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…

Eni Considers Return to Oil Trading as Rivals Reap Billions

Italy’s Eni is considering reopening its oil-trading business as it misses out on the profits that its fellow European supermajors are generating from selling the commodities they produce, the company’s…

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…

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…

Top Stories Of The Day: SECI Floats 10 MW Solar + BESS in Odisha; AI-Driven Renewables Must Cut Power Bills Says MNRE and More…

SECI has issued a Request for Selection for a 10 MW solar project integrated with 20 MWh BESS in Odisha under the Konark Solarization Scheme. The project aims to enhance…

Philippines Launches MTerra Solar, the World’s Largest Integrated Solar and Battery Storage Project

Laos is taking a major step to strengthen its position as a renewable energy hub in Southeast Asia. The country’s state electricity company has signed an agreement with a South…

Guyana Fast-Tracks Gas Expansion as Oil Cash Piles Up

Guyana’s sights are set much higher than just being the new oil darling of the Western hemisphere. It wants to be the gas darling too.  That’s the frame coming out…

Oil Prices Rebound as as Traders Reassess Iran Deal

Crude oil prices reversed much of the losses they suffered on Tuesday as traders sold, expecting a deal between Iran and the United States. Hours later, the wind of trader…

Santos to Axe 10 Pct of Workers after Decline in Annual Profit

Santos Ltd. is targeting a 10 percent headcount reduction after Australia’s second-biggest natural gas producer reported a slump in profit on lower oil and gas prices. The layoffs will include short-term…