(BOE Report) – U.S. natural gas futures soared by a record 89% over five days to a three-year high on Monday after an Arctic blast at the weekend froze oil and gas wells, cutting gas production to a two-year low on Sunday. On Monday, front-month gas futures for February delivery on the New York Mercantile Exchange (NYMEX) rose 64.3 cents,
(Oil Price) – The acquisition of ChampionX helped the world’s biggest oilfield services provider, SLB (NYSE: SLB), raise its North America revenue by 15% in the fourth quarter versus Q3 despite the softer market in the U.S. shale industry. SLB, which completed the acquisition of chemicals and engineering oilfield services provider ChampionX in the third quarter, saw its North America revenue
(World Oil) – Halliburton reported a sharp sequential improvement in fourth-quarter 2025 earnings, driven by higher international activity and improved operating margins, even as North American stimulation activity declined. The oilfield services provider posted net income of $589 million, or $0.70 per diluted share, on revenue of $5.7 billion. Adjusted operating margin rose to 15%, reflecting improved activity mix and year-end tool
(Oil Price) – Saudi oil giant Aramco expects AI and other advanced technology to have helped it achieve in 2025 a technology realized value of between $3 billion and $5 billion, chief executive Amin Nasser said on Tuesday. The world’s biggest oil firm in both production and market capitalization had total realized technology value of $6 billion in the period 2023-2024, the executive
(World Oil) – Energy Workforce & Technology Council said U.S. oilfield services employment edged lower in December 2025, closing out a year marked by workforce adjustment and market uncertainty. Energy services employment totaled 629,372 jobs in December, down 184 positions from November, according to preliminary data from the Bureau of Labor Statistics and EWTC analysis. The December figures cap a year in which
(World Oil) – Halliburton has introduced the Hypersteer MX directional drill bit, a matrix-body technology aimed at reducing well construction time in abrasive, high-flow environments. The bit merges shankless directional steerability with the durability of a matrix body to support longer drilling runs and fewer trips. Directional bits have historically required steel shanks to achieve steerability, leaving critical components exposed to erosion during
(World Oil)– Shell and INEOS Energy have made their first oil discovery in the Gulf of America after confirming hydrocarbons at the Nashville exploration well, a deepwater Norphlet find operated by Shell. The Nashville well, drilled in the Norphlet formation, was drilled more than five miles beneath the seabed and encountered high-quality oil in what the companies described as one of the
(World Oil) – WASHINGTON — The American Petroleum Institute (API) is welcoming the U.S. House of Representatives’ passage of two bipartisan bills aimed at overhauling the federal permitting process for energy and infrastructure projects. The legislation includes the Improving Interagency Coordination for Pipeline Reviews Act (H.R. 3668) and the Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act (H.R. 3898). Both measures are designed to
(World Oil) – The oil and gas industry could capture more than $320 billion in savings over the next five years by accelerating digital adoption across core operational domains, according to new analysis from Rystad Energy. The findings underscore how digital technologies—once considered optional enhancements—are rapidly becoming essential tools for efficiency, resilience and long-term competitiveness. Rystad identifies five priority areas
(World Oil) – Halliburton has promoted Shannon Slocum to executive vice president and chief operating officer, effective Jan. 1, 2026, marking a significant leadership shift as the company sharpens its focus on operational execution and long-term strategy. Slocum, who will also join Halliburton’s board of directors, will assume responsibility for global operations, business development, health, safety and environment (HSE), and worldwide technology.
(Oil and Gas 360) – Energy Advisors recently released its latest edition of its MarketMonitor series, which continues the theme emphasizing the role of traditional energy companies in building out more power for AI and data centers. Some “story-metric” AI companies have multi-billion-dollar market caps and don’t generate any revenue… and likely won’t for many, many years. Earlier, we laid the groundwork on the scale
(World Oil)– Transocean has secured approximately $89 million in new firm backlog after operators in Brazil, Norway and Romania exercised contract options on three of its floating rigs, the company announced. In Brazil, Petrobras exercised a 90-day option on the Deepwater Mykonos, continuing the ultra-deepwater drillship directly into its next campaign. The extension is expected to contribute about $33 million to backlog.
