Gulf Sovereign Wealth Funds Defy Oil Price Slump With $56 Billion Spending Spree
The sovereign wealth funds of Gulf petrostates continue to be the top state investors globally despite weaker oil prices this year. The share of sovereign wealth fund investments from the…
Dallas Fed Survey Shows Oil and Gas Activity Decline
Activity in the oil and gas sector declined slightly in the third quarter of 2025, according to oil and gas executives responding to the Dallas Fed Energy Survey. That’s what…
Atlas Copco acquires fellow compressed air specialist
Global compressed air and vacuum solutions specialist Atlas Copco has acquired SUTO iTEC (SUTO), a fellow specialist in measurement and monitoring solutions for compressed air and gases. SUTO is headquartered…
MidOcean to take stake in Petronas LNG Canada share
Liquefied natural gas business MidOcean Energy has signed a deal to acquire a 20% stake in the partnership that holds Petronas’ 25% interest in the LNG Canada Project. The deal…
Berkshire Hathaway in Talks to Buy Occidental’s Chemicals Business
Berkshire Hathaway is negotiating the acquisition of the petrochemicals business of Occidental Petroleum in a deal that could fetch $10 billion for the oil major, the Wall Street Journal has…
Oil Prices Edge Higher After Steep Two-Day Selloff
Oil prices recovered slightly in early Asian trading on Wednesday after two straight sessions of steep declines, as traders weighed the prospect of a larger OPEC+ output increase against signs…
Rystad Looks at Gaza Peace Plan
In a market update sent to Rigzone by the Rystad Energy team late Monday, Rystad highlighted that the White House has released “a 20-point peace plan to end the war…
Start-up ready with cleaning ingredient made from captured CO2
UK-based tech start-up Viridi has launched a key ingredient for cleaning products using captured carbon dioxide as a feedstock. The company, spun out of the University of Southampton, has created…
Crude Oil Inventories Continue to Fall
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by another 3.674 million barrels in the week ending September 30. This is on top…
EIA Data Shows Record U.S. Oil Output After Major Upward Revision
The U.S. Energy Information Administration just delivered a statistical shock: July’s monthly data shows U.S. total liquids output hitting a record 21.218 million barrels per day, nearly 500,000 bpd higher…
