OMV Petrom and NewMed Energy have awarded a drilling rig contract to Noble Corporation for the drilling of two offshore exploration wells in the Black Sea, offshore Bulgaria. Two exploration wells will be drilled on the Han-Asparuh Block with the selected ultra-deepwater drillship, Globetrotter I. SourceContinue Reading
Russia Faces Coordinated U.S.-EU Crackdown as Oil Sanctions Escalate | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Jul 22, 2025, 3:00 PM CDT Trump has warned...Continue Reading
The world’s largest provider of hydraulic fracturing is forecasting shrinking margins in its biggest business line as weakening demand weighs on the prices it can charge, CEO Jeff Miller said Tuesday. The company plans to idle or retire some equipment. SourceContinue Reading
The ongoing push by EU countries to target Russia’s primary revenue source—oil and gas exports—has received a significant boost. With its 18th sanctions package, the EU has agreed not only to hit Moscow’s energy sector harder but also to impose a significantly lower price cap on Russia’s oil exports. The package faced internal resistance, particularly...Continue Reading
A group of eight oil and natural gas trade associations are calling on lawmakers in the U.S. House of Representatives to “take swift action on permitting reform,” in a letter to Chairman Bruce Westerman ahead of an oversight hearing tomorrow in the House Natural Resources Committee. SourceContinue Reading
Fracking Giant Halliburton Warns of Softer Oilfield Services Market | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 22, 2025, 12:00 PM CDT Despite posting second-quarter earnings in line with expectations, Halliburton Company (NYSE: HAL) warned on Tuesday that the oilfield services market will be...Continue Reading
Why Chevron Is Scaling Back Its Permian Footprint | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 22, 2025, 12:00 PM CDT Chevron is approaching a production plateau in the Permian Basin and is shifting its strategy from prioritizing growth to generating...Continue Reading
Steel Buyers Eye Bargains Amid EU Price Drop | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Jul 22, 2025, 11:00 AM CDT European hot-rolled coil prices...Continue Reading
ExxonMobil was recently denied a motion to dismiss a lawsuit that claims it breached a Contingent Resource Payment Agreement (CRPA) it held with InterOil, a company with natural gas interests in Papua New Guinea whom Exxon acquired in 2017. SourceContinue Reading
Shell, Aker BP and Enbridge have all left the SBTi, the leading global standard setter for corporate climate targets. The retreat started late last year after the companies were told that a net zero emissions strategy accredited by SBTi would require them to stop developing new oil and gas fields, the Financial Times reported. SourceContinue Reading
