China National Offshore Oil Corporation (CNOOC) has deployed what it describes as the world's first 16-megawatt tension-leg platform (TLP) floating offshore wind turbine, which set sail from Zhuhai in Guangdong Province at the end of June bound for the Lufeng…
Russia's largest Black Sea oil export terminal has effectively gone offline just days after drone attacks shut down the neighboring Caspian Pipeline Consortium terminal, tightening another artery that moves crude onto the global market.
OPEC+ is preparing to approve one more production increase for September and then put the monthly quota parade on hold through the end of the year.
US liquefied natural gas producer Venture Global has recorded a sharp jump in the fees it charges for turning natural gas into LNG, a gain the company links to supply disruptions in the Middle East arising from regional conflict.
Crude oil markets are on course for their sharpest weekly gain since April, with prices climbing roughly 12% as renewed hostilities between the United States and Iran disrupted flows through the Strait of Hormuz and rekindled fears over Middle Eastern…
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 587, up 45…
