EnerMech wins two-year cranes contract extension with Dubai Petroleum
EnerMech has secured a two-year contract extension with Dubai Petroleum to continue providing the Middle East operator with…
Saudi, Argentina, and China Push to Tap Giant Shale Reserves
Over the past decade, the United States has become the world’s biggest crude oil producer and the top…
Rystad Energy Reveals Surprising Oil Resource Trends
Rystad Energy’s latest research shows the global amount of discovered, recoverable oil resources has increased by 5 billion…
Trump Moves to Open 82% of Alaska’s Petroleum Reserve for Drilling
Since coming into office, United States President Donald Trump has doubled down on his “Drill, baby, drill” statement…
Exxon Hits Major Milestone in Guyana with Early Startup of Fourth Oil Vessel
Exxon Mobil Corporation (NYSE:XOM) is one of the best commodity stocks to buy. The stock delivered a major…
Is China Moving Into Position To Take Over Iraq’s Key Oil Project From The West?
The Common Seawater Supply Project (CSSP) is the key to unlock massive gains in oil output from Iraq.…
Cenovus in talks to jointly buy oil-sands producer MEG, sources say
(Bloomberg) – Cenovus Energy Inc. is in talks with Indigenous groups in Canada to jointly buy MEG Energy…
Exxon Will Benefit Most from South America’s Newest Petrostate
The South American country of Guyana has recently emerged as a world-recognized oil-producing nation. This occurred due to…
Big Oil’s “Managed Decline” Strategy Masks An Expansion Push
For years, the talk in boardrooms and investor presentations has been about “discipline” and “capital efficiency.” These are…
Norway Plans Biggest Frontier Oil and Gas Licensing Round in Years
By Michael Kern – Aug 11, 2025, 10:00 AM CDT
Norway is initiating its 26th oil and…
After OPEC’s Oil Supply Cuts, What Now?
OPEC+ will complete the unwinding of its largest production cut next month after agreeing this weekend to boost…
Analysis-Sliding US rig count outpaces efficiency gains, threatening onshore oil output
By Georgina McCartney HOUSTON (Reuters) -The falling number of oil and gas rigs deployed across the United States…