trends

(Bloomberg) – bp Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a boost for the energy major struggling to reverse years […]

Rising Phoenix Capital, an investment firm specializing in oil and gas mineral royalty acquisitions, today announced a new strategic acquisition in the Midland basin. The mineral rights, located in Ector and Midland Counties, […]

(Bloomberg) – Oil gained Friday as traders braced for fresh U.S. efforts to crimp Russian energy exports.  West Texas Intermediate advanced almost 3% to settle above $68 a barrel after President Donald Trump […]

Houston-based technology company Xecta has expanded its partnership with global energy company Santos to scale the deployment of the Integrated Production System Model (IPSM) across the company’s assets in Eastern Australia and Papua New Guinea. […]

Perenco has completed its acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago, the company announced Friday. The finalization of the deal, combined […]

ASTM International is developing a standard (WK92298) that will provide a procedure to measure the rate of evaporation of oil over time and with temperature, the company announced. The test method aims to measure the […]

Mach Natural Resources today announced its expansion into the Permian and San Juan basins with two acquisitions valued at a total of $1.3 billion. The assets purchased from Sabinal Energy and IKAV Energy will nearly […]

The American international oil and gas company Hess (Suriname II) Exploration Limited (Hess) will relinquish Block 59 in offshore Suriname on 8 July 2025. The block will return to Staatsolie and become part of the […]

(Bloomberg) — Kuwait’s state energy company said OPEC+’s latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season.    “We’re seeing some potential tightness in […]

JDR Cable Systems (JDR), the global subsea cable supplier and service provider, part of the TFKable Group, has been awarded a significant service contract by Larsen & Toubro (L&T), an Indian multinational engaged in EPC projects, high-tech […]