Trump allows Russian oil tanker to reach Cuba, breaking his fuel blockade of island
A Russian-flagged oil tanker reportedly reached Cuba on Monday after US President Donald Trump allowed it to break his administration’s…
North America
Economists see oil spike costing Canada jobs, raising inflation
Analysts see the consumer price index rising at a 2.4% annual pace this year Economists are boosting their forecasts for…
North America
Equinor Begins Drilling At Raia, Its Largest International Project Ever
Equinor has begun drilling on its largest international project ever, the $9 billion Raia development off the coast of Rio…
North America
Brazil’s president floats joint venture between Mexican state oil company Pemex and Petrobras
Mexico and Brazil are seeking to strengthen their economic ties. Could part of a more robust bilateral relationship be a…
North America
BREAKING: US Gov’t, TotalEnergies Strike USD 1 Billion Deal; Company to Invest Reimbursed Offshore Wind Fees in Its Oil & Gas Projects
The US Department of the Interior (DOI) and TotalEnergies have signed settlement agreements to terminate the company’s two offshore wind…
North America
US Drillers Add Oil Rigs For Second Week In A Row As Prices Soar
The total number of active drilling rigs for oil and gas in the United States fell this week, according to…
North America
Trump Alaska lease sale draws record $163 mln from oil majors
The U.S. government on Wednesday held its most successful sale ever of oil and gas drilling rights in Alaska’s National…
North America
BP, Chevron were top spenders at US Gulf of Mexico oil and gas auction
A sale of drilling rights in the Gulf of Mexico on Wednesday ended with $46.98 million in high bids from…
North America
Greenland’s Untested Oil Basin Could Be the Next Big Discovery
The last time the oil industry chased a frontier like this, it changed the map of global energy. In 1968,…
North America
Drilling Rig Industry Report 2025: ADNOC Drilling, Transocean, and Baker Hughes Pushing Technological Boundaries and Strategic Investments – Global Forecast to 2033
The Drilling Rig Market is poised to grow from USD 86.92 billion in 2025 to USD 140.75 billion by 2033,…
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