Trump Admin's Geothermal Push Gets Big Test in Utah Desert
The future of geothermal energy, a renewable source that has charged up conservatives and liberals alike, is being charted in a scrubby patch of sagebrush.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Global Drilling Availability Narrowing, EIR Warns
Enverus Intelligence Research warned that global drilling availability was narrowing as demand was rising.
Read MessageJapan Plan Seeks to Back Pipelines Bypassing Hormuz
Japan plans to support the construction of pipelines that bypass the Strait of Hormuz.
Read MessageEight petroleum liquids pipeline projects have been completed since the start of 2025
In the 2026 release of our Liquids Pipeline Projects Database, we tracked the completion of 8 liquid fuels pipeline projects since the start of 2025, and an additional 14 new projects have been announced.
Read MessageSLB launches new artificial lift technologies for U.S. land operations
SLB has launched two artificial lift technologies for U.S. land operations, targeting rod-pump wear and gas-lift optimization, with field deployments of its Synthetix system showing production efficiency improvements of 10%–20%.
Read MessageAker BP starts production from 120-MMboe Skarv Satellites in Norwegian Sea
Aker BP has started production from three subsea fields tied back to the Skarv FPSO in the Norwegian Sea, bringing approximately 120 MMboe of recoverable resources online one year ahead of the original schedule.
Read MessageDrivers Could See $4 Gas on Labor Day for First Time Ever
For the first time in history, $4 gasoline could greet U.S. drivers on Labor Day, GasBuddy warned.
Read MessageWhy Oil's War Premium Is Unwinding Again
The change in sentiment has been swift, Ole Hansen, Saxo Bank Head of Commodity Research, said.
Read MessageIndian Refiners Widen Oil Search
Indian refiners are scaling back buying of Russian crude from elevated levels.
Read MessageIran, Oman Push Talks for 'Interim' Hormuz Reopening
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an 'interim framework' aimed at resuming shipping through the Strait, according to a joint statement carried by the Oman News Agency.
Read MessageIran and Oman prepare Hormuz deal as U.S. holds back on secondary sanctions
Iran and Oman are approaching a deal to secure safe transit through the Strait of Hormuz and future administration of the vital economic artery.
Read MessageOil falls on easing concerns of renewed tensions as the U.S. pivots to economic pressure on Iran
Oil fell Wednesday, as investors continue to assess the U.S. pivot toward economic sanctions rather than military strikes to add pressure on Iran.
Read MessageEquinor targets 950,000 boed of international production by 2030
Equinor is targeting 950,000 boed of production outside Norway by 2030, up from 750,000 boed in Q2 2026, as new projects and exploration support growth across its U.S., Brazil and Angola portfolios.
Read MessageOil Drops as Iran Diplomacy Gains
Oil extended losses as traders saw fewer signs of military escalation and US sanctions on Iran proved less severe than feared.
Read MessageWoodside Retreats on Clean Energy, Doubles Down on LNG
Australia's biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels.
Read MessageSri Lanka offers four offshore exploration blocks in new licensing round
Sri Lanka has launched its 2026 licensing round, offering four offshore exploration blocks covering nearly 34,000 km² in the Mannar basin, where previous drilling has confirmed a working petroleum system and gas-condensate discoveries.
Read MessageSpirit Energy completes $55 million UK North Sea decommissioning campaign
Spirit Energy has completed a $55 million UK North Sea decommissioning campaign, plugging and abandoning three subsea wells and removing more than 234 tonnes of offshore infrastructure with support from DeepOcean and Well-Safe.
Read MessageSLB selected for FEED work on Havstjerne carbon storage project
SLB and OneSubsea have been selected for reservoir, well and subsea engineering work on the Havstjerne carbon storage project in the Norwegian North Sea as the development advances toward FID.
Read MessageNorth America Drops Rigs WoW, Count Still Higher YoY
North America dropped eight rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Read MessageNet Power Executes Contract for Additional 123 MW Capacity
The development-stage gas power developer entered into an agreement to buy 123 megawatts of new generation equipment, increasing potential capacity for the first phase of its Project Permian to nearly 200 MW.
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