Drone debris triggered a major fire at the Fujairah oil storage and export hub in the UAE, disrupting terminal operations and highlighting risks to Gulf crude flows outside the Strait of Hormuz. SourceContinue Reading
INPEX will acquire the remaining 49% stake in its South West Caspian subsidiary, consolidating full ownership of its interest in Azerbaijan’s offshore Azeri-Chirag-Gunashli (ACG) oil development. SourceContinue Reading
Upstream oil producers accelerated 2026 hedging programs after crude prices surged on Middle East tensions, using swaps to lock in cash flow, manage volatility and capitalize on a widening backwardated futures curve. SourceContinue Reading
The U.S. Bureau of Ocean Energy Management (BOEM) has released five legacy 3D seismic survey datasets covering portions of the Beaufort Sea, expanding public access to offshore Arctic geologic data that could support future exploration and energy planning in Alaska’s Outer Continental Shelf (OCS). SourceContinue Reading
OceanPact and CBO will combine to form a 73-vessel offshore support fleet in Brazil, strengthening oilfield services, subsea and decommissioning capabilities. SourceContinue Reading
Petro-Victory has started drilling the SJ-12 well at the São João field in Brazil’s Barreirinhas basin, targeting 50.1 Bcf of non-associated gas resources. SourceContinue Reading
As conflict in the Middle East disrupts oil and LNG flows, the ripple effects are reaching beyond fossil fuels. Qatar’s LNG shutdown, refinery suspensions and stalled Hormuz traffic are reshaping energy security debates — and complicating the outlook for renewables. SourceContinue Reading
Update: Oil prices jumped after U.S.–Israeli strikes on Iran — but gains have been more muted than feared. World Oil’s latest analysis examines why crude hasn’t spiked further, the role of OPEC+ output increases, and the evolving risk to Strait of Hormuz flows. SourceContinue Reading
WhiteHawk Energy has agreed to acquire 150,000 gross acres of Haynesville shale mineral and royalty interests, including 500 producing wells and 1,000 development locations. SourceContinue Reading
Qatar suspended production at its Ras Laffan LNG plant after a drone attack, disrupting roughly 20% of global LNG supply and tightening gas markets worldwide. SourceContinue Reading
