(Reuters) – ConocoPhillips said on Friday it had agreed to acquire a 42% stake in BP Energy Company of Kirkuk Ltd from BP, joining the British oil major in redeveloping four producing oilfields in northern Iraq. The agreement is expected to be signed during Iraqi Prime Minister Ali al-Zaidi’s official visit to Washington, where he …
ConocoPhillips Joins BP in Iraq as Baghdad Seeks More US Energy Investment Read More »
By Nicole Jao Strait of Hormuz flows have slowed after last month’s truce collapsed Iran pressed Houthis to disrupt Red Sea shipping if US hits power sites NEW YORK, July 17 (Reuters) – Oil prices climbed more than 4% to their highest in more than a month on Friday after the U.S. and Iran stepped …
Oil Settles Up on Renewed US-Iran Hostilities and Threat of Red Sea Closure Read More »
(Reuters) – U.S. energy firms this week added rigs for a fifth week in a row for the first time since early June, boosting the total count to its highest since April 2025, energy services firm Baker Hughes said in its closely followed report on Friday. The total rig count, an early indicator of future …
US Energy Firms Boost Rig Count to Highest Since April 2025, Baker Hughes Says Read More »
By API – American Petroleum Institute Almost 100 years ago, Americans built the Empire State Building, Hoover Dam and Golden Gate Bridge — projects that still define our country’s skyline. What might shock you is that while they were built with the tools and technology of another era, they each took less time to complete than …
AMERICAN ENERGY SNAPSHOT: Iconic Landmarks Took Years. Now Energy Projects Take Decades. Read More »
(Reuters) – For U.S. President Donald Trump, Australia’s failed “Great Emu War” nearly a century ago offers a highly relevant lesson: technological superiority does not guarantee victory against a dispersed and resilient foe. At first glance, efforts to prevent flocks of large, flightless birds from devastating farmland seem to have little in common with the …
Trump Could Get a Lesson on Iran From an Unlikely Source — Emus: Russell Read More »
If the U.S. and Iran do not increase oil flowing through the Strait of Hormuz soon, the world should worry about energy security, International Energy Agency Executive Director Fatih Birol said on Thursday. “Oil security is still a critical issue,” Birol told a Council on Foreign Relations event. “We should be worried, and I …
(Reuters) – Oil prices inched up on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi organisation to stand ready to shut the Red Sea export route. Brent crude futures rose 7 cents, or about …
Oil Rises on Intensifying US-Iran Hostilities, Threat of Red Sea Closure Read More »
Robert Tuttle (Bloomberg) – On the edge of the Canadian Rocky Mountains, companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir — except now they’re drilling for oil. Both firms are fracing into the sandstone that makes up the Basel Belly River formation in an area southwest of the Alberta’s provincial capital …
ENERGY NORTH: Canada’s Basel Belly River Shale Re-emerges as Oil Development Hotspot Read More »
By Shariq Khan Oil falls after rallying earlier in the week, analyst says sign of market exhaustion Iran tells Houthis to close Red Sea gateway if US hits power network, sources say US strikes Iranian coastal defenses, missile sites Fewer vessels have traveled through Hormuz strait after US resumed its blockade NEW YORK, July 16 …
Oil Settles Lower, But Remains Near One-Month High on U.S.-Iran Tension Read More »
(Reuters) – U.S. refiner margins registered a fresh record high for the third consecutive session on Thursday, as low stockpiles and worsening tensions in the Middle East threaten potential supply shortfalls in the world’s largest fuel consuming nation. U.S. refiners have been the biggest beneficiaries of the Iran war as international buyers have clamored for …
US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow Read More »
