Industry News

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

However, the merger is facing an extended review in Norway for potential harm to competition.

The US DOE withdrew a blanket order that extended LNG export regulations to ship-to-ship transfers of LNG for use as marine fuel.

Starting Jan. 1, 2026, the minimum 5 percent renewable-fuel requirement for gasoline must be met with eligible renewable fuels produced in Canada.

The U.S. State Department called the threat by Venezuela unacceptable.

'This agreement with Osaka Gas reinforces our long-standing energy partnership with Japan and supports our strategy to expand our global LNG footprint,' Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing, said.

Karoon said it intends to contract a new operations and management contractor to operate and maintain the FPSO.

Annual net loss landed at $137.7 million.

Halliburton and Sekal AS said they delivered the world's first automated on-bottom drilling system.

Gordon Birrell, BP's EVP of Production and Operations, said the company is 'busy developing the next wave of technologies'.

The preliminary estimated gross recoverable resources encountered in the well are between 15 million and 43 million barrels of oil equivalent.

Africa Oil Corp. expects to complete the full takeover of Prime, a 50-50 venture with BTG Oil & Gas, in March, earlier than the third quarter as initially expected.

The French state-backed multinational power and gas utility said it targets to reach 95 GW of installed RE and energy storage capacities by the end of 2030 as it announced 'an accelerated decarbonization path'.

Ghana's new central bank chief suspended the West African nation's program of paying for oil with gold.

'Our continued success, driven largely by the performance of our core regasification business, has positioned us as the industry leader in FSRUs and downstream LNG infrastructure'.

India's state-run refiners will fully commission the world's longest liquefied petroleum gas pipeline by June.

Oil prices fell nearly 4% in February, marking their worst month since September, as escalating U.S. tariffs dampened investor confidence and clouded energy demand.

The Senate voted 52 to 47 to repeal the rule.

The Railroad Commission of Texas said it has issued its first permit for a deep geo-pressured, geothermal well to Sage Geosystems in Atascosa County.

Alberta is projecting its first budget deficit after four years of surpluses.