Industry & Analysis
News
July 09, 2026
The World Bank approved an $875 million financing package for Côte d'Ivoire and signed an interim agreement with Eni to support the country's Gas Master Plan and expanding natural gas infrastructure.
News
July 08, 2026
The UK has opened a public consultation on Adura's Jackdaw gas field as part of the regulatory approval process, marking another step toward production from one of the country's largest undeveloped North Sea gas projects.
News
July 08, 2026
Oil prices jumped Wednesday after U.S. President Donald Trump declared that the ceasefire with Iran was effectively over and said the U.S. would "probably" launch additional military strikes, raising the prospect of renewed conflict in one of the world's most important oil-producing regions.
News
July 07, 2026
EIA's July short-term outlook raises its global oil production forecast as Strait of Hormuz shipping recovers, while projecting lower Brent crude prices and continued growth in U.S. crude production and LNG exports.
News
July 07, 2026
The Bureau of Ocean Energy Management has issued a Request for Information to evaluate the potential use of the U.S. Outer Continental Shelf for offshore space launch, re-entry and recovery infrastructure, opening a 30-day public comment period.
News
July 06, 2026
Fulkrum reported 51% year-over-year revenue growth in the Middle East during the first quarter and plans to double its regional workforce over the next year as demand for inspection, asset integrity and technical staffing services continues to grow.
News
July 03, 2026
As Libya works to sustain its recent production recovery, the African Energy Chamber (AEC) says Angola's regulatory reforms offer a useful example of how policy certainty can help attract long-term upstream investment.
News
July 05, 2026
Seven OPEC+ members have agreed to increase collective oil production by 188,000 bpd in August, continuing the gradual rollback of voluntary production cuts while reaffirming their commitment to maintaining market stability.
News
July 02, 2026
Wood Mackenzie forecasts a long-term rise in Henry Hub natural gas prices as AI-driven power demand, LNG export growth and maturing U.S. gas supply reshape market fundamentals. The consultancy expects prices to approach $5/MMBtu (real) by 2035.
News
July 02, 2026
India plans to expand its strategic oil reserves and storage capacity following recent volatility during the Iran conflict, while increasing refining capacity as it strengthens energy security and positions itself as a global refining hub.
News
July 01, 2026
Oil prices fell for a third consecutive session as crude exports through the Strait of Hormuz continued to recover and indirect U.S.-Iran talks showed signs of progress, easing supply concerns despite ongoing geopolitical tensions.
News
July 01, 2026
Houlihan Lokey has agreed to acquire energy-focused investment bank Intrepid Financial Partners, expanding its oil and gas M&A, capital raising and restructuring advisory capabilities. The transaction is expected to close before the end of September.
News
July 01, 2026
Continental Resources retained the top spot in Enverus' annual ranking of the 100 largest private U.S. E&P operators, as the report points to renewed private capital deployment across the upstream sector.
News
June 30, 2026
Sable Offshore launched a $400 million equity and convertible debt offering as it works to refinance a loan owed to Exxon Mobil, sending shares sharply lower. The financing comes as the company continues efforts to restart offshore oil production off California's coast.
News
June 30, 2026
ADNOC is proposing a new pricing methodology for Upper Zakum, Das and Umm Lulu crude that would link official selling prices to the Dubai benchmark rather than Murban futures. The move could simplify regional pricing comparisons as the UAE expands crude exports.
News
June 30, 2026
Tenaris will invest more than $90 million to modernize its Pennsylvania steel shop and seamless pipe manufacturing facilities, expanding automation, improving production efficiency and supporting U.S. oil country tubular goods (OCTG) manufacturing for the energy industry.
News
June 29, 2026
After a fresh round of U.S. and Iranian strikes raised new concerns over Strait of Hormuz shipping, Washington and Tehran are preparing to resume talks in Doha as oil markets weigh the prospects for a lasting de-escalation.
News
June 26, 2026
Op-Ed: As Nigeria seeks to attract new upstream investment, the Dawes Island licensing dispute highlights why regulatory certainty and consistent license enforcement matter to operators and investors alike.
News
June 26, 2026
A Paris court has rejected efforts to block TotalEnergies from pursuing new oil and gas projects while directing the company to update its climate vigilance plan to address Scope 3 emissions.
Article
June
From Calgary to Colorado Springs, World Oil editor-in-chief Kurt Abraham examines the renewed optimism sweeping North America's upstream sector, highlighted by the IPAA-DEPA merger and growing confidence in the industry's future.
