Industry News

SB Energy Corp, a power infrastructure firm backed by SoftBank Group Corp and OpenAI, filed for a U.S. initial public offering.

Oil prices jumped as escalating US-Iran hostilities threatened an already tight global market.

ONEOK signed an agreement to buy Brazos Midstream's natural gas gathering and processing assets in the Permian Basin for around $4.425 billion in cash, enabled by a new $9 billion minority equity investment from Apollo.

The Norwegian oil and gas contractor announced the appointment of Paal Eikeseth, who has headed its Life Cycle business since 2022, as president and chief executive effective immediately.

North America dropped five rigs week on week, according to Baker Hughes' latest North America rotary rig count.

'Natref has implemented measures to ensure the affected unit remains operational until end-September'.

India's biggest oil explorer, Oil and Natural Gas Corp., plans to build strategic crude reserves.

SLB announced Monday that it has signed an agreement to acquire Kelvion.

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Malaysia's national oil and gas company reported around $6.73 billion in profit after tax for the first six months of 2026, up four percent from the first half of 2025 thanks to higher liquefied natural gas exports and higher products prices.

Russia has almost doubled the fleet of tankers ferrying liquefied natural gas from its U.S.-sanctioned Arctic project in less than a year.

Oil rose sharply as renewed US-Iran fighting heightened concerns about shipping through the Strait of Hormuz.

Goldman Sachs Group Inc. stepped up warnings of tightness in global refining driven by wars in the Middle East and between Moscow and Kyiv.

OPAL Fuels completed a renovation at its recently acquired fueling station in Goshen, California, adding 1.7 million gallons of gasoline equivalent capacity for renewable natural gas and compressed natural gas refueling.

'The OFF-5 block is currently in its first exploration period, and studies are underway to mature the area's hydrocarbon potential'.

Equinor has made a change to its board of directors.

An independent expert opinion found Hemen's 'mandatory offer' for the shares of Northern Ocean Ltd it does not already own 'is not fair from a financial point of view to the shareholders of NOL'.

Asian refiners have increased purchases of Argentinian crude as the Iran war disrupts supply from the Middle East.

U.S. President Donald Trump announced that the U.S. has 'entered into an Agreement with the Country of Venezuela on ... THE BIGGEST OIL DEAL IN WORLD HISTORY!'.

'The immediate bullish force is supply-security uncertainty', Naeem Aslam, CIO at Zaye Capital Markets, said.