Rystad Energy says digitalization could save oil and gas operators more than $320 billion in five years, as drilling optimization, robotics, predictive maintenance and new tech partnerships reshape the OFS sector. SourceContinue Reading

Heavy Crude Prices Could Surge as U.S.-Venezuela Tensions Escalate | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 05, 2025, 9:30 AM CST A loss of Venezuelan oil production in case of a U.S. military intervention will materially impact global benchmark prices as the market...Continue Reading

Kazakhstan will be shipping up to 30 percent more oil westward via the Baku-Tbilisi-Ceyhan pipeline starting in December, compared to November, the Reuters news agency reported, citing industry sources.  The shift can be attributed to recent Ukrainian drone attacks on Caspian Pipeline Consortium facilities in and around Novorossiysk, Russia. The CPC route, which handles the bulk...Continue Reading

Equinor and Aker BP have uncovered new gas and condensate volumes in Norway’s North Sea, with early estimates pointing to up to 113 million boe and tie-in potential to nearby infrastructure. SourceContinue Reading

Cargill and Uzbekneftegaz Ink Deal to Boost Central Asian Energy Security | 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 Related News By Tsvetana Paraskova – Dec 05, 2025, 8:00 AM CST Uzbekistan’s state oil and gas...Continue Reading

Germany Scales Back Offshore Wind Auctions After Latest Flop | 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 Related News By Tsvetana Paraskova – Dec 05, 2025, 6:00 AM CST Germany moved to reduce the capacity it...Continue Reading

Equinor Makes Two Large Gas Discoveries in Norway’s North Sea | 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 Related News By Tsvetana Paraskova – Dec 05, 2025, 7:00 AM CST Equinor announced on Friday two gas...Continue Reading

By Editorial Dept – Dec 05, 2025, 7:00 AM CST Russia’s warnings to Europe this week line up with the way it is conducting this war. Moscow is trying to raise the background risk level for EU states as they debate deeper support for Ukraine’s long-range and industrial needs. The objective is not a direct...Continue Reading

Black Sea Risks Mount as Military and Energy Interests Overlap | OilPrice.com Premium Content By Editorial Dept – Dec 05, 2025, 7:00 AM CST Politics, Geopolitics & Conflict The Houthis’ decision to release the Tutor crew after months of holding them was not a goodwill gesture. Oman facilitated the handover, but the move reflects outside...Continue Reading

Oil Markets on Edge as Geopolitical Risk Counters Weak Fundamentals | OilPrice.com Premium Content By Editorial Dept – Dec 05, 2025, 7:00 AM CST Light Crude Oil Futures (WTI) ended Thursday at $59.67, up $1.12 on the week, a 1.91% advance that unfolded within a range of $58.28 to $60.02. The narrow climb masked a...Continue Reading