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, after last week’s sharp decline. The total rig count in the US rose by 5 to 549 this week, according to Baker Hughes, down 40 from this...Continue Reading

Indian ONGC Set to Keep Stake in Russia’s Sakhalin-1 Oil Project | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 05, 2025, 11:30 AM CST India’s Oil and Natural Gas Corporation Limited (ONGC) is moving to keep its 20% stake in the Sakhalin-1 oil project...Continue Reading

Indian ONGC Set to Keep Stake in Russia’s Sakhalin-1 Oil Projec | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 05, 2025, 11:30 AM CST India’s Oil and Natural Gas Corporation Limited (ONGC) is moving to keep its 20% stake in the Sakhalin-1 oil project...Continue Reading

How Digital Oilfields Could Unlock $320 Billion in Savings | 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 – Dec 05, 2025, 11:00 AM CST Rystad Energy forecasts...Continue Reading

Eco Atlantic’s new strategic partnership with Navitas Petroleum adds fresh momentum to South Africa’s Orange basin, signaling renewed upstream interest and potential drilling acceleration across one of Africa’s most closely watched offshore frontiers. SourceContinue Reading

China’s Independent Refiners Boost Crude Buying After New Import Quotas | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Dec 05, 2025, 10:30 AM CST Helped by the newly-issued crude import quotas, China’s independent refiners are buying sanctioned Iranian crude again...Continue Reading

CPC Cuts Fail to Lift Brent as Saudi Pricing Undercuts Rally | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – Dec 05, 2025, 10:19 AM CST Oil...Continue Reading

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