Industry News

The number of employees in the oil and gas extraction industry rose month on month, bucking a trend, data on the U.S. Bureau of Labor Statistics website showed.

The pre-revenue startup said it has made 'substantive' progress in pre-development work for a proposed advanced nuclear power plant with a capacity of one gigawatt in Louisiana.

Sapphire acquired a small-scale liquefied natural gas production facility in Ehrenberg, Arizona, part of its efforts to establish a leading vertically integrated merchant LNG platform in the U.S.

Roseton's 'scale and existing grid infrastructure make it an ideal candidate for co-location development into a robust energy campus, including new energy storage systems', PowerTransitions said.

Analysts at HSBC, including Senior Global Oil and Gas Analyst Kim Fustier, revealed that they had raised their 2026 oil price forecast by $10 per barrel and their 2027 oil price forecast by $20 per barrel.

Elia Transmission Belgium signed a record EUR 1 billion (around $1.16 billion) credit facility with the European Investment Bank for an artificial energy island project in the North Sea.

The Brent oil price rose above $100 per barrel for the first time since July.

Iraq is seeking a significant increase in the country's oil production quota as OPEC and its allies conduct a review of members' capacities aimed at determining how much they can pump next year, according to people familiar with the matter.

Oil rose as fresh Middle East strikes heightened concerns about global supply disruptions.

Venezuelans are deeply divided over the Trump administration's oil deal with the country's interim authorities.

Tamboran and Formentera Partners began initial gas sales from the Shenandoah South Pilot Project, introducing the Beetaloo Basin as a supplier for Australia's Northern Territory.

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

Saudi Arabia halted several energy facilities in the south.

'This transaction positions TotalEnergies as the operator of Namibia's two largest oil discoveries and strengthens its position in the Orange Basin, supporting the long-term value creation from prolific licenses'.

Oil prices rose for another session on Tuesday, reaching three-month highs, Paolo Broccardo, CEO at BankPro, highlighted.

Industry body Offshore Energies UK said the industry urgently needs a firm date for HM Treasury's North Sea tax plan.

Alexey Miller, chair of the state-owned company's management committee, said Russia's underground gas storage inventories will reach a new all-time high this year.

The Italian and Malaysian energy majors - partners with F1 teams - signed a collaboration agreement to test newer processes to produce biofuels for high-performance deployment.

Undeterred by higher prices, importers shipped in 37.9 million tons last month, 6.2 percent more than in July, according to customs data.

Oil may rally to as much as $120 a barrel if attacks on shipping in the Middle East increase, according to Goldman Sachs Group Inc.