The Offshore Technology Conference (OTC) has announced the winners of its 2026 Spotlight on New Technology Awards, recognizing 17 innovations in offshore drilling, subsea systems, AI and well construction technologies. SourceContinue Reading

Monumental Energy has restarted commercial oil production from the Waihapa H1 well in New Zealand’s Taranaki basin, with seven perforations in the Mount Messenger formation delivering strong oil flow and associated gas production. SourceContinue Reading

Deep Fission Launches Groundbreaking Nuclear Project in Kansas | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Mar 16, 2026, 2:00 PM CDT Deep Fission has started...Continue Reading

An important revenue stream in Central Asia for Russia appears in danger of slowing to a trickle. The international power sector has long been lucrative for Russia, via projects developed by Rosatom, the state-controlled atomic energy entity, and other Kremlin-connected companies. But the ability of Russia and its corporate proxies to finance deals appears to...Continue Reading

China Silent After Trump Asks Beijing for Help in Strait of Hormuz | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 16, 2026, 12:30 PM CDT China has remained publicly silent after U.S. President Donald Trump on Monday urged Beijing to help reopen the Strait...Continue Reading

The International Energy Agency said emergency oil reserves from a record 400-million-barrel global stock release will begin flowing immediately to Asian markets as buyers seek to replace Middle East supply disrupted by the Strait of Hormuz shutdown. SourceContinue Reading

The world’s largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story – it’s now spreading into industrial metals. These second- and third-order effects could soon...Continue Reading

TotalEnergies Finalizes Plan for Azeri Absheron Field’s Second Phase | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Mar 16, 2026, 11:30 AM CDT TotalEnergies expects first gas from the expansion of its Absheron gas and condensate field in Azerbaijan to...Continue Reading

Ukraine Eyes Major Black Sea Gas Development With Romania’s OMV Petrom | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 16, 2026, 11:00 AM CDT Ukraine’s state energy company Naftogaz is in early-stage discussions with Romania’s OMV Petrom about jointly developing a potentially significant offshore...Continue Reading

Governments around the world are desperate to bring down oil prices in the wake of a cutoff of about one-fifth of the world’s supply due to the Iran war. Here are some of the moves we’ve seen so far: The International Energy Agency, a consortium of 32 countries that coordinate energy policy and emergency readiness,...Continue Reading