Industry News

The U.S. and Ukraine reached a deal over access to the country's natural resources.

The Emirati and Austrian companies signed a letter of intent to collaborate on producing renewable power-generated hydrogen and derivatives.

'Many believe we are in a 'peak Trump' phase, suggesting that the worst is behind us and we are now entering a period of de-escalation', JP Morgan analysts said.

Robust operational results in Subsea and Conventional, along with elevated activities in Taiwan's renewables sector, helped counterbalance seasonal slowdowns and vessel upkeep.

PetroChina reported sustained growth in oil and gas output while bolstering momentum in new energies.

The IMF downgraded its growth forecasts for MENA oil exporting countries including Saudi Arabia and Iraq, citing escalating global trade tensions and lower energy prices.

Alberta Premier Danielle Smith challenged Mark Carney to strike a better deal for her oil-rich province.

Oil prices sank as Saudi Arabia hinted at enduring low prices and boosting output.

'OPEC+ has demonstrated it still has pricing power', Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB) said.

Solaris Energy Infrastructure reported $126 million in revenue for the first quarter of 2025.

Located within National Grid's Load Zone A, the projects are expected to start commercial operation 2026.

Repsol and Bunge are working together to scale up the adoption of intermediate novel crops as feedstocks for renewable fuel production.

Three workers were killed and two were injured when a section of scaffolding collapsed early Tuesday at a liquefied natural gas plant that Sempra is building in Texas.

Bayon succeeds Andres Ocampo, who is stepping down from the role due to personal reasons.

The financing program aims to help countries in the continent and the Caribbean bridge the cost of importing refined petroleum products.

CEO Patrick Pouyanne said that reflects TotalEnergies' confidence in its balance sheet despite 'a softening price environment with Brent below $70/b since the beginning of April and an uncertain geopolitical and macroeconomic context'.

Rigzone experienced the power outage in Lisbon, Portugal, first-hand.

'It seems that the global oil market is going through a critical phase', Rania Gule, a senior market analyst at XS.com-MENA, said in a market analysis sent to Rigzone on Wednesday.

Drilling targeted Albian-aged sandstones within the Marula fan complex, some 29.2 miles south of the Venus-1X discovery.

ADNOC sold debt compliant with Islamic rules for the first time as the state producer works to diversify funding.