Industry News

Oil prices fluctuated as traders weighed Iran risks and supply signals.

The North Sea crude market is flashing signs of weakness.

U.S. fracking companies are increasingly sending their idle equipment overseas.

Technip Energies announced that it has been awarded a 'major' contract by QatarEnergy.

Ovintiv authorized a new share buyback program totaling $3 billion as it revised its investor return framework following the $2.7-billion acquisition of NuVista.

EOG reported $701 million in net profit and $1.22 billion in adjusted net profit for the fourth quarter (Q4) of 2025, both down sequentially and year-on-year on lower oil and gas price realizations in the U.S.

The U.S. Energy Information Administration projected that U.S. total energy consumption will remain below 2025 levels in both 2026 and 2027.

Iberdrola reported EUR 6.29 billion in net profit and EUR 6.23 billion in adjusted net profit for 2025, up 12 percent and 10 percent respectively against 2024 on the back of an expanded footprint in power distribution in the UK.

GasBuddy released new analysis identifying the cheapest and most expensive days of the week to buy gasoline in all 50 states.

Kosmos retains its interests in offshore exploration blocks EG-01 and EG-24, which it said 'provide exploration opportunities for near-field short-cycle tie-backs'.

Britain targeted 175 companies in the 2Rivers network, according to a statement from the foreign office.

Oil prices fell as traders reacted to renewed Iran nuclear deal speculation and geopolitical tensions.

As recently as mid-December, the prevailing outlook among respected oil watchers was that a huge surfeit was in the making that would send crude prices tumbling.

Saipem said this new award reinforces its long-standing presence in Saudi Arabia.

President Donald Trump will head to Texas on Friday.

In pro forma terms, Infinity said the acquisition propels it to a leading operator position in the basin.

Just how full is the U.S. Strategic Petroleum Reserve?

The oil market 'remains firmly in wait and see mode', according to SEB Commodities Analyst Ole R. Hvalbye.

Murphy Oil's first two wells in a three-well exploration campaign offshore Cote d'Ivoire have turned up dry.

The EU failed to approve a fresh round of sanctions against Russia as Hungary and Slovakia, who accuse Ukraine of disrupting oil deliveries from Russia, halted the measures.