Borr Drilling to sell 51% stake in Perfomex to Mexican partner
Borr Drilling has signed definitive agreements to sell its 51% equity interest in the Mexican well services joint venture (JV) Perfomex to its local partner.
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TotalEnergies and Mistral launch oil and gas AI partnership
TotalEnergies has entered into a three-year partnership with French AI company Mistral to develop AI models for oil and gas reservoir exploration and engineering.
Read Full ArticleJapanese Refiners Rush for Oman Crude After Saudi Pipeline Shutdown
Some refiners in Japan this week rushed to buy Oman’s crude for earlier loadings after Saudi Arabia shut down its key pipeline bypassing the Strait …
Read Full ArticleJapan’s Oil Import Bill Soars 59% as Trade Deficit Deepens
Japan’s oil import bill surged by 58.7% on the year last month, with volumes rising by a much more modest 3.6%. This pushed the country’s …
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Halliburton wins well services contract for Eni’s Cronos project
Halliburton has been awarded a contract by Eni to provide a bundled package of well construction and completions services for the Cronos project offshore Cyprus.
Read Full ArticleHormuz Shipping Traffic Remains Stuck in Single Digits
Tanker traffic in the Strait of Hormuz remains a fraction of pre-war levels, with four vessels traversing the waterway on Tuesday, down from seven the …
Read Full ArticleChina Could Curb Fuel Exports as Diesel and Gasoline Stocks Sink
China’s diesel fuel and gasoline inventories are declining, which may eventually lead to the imposition of export curbs, Bloomberg has reported, citing recent fuel inventory …
Read Full ArticleSaudi Pipeline Outage Hits an Oil Market Running Out of Buffers
The war in Iran that had to be over and won by the United States in about six weeks is now in its seventh month …
Read Full ArticleChinese Solar Panels Drop to 12 Cents a Watt, Rooftop Installs Surge Worldwide
Chinese-made photovoltaic panels cost 12 cents a watt in 2026, down from $5-$6 at the turn of the millennium, and that price collapse is now …
Read Full ArticleHormuz Risk Opens $40-Plus Price Gap Between Crude Grades
Back in late June, after the United States and Iran agreed to cease hostilities in the Persian Gulf for 60 days, oil prices took a …
Read Full ArticleU.S. Oil Inventories Jump as Cushing Stocks Keep Falling
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by a very large 7.14 million barrels in the week …
Read Full ArticleSam Altman Is Selling Utilities the Cure for a Cyberattack His Own AI Helped Cau
The artificial intelligence boom is driving a new wave of autonomous cyberattacks, posing a major and growing threat to critical infrastructure, including the energy grid. …
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