Industry News

ADNOC announced that it has 'unlock[ed]' over AED 60 billion ($16.3 billion) in UAE manufacturing opportunities and 'transform[ed]...' how suppliers access and compete for its business.

'Ovintiv's core land position in the Montney is expected to increase to approximately 720,000 net acres'.

Saudi Arabia contained a fire near its biggest oil export terminal at Ras Tanura on the Persian Gulf following an attack in the region, a person with knowledge of the matter said.

A surge in Indian diesel exports is set to hit global markets next year as new refining capacity comes online.

'Eni will continue to maintain a presence in the country through exploration and development of deep offshore assets as well as through its participation in Nigeria LNG'.

Norwegian unions have secured an agreement with Equinor and Italian aerospace company Leonardo for further technical measures on AW189 helicopters following hearing complaints from workers who use the aircraft for offshore transport.

'Is this simply the price of geopolitical risk or is something else influencing the value of oil?' analysts at J.P. Morgan asked.

'At the time of the incident, there were 115 personnel onboard the rig', Borr Drilling revealed.

The Chevron-led Aphrodite consortium and the Egyptian government have agreed on a special tax regime for a project that would enable the piped export of 100 percent of production from the field offshore Cyprus to the North African country.

The Saudi Arabian state-backed oil company is nearing agreement with international banks on a $10 billion loan that would bolster its finances as conflicts in the Middle East threaten crude exports.

Oil retreated from a six-month high as senior officials from several countries flew to Tehran.

Venezuela's overall oil output recently reached 1.252 million barrels a day, oil minister Hector Obregon said.

Kawasaki Heavy Industries and Transgaz signed a memorandum of understanding on energy cooperation that would see the Japanese company bring its hydrogen transmission technology into Europe.

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

BP reached an agreement with the state of Louisiana that will close lengthy litigation over the deadly Deepwater Horizon catastrophe in the Gulf of America in 2010, in exchange for an early but reduced payment of remaining claims.

Indian refiners are increasingly turning to Persian Gulf crude and pulling back from their mainstay supplier Russia.

Singapore's government has conditionally authorized state-backed Sembcorp Utilities to import 1.3 gigawatts of renewable electricity, advancing a tripartite energy pact with Malaysia and Vietnam.

The U.S. Energy Information Administration further raised its U.S. crude oil production forecast for 2026 in its latest short term energy outlook.

'The proposed arrangement marks a new milestone in energy cooperation between Singapore and the Kingdom of Saudi Arabia', a joint statement said.

Dalia Energies has sought arbitration in London over a 20-year natural gas supply agreement terminated by NewMed Energy and Ratio Energies, Chevron's local partners in the offshore Leviathan field.