Industry & Analysis
News
April 08, 2026
Oil and gas prices dropped sharply after a U.S.-Iran ceasefire deal, but the market remains on edge as Strait of Hormuz flows are still largely restricted. With more than 800 vessels stranded and supply disruptions lingering, the pace of recovery remains highly uncertain.
News
April 08, 2026
U.S. Bureau of Land Management (BLM) oil and gas lease sales generated $592.7 million in total receipts during the first quarter of 2026, reflecting continued federal leasing activity across multiple basins and a renewed sale in Alaska’s National Petroleum Reserve.
News
April 08, 2026
U.S. oilfield services employment rose to 627,018 jobs in March, gaining 1,877 positions month over month, as energy service companies cautiously increase hiring amid improving market conditions.
News
April 08, 2026
A U.S.-Iran ceasefire agreement is set to reopen the Strait of Hormuz, easing supply concerns and triggering sharp declines in oil and natural gas prices, though uncertainty remains over safe transit and the truce’s durability.
News
April 08, 2026
ExxonMobil reported a 6% drop in global production in the first quarter as Middle East conflict disrupted Gulf operations, including damage to LNG facilities in Qatar.
News
April 07, 2026
Colombia’s Ecopetrol has avoided potential operational disruption after its main oil workers union dropped a strike threat following the CEO’s departure, easing near-term risks to production.
News
April 07, 2026
Nigeria is highlighting renewed upstream investment and production growth ahead of the Invest in African Energy Forum in Paris, as reforms and new projects position the country to attract global oil and gas capital.
News
April 07, 2026
U.S. strikes near Iran’s Kharg Island, coupled with President Trump’s threat of wider attacks, are raising fresh concerns over global oil supply as tensions around the Strait of Hormuz persist.
News
April 06, 2026
Qatar LNG tankers have diverted routes as transit through the Strait of Hormuz remains constrained, highlighting ongoing disruption to global energy flows.
News
April 05, 2026
The Trump administration plans to reunite offshore drilling regulators split after the 2010 Gulf spill, aiming to streamline oversight of U.S. oil and gas activity.
News
April 03, 2026
A coalition of groups has filed a lawsuit challenging the U.S. decision to exempt Gulf offshore oil and gas operations from Endangered Species Act requirements, adding new regulatory uncertainty for operators.
News
April 02, 2026
bp’s new CEO steps in under pressure to simplify operations, cut costs and refocus on upstream oil and gas assets as investors push for a strategic reset.
News
April 02, 2026
INEOS Chairman Jim Ratcliffe supports proposed UK carbon tax cuts, warning of industrial decline and calling for increased domestic oil and gas development, including North Sea and shale resources.
News
April 01, 2026
Liberty Energy raises $525 million through a convertible notes offering, strengthening financial flexibility as the completion services provider continues supporting North American upstream activity.
News
March 31, 2026
A federal panel has approved an exemption allowing oil and gas drilling in the Gulf of America/Gulf of Mexico to proceed without certain endangered species protections, citing national security concerns in a rare decision that could accelerate offshore activity and reshape regulatory oversight.
News
March 31, 2026
Tensions in the Strait of Hormuz escalated after a tanker was struck and President Trump urged allies to secure the waterway, heightening risks to global oil and LNG flows as shipping disruptions threaten supply and energy markets.
News
March 30, 2026
WTI crude settled above $100 per barrel for the first time since 2022, as the Iran conflict and disruptions in the Strait of Hormuz tighten global oil supply, raising concerns over inflation, shipping constraints and further upside risk for energy prices.
News
March 30, 2026
The Railroad Commission of Texas assessed nearly $2 million in enforcement fines against oil and gas operators and related businesses, underscoring ongoing regulatory oversight of drilling activity and intrastate pipeline safety across the state.
News
March 30, 2026
Mercuria-backed Phoenix Global Resources is preparing a $6 billion expansion in Argentina’s Vaca Muerta shale, as President Javier Milei’s RIGI incentives boost investor confidence and accelerate drilling activity, positioning the basin as a growing contributor to global oil supply.
News
March 30, 2026
Perenco has denied reports that Gabon has launched legal action against the company, calling the claims “false and defamatory” and pushing back against what it described as inaccurate media coverage.
News
March 30, 2026
The G-7 signaled it is prepared to take coordinated action to stabilize global oil and gas markets as the Iran conflict drives volatility, with officials reaffirming support for strategic reserves, secure supply flows and measures to limit disruptions to energy trade and pricing.
