The Staggering Cost of Nigeria Missing OPEC+ Oil Quotas
Nigeria’s struggles to pump to its OPEC+ quota over the past year have resulted in a loss of $1.31 billion gross revenue for the biggest African oil producer, according to…
Which USA Oil Major Produced the Most in 2025?
Which U.S. oil major produced the most in 2025 – ExxonMobil, Chevron, or ConocoPhillips? Well, according to their recently released 2025 results statements, ExxonMobil took top spot, with 4.736 million…
Iran Leans on Russia to Develop Oilfields
Iran and Russia are strengthening their economic and energy cooperation and consider joint development of another Iranian oilfield, top officials from the countries said on Wednesday. Russian Energy Minister Sergei…
Big Tech Turns to Uranium as Data Center Power Demand Soars
Big Tech is considering supporting new uranium mining projects as companies need additional reliable power capacity for their huge data center expansion, according to the top executive of Canadian uranium…
U.S. Threatens to Quit IEA Over Green Energy Advocacy
The United States has threatened, once again, to quit the International Energy Agency (IEA) if the organization, created in the aftermath of the 1970s Arab oil embargo, doesn’t return to…
Texas Based E&P Firm to Deploy Up To $1B in 2026
Texas based U.S. Energy Development Corporation (USEDC) has announced a plan to deploy up to $1 billion in 2026. In a release sent to Rigzone this week, the company said it will…
Asia’s Crude Oil Imports Set for Record High in February
Asia is poised to import record volumes of crude oil this month as top importers boost purchases amid strong runs and a changing geopolitical situation. Asia, the key oil-importing and…
IEA Chief Warns Fracturing Global Order Is Splintering Energy Policy
A fracturing in the “global order” is threatening the harmony in energy policies, the head of the International Energy Agency has warned. “We see a fracturing in the global political…
