Map showing U.S. and Canadian oil and gas rigs dropping in May 2025

North America Rig Count Drops: U.S. & Canada See Weekly Declines

North America dropped 11 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was ...
Oil prices decline in May 2025 amid Federal Reserve policy and China trade tensions

Oil Prices Drop as Fed Holds Rates, US-China Trade Tensions Linger

Oil slumped after Federal Reserve Chair Jerome Powell said officials aren’t in a hurry to adjust rates and as tensions ...
Weatherford CEO Girish Saligram speaks on offshore oil industry challenges at OTC 2025

Offshore Industry 2025: Weatherford CEO on Costs, Digital Skills & Resilience

In keeping with the overall themes raised on day one of OTC 2025, Weatherford CEO Girish Saligram discussed some of ...
Agentic AI transforming oil and gas industry

How Agentic AI is Transforming the Oil and Gas Industry in 2025

That was the question Rigzone posed to Toni Fadnes, the Chief Transformation Officer (CTO) of eDrilling, which describes itself on ...
Evolution Petroleum expands oil and gas portfolio with TexMex acquisition in 2025

Evolution Petroleum TexMex Acquisition Boosts Oil & Gas Output

Evolution Petroleum Corporation said it completed its acquisition of non-operated oil and natural gas assets located in New Mexico, Texas, ...
Oil prices weekly update April 2025

Oil Prices Edge Higher but Post Weekly Loss Amid Supply Concerns

NEW YORK, April 25 (Reuters) - Oil prices edged higher on Friday but posted a weekly decline, under pressure from ...
CNOOC offshore oil and gas drilling success in South China Sea 2025

CNOOC Makes Big Offshore Oil Discovery in China

CNOOC Ltd. announced Monday a “major” discovery in the Huizhou 19-6 oilfield in the South China Sea. Well HZ19-6-3 has ...
WTI and Brent crude oil price increase in 2025 amid trade war pause and pipeline shutdown

Crude Prices Surge After US Eases Tariffs, Despite OPEC+ Output Concerns

Oil prices surged for the first time since US President Donald Trump launched a trade war against most of America’s ...
Map of ILX drilling hotspots highlighting Southeast Asia, Western Europe, and the US Gulf of Mexico in 2025

“Oil & Gas Exploration Transformed: ILX Drilling to Dominate in 2025”

Oil and gas companies are increasingly focusing on near-field or infrastructure-led exploration (ILX) to reduce costs and risks in a ...
BP offshore gas discovery in Egypt's West Nile Delta project, revealing new gas reservoirs

BP Discovers New Gas Reservoirs Offshore Egypt in West Nile Delta Expansion

In a release posted on its site recently, BP revealed another discovery offshore Egypt. The company outlined in the release ...
US sanctions on Venezuela impact Eni and PDVSA oil payments in 2025.

US Sanctions Tighten: Eni Faces Payment Halt for Venezuelan Gas Supplies

Italian energy company Eni said it had been notified by US authorities that it can no longer be repaid for ...
Europe’s LNG imports surge in 2025 due to weak Asian demand and price drop

Europe’s LNG Imports Surge Amid Weak Asian Demand and Falling Gas Prices

Europe is taking advantage of weak Asian demand for liquefied natural gas and has boosted its LNG imports to the ...
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