News
April 14, 2026
EIG has launched a new geothermal investment fund to support mid-stage project development in the U.S., aiming to accelerate next-generation geothermal power and subsurface energy growth.
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 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 10, 2026
Ovintiv has closed the $3 billion sale of its Anadarko basin assets in Oklahoma, with proceeds expected to reach $2.85 billion and support debt reduction and portfolio optimization.
News
April 09, 2026
Occidental has reported an oil discovery at the Bandit prospect in Green Canyon Block 680 in the U.S. Gulf, encountering oil-bearing Miocene sands with potential for subsea tieback development.
News
April 09, 2026
SLB OneSubsea has secured a contract from Beacon Offshore Energy to deliver an HPHT multiphase boosting system for the Shenandoah field in the Gulf of Mexico, supporting enhanced recovery in a deepwater development.
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.
Whitepaper

Corrosion Under Insulation is Retiring After Years of Bad Behavior

April 08, 2026
Sherrwin-Williams
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
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
January 27, 2026
KPA has spun off Novara, a new company focused on AI-enabled safety and operational risk management software for high-risk industries including oil and gas.
News
January 05, 2026
Master Boat Builders has launched the final Rapport 2800 tugboat for Gulf LNG operations, supporting marine logistics and safety at U.S. Gulf Coast LNG terminals.
News
February 24, 2026
Endress+Hauser is expanding U.S. manufacturing and supply chain capabilities to support growing demand for instrumentation across energy, oil and gas, and industrial sectors.
News
March 16, 2026
Mechanix Wear has acquired OTEX, a developer of tech-enabled PPE, expanding its portfolio of advanced protective apparel and air-quality solutions for industrial and energy sector workers.
News
April 06, 2026
PLENCO has launched a new brand identity and website, aligning its thermoset materials business with growing demand tied to U.S. manufacturing, infrastructure, and industrial systems requiring high-performance materials.
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
U.S. shale producers are expected to increase output as oil prices surge above $100 following disruption in the Strait of Hormuz, with operators turning to DUC wells first.
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 03, 2026
Weatherford plans to relocate its legal domicile to Texas, aiming to simplify its structure, improve capital access and align more closely with its U.S.-focused operations.
News
April 01, 2026
BLM lease sales across Colorado, Nevada and Utah generate $64.8 million, highlighting renewed interest in U.S. onshore drilling under lower federal royalty rates.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.