NEWS— Click on text to read news by category: General | Product | People | Worldwide
United States to Release 172 Million Barrels of Oil From the Strategic Petroleum Reserve
March 12, 2026
U.S. Secretary of Energy Chris Wright released the following statement regarding the International Energy Agency (IEA) and the U.S. Strategic Petroleum Reserve (SPR): “Earlier today, 32 member nations of the International Energy Agency unanimously agreed to President Trump’s request to
IEA Member Countries Unanimously Agree to Release 400 Million Barrels of Oil from Emergency Reserves
March 12, 2026
The 32 member countries of the International Energy Agency unanimously agreed today to make 400 million barrels of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle
Explosions Reported on Two Foreign Vessels in the Persian Gulf
March 12, 2026
Two foreign fuel tankers in the Persian Gulf were hit by explosions on Wednesday, authorities say. One person was killed and another 38 people were rescued after the incident near the Iraqi port of Umm Qasr, which Reuters and CNN
Kongsberg Digital, AIQ Enter Collaboration Agreement to Drive AI-powered Optimization for Drilling
March 12, 2026
Kongsberg Digital and AIQ have signed a strategic collaboration agreement to drive AI-powered optimization for drilling operations. The collaboration combines Kongsberg Digital’s industrial and domain knowledge with AIQ’s expertise in developing AI technology to explore the potential co-design and delivery
Emerson Launches Scalable Industrial Reliability with AI-Driven Asset Performance Management
March 12, 2026
Emerson has launched the next evolution of its AspenTech Asset Performance Management (APM) portfolio. The latest release of Aspen Mtell® provides a pathway for companies to drive immediate value and seamlessly scale from foundational asset health monitoring to best-in-class, AI-enabled
Flow Control Management Acquires Kingston Valve Co.
March 11, 2026
Flow Control Management (FCM) has acquired Kingston Valve Co., a division of Storm Manufacturing Group. “We are thrilled to announce the addition of Kingston to our portfolio, as this further expands our current safety valve offerings,” said Phil Pejovich, CEO
Northeast Natural Energy, Evolution to Advance Electric Fracturing Technology in Appalachia
March 11, 2026
Northeast Natural Energy (NNE) and Evolution Well Services have entered into a strategic partnership to deploy advanced electric fracturing solutions with reduced emissions, lower noise, and community-conscious operations in Appalachia. Building on prior experience working together, NNE and Evolution are
Japex Closes $1.26 Billion Acquisition of Verdad Resources’ D-J Assets
March 9, 2026
Japan Petroleum Exploration Co. (JAPEX) has completed its acquisition of all interests in Verdad Resources securing tight oil and gas assets in Colorado and Wyoming in a deal valuing the enterprise at $1.26 billion. Through its overseas sub-subsidiary Peoria Resources,
ARM Energy and PIMCO Make $2.3 Billion FID on Mustang Express Pipeline, Texas
March 6, 2026
ARM Energy has made a final investment decision (FID) on its 236 mile, 42-inch Mustang Express Pipeline. The $2.3 billion project benefits from an anchor shipper commitment from Sempra Infrastructure to provide natural gas for its Port Arthur LNG phase
Flowserve to Aquire Trillium Flow Technologies’ Valves Division for $490 Million
March 6, 2026
Flowserve has signed a definitive agreement to acquire Trillium Flow Technologies’ Valves Division (TVD) for $490 million in cash. Trillium Flow Technologies is a market leading provider of highly engineered mission-critical valves used in nuclear and traditional power generation, industrial,
