Industry News

The Japanese maritime leader consummated the combination of six ship management subsidiaries to streamline safety culture.

South Korea will merge a string of state-run energy and transport companies as part of a broader overhaul of public institutions that is aimed at cutting costs and strengthening the country's competitiveness at a time of rising power demand.

Oil held near a five-week high as renewed US-Iran fighting raised fresh concerns over Strait of Hormuz exports.

President Donald Trump pressed U.S. oil refiners to boost domestic production of gasoline and diesel during a closed-door meeting Tuesday.

The State Oil Company of the Republic of Azerbaijan signed a preliminary deal to acquire a stake in Haynesville gas assets operated by Comstock for $1.65 billion.

David Lindley has been named as the new director of the RRC's Oil and Gas Division.

The Canadian methanol producer expects to stop production in New Zealand next year and has entered into an agreement selling its gas supply entitlements.

U.S. diesel advanced to the highest price since hitting a peak in April during the initial phase of the U.S.-Iran war.

DNO and Genel, both partners in a producing oil project in Iraq's Kurdistan, are competing to enter Egypt via Capricorn.

DNO and Genel, both partners in a producing oil project in Iraq's Kurdistan, are competing to enter Egypt via Capricorn.

'The challenge is where to concentrate, how to scale, and how to share value when efficiency reduces the activity that many contracts reward', McKinsey representatives said.

'I will lead the board's evolution, ensuring we have the depth, experience and capabilities needed to support the company's strategic priorities and long-term value creation'.

'The deal could materially reshape Venezuela's long-term production trajectory', Rystad said.

The conflict between the U.S. and Iran escalated sharply, with American forces carrying out a fresh wave of strikes and Iran saying it had retaliated.

SB Energy Corp, a power infrastructure firm backed by SoftBank Group Corp and OpenAI, filed for a U.S. initial public offering.

Oil prices jumped as escalating US-Iran hostilities threatened an already tight global market.

ONEOK signed an agreement to buy Brazos Midstream's natural gas gathering and processing assets in the Permian Basin for around $4.425 billion in cash, enabled by a new $9 billion minority equity investment from Apollo.

The Norwegian oil and gas contractor announced the appointment of Paal Eikeseth, who has headed its Life Cycle business since 2022, as president and chief executive effective immediately.

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

'Natref has implemented measures to ensure the affected unit remains operational until end-September'.