Industry & Analysis
News
March 19, 2026
Oil and gas prices surged after strikes hit key Gulf energy infrastructure, including Qatar’s Ras Laffan LNG complex and refineries in Saudi Arabia, Kuwait and the UAE, raising concerns over prolonged supply disruptions and tighter global markets.
News
March 18, 2026
Iran and Israel have exchanged strikes on major energy infrastructure, including Qatar’s Ras Laffan LNG hub and Iran’s South Pars field, raising global oil and gas supply risks as Brent crude approaches $110 and Hormuz disruptions persist.
News
March 18, 2026
UK industry group Offshore Energies UK is urging reform of the North Sea windfall tax, saying changes could unlock £50 billion in investment, boost domestic gas production and significantly reduce the country’s reliance on LNG imports.
News
March 18, 2026
U.S. Vice President JD Vance will meet with oil industry executives at the American Petroleum Institute as fuel prices surge following the Iran conflict, with discussions expected to focus on supply, production and market stabilization efforts.
News
March 18, 2026
Saudi Aramco has restarted operations at its 550,000-bpd Ras Tanura refinery after a drone-related shutdown, restoring a key supply hub as Gulf energy infrastructure remains under pressure from ongoing regional conflict and shipping disruptions.
News
March 18, 2026
Iran has warned that oil and gas infrastructure across the Gulf could become targets following a strike on the South Pars gas field, raising concerns over regional supply disruptions and escalating risks to global energy markets.
News
March 17, 2026
Iran has intensified drone attacks on Saudi Arabia, targeting key oil-producing regions and raising concerns over potential disruptions to Gulf energy infrastructure, shipping routes and global oil supply amid escalating regional conflict.
News
March 17, 2026
BOEM has launched a NEPA environmental review of a proposed well stimulation plan, including hydraulic fracturing, at Platform Gilda offshore California, as part of an accelerated review process under national energy emergency procedures.
News
March 16, 2026
Texas Railroad Commission Chairman Jim Wright said Texas oil and natural gas production remains strong in a letter to President Donald Trump, emphasizing the state’s role in supplying U.S. energy and supporting national security.
News
March 16, 2026
The International Energy Agency said emergency oil reserves from a record 400-million-barrel global stock release will begin flowing immediately to Asian markets as buyers seek to replace Middle East supply disrupted by the Strait of Hormuz shutdown.
News
March 16, 2026
TotalEnergies says Middle East conflict has forced shutdowns of offshore production in Qatar, Iraq and the UAE, affecting roughly 15% of its global output.
News
March 15, 2026
California officials have ordered Sable Offshore to remove a segment of the Santa Ynez Pipeline crossing Gaviota State Park, escalating a dispute days after the Trump administration directed the company to restart offshore oil operations.
News
March 14, 2026
The U.S. Energy Department confirmed that its planned 172-million-barrel Strategic Petroleum Reserve release tied to the Iran conflict will be structured as an exchange, with companies borrowing crude and returning it later with additional barrels.
News
March 14, 2026
The Trump administration has ordered Sable Offshore to restore operations at California’s Santa Ynez offshore oil unit and pipeline system under the Defense Production Act, a move aimed at boosting West Coast crude supply and reducing reliance on imported oil.
News
March 14, 2026
U.S. strikes on Iran’s Kharg Island targeted military assets while taking pains to not damage the country’s primary oil export terminal. But the conflict continues to disrupt tanker traffic through the Strait of Hormuz.
News
March 13, 2026
Brent crude settled above $100 a barrel for a second straight session as the Middle East conflict disrupts tanker traffic through the Strait of Hormuz and fuels extreme volatility across global oil markets.
News
March 13, 2026
The U.S. Interior Department has approved bp's Kaskida deepwater development in the Gulf of America/Gulf of Mexico. The project, expected to begin production in 2029, could unlock an estimated 275 MMbbl of oil from bp’s Paleogene discoveries.
News
March 13, 2026
The U.S. has begun releasing 86 MMbbl of crude from the Strategic Petroleum Reserve as part of a coordinated international effort to ease oil prices following supply disruptions linked to the Iran conflict and halted tanker traffic through the Strait of Hormuz.
News
March 13, 2026
Venture Global has taken final investment decision (FID) on Phase 2 of its CP2 LNG project and secured $8.6 billion in project financing, bringing total financing to $20.7 billion as the company expands U.S. LNG export capacity.
News
March 13, 2026
OPEC crude output rose by 640,000 bpd as Saudi Arabia increased production ahead of escalating tensions with Iran, according to a survey. The surge came just before tanker flows through the Strait of Hormuz were disrupted by regional conflict.
News
March 13, 2026
Germany criticized the U.S. decision to temporarily ease sanctions on Russian oil cargoes already at sea, warning the move could send the wrong signal to Moscow as oil prices rise following the Iran conflict.
