Artificial Intelligence Is Driving a Geothermal Energy Boom | OilPrice.com Haley Zaremba Haley Zaremba is an energy journalist and researcher with more than a decade of professional experience covering global energy systems, land and natural resources, and… More Info Premium Content By Haley Zaremba – Jun 17, 2026, 12:00 PM CDT Enhanced geothermal technologies adapted...Continue Reading

Trendsetter Vulcan Offshore deployed its Hercules tethered blowout preventer system to help restore a shut-in U.S. Gulf well, enabling a deepwater dynamically positioned rig to safely perform a shallow-water workover without requiring a separate moored rig. SourceContinue Reading

Exxon Set to Supply LNG to South Africa’s First Import Terminal | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 17, 2026, 11:30 AM CDT ExxonMobil and the company developing South Africa’s first LNG import terminal have signed a preliminary agreement for the U.S. supermajor...Continue Reading

Shipping Industry Remains Wary Despite U.S.-Iran Agreement | 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 – Jun 17, 2026, 11:00 AM CDT Shipping firms want evidence of...Continue Reading

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. SourceContinue Reading

TotalEnergies: Saudi Refinery Won’t Fully Recover Until 2027 | OilPrice.com Michael Kern What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… More Info Related News By Michael Kern – Jun 17, 2026, 10:30 AM CDT A major Saudi Arabian...Continue Reading

Iraq is preparing to increase crude exports from its southern ports as a U.S.-Iran agreement to reopen the Strait of Hormuz approaches, with state marketer SOMO coordinating tanker nominations and export logistics ahead of a gradual recovery in Gulf oil flows. SourceContinue Reading

Transocean has secured approximately $185 million in new contract backlog after winning offshore drilling work for the Transocean Norge in Norway and the Transocean Equinox in Australia, extending utilization of its harsh-environment semisubmersible fleet. SourceContinue Reading

Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex offshore Equatorial Guinea to Panoro Energy for approximately $127 million, using proceeds to reduce debt and focus capital on higher-return assets. SourceContinue Reading

Crude oil inventories in the United States decreased by 8.3 million barrels during the week ending June 12, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 418.2 million barrels, according to government data, which is now 6% below the five-year average for this...Continue Reading