Baker Hughes and Cactus, a global manufacturer of pressure control equipment for oil and gas drilling, have entered a new joint venture involving Baker Hughes’ surface pressure control (SPC) product line. Cactus will own 65% of the JV, while Baker Hughes will retain a 35% stake. SourceContinue Reading

President Trump announced Friday that steel and aluminum tariffs will double from 25% to 50%, calling the move a cornerstone of his “America First” agenda to revive U.S. manufacturing. The tariffs, set to take effect Wednesday, sparked a sharp rally in U.S. metal stocks in premarket trading as investors bet on stronger domestic production and...Continue Reading

The Trump administration is moving to repeal Biden-era curbs blocking oil drilling across most of the mammoth petroleum reserve in Alaska that’s home to an estimated 8.7 billion barrels of recoverable oil. SourceContinue Reading

U.S. Sanctions Threaten Europe’s Russian Gas Lifeline | OilPrice.com Cyril Widdershoven Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently he works as Director of Energy Security and Supply Chains, at Strategy… More Info Premium Content By Cyril Widdershoven – Jun 02, 2025, 11:00 AM CDT Despite public rhetoric, Europe’s reliance...Continue Reading

Air Strikes Continue as Ukraine and Russia Meet in Istanbul | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jun 02, 2025, 10:00 AM CDT Delegations from...Continue Reading

Aker Solutions has successfully installed an autonomous drone system on Aker BP’s Edvard Grieg platform in the North Sea, marking a major step toward fully autonomous offshore inspections. SourceContinue Reading

Carney Vows to Fast-Track Canadian Energy Projects | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 02, 2025, 9:29 AM CDT During a meeting with oil and gas executives in Canada’s oil-producing province of Alberta, Canadian Prime Minister Mark Carney pledged that the federal government...Continue Reading

UAE’s Oil Giant ADNOC to Cut Murban Crude Exports | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jun 02, 2025, 9:00 AM CDT ADNOC will cut Murban crude exports by up to 177,000 bpd through May 2026, reallocating supply to the Ruwais refinery. Spot premiums...Continue Reading

Trump Administration to Roll Back Biden’s Curbs on Alaska Oil Drilling | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 02, 2025, 8:30 AM CDT The Trump Administration is working to roll back the severe restrictions on oil and gas drilling in Alaska imposed by...Continue Reading

Turkey Partners With Socar and BP in Azeri Caspian Sea Gas Field | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jun 02, 2025, 7:30 AM CDT Turkey’s state energy firm...Continue Reading