Industry & Analysis
News
May 18, 2026
President Donald Trump said he postponed a planned military strike on Iran after appeals from Gulf allies seeking more time for negotiations, easing immediate fears of further disruption to global oil markets.
News
May 18, 2026
McDermott reported first-quarter 2026 revenue of $2.4 billion and a backlog of $17.6 billion as the offshore engineering contractor cited strong project execution and continued operations amid Middle East market uncertainty.
News
May 18, 2026
YPF has submitted a $25 billion RIGI investment proposal tied to its LLL Oil development in Argentina’s Vaca Muerta shale, targeting 240,000 bopd of export-focused production by 2032.
Article
April
The Gulf enjoys a renaissance in industry opinion and standing
News
May 15, 2026
Venezuela has begun circulating draft oil and gas regulations and proposed contract models outlining fiscal, operational and technical rules for foreign companies seeking to invest in the country’s energy sector.
News
May 17, 2026
The U.S. and Iran remained far apart Sunday on negotiations aimed at ending the conflict and reopening the Strait of Hormuz, while a drone strike near a UAE nuclear facility underscored ongoing security risks across the Gulf region.
News
May 15, 2026
The U.S. and China called for reopening the Strait of Hormuz following talks between President Donald Trump and Chinese President Xi Jinping, though negotiations over the Iran conflict remain deadlocked as oil prices continue climbing.
News
May 14, 2026
A bipartisan Senate bill backed by TIPRO and EWTC aims to prevent future LNG export permit moratoriums by strengthening protections for U.S. LNG approvals under the Natural Gas Act.
News
May 14, 2026
ICIS analyst Kojo Orgle warns that physical oil market tightness could persist for months even after a diplomatic resolution to the Iran war, as aggressive inventory drawdowns and ongoing Strait of Hormuz disruptions continue pressuring global supply chains.
News
May 14, 2026
President Donald Trump said Chinese President Xi Jinping supports diplomatic efforts to reopen the Strait of Hormuz as Gulf shipping disruptions and vessel security incidents continue to pressure global oil and LNG markets.
News
May 14, 2026
The Louisiana Legislature has unanimously endorsed the proposed Argent LNG export facility at Port Fourchon, backing development of the 25-MMtpa project as it advances through the federal permitting process.
News
May 14, 2026
A White House official said Chinese President Xi Jinping expressed interest in increasing U.S. oil purchases to reduce China’s dependence on the Strait of Hormuz as disruption to Middle East energy flows continues to pressure global markets.
News
May 13, 2026
Texas Railroad Commissioner Wayne Christian warned that rising federal debt, inflation and ongoing Strait of Hormuz tensions could threaten U.S. energy security and weaken the dollar’s dominance in global oil markets.
News
May 12, 2026
Indian Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus heavily on energy security and stable Gulf oil supplies as rising Middle East tensions and the UAE’s recent exit from OPEC reshape global energy markets.
News
May 12, 2026
The EIA will begin publishing new quarterly datasets tracking global petroleum reserves and key oil and LNG shipping chokepoints, as ongoing disruption in the Strait of Hormuz continues to pressure global energy markets.
News
May 12, 2026
Block Energy is entering the offshore Gabon upstream sector through an investment tied to the Ndjila and Mpari PSCs, adding discovered oil resources and exploration upside while launching a $6.3 million fundraise to support the transaction.
News
May 12, 2026
An Iraqi oil supertanker reversed course near the U.S. naval blockade line in the Strait of Hormuz as commercial shipping traffic through the critical energy chokepoint remained severely restricted amid escalating tensions between Washington and Tehran.
News
May 11, 2026
The Independent Petroleum Association of America praised the Trump administration’s decision to rescind the Bureau of Land Management’s public lands rule, arguing the rollback will improve regulatory certainty and protect access to federal lands for independent oil and gas producers.
News
May 11, 2026
The Energy Workforce & Technology Council (EWTC) reported a second consecutive month of U.S. energy services job growth in April, as companies cautiously expand hiring amid improving market conditions and ongoing geopolitical uncertainty.
News
May 11, 2026
IEA Executive Director Fatih Birol warned that the Iran war and prolonged Strait of Hormuz closure may permanently undermine confidence in one of the world’s most critical oil and LNG shipping routes, with major implications for global energy markets, inflation and economic growth.
News
May 09, 2026
Nigeria has captured 40% of Africa’s upstream final investment decisions following energy sector reforms aimed at improving fiscal terms, contracting speed and regulatory clarity.
