Industry & Analysis
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.
News
July 19, 2026
The U.S. and Iran exchanged new strikes over the weekend, raising tensions across the Middle East and increasing risks to oil markets, commercial shipping and energy infrastructure. The latest escalation comes as attacks near the Strait of Hormuz continue to support higher crude prices.
News
July 15, 2026
Oil prices climbed above $85/bbl as the U.S. launched another round of strikes on Iran, deepening security concerns in the Strait of Hormuz and keeping traders focused on potential disruptions to global crude exports.
News
July 14, 2026
Oil prices climbed after the Trump administration scrapped a proposed Strait of Hormuz transit fee but intensified pressure on Iran by resuming its shipping blockade and launching new military strikes, keeping geopolitical risk firmly in focus for energy markets.
News
July 14, 2026
ARC Resources shareholders have approved the company's acquisition by Shell with more than 99% support, advancing the transaction toward an expected second-half 2026 closing as remaining regulatory approvals move forward.
News
July 14, 2026
The European Commission plans to issue guidance delaying penalties tied to the EU's methane emissions regulation for oil and gas imports. The move comes amid concerns from LNG suppliers and member states that the rules could disrupt energy supplies and increase compliance challenges.
News
July 14, 2026
A coalition of UK energy producers, manufacturers, trade unions and industry groups has urged Labour MPs to support North Sea oil and gas production, arguing domestic energy development is essential for energy security, industrial competitiveness and long-term economic growth.
News
July 13, 2026
Oil prices surged after President Trump announced plans to reinstate a blockade on Iranian shipping through the Strait of Hormuz and impose a 20% transit fee on other cargoes, renewing concerns over global oil supplies and escalating tensions in the Middle East.
News
July 13, 2026
The European Union failed to approve its latest Russia sanctions package, leaving a planned freeze of the Russian oil price cap unresolved ahead of a key deadline. The delay raises uncertainty over one of the bloc's primary tools for limiting Kremlin oil revenues amid higher global crude prices.
News
July 10, 2026
Oil prices declined as the United States and Iran continued technical talks following renewed military strikes, easing immediate supply concerns even as tanker traffic through the Strait of Hormuz remained below normal.
News
July 10, 2026
A limited number of oil tankers continue to transit the Strait of Hormuz via the Oman shipping corridor despite renewed U.S.-Iran military strikes, while observable vessel traffic remains below normal levels.
News
July 09, 2026
Venezuela has introduced sweeping new oil regulations that expand private sector participation across upstream production, refining, marketing and fuel distribution, marking the country's most significant oil policy reform in decades.
News
July 09, 2026
The U.S. and Iran exchanged a second round of airstrikes as tensions escalated in the Strait of Hormuz, disrupting commercial shipping, delaying LNG operations and raising concerns over global oil supplies.
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.
