5+ hour, 59+ min ago   (611+ words) Indian Oil Corp. and PetroChina have been among the most aggressive buyers in recent days. Traders familiar with the matter say IOC has accelerated spot purchases of Persian Gulf crude, while PetroChina recently bought millions of barrels from Saudi Arabia,…...

1+ day, 7+ hour ago   (705+ words) SLB announced Monday it has signed a definitive agreement to acquire Kelvion — a global provider of thermal management and heat exchange technologies — for approximately $3.4 billion in cash. The deal also includes SLB assuming roughly $0.7 billion in debt, valuing the transaction…...

4+ day, 6+ hour ago   (247+ words) The MOU was signed simultaneously in New York and Oak Ridge, Tennessee — a detail that hints at the geographic spread of both companies’ operations. The agreement establishes a structured framework, but it’s deliberately non-binding. No funding changes hands, no services…...

5+ day, 5+ hour ago   (638+ words) The timing isn’t random. Nearby results from a discovery well are adding fresh support to the basin’s hydrocarbon potential, and to the case for pushing PEL 93 toward the drill bit. The PEL 93 joint venture has applied to enter the Second…...

5+ day, 7+ hour ago   (280+ words) Malaysia’s national oil company posted MYR 27.2 billion — roughly $6.73 billion — in profit after tax for the first half of 2026, a four percent increase from the same period a year earlier. Petroliam Nasional Bhd, better known as Petronas, credited the gain to…...

5+ day, 20+ hour ago   (311+ words) The project would be built at one of two Swedish sites, with that decision still to come. The exclusivity period is fixed but can be extended by mutual agreement. Worth noting: the deal doesn’t constitute a final investment decision or…...

6+ day, 14+ hour ago   (492+ words) Rhode Island Energy announced on August 31, 2026, the completion of a $2.7 million electric system reliability project in Cumberland, Rhode Island—an investment aimed at cutting power outages for roughly 2,300 customers who have historically lost service three to four times a year....

6+ day, 21+ hour ago   (841+ words) A drilling derrick standing A gravel pad, a derrick, a rack of pipe and a diesel generator humming at the lease edge. The road in was graded for someone else, decades ago, and the pipeline it runs beside was laid…...

1+ week, 8+ hour ago   (414+ words) Rhode Island Energy announced August 25 that it will issue nearly $170 million in bill credits to customers across the state, following authorization from the Rhode Island Public Utilities Commission. The credits will apply to all RIE electric and natural gas customers,…...

1+ week, 10+ hour ago   (400+ words) Endurance™ is Otovo’s AI platform that monitors installed equipment, optimizes service from problem detection to resolution, and coordinates repairs around the clock. The clean energy transition revealed just how much technology is changing the energy industry by allowing developers to…...