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The price to rent a deepwater drilling oil rig in the Gulf may climb to near-record levels if demand from oil companies continues to increase

Deepwater Oil Rigs May Fetch $600,000 a Day as Spending Expands

By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may climb to near-record levels if demand from oil...

A major oil and gas discovery in Pakistan's waters could transform its economy, but cautious optimism is advised as exploration begins.

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Major Oil and Gas Reserve Found in Pakistan’s Waters

Some projections rank this discovery as the world’s fourth-largest in terms of oil and gas reserves. A significant discovery of oil and...

As fuel supplies are growing after demand peaked for the summer, refining margins across Asia fell this week to their lowest level post-2020

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Asia’s Refining Margins Plunge to 2020 Low as Peak Summer Demand Ends

Story By Charles Kennedy for Oilprice.com| Refining margins across Asia fell this week to their lowest level for this time of year...

Argentina's new Basis Law aims to attract major energy investments with tax breaks, legal stability, and foreign currency access. Brazil, meanwhile..

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Argentina and Brazil Take Different Approaches to Energy Policy

Story from Rystad Energy| Argentina has made a big step forward in attracting foreign and domestic investment into the country’s energy sector...

Oil stocks lose appeal as oversupply looms. Analysts cut price targets for European majors amid rising supply and slowing demand growth.

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European Oil Majors Are Set to Struggle as a Supply Glut Looms

Irina Slav for Oilprice.com | Oil stocks went back in vogue two years ago with a vengeance as investors sought to take...

Global oil inventories have tightened significantly, reaching their lowest levels in nearly two years, just before an upcoming Opec+ meeting.

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Global Oil Inventories Shrink as OPEC+ Decision Looms

By Julianne Geiger for Oilprice.com | As OPEC+ gears up for its next meeting, the group finds itself at a crossroads that...

Santos Says Natural Gas Demand Will Remain Strong After 2050 despite government and company efforts to zero out emissions by mid-century.

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Santos Says Natural Gas Demand Will Remain Strong After 2050

by Bloomberg|Paul-Alain Hunt, Stephen Stapczynsk| According to Kevin Gallagher, the head of Santos Ltd, demand for natural gas will remain strong despite government...

Poland received a European German arrest warrant issued by Berlin concerning the 2022 attack on Nord Stream pipelines, but he as left the country

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Poland received German request to arrest Nord Stream suspect but he’s left country, prosecutors say

Rachel More and Anna Wlodarczak-Semczuk |REUTERS| BERLIN| Poland received a European arrest warrant from the Germans in Berlin, concerning the 2022 attack...

Geopolitical risks in the Middle East rise, threatening oil supply and market stability amid the Israel-Hamas conflict, per BMI analysts

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BMI Analysts Put Middle East War Risk at 50 Pct

Story by Andreas Exarheas| RigZone.com| Geopolitical risks in the Middle East have risen to their highest level since the start of the...

In an unprecedented string of escalating events, Iran is expected to retaliate against Israel within the next 48 hours.

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Iran Expected to Retaliate Against Israel by Tomorrow

Story by Andreas Exarheas| RigZone.com | In its latest Maritime Security Threat Advisory (MSTA), which was released on August 5, Dryad Global warned...

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