PTAS Aker Solutions has secured a significant two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP). PTAS Aker Solutions is a local joint venture between Aker Solutions and the Brunei company PTAS. SourceContinue Reading

Banks are staying confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey. The survey, now in its 12th edition, is a leading source of information for energy lenders and producers. SourceContinue Reading

IAEA Chief Warns of Potential Nuclear Accident in Ukraine | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jun 04, 2025, 11:00 AM CDT The IAEA Chief...Continue Reading

MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan. SourceContinue Reading

Trump to Use Emergency Powers to Boost U.S. Critical Minerals Industry | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 04, 2025, 10:30 AM CDT In a bid to wean the U.S. critical minerals supply chain off China, U.S. President Donald Trump plans to use...Continue Reading

The Hamm Institute for American Energy has announced the launch of the American Energy + AI Initiative. The initiative is a direct outcome of the Powering AI: Global Leadership Summit, held in April and attended by four U.S. Cabinet officials, energy CEOs and top technologists. SourceContinue Reading

TotalEnergies has signed an agreement with Shell to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field. SourceContinue Reading

Crude oil inventories in the United States fell by 4.3 million barrels during the week ending May 30, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute...Continue Reading

Russia’s Wealth Fund Shrinks by $5.8 Billion Amid Oil Price Slump | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 04, 2025, 9:30 AM CDT Russia’s National Wealth Fund, a rainy-day reserves fund, saw its liquid assets drop by the equivalent of nearly $6 billion...Continue Reading

Kazakhstan’s State Oil Firm Eyes Yuan Bonds as It Defies OPEC+ Cuts | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jun 04, 2025, 9:00 AM CDT KazMunayGas may issue panda...Continue Reading