Industry News

BOEM has announced a proposed notice of sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act.

Morningstar Equity Director Joshua Aguilar reveals what the company is predicting.

Valaris reported $537.4 million in revenue for the fourth quarter of 2025, down 10 percent from the prior three-month period partly due to idle time for some rigs.

India is set to import the most crude from Saudi Arabia in more than six years this month, as the South Asian nation faces sustained U.S. pressure to reduce purchases of Russian barrels.

Santos signed a binding term sheet with the state government of South Australia to supply 20 petajoules a year of natural gas for 10 years to Whyalla Steelworks.

Traders priced in geopolitical risk and falling US stockpiles.

Centrica Plc shares fell the most in about 20 months after profit slumped 40 percent.

'This marks the next step in our long-standing collaboration with Aramco', said Brad Smith, Vice Chair and President of Microsoft.

Brazos commissioned its biggest cryogenic plant, designed to process up to 300 million cubic feet a day of natural gas in the Midland sector of the Permian Basin.

The Trump administration recently issued licenses allowing a handful of Western oil firms to operate in Venezuela.

The U.S. Energy Information Administration has lowered its U.S. regular gasoline retail price projections for 2026 and 2027 in its latest short term energy outlook.

The Gulf Coast-focused oil logistics company saw 'a decline in marine utilization during the third quarter, a softer fertilizer market in the fourth quarter and headwinds in our grease business throughout the year'.

The $950-million acquisition involves a production of about 250 million cubic feet equivalent a day.

'There is room for further upside', SEB Commodities Analyst Ole R. Hvalbye said.

Russia's oil producers reduced the pace of drilling in 2025 to the lowest level in three years, dimming the outlook for output growth this year as Western sanctions and a strong ruble undercut revenue.

Occidental has 'strengthened the balance sheet with the completion of the OxyChem sale on January 2, 2026, reducing debt by $5.8 billion since mid-December 2025 and bringing principal debt to date to $15 billion', the oil and gas producer said.

Oil prices surged as traders reacted to rising Iran conflict risks.

The Trump administration's primary interest in Greenland is on national security, not the development of its rare earths or energy resources, according to U.S. Energy Secretary Chris Wright.

Which U.S. oil major produced the most in 2025 - ExxonMobil, Chevron, or ConocoPhillips?

The U.S. renewed threats to quit the International Energy Agency.