Waygate Unit

Baker Hughes Co. is exploring a possible sale of its Waygate Applied sciences unit, which supplies industrial testing and inspection

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Some OPEC Members See Scope to Resume Hikes in April

Some OPEC+ members see scope for the alliance to renew provide will increase in April, believing issues of a glut

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Develop CEO Steps Down | Rigzone

Develop Power Corp. mentioned Domenic “Nick” Dell’Osso, Jr. stepped down as chief government officer as

By Editorial Team

Transocean to Purchase Valaris in Close to $6B Deal

Transocean Ltd and Valaris Restricted introduced, in a joint assertion, the signing of a definitive settlement

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India Seizes Three Tankers | Rigzone

The Indian Coast Guard seized three tankers that it mentioned had been concerned in oil

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BofA Report Compares Massive Oil Cos

In a BofA International Analysis report despatched to Rigzone final month, analysts supplied a comparability

By Editorial Team

BP Halts Share Buybacks

BP Plc is halting share buybacks to shore up its stability sheet. Supply hyperlink

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Oil Settles Greater as Hormuz Dangers Resurface

Oil edged greater after the US suggested ships to avoid Iranian waters when navigating the

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OEUK Flags ‘Extended Bout of Extreme Climate’ in North Sea

In a press release posted on its web site final Thursday, business physique Offshore Energies

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Russia Crude Output Shrinks | Rigzone

Russia’s crude output declined for a second straight month in January because the world’s third

By Editorial Team

Vitol Pushes Again Peak Oil Demand Forecast

The world’s largest unbiased oil dealer Vitol Group stated oil demand will take longer to

By Editorial Team