News

Venezuela's oil output rose to 1.13 million barrels per day (bbp) in September from about 1.06 million bpd at the beginning of the year, according to official data shown by the country's oil minister, Delcy Rodriguez, at a conference in Caracas. Venezuela's output of gasoline and diesel averaged 177,500 bpd in August, an increase from the 146,200 bpd produced last year, according to the data. (Reporting by Deisy Buitrago and Vivian Sequera, writing by Marianna Parraga) [Read more]

U.S.-based energy company EQT Corp said on Wednesday it expects to maintain natural gas production in 2026 at levels consistent with its 2025 exit rate, following lower sales volumes forecast for the current quarter. Shares of the Pennsylvania-based company were down 3.8% at midday. The company expects total sales volume of 550 to 600 billion cubic feet equivalent (Bcfe) in the fourth quarter, lower than 634 Bcfe in the third quarter. It includes the impact of 15 to 20 Bcfe of strategic [Read more]

Persistently weak crude prices pressured merger and acquisition activity in the U.S. upstream oil and gas sector in the third quarter, analytics firm Enverus said on Wednesday. Dealmaking fell for the third straight quarter as U.S. crude futures averaged around $65 a barrel during the July through September period, around the level producers say they need to profitably drill. U.S. crude futures averaged $75 in the same quarter last year. Deals worth $9.7 billion were disclosed in the [Read more]

U.S. crude oil, gasoline and distillate inventories fell last week as refining activity and demand strengthened, the Energy Information Administration said on Wednesday. Crude inventories fell by 961,000 barrels to 422.8 million barrels in the week ended October 17, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.2 million-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 770,000 barrels in the week, the EIA said. Oil futures fell [Read more]

Saudi Arabia's crude oil exports in August rose to their highest level in six months, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. Crude exports increased to 6.407 million barrels per day (bpd) from 5.994 million bpd in July, marking their highest level since February 2025. Saudi Arabia, the world's largest oil exporter, recorded crude output of 9.722 million bpd in August, up from 9.201 million bpd in July. Refinery crude throughput in the kingdom fell [Read more]

FOR IMMEDIATE RELEASE  Calgary, AB – October 22, 2025 – Strike Group Limited Partnership (“Strike Group”) is pleased to announce the launch of Big Chief Strike (BCS), a new legal entity formed in partnership with Big Chief Industrial Inc., a Ktunaxa member-owned company. This initiative strengthens our collaborative market presence in Cranbrook and the Kootenay region of British Columbia. BCS brings together complementary services from both organizations, combining Strike’s Electrical [Read more]

With over 3,500 stages completed using the packerless BHA system, field data consistently demonstrates significant operational and environmental advantages for producers aiming to reduce cycle times, lower water consumption, and minimize mechanical risk during multistage completions. In one notable field application, Steelhaus Tryton successfully completed 128 consecutive fracturing stages on a single BHA run using its packerless coil-shiftable sleeve system. This achievement underscores the [Read more]