After months of disruption, oil and LNG shipments are beginning to flow through the Strait of Hormuz again, helping push Brent crude back toward $80/bbl. But questions remain over shipping rules, insurance requirements and long-term U.S.-Iran negotiations. SourceContinue Reading
Adura has submitted additional information to UK regulator OPRED for the Jackdaw and Rosebank developments, moving the North Sea projects closer to final approvals required before production can begin. SourceContinue Reading
Iran has shipped an estimated 20 million barrels of crude oil this week from the port of Chabahar, signaling a rapid return of exports following the interim U.S.-Iran agreement and adding fresh supply to global oil markets. SourceContinue Reading
Valeura Energy has completed an eight-well drilling campaign at the Nong Yao field offshore Thailand, including its first multi-lateral well and a record-setting horizontal lateral, increasing production to approximately 10,500 bopd. SourceContinue Reading
Texas’ upstream oil and gas sector added 4,100 jobs in May, according to TIPRO, as hiring activity accelerated and strong export demand reinforced the state’s position as a leading supplier of crude oil and LNG to global markets. SourceContinue Reading
The Independent Petroleum Association of America and the Domestic Energy Producers Alliance will merge July 1, creating a single advocacy organization representing U.S. independent oil and gas producers under the IPAA banner. SourceContinue Reading
OPEC’s World Oil Outlook 2026 projects global oil demand will increase to 124 MMbpd by 2050, while global energy demand rises 23%, underscoring the need for $17.7 trillion in oil sector investment. SourceContinue Reading
Vantage Drilling shareholders have approved the company’s proposed merger with Eldorado Drilling, marking a key milestone as the offshore drilling transaction moves closer to completion. SourceContinue Reading
The Railroad Commission of Texas is expanding its DOGE Task Force initiative, targeting regulatory efficiency improvements through digital modernization, permitting transparency, inspection consistency and enhanced stakeholder engagement. SourceContinue Reading
Bilfinger and Schneider Electric have successfully deployed an autonomous offshore buoy in the North Sea, completing 1,000 hours of unmanned operation while providing renewable-powered control for subsea tieback systems. SourceContinue Reading
