The International Monetary Fund (IMF) says Saudi Arabia’s fiscal balance and current account depend heavily on oil price recovery and higher crude output. A 1 MMbpd rise in production could lift the kingdom’s fiscal balance by 3.2% of GDP as Vision 2030 spending expands. SourceContinue Reading
A Ukrainian drone attack on a gas plant in Russia’s Orenburg, one of the largest facilities of its kind in the world, continues to impact production in neighboring Kazakhstan as the European Union moves to phase out Russian gas imports by the end of 2027.Intake at the Kazakh facility, according to the Central Asian country’s...Continue Reading
Brent Bounces Off $60 as Kazakh Cuts and Asian Demand Lift Prices | 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 – Oct 21, 2025, 10:48 AM CDT...Continue Reading
Forum Energy Technologies’ (FET) Subsea division has secured a contract to supply two of its new-generation XLX EVO III work-class remotely operated vehicles (ROVs) to Nigerian offshore operator Marine Platforms Ltd. (MPL). SourceContinue Reading
Halliburton and VoltaGrid have entered into a strategic collaboration to develop and deploy distributed power generation systems designed to meet the surging energy needs of the global data center industry, with the first projects planned for the Middle East. SourceContinue Reading
Vår Energi reported strong third-quarter 2025 results, achieving early start-up at seven offshore projects including Johan Castberg and Balder’s Jotun FPSO. The company expects Q4 output of 430,000 boed and plans to sanction ten new Norwegian Continental Shelf developments in 2025. SourceContinue Reading
China Unveils World’s Largest Wind Turbine | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Oct 21, 2025, 10:30 AM CDT China’s wind and solar equipment giant Mingyang Smart Energy Group is developing a 50-megawatt (MW) offshore wind turbine that would...Continue Reading
Halliburton reported $5.6 billion in Q3 2025 revenue, led by North America growth and steady international results. Adjusted earnings rose to $496 million as the company emphasized cost discipline, technology leadership and shareholder returns. SourceContinue Reading
Kazakh Oilfield Cuts Production After Russian Gas Plant Drone Attack | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 21, 2025, 9:30 AM CDT Kazakhstan’s Karachaganak field producing oil and gas condensate has curbed production after what it referred to as “an incident” at a...Continue Reading
Brazil’s state-run Petrobras has received environmental approval to begin drilling its first exploration well in the Foz do Amazonas basin after years of regulatory delay. The project could open a new offshore frontier comparable to Guyana’s oil-rich plays, as Brazil seeks to sustain output beyond 2030. SourceContinue Reading
