(Oilandgaspress) Against a background of escalating geopolitical tensions in the Middle East, international law does not permit Iran to obstruct transit passage through an international strait such as the Strait of Hormuz (the “Strait”). Yet, the mere declaration of closure (let alone threats issued by...
(Oilandgaspress) Roughly 15 million barrels of crude oil — about 20% of the world’s oil — typically are shipped every day through the Strait of Hormuz, according to independent research firm Rystad Energy. The threat of Iranian missile and drone attacks has all but stopped...
(Oilandgaspress) Oil prices have soared while share markets have skidded on fears that the escalating U.S.-Israeli war on Iran will squeeze energy supplies and hamstring industries around the world. Following are actions that governments are taking or plan to take to reduce the impact of...
(Oilandgaspress) The Baker Hughes International rig count is a monthly census of “active” drilling rigs exploring for or developing oil or natural gas outside North America (US & Canada). The rig count defines active rigs as rigs that are actively conducting drilling operations on...
(Oilandgaspress) U.S. Rig Count is up 1 from last week to 551 with oil rigs up 4 to 411, gas rigs down 2 to 132 and miscellaneous rigs down 1 to 8Canada Rig Count is down 9 from last week to 205 with oil rigs...
(Oilandgaspress) - TotalEnergies, operator of the Tilenga Project in Uganda through its affiliate TotalEnergies EP Uganda (TEPU), is publishing the independent assessment conducted by the Canadian firm Land & People Planning Ltd on the land acquisition, resettlement and livelihood restoration program implemented for the Tilenga...
(Oilandgaspress) International Rig Count is up 33 from last month to 1,112 with land rigs up 25 to 873, offshore up 8 to 239. International Rig Count is up 15 rigs from last year's count of 1,097, with land rigs up 22 offshore rigs down...
(Oilandgaspress) - Bentley has completed the craftsmanship of a bespoke Continental GTC designed by three extraordinary women from the world of music. After a visit to Bentley’s campus in Crewe last year, celebrated organist and conductor Anna Lapwood MBE, virtuoso cellist and composer Tina Guo and...
(Oilandgaspress) Dangote Petroleum Refinery and Petrochemicals reportedly reassured Nigerians that it is prioritising the local market to cushion the country from the unfolding shocks. According to the company, the Middle East conflict has already forced the shutdown of some refineries and reduced global refining output, tightening...
(Oilandgaspress) - Baker Hughes Company successfully priced a $6.5 billion debt offering consisting of five tranches of senior unsecured notes and a €3 billion debt offering consisting of four tranches of senior unsecured notes (collectively, the “notes”): $500 million 4.050% Senior Notes due 2029$1.25 billion 4.350%...
(Oilandgaspress) - TotalEnergies, already an Official Partner of the Tour de France and the Tour de France Femmes with Zwift in the " Energies " category for the 2026-2028 seasons, is becoming a partner of six major professional races in France. This increased support for...
(Oilandgaspress) -Tesmec S.p.A., a company at the head of a leading group in the market of technologies dedicated to infrastructure (overhead, underground and rail networks) for the transport of electricity, data and materials, as well as technologies for quarrying and surface mining, announces the signing,...