The daily business of oil and gas in America — deals, drilling, prices and the policy that moves them.
PTTEP reported a net income of THB 39,032 million (USD 1,209 million) for the first half of 2026, as total revenue reached THB 176,756 million ($5.495…
Larsen & Toubro’s Energy Hydrocarbon Onshore division just landed a major EPC contract from Kuwait Oil Company. The job: engineer, procure, and construct six crude oil…
Something enormous is anchored in the Timor Sea, and most people on shore have no idea it is there. It sits 285 kilometers north of Darwin,…
On a warm April evening in 2026, a Liberian-registered gas carrier nosed away from a dock on the Sabine-Neches Waterway in southeast Texas and turned toward…
Uzbekneftegaz just made a significant structural move. The state energy company has formally created UNG Burg’ilash LLC—a new, fully state-owned drilling subsidiary—to expand oil and gas…
Kazakhstan’s Black Sea crude export terminal near Novorossiysk reopened on July 27, ending a roughly week-long halt that had cut the country’s oil output nearly in…
The clean energy transition has ignited the entire energy landscape, where projects are materializing at a rapid pace. Companies are aware of the amount of profit…
Fugro just signed an agreement to become a minority shareholder in DTACT, a Netherlands-based software company specializing in data fusion and intelligence solutions. The deal is…
Prime Minister Anthony Albanese on Tuesday announced a feasibility study for a new oil refinery in Karratha, Western Australia — a project that would be the…
Something enormous is moving through Argentine Patagonia right now, just below ground level, one weld at a time. It is not a river, not a road,…
Jadestone Energy posted average group production of 15,281 boepd for the first half of 2026—down roughly 25% from 20,368 boepd in the same period a year…
Paratus Energy Services has wrapped up the sale of Fontis—its Mexican drilling operations and jack-up fleet—walking away with roughly USD 163 million in cash and a…
Vista Energy has placed its biggest bet yet on Argentina’s shale boom. The company formally applied to bring its $5.8-billion Bandurria Norte project into Argentina’s Large…
Predator Oil & Gas Holdings has amended its rig contract with Intrepid Drilling Limited to drill the MOU-6 well in Morocco. Operations are scheduled to run…
On a flat North Dakota oil pad, a flame burns night and day with no buyer and no pipeline to carry it anywhere. It is flare…
O’ahu runs on its own. No undersea cables connect the island to the mainland grid — if local generation falters, there’s no backup to call on.…
Offshore Energies UK recently filed formal responses to two live public consultations, pushing regulators to approve the Rosebank oil field and Jackdaw gas field—projects that together…
Kosmos Energy posted net income of $185 million for the second quarter of 2026, with total net production climbing roughly 12% year-over-year to approximately 71,400 barrels…
On Sunday, OPEC+ approved a 188,000 barrel-per-day production quota increase for September 2026. That move wraps up the full rollback of a 1.65 million bpd voluntary…
A U.S. congressman is calling on the Coast Guard to take a fresh look at oil spill preparedness—and a planned pipeline is the reason why. Rep.…
Stand on Babette Taylor’s ranch outside Doole, Texas, and the first thing you notice is the scar. A stripe of cleared land cuts across McCulloch County…
In a 6-1 decision, the Michigan Supreme Court has ordered state regulators to reconsider the permit they granted in 2023 for a proposed tunnel to carry…
Shell is stepping away from one of the eastern Mediterranean’s most closely watched gas projects. The British energy giant has agreed to sell its 35% stake…
Forty miles off the Louisiana coast, the Gulf of Mexico is deep and dark and, to most people flying over it, completely empty. It is not…
Eni SpA has approved a final investment decision to develop the Cronos deepwater gas field offshore Cyprus — marking the Eastern Mediterranean island’s first-ever hydrocarbon project.…
Baker Hughes pulled in $10.5 billion in orders for Q2 2026 — a 49 percent jump from the same quarter last year and a 29 percent…
The U.S. International Development Finance Corporation has committed up to $4.48 million to the Ampasindava rare earths project in Madagascar—a relatively modest sum that Washington is…
The Federal Energy Regulatory Commission issued a letter Tuesday approving Cheniere Energy’s request to introduce natural gas into Train 7 at its Corpus Christi LNG export…
On a grey December morning in 2024, a record towing convoy began moving out of a shipyard on China’s Jiangsu coast toward the Yangtze River. At…
Canada imported 485,000 barrels per day of refined petroleum products in 2025 — a 3% jump from the year before, according to data the Canada Energy…
Expand Energy posted adjusted earnings of $1.33 per share for the April-to-June quarter on Tuesday, beating the Wall Street consensus of $1.12 per share, according to…
Shearwater Geoservices just picked up a contract to run a 3D seismic survey in Australia’s Bonaparte Basin. It’s the company’s second carbon capture and storage assignment…
Somewhere in the blue water off Colombia’s northern coast, a drillship is preparing to do something no crew has ever done before. The target sits nearly…
Borr Drilling’s 50/50 joint venture BC Ventures has finalized the purchase of five premium jack-up rigs from Fontis Finance for $287 million. The deal covers two…
Kuwait Petroleum Corp. signed a $16 billion joint venture agreement with Blackstone, Brookfield, and KKR, giving the three North American investment firms a combined 49 percent…
Zephyr Energy has signed a non-binding letter of intent with Atlas Oil Company for a prepaid commodity purchase agreement that would deliver up to US$15 million…
An unseen energy landscape lies deep beneath the U.S. Gulf Coast. It spans thousands of square miles from the pine forests of East Texas to the…
On July 23, 2026, the U.S. Department of Energy announced up to $65.5 million in federal funding for cost-shared research, development, and deployment projects aimed at…
Every oil well has a secret companion. When crude or natural gas rises to the surface, it almost always drags up something else: a torrent of…
When two companies decide to unite or associate with each other in the energy industry, they are likely to achieve higher success. A single entity might…
Two major Indian state-run refiners have halted crude oil loadings from Iraq amid a sharp deterioration in security conditions in the Strait of Hormuz. Indian Oil…
On a spring morning in Lampasas County, Texas, a courtroom went still as a jury read out its verdict in a pipeline condemnation case that had…
Helmerich & Payne FlexRig 648 has started moving to the Canyon-3 well location on the eastern flank of Queensland’s Taroom Trough, and that means Omega Oil…
Rystad Energy put out a blunt market warning Monday: 2.5 million barrels per day of Saudi Arabian crude exports are now directly at risk. Houthi forces…
88 Energy’s Q2 2026 quarterly report, covering the period ended 30 June 2026, leads with a resource upgrade at its South Prudhoe project in Alaska. The…
Magnolia Oil & Gas Corp. has agreed to acquire WildFire Energy LLC in a cash-and-stock deal valued at $4.06 billion, including the assumption of WildFire’s debt.…
Oil shipping disruptions at two of the world’s most critical maritime chokepoints intensified this week as the US-Iran conflict continued and Yemen’s Houthi militants threatened to…
TGS has commenced the Orphan3D PSDM Phase 2 reprocessing project offshore Newfoundland and Labrador, Canada. The initiative will upgrade approximately 5,135 square miles of existing 3D…
Equinor posted an adjusted operating income of USD 11.48 billion in the second quarter of 2026, alongside a net income of USD 4.84 billion. Total equity…
Aker BP posted operating cash flow of USD 3.1 billion in the second quarter of 2026 — the highest single-quarter figure in the Norwegian oil company’s…
