The U.S. said its ceasefire with Iran remains intact despite clashes in the Strait of Hormuz, where vessel attacks and missile strikes have heightened risks to global oil shipping. SourceContinue Reading

Top Permian Producer Adds Rigs as Oil Rally Holds | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 05, 2026, 12:00 PM CDT Diamondback averaged 521,000 bpd in Q1 2026, above the high end of its own guidance, and is raising its...Continue Reading

U.S.-Canada Oil Pipeline Nears Go-Ahead as Shippers Lock In Volumes | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – May 05, 2026, 11:30 AM CDT A long-delayed push to move more Canadian...Continue Reading

INEOS and Shell are advancing new deepwater exploration and development opportunities near the Appomattox platform in the U.S. Gulf, targeting tieback projects to existing infrastructure. SourceContinue Reading

Expro is acquiring Enhanced Drilling for $215 million, adding managed pressure drilling capabilities as it positions for growing demand tied to energy security and global supply pressures. SourceContinue Reading

BP Considers Retreat From North Sea Amid Mounting Tax Pressures | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – May 05, 2026, 11:00 AM CDT BP is...Continue Reading

Harbour Energy has cleared a key hurdle in its acquisition of Waldorf’s North Sea assets, with a UK court backing the restructuring needed to move the deal forward. SourceContinue Reading

Weatherford has secured managed pressure drilling contracts and a global aftermarket agreement with Noble, including MPD system deployments for offshore operations in Guyana and Nigeria. SourceContinue Reading

US Moves to Break Iran’s Chokehold on Hormuz | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – May 05, 2026, 10:45 AM CDT Oil Shockwave: Middle East...Continue Reading

Shell and INEOS Strike Gulf of Mexico Exploration Deal | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – May 05, 2026, 10:30 AM CDT Shell and INEOS Energy have agreed to jointly invest in exploration and development opportunities in the U.S....Continue Reading