Court Upholds Trump Admin Order to Restart SYU
The Justice Department claimed 'a significant victory for President Trump's efforts to unleash American energy'.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Norway Union, Helicopter Group Start Talks to Avert Strike
The Styrke union warned of an immediate strike should negotiations with the Federation of Norwegian Aviation Industries do not result in an agreement.
Read MessageAquaTerra reports record North Sea demand for decommissioning, maintenance services
AquaTerra Group is seeing record demand across North Sea decommissioning, integrity and late-life maintenance projects, with more than 150 personnel offshore and over 200 equipment kits currently on hire.
Read MessageBuru Mulls Mini Refinery in Western Australia
Buru said it plans to build a mini-refinery to supply the Kimberley region as part of a new sales model for the remaining volumes in the Ungani field in the Canning Basin.
Read MessageEquinor Secures Deal to Supply Crude to ORLEN
ORLEN signed a three-year agreement to buy five to more than nine million metric tons a year of crude oil from Norway.
Read MessageNATO member Romania scrambles F-16 fighter jets to destroy drone near critical European gas project
It comes weeks after Romania’s Air Force destroyed a Russian drone in its airspace.
Read MessageDangote Offers East African States 30 Pct Stake in Planned Refinery
Dangote Group has offered East African countries a 30 percent equity stake in the giant refinery planned for the region, according to Kenyan President William Ruto's top economic adviser.
Read MessageVarious Tankers Shuttle Saudi Oil North to Evade Houthis
Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern route, as Iran-backed militants target the kingdom's exports via the Bab el Mandeb chokepoint in the south.
Read MessageOil prices head for second weekly rise as U.S. vows to turn up economic pressure on Iran
Oil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.
Read Message'A delicate dance': JD Vance says economic pressure is the best way to achieve Washington's objectives in Iran
Vance said "what has been true over the last couple of weeks is they felt a lot more pressure than we have."
Read MessagePermian producers drive surging West Texas power demand
Permian electricity demand is soaring as producers electrify drilling and completions, with Diamondback Energy expecting its own power needs to double over the next decade even if production remains flat.
Read MessageIran Tensions Push Oil Near $94
Oil climbed to a one-month high as new US threats against Iran raised fears of a prolonged conflict.
Read MessageContinental to Buy 50 Pct of Mercuria Argentina Oil Firm
Billionaire shale pioneer Harold Hamm's Continental Resources Inc. signed agreements to buy half of an Argentinian shale oil firm owned by Mercuria Energy Group.
Read MessageNorway Posts Higher Monthly Gas Production
Norway produced about 12.38 billion cubic feet per day of natural gas in July, up for the second consecutive month on a sequential basis, according to preliminary official figures.
Read MessageUSA Crude Oil Stocks See Another Build
Crude oil stocks, not including the SPR, stood at 428.8 million barrels on August 14, the EIA's latest weekly petroleum status report showed.
Read MessagePetrobras, Pemex target deep pre-salt oil resources offshore Mexico
Petrobras and Pemex are evaluating high-risk pre-salt exploration opportunities offshore Mexico, applying Petrobras’ deepwater expertise to Jurassic source rocks beneath the Gulf of Mexico.
Read MessageTransocean wins $300 million ONGC drillship contract offshore India
Transocean has secured a two-year binding award with ONGC for the Dhirubhai Deepwater KG2 in India, adding approximately $300 million in contract value with options that could extend the drillship’s campaign into early 2031.
Read MessageDeepOcean completes Teal West subsea tieback in UK North Sea
DeepOcean has completed subsea construction and tie-in work for the Teal West development in the UK North Sea, connecting the field to the existing Anasuria FPSO using diverless subsea technology.
Read MessageContinental Resources to acquire FireBird Energy, adding 32,000 boed in Permian
Continental Resources has agreed to acquire FireBird Energy II, adding approximately 32,000 boed and 54,000 net Midland basin acres as the operator continues a Permian expansion that has increased its acreage by more than 40% in 14 months.
Read MessageMonumental Closes In on New Exploration Block in New Zealand
Monumental and its partners have identified gas prospects in the prospective area in the Taranaki Basin.
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