No Trump Truce Seen as Kyiv Hits Volga Refinery
Ukraine said it hit the Syzran refinery in Russia's Volga region, underlining that the two nations have not signed up to the energy truce claimed by U.S. President Donald Trump.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
UK inflation jumps to 3.1% as energy costs soar
The reading comes a day before the Bank of England updates its monetary policy.
Read MessageSaudi says Houthis targeted Mecca with a drone, Iran-backed group rejects claim
The Organization of Islamic Cooperation condemned the strike as a "heinous" attack. Mecca is Islam's holiest site and the focal point of the annual Hajj pilgrimage.
Read MessageOil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure
Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline.
Read MessageOEUK Says UK to Gain From Replacing Oil Windfall Tax Early
The current windfall tax, called the Energy Profits Levy, was introduced in 2022 by the previous Conservative government after Russia's invasion of Ukraine sent energy prices soaring.
Read MessageOil Jumps on Saudi and Libya Outages
Brent neared $109 as pipeline and oil field disruptions tightened supplies.
Read MessageSaudi pipeline closure is a brief interruption that will last days, U.S. Energy Secretary tells CNBC
The Saudis closed the East-West pipeline after it sustained damage in a drone attack launched from Iraq.
Read MessageU.S. Steel clears final permit for $475 million oil and gas tubular facility
U.S. Steel has received the final permit for a $475 million quench-and-tempering facility in Alabama that will expand tubular capacity for the Permian, Eagle Ford, Haynesville and Marcellus basins.
Read MessageBorr Drilling divests Mexico joint venture stake, retains three jackup rigs
Borr Drilling will divest its 51% stake in Mexican joint venture Perfomex while retaining ownership of three jackup rigs operating under Pemex contracts through 2028 and 2030.
Read MessageThailand approves Valeura Energy farm-in to PTTEP offshore blocks
Thailand has approved Valeura Energy’s farm-in for a 40% interest in two PTTEP blocks in the Gulf of Thailand, advancing plans for further offshore exploration and development.
Read MessageHalliburton wins multi-year well services contract for Eni’s Cronos development
Halliburton has won a multi-year contract from Eni to provide integrated drilling, well construction and completions services for the Cronos ultra-deepwater gas development offshore Cyprus.
Read MessageTotalEnergies, Mistral launch AI program for oil and gas exploration
TotalEnergies and Mistral are investing more than $115 million to develop advanced AI models aimed at improving oil and gas exploration, reservoir analysis and field development decisions.
Read MessageTotalEnergies Expands AI Collaboration with Mistral into Exploration
The French companies aim to develop frontier models using 'nearly a century of knowledge, know-how and expertise accumulated by TotalEnergies in geosciences and reservoir engineering'.
Read MessageKistos Completes Acquisition of Stakes in Omani Producing Blocks
London-based Kistos consummated the purchase of Mitsui's stakes in Blocks 3 and 4 onshore Oman, marking its entry into the Middle East.
Read MessageNorth America Breaks Rig Loss Streak
North America added six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Read MessageChina's Crude Oil Futures Have Never Been So Expensive
Yuan-priced crude futures in China rallied to the highest level on record.
Read MessagePetronas, TotalEnergies Partner to Support Methane Monitoring in SE Asia
'As the first center of its kind in Southeast Asia, SEA METEC will support regional efforts to strengthen methane emissions measurement, monitoring, reporting and verification, technology research and development and capability building'.
Read MessageCorpus Christi LNG expansion makes facility the second-largest in the United States
On August 28, 2026, Cheniere Energy, Inc., completed its Corpus Christi Liquefaction Stage 3 Project (CCL Stage 3) in Texas, taking custody and control of the seventh and last liquefied natural gas (LNG) train in the project.
Read MessageHow Far Are We From 'Tank Bottom'?
There is a key question about how far we are from 'tank bottom', analysts at HSBC said.
Read MessageWhat Does the Yanbu Outage Mean?
The East-West Pipeline was subjected to multiple attacks and subsequently shut down, a statement posted on the official X page of Saudi Arabia's Ministry of Energy revealed.
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