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Helmerich & Payne H&P just expanded its worldwide oil and gas exploration drilling business with a $1.9 billion acquisition of KCA Deutag

Helmerich & Payne, KCA Deutag form global onshore drilling powerhouse in $2 billion acquisition

Helmerich & Payne, Inc. and KCA Deutag International Limited (“KCA Deutag”) announced a definitive agreement under which the H&P drilling company will...

Kuwait Oil Company reports major light oil and gas discovery in offshore Al-Nokhatha field near Failaka Island, boosting national reserves.

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Kuwait Looks To Nearly Double Production After Major Oil Find

By Alex Kimani for Oilprice.com |A week ago, Kuwait Oil Company (KOC) announced a significant discovery of light oil and associated gas in...

US-Armenia military exercise near Yerevan sparks intense anger in Moscow. Small-scale joint operation draws outrage from Kremlin.

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Armenia Deepens Western Ties with U.S. Military Drills

Story Credit: By Eurasianet | An ongoing joint military exercise involving a comparatively small number of American and Armenian troops at a base in...

THE European Union has agreed to work together to keep an alleged “shadow fleet” of oil tankers transporting Russian oil out of the seas.

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EU, UK Agree New Crackdown on ‘Shadow Fleet’ Carrying Russian Oil

by Jov Onsat | RigZone.com | Forty-four European countries, including the United Kingdom plus the European Union, have agreed to work together to...

A Syrian businessman known in the region as the “godfather of oil” for the regime of Assad was reportedly killed in an Israeli airstrike

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Syrian “Godfather of Oil” for the Regime Killed in Drone Strike

If confirmed, the strike would be a bold step for Israel’s clandestine operations in Syria, taking out an Assad regime insider from...

Saudi Arabia boosted imports of dirty oil to the highest in over three years to help meet power demand during the scorching summer.

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Saudi Arabia Ramps Up Purchases of Dirtiest Oil Amid Scorching Summer

Story Credit| Anthony Di Paola | Bloomberg | Saudi Arabia boosted imports of the dirtiest type of oil to the highest in...

Recent Houthi attacks in the Red Sea have sharply increased, disrupting shipping routes and impacting oil markets,

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Houthi Attacks in Red Sea Sharply Increase

Story by Andreas Exarheas| RigZone.com|Recent Houthi attacks in the Red Sea have sharply increased, disrupting shipping routes and impacting oil markets, Rystad Energy...