ExxonMobil has signed a Heads of Agreement with Zululand Energy Terminal to support development of South Africa’s first LNG import facility at Richards Bay, a project designed to strengthen energy security as domestic gas supplies decline. SourceContinue Reading

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. SourceContinue Reading

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. SourceContinue Reading

How the Oil Sands Became the Lowest-Cost North American Producer | OilPrice.com Andrew Topf With over two decades of journalistic experience working in newspapers, trade publications and as a mining reporter, Andrew Topf is a seasoned writer specializing in… More Info Premium Content By Andrew Topf – Jun 17, 2026, 2:00 PM CDT Once considered...Continue Reading

Kazakhstan Bets $10 Billion on AI With Nvidia-Backed Data Center Valley | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Jun 17, 2026, 1:00 PM CDT Kazakhstan plans to...Continue Reading

IEA Sees Massive Oil Surplus In 2027 As Middle East Supply Returns | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 17, 2026, 12:30 PM CDT The global oil market could swing from one of the largest supply disruptions in history to a surplus of...Continue Reading

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