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Among the awards are contracts for four currently idle deepwater rigs.

The $26-million project will serve as a collaborative hub for research, engineering, and testing.

Rystad Energy estimates up to 25 Bcf/D of natural gas output may have been temporarily halted as freezing weather swept key producing regions.

The deal targets increased investment and production from one of the country’s largest onshore developments.

The Doyon 26 drilling rig, reportedly the largest mobile land rig in North America, fell on its side while being transported in Alaska’s North Slope, sending eight people to area clinics for treatment of non-life-threatening injuries.

A series of major advances will move Phase One of the Alaska LNG Project from the development phase into execution.

The expansion project by QatarEnergy is expected to increase LNG production capacity to 142 mtpa when it goes online.

The Nasr-115 expansion project, within ADNOC’s larger Ghasha concession, is part of a development aimed at increasing capacity to 115,000 BOPD by 2027.

The US Energy Information Administration said it expects US crude oil production to stay close to 2025 levels in 2026 before dipping in 2027.

Damage to power distribution systems prompted precautionary shutdowns at two major oil fields.