Equinor has awarded SLB’s OneSubsea venture an EPC contract to supply two satellite subsea systems for Northern Lights phase two, boosting storage capacity off Norway from 1.5 million to at least 5 million tpy starting 2026. SourceContinue Reading
Aliko Dangote plans to list his $20 billion, 650,000 bpd Nigerian refinery by 2026. The IPO could reshape West Africa’s downstream sector as crude runs increase and output reaches aviation fuel, diesel, and gasoline. SourceContinue Reading
TotalEnergies is in talks with potential buyers for its shale oil assets in Argentina’s Vaca Muerta, as international operators look to exit the region amid improved valuations and shifting investment priorities. SourceContinue Reading
UK Car Output Hits 76-Year Low | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jun 27, 2025, 2:00 PM CDT UK car production in May plunged...Continue Reading
U.S. shale drilling activity declined for the ninth straight week, marking the longest drop since mid-2020. Analysts say recent oil price gains haven’t been enough to reverse cautious spending by producers. SourceContinue Reading
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior. The total rig count in the US fell by 7 to 547 rigs, according to Baker Hughes,...Continue Reading
The Energy Workforce & Technology Council (EWTC) has released a statement praising the Trump Administration’s announcement of a historic offshore lease sale in the Gulf of America, slated to offer nearly 80 million acres for oil and gas development, signaling a clear shift back to American energy dominance. SourceContinue Reading
Oil-Rich Alberta Forecasts Unexpected Budget Surplus | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 27, 2025, 11:30 AM CDT Alberta expects to have booked a budget surplus of about US$4.2 billion (C$5.8 billion) for the fiscal year 2024-2025 that ended in March, as Nate...Continue Reading
Oil flows on the Transneft pipeline network, which handles 80% of all the oil Russia produces, fell last year and continue to slide in 2025, too, due to the OPEC+ agreement to withhold supply and technological issues at Russia’s oil-producing sites, the pipeline giant said on Friday. Due to the falling oil flows, Transneft doesn’t...Continue Reading
Colombian businesses are bracing for a deepening shortfall in natural gas supply that threatens to shutter some operations. Supplies of gas are expected to fall at least 10% short of demand next year, and possibly as high as 20%. SourceContinue Reading
