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The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count fell to 762 this week—229 rigs higher than the rig count this time in 2021. Oil rigs in the United …

Every year it seems that renewable energy companies are looking to produce bigger, more innovative wind turbines than ever before. As governments and private firms pump funding into research and development in renewable energy, operations are becoming more efficient, lower cost, and easier to scale. With Danish firm Vestas once …

Russian President Vladimir Putin on Friday, October 7, signed a decree that creates a new operator for the Exxon Mobil Corporation-led Sakhalin-1 oil and gas project in Russia’s Far East. Putin’s move affecting Exxon’s largest investment in Russia mimics a strategy he used to seize control of other energy properties …

The Minister of Oil and Gas, Mohammed Aoun, has stated that a new gas pipeline parallel to the existing one, could be extended to Italy, within four to six months, noting that Libya exports about 250 to 300 million cubic feet of gas to Italy per day. “There are huge …

French energy giant TotalEnergies will continue to ship liquefied natural gas from Russia as long as there are no European sanctions on the fuel, the company’s Chief Executive Patrick Pouyanne said on Wednesday, reiterating a previously stated position. “We will continue to ship LNG from Russia as long as there …

The world’s largest crude oil exporter, Saudi Arabia, left the official selling price of its flagship Arab Light grade unchanged for November loadings compared to October, sources familiar with the latest pricing told Reuters on Thursday. Saudi Arabia’s Arab Light will sell in November to Asia at a premium of …

The European Union needs to quickly intervene in its gas and energy markets, including by imposing a price cap on wholesale gas, to avoid a spiral of deindustrialization and social unrest amid sky-high energy prices, Belgium’s Prime Minister Alexander De Croo told the Financial Times in comments published on Thursday. …

Senior officials of the Islamic Republic of Iran and Russian Federation expressed their readiness to enhance bilateral cooperation in all fields especially in economic areas in spite of sanctions imposed against the country. Speaking a meeting with managers of 15 high-ranking Russian companies in various fields of energy, oil and …

Tokyo Institute of Technology scientists developed a polymer-based photocatalyst for CO2 reduction that exhibits unprecedented performance. Made from abundant elements and requiring no complex post-synthesis treatment or modifications, it could pave the way for a new class of photocatalysts for efficiently converting CO2 into useful chemicals. The idea is to …

Iran’s oil minister said on Thursday that oil and gas swap between Iran and Russia would turn Iran the hub of energy in the region. Javad Owji, who accompanied Iran’s First Vice-President Mohammad Mokhber in Moscow to attend the second meeting of the Caspian Economic Forum (CEF), said that Iran …