Mexican President Claudia Sheinbaum has appointed Pemex CFO Juan Carlos Carpio to lead the state oil company as the heavily indebted producer faces production declines, fiscal pressure and restructuring challenges. SourceContinue Reading
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 551, down 25 from this same time last year. The number of active oil rigs rose by 5...Continue Reading
Vaca Muerta Emerges as Top Alternative to Middle East Oil Supply Risk | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – May 15, 2026, 11:00 AM CDT...Continue Reading
Xi-Trump Summit Disappoints as Oil Bulls Regain Momentum | 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 15, 2026, 10:41 AM CDT Oil prices surged $7...Continue Reading
Pakistan Uses Diplomacy to Secure LNG Supply from Hormuz | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 15, 2026, 10:30 AM CDT Pakistan has negotiated the passage of vessels laden with Qatari LNG out of the Strait of Hormuz in a diplomatic feat that...Continue Reading
BP Weighs Egyptian Gas Asset Sale in Restructuring Drive | 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 15, 2026, 9:30 AM CDT Amid a new company restructuring, BP is weighing a potential sale of some of its natural gas...Continue Reading
The government will make it illegal to grant new oil and gas licences in the North Sea, the King said at the state opening of Parliament, in a sign ministers are refusing to buckle in the face of a barrage of criticism that the policy is depriving the UK of billions of pounds in tax...Continue Reading
Velesto Energy has secured its first asset-light offshore drilling contract from Hibiscus Oil & Gas Malaysia, covering jackup rig services for plug and abandonment and exploration wells offshore Malaysia. SourceContinue Reading
Perenco UK has restarted production from the Davy gas field in the Southern North Sea after more than five years offline, bringing approximately 14 MMscf/d back into production through the Bacton terminal. SourceContinue Reading
India’s Trade Deficit Jumps as Energy Import Prices Soar | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 15, 2026, 8:30 AM CDT India’s trade deficit widened in April by more than analysts had expected as the surge in oil and gas prices hiked the...Continue Reading
