Industry & Analysis
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.
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.
