However, no exact timeline was given. Last month, Libya resumed production at the Mabruk oilfield after a decade-long shutdown, Reuters reported, citing the Tripoli-based Government of National Unity.

Solaris Oilfield Infrastructure Inc., a $803 million market cap company, reported a strong start to 2025, with Q1 revenue reaching $126 million, marking a 31% increase from the previous quarter.

(Reuters) -Results next week will likely provide a peek into how the world's top three oilfield services companies are navigating the uncertainty fueled by the on-again, off-again U.S. tariffs ...

The panels coexisting with the endless red oil wells symbolize the oilfield's transition toward green practices. The installed solar capacity in the Xinjiang Oilfield has reached 200,000 kilowatts ...

Trump’s sweeping tariffs and China’s retaliation triggered a sharp drop in oil prices. The oilfield services sector is particularly vulnerable, facing reduced demand and profit margins due to ...

A volatile pricing environment for commodities, driven by rising trade tensions and strict capital management by upstream energy firms, is diminishing the demand for oilfield services, creating a ...

Aghorn Operating Inc., a Texas oilfield company, and its vice president pleaded guilty Tuesday to criminal charges resulting from the death of a worker and his wife in 2019 near Odessa.

In the biggest oil field in the U.S., dismayed frackers are starting to reconsider their drilling plans because they anticipate demand for their product to weaken—in part as a result of Trump ...

China National Offshore Oil Corporation Limited (CNOOC Ltd) commenced production at the Wenchang 9-7 Oilfield Development project in the western Pearl River Mouth Basin. The company said in a ...

Iraq has completed 2D and 3D seismic surveys at the Naft Khana oil field in the Northeastern Diyala governorate, paving the way for exploratory drilling under the fifth licensing round, a senior Iraq ...