TopGlobal Pump & Valve Powerhouse Meets in Wenzhou!
Join the 2025 China Wenzhou Int’l Pump & Valve Fair—the crown jewel of Wenzhou Pump & Valve Industry Week! From cutting-edge exhibitions to high-level forums, factory tours, and global buyer matchmaking, this is where the industry unites.Oct…
U.S.-Venezuela Tensions Intensify Regional Energy Risks
U.S.-Venezuela tensions are again rippling through energy and security markets, prompting President Donald Trump to rule out immediate military strikes while maintaining a buildup of American naval assets in the Caribbean. His comments followed report…
Supermajors Bet Big on Long-Term Oil Demand
The world’s largest international oil firms are ramping up production even as crude prices have weakened this year and global supply growth continues to outpace the demand increase, setting the stage for a glut in the coming months. The European maj…
Petronas Keeps the Gas Flowing as Malaysia Burns More Coal
Liquefied natural gas has once again become trendy. After several years under attack from environmentalists, even the EU has accepted that natural gas, in whatever form it can get it, is going to stay in the energy mix for quite a while yet. The U.S. …
North Sea Energy Firm Falls Into Administration Amid Mounting Crisis
North Sea oil and energy services group Petrofac has appointed administrators, putting thousands of jobs at risk.The company said it took the decision after one of its customers, TenneT, terminated its relationship over a 2GW energy programme in the N…
Petronas Keeps the Gas Flowing as Malaysia Burns More Coal
Liquefied natural gas has once again become trendy. After several years under attack from environmentalists, even the EU has accepted that natural gas, in whatever form it can get it, is going to stay in the energy mix for quite a while yet. The U.S. …
Washington’s Oil Sanctions Rattle Asia’s Energy Security
The U.S. federal government this week declared sanctions on two of the largest Russian crude oil exporters, Rosneft and Lukoil, which together account for about half of the country’s total outflows. Oil prices jumped, traders got excited—then prices…
Oil Rig Count Incher Higher Amid Oil Price Rally
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday.The total rig count in the US rose this week to 550, according to Baker Hughes, down 35 from this…
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America's Oil Boom Concentrated in Ten Permian Counties
If you want to know where America’s oil boom is happening, no need to look at the whole map—because it’s limited to just ten counties in the Permian Basin. Between 2020 and 2024, these small dots in Texas and New Mexico delivered 93% of all U.S. cr…
Malaysia’s Petronas Flags Challenges as Profit and Production Slump
Malaysia’s national energy giant Petronas booked lower revenues and profits amid falling oil prices and a challenging macro and operational environment, which also led to a 3% decline in first-half oil and gas production.Petronas reported a 24% decli…
Texas May Have to Shut Down Data Centers to Protect Its Energy Grid
Texas is preparing to cut off power to data centers during grid emergencies — a sign of just how strained the system has become.Over the Fourth of July, deadly floods swept across central Texas, disrupting infrastructure and causing widespread outage…