Industry & Analysis
News
July 29, 2026
SoftVest and Blackbeard have agreed to combine Permian Basin Royalty Trust with Blackbeard's land and mineral assets in a $2.2 billion transaction creating one of the Permian Basin's largest integrated land and royalty platforms.
News
July 28, 2026
The Hibernia platform has reported its second potentially fatal safety incident since May after a worker was injured by falling casing during drilling operations, prompting continued oversight by Canada's offshore energy regulator.
News
July 28, 2026
A record-setting BLM geothermal lease sale in New Mexico is driving higher federal acreage values, with Enverus forecasting stronger competition and rising bids in upcoming geothermal auctions across the western U.S.
News
July 28, 2026
President Trump said he wants to avoid further escalation with Iran as negotiations continue over reopening the Strait of Hormuz, keeping global oil markets focused on the region's critical shipping corridor.
News
July 27, 2026
Macquarie analysts say the global oil market could return to oversupply before year-end if tensions between the U.S. and Iran ease, allowing Middle East crude exports to recover and putting renewed downward pressure on oil prices.
News
July 27, 2026
TotalEnergies has appealed a French court ruling in a climate-related duty of vigilance case, arguing that climate change falls outside the scope of the country's corporate vigilance law and that companies cannot be held responsible for how customers use their products.
News
July 27, 2026
Oil prices fell sharply as the U.S. paused strikes against Iran and crude exports resumed through Kazakhstan's CPC terminal, easing immediate supply concerns despite ongoing geopolitical risks in the Middle East.
News
July 24, 2026
The U.S. Department of Energy has granted Argent LNG a 20-year authorization to export up to 25 MMtpa of liquefied natural gas from its proposed Port Fourchon, Louisiana, terminal to Free Trade Agreement nations, marking a major regulatory milestone for the project.
News
July 25, 2026
Kuwait Oil Company has secured a landmark $16 billion infrastructure partnership that will generate nearly $8 billion to help fund upstream growth, supporting the country's strategy to expand crude oil production capacity to 4 MMbpd by 2035.
News
July 24, 2026
SLB reported stronger second-quarter revenue as international offshore growth offset continued Middle East disruptions, with deepwater activity, production systems and digital technologies driving momentum heading into 2027.
News
July 24, 2026
Kazakhstan is considering pursuing the international partners in the Kashagan oil field directly to collect a disputed $5 billion environmental fine tied to sulfur storage, as the operator continues to challenge the penalty through international arbitration.
News
July 23, 2026
Repsol reported stronger first-half upstream earnings as production reached a two-year high of 558,000 boed, driven by new output from Alaska's Pikka project and continued progress across Brazil, Libya and Venezuela.
News
July 23, 2026
Oil prices climbed above $100/bbl after Houthi attacks on Saudi tankers in the Red Sea intensified concerns over global crude supplies, adding to ongoing disruptions in the Strait of Hormuz and Kazakhstan's export routes amid escalating Middle East conflict.
News
July 22, 2026
Oil prices climbed toward $95/bbl as escalating U.S.-Iran hostilities, tanker attacks in the Strait of Hormuz, Red Sea shipping threats and disruptions to Kazakhstan's crude exports heightened concerns over global oil supplies and market volatility.
News
July 21, 2026
The IEA says alternative crude supplies and emergency stock releases are helping stabilize global oil markets despite escalating tensions around the Strait of Hormuz, but warns refined fuel and LNG markets remain under pressure.
News
July 21, 2026
The African Energy Chamber is urging global operators and investors to back Venezuela's reopening oil and gas sector, citing regulatory reforms, expanding upstream opportunities and plans to restore production to as much as 3 MMbpd while attracting international investment.
News
July 21, 2026
Afreximbank has approved a $200 million financing facility to support Shoreline Power Company and Arkad SpA's participation in the $980 million Hassi Bir Rekaiz Phase 2a field development project in Algeria, which is expected to increase production to as much as 60,000 bopd.
News
July 21, 2026
Halliburton reported second-quarter 2026 revenue of $5.7 billion as stronger North American stimulation and well construction activity drove sequential growth, while the company cited a robust international pipeline and continued demand for its oilfield technologies.
News
July 21, 2026
ADNOC has approved a $6.2 billion investment to develop the Umm Shaif Gas Cap offshore Abu Dhabi, a project expected to deliver more than 600 MMscfd of natural gas by 2030 and strengthen the UAE's long-term gas supply.
News
July 20, 2026
Lionheart Capital is nearing a proposed $400 million investment in Venezuela's PetroUrdaneta joint venture, a deal that could become one of the first major private upstream investments since U.S. sanctions were eased.
News
July 20, 2026
Following Andy Burnham's appointment as UK prime minister, the Aberdeen & Grampian Chamber of Commerce urged the new government to approve key North Sea projects, reform oil and gas taxation and accelerate energy investment while supporting the UK's energy transition.
