The U.S. oil rig count posted its largest weekly increase since 2022 as rising crude prices tied to Middle East tensions and the Strait of Hormuz disruption boosted shale drilling activity, particularly in Texas. SourceContinue Reading
Oil prices turned to a gain Friday after Iran poured cold water on growing market hopes for a near-term agreement with the United States, reminding traders yet again that optimism around diplomacy and reality on the ground are not always moving in the same direction. Brent crude rose 0.78%, while U.S. benchmark WTI climbed 0.20%...Continue Reading
AI Could Unlock $500 Billion for Oil and Gas Producers by 2030 | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – May 22, 2026, 1:00 PM CDT...Continue Reading
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 558, down just 8 from this same time last year. The number of active oil rigs rose by...Continue Reading
Noble Corporation has appointed Halliburton Chairman, President and CEO Jeff Miller to its board of directors, adding additional oilfield services and offshore industry leadership experience to the company’s board. SourceContinue Reading
The African Energy Chamber is promoting new upstream investment opportunities across Africa to South American operators, highlighting LNG expansion, shale gas development and frontier exploration activity across the continent. SourceContinue Reading
Subsea7 has secured a substantial offshore Norway contract from Vår Eneri for the Goliat Gas Export Project in the Barents Sea, including pipeline installation and subsea infrastructure work tied to the Hammerfest LNG system. SourceContinue Reading
Kazakhstan Court Upholds $1.4 Billion Award Against Gazprom | 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 – May 22, 2026, 11:00 AM CDT Kazakhstan’s AIFC court recognized and enforced...Continue Reading
TotalEnergies has launched its 2026 employee share offering program, allowing employees and former employees to purchase discounted shares as part of the company’s long-term value-sharing and ownership strategy. SourceContinue Reading
Ukraine Hits 300,000-Bpd Gazprom Neft Refinery in Overnight Drone Strike | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 22, 2026, 10:30 AM CDT Ukraine targeted overnight the Yaroslavl oil refinery in Russia, escalating the drone attacks on Russian refining and oil exporting assets, Ukrainian...Continue Reading
