Aramco, Pasqal Launch Platform Offering Quantum Computing
Aramco and Pasqal said they had inaugurated Saudi Arabia's first quantum computer and launched the Middle East's first commercial quantum-computing-as-a-service platform.
UK to Allow Import of Fuels Refined from Russian Oil
The UK will effectively loosen some Russian sanctions by allowing imports of diesel and jet fuel refined from Moscow's crude in countries like India and Turkey.
USA Lawmakers Plan New $130 Fee for EV Owners
House lawmakers made public a massive transportation bill Sunday that would impose new fees on electric vehicles.
Brent, WTI Slip In Volatile Trade
Oil settled lower as traders weighed renewed US threats against Iran.
NATO Is Starting to Consider Hormuz Mission
Such a move would represent a shift in the military alliance's strategy toward the U.S.-Israeli war in Iran.
Senate Confirms Nomination of New BLM Director
Voting concluded with 46 Yeas to 43 Nays, the senate.gov site showed.
Dominion Energy Agrees to Merge into NextEra Energy
The New York-listed companies said the all-stock merger would create the world's biggest regulated power utility by capitalization.
OMV Starts Up Major Austrian Gas Development
OMV began production at what it says is Austria's biggest natural gas discovery over the past 40 years, which the company expects will double its output at home when the development reaches capacity.
Next Gas Price Spike May Come Just Before Memorial Day
GasBuddy warned that the next U.S. gasoline price spike 'could arrive just before Memorial Day'.
UAE, India Agree to Expand Energy Supply Partnership
ADNOC signed agreements with state-owned Indian Strategic Petroleum Reserves and Indian Oil to support Indian energy security and pursue energy trading collaboration.
Can Middle East Oil Producers Meaningfully Bypass the Strait?
Rigzone talks to Chris Newton, a Senior Early Warning Analyst at the International Crisis Group, and Dalia Salem, Senior Research Analyst of Middle East Upstream at Wood Mackenzie.
China Agrees to Supply Australia Over 600,000 Barrels of Jet Fuel
The Australian government said it has secured three shipments of jet fuel totaling more than 600,000 barrels from China and is pursuing negotiations with more neighboring countries for fuel supply.
Trump Delays Planned Strike after Gulf Allies Appealed
'I put it off for a little while, hopefully maybe forever, but possibly for a little while, because we've had very big discussions with Iran', the U.S. president said.
Venezuela Circulates Draft of Oil Law Regs for Cos
The Venezuelan government is circulating a draft of regulations as part of its newly enacted oil law.
Oil Settles Higher on Iran Doubts
Oil prices climbed as Iran peace talks faced new doubts.
North America Adds More Rigs WoW
North America added three rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Canada Strikes Deal to Start Building Oil Pipeline in 2027
Canada and Alberta reached a carbon pricing deal that opens the way for construction of a new oil pipeline starting as early as 2027.
USA Upstream M&A Hit $38B in Q1
U.S. upstream mergers and acquisitions hit $38 billion in the first quarter of this year before volatility 'pause[d]… the market', Enverus Intelligence Research noted.
US DOE Awards Over $94MM to Light Water SMR Advancement Projects
The Department of Energy awarded 8 projects a total of more than $94 million to support site permitting and supply chain development efforts for light water small modular reactors.
Santos, Repsol Start Oil Production at Alaska Project
'At plateau, production from the asset will be equivalent to 19 percent of Alaska's current output, delivering the first significant new crude volumes to the state in decades'.
