Industry & Analysis
News
April 14, 2026
The IEA, IMF and World Bank warn that the Middle East conflict is causing prolonged disruptions to global oil and gas markets, with supply shortages and elevated prices expected to persist.
News
April 13, 2026
OPEC oil output fell by nearly 8 million bpd in March, the largest drop on record, as the Iran war and Strait of Hormuz disruption curtailed exports from key Gulf producers.
News
April 12, 2026
The U.S. Department of Energy has loaned 8.5 million barrels of crude from the Strategic Petroleum Reserve in a second release aimed at stabilizing oil markets amid supply disruptions tied to the Iran war.
News
April 12, 2026
President Trump said the U.S. will move to blockade the Strait of Hormuz after failed Iran talks, raising major risks to global oil and LNG flows through the critical energy chokepoint.
News
April 10, 2026
Saudi Arabia said attacks on key oil and gas infrastructure, including the East-West pipeline, disrupted production and exports, cutting output capacity by more than 600,000 bpd and tightening global supply.
News
April 09, 2026
ConocoPhillips has sent a team to Venezuela to evaluate potential oil and gas opportunities, signaling renewed interest in the country’s vast reserves as U.S. companies assess a possible return after years of asset seizures.
News
April 09, 2026
Oil flows through the Strait of Hormuz are expected to recover slowly following the U.S.-Iran ceasefire, with millions of barrels stranded in the Gulf and shipping, insurance and geopolitical risks continuing to limit transit.
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.
