ExxonMobil has awarded McDermott a letter of intent for engineering and procurement services on Mozambique’s Rovuma LNG Phase 1 project as Area 4 partners advance toward a final investment decision expected in 2026. SourceContinue Reading

BOURBON has placed its new Evolution 810 IMR vessel into service under a long-term offshore India contract, expanding its deepwater subsea fleet with advanced inspection, maintenance and repair capabilities. SourceContinue Reading

China Is Betting on Quantum Tech to Fix Its Power Grid | OilPrice.com Haley Zaremba Haley Zaremba is an energy journalist and researcher with more than a decade of professional experience covering global energy systems, land and natural resources, and… More Info Premium Content By Haley Zaremba – Aug 07, 2026, 4:00 PM CDT China...Continue Reading

Energy Affordability Trumps Climate in US Midterm Races | OilPrice.com Andrew Topf With over two decades of journalistic experience working in newspapers, trade publications and as a mining reporter, Andrew Topf is a seasoned writer specializing in… More Info Premium Content By Andrew Topf – Aug 07, 2026, 3:00 PM CDT Rising gasoline and electricity...Continue Reading

Russia’s Labor Shortage Worsens as Central Asian Workers Stay Away | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Aug 07, 2026, 2:00 PM CDT Central Asian entries into...Continue Reading

Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027 | OilPrice.com Julianne Geiger Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her… More Info Related News By Julianne Geiger – Aug 07, 2026, 1:05 PM CDT Citi...Continue Reading

Petrobras posted record oil and pre-salt production in the second quarter as offshore growth in Brazil’s Búzios field and continued E&P investment helped drive one of the company’s strongest quarterly results. SourceContinue Reading

Norway’s $2.3-Trillion Fund Opposes SEC Idea to Rescind Climate Reporting | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 07, 2026, 12:30 PM CDT The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, does not support the U.S. Securities and Exchange Commission’s...Continue Reading

The total number of active drilling rigs for oil and gas in the United States stayed the same overall this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 588, up 49 from this same time last year. The number of active oil...Continue Reading

ADNOC says it remains focused on meeting customer demand despite continued attacks on its vessels and assets, detailing the operational impacts of ongoing security disruptions affecting shipping through the Strait of Hormuz. SourceContinue Reading