Industry & Analysis
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.
News
June 24, 2026
Oil and gas activity strengthened across the U.S. Southwest during the second quarter, but executives remain concerned that geopolitical uncertainty, rising costs and volatile policy signals could complicate planning for the remainder of 2026, according to the latest Dallas Fed Energy Survey.
News
June 24, 2026
U.S. Steel is investing $475 million in a new heat-treatment line at its Fairfield Tubular Operations, expanding OCTG production capacity to support growing demand from major U.S. oil and gas basins, including the Permian, Eagle Ford and Haynesville.
News
June 24, 2026
Brent crude fell below $75/bbl for the first time since the Iran conflict began as tanker traffic through the Strait of Hormuz continued to increase and U.S.-Iran peace talks showed early signs of progress.
News
June 23, 2026
The Republic of Congo is advancing LNG expansion, deepwater oil developments and energy sector reforms as operators including Eni, TotalEnergies and Trident Energy move forward with projects aimed at boosting production and attracting investment.
News
June 22, 2026
The U.S. Treasury has issued a 60-day waiver allowing Iran to sell crude oil and petroleum products through Aug. 21, marking a major shift in sanctions policy and potentially increasing Iranian oil supplies in global markets.
News
June 22, 2026
The U.S. Department of the Interior has proposed revisions to federal oil and gas leasing and waste prevention regulations, including lowering bonding requirements and reducing compliance obligations related to venting, flaring and permitting on federal lands.
News
June 20, 2026
Ivory Coast is strengthening its position as one of Africa's fastest-growing upstream markets, with Eni's Baleine expansion, new offshore drilling campaigns and growing international investment interest helping drive the country's next phase of oil and gas growth.
News
June 19, 2026
After months of disruption, oil and LNG shipments are beginning to flow through the Strait of Hormuz again, helping push Brent crude back toward $80/bbl. But questions remain over shipping rules, insurance requirements and long-term U.S.-Iran negotiations.
News
June 19, 2026
Adura has submitted additional information to UK regulator OPRED for the Jackdaw and Rosebank developments, moving the North Sea projects closer to final approvals required before production can begin.
News
June 18, 2026
The Independent Petroleum Association of America and the Domestic Energy Producers Alliance will merge July 1, creating a single advocacy organization representing U.S. independent oil and gas producers under the IPAA banner.
News
June 18, 2026
OPEC's World Oil Outlook 2026 projects global oil demand will increase to 124 MMbpd by 2050, while global energy demand rises 23%, underscoring the need for $17.7 trillion in oil sector investment.
News
June 18, 2026
The Railroad Commission of Texas is expanding its DOGE Task Force initiative, targeting regulatory efficiency improvements through digital modernization, permitting transparency, inspection consistency and enhanced stakeholder engagement.
News
June 18, 2026
Vår Energi has approved the Balder Next New Wells project in the North Sea, a seven-well development targeting 86 MMboe of reserves and supporting long-term production growth through the Jotun FPSO hub.
News
June 17, 2026
President Trump said the interim U.S.-Iran agreement could be signed within days, bringing the reopening of the Strait of Hormuz one step closer and reinforcing expectations for increased Gulf oil exports and lower crude prices.
News
June 17, 2026
The Department of the Interior has reached an agreement with Invenergy to terminate four offshore wind leases and redirect approximately $765 million into natural gas and geothermal energy projects, marking a significant shift in planned U.S. energy investment.
News
June 17, 2026
The IEA has cut its 2026 oil demand forecast by 700,000 bpd, now expecting global consumption to decline by 1.1 MMbpd this year as Middle East disruptions, higher fuel prices and tighter product markets weigh on demand.
