MaverickX has opened a new production facility in Pleasanton, Texas, scaling output of its PetroX chemical solutions used for enhanced oil recovery, water treatment and critical mineral extraction across oil and gas operations. SourceContinue Reading

Egypt has agreed to purchase the full output of Cyprus’ Aphrodite gas field under a long-term deal, securing future supply as domestic production declines and demand continues to rise. SourceContinue Reading

Occidental has reported an oil discovery at the Bandit prospect in Green Canyon Block 680 in the U.S. Gulf, encountering oil-bearing Miocene sands with potential for subsea tieback development. SourceContinue Reading

SLB OneSubsea has secured a contract from Beacon Offshore Energy to deliver an HPHT multiphase boosting system for the Shenandoah field in the Gulf of Mexico, supporting enhanced recovery in a deepwater development. SourceContinue Reading

U.S. Bureau of Land Management (BLM) oil and gas lease sales generated $592.7 million in total receipts during the first quarter of 2026, reflecting continued federal leasing activity across multiple basins and a renewed sale in Alaska’s National Petroleum Reserve. SourceContinue Reading

Oil and gas prices dropped sharply after a U.S.-Iran ceasefire deal, but the market remains on edge as Strait of Hormuz flows are still largely restricted. With more than 800 vessels stranded and supply disruptions lingering, the pace of recovery remains highly uncertain. SourceContinue Reading

Santos reported strong results from its Quokka-1 appraisal well on Alaska’s North Slope, confirming high-quality Nanushuk reservoir performance with flow rates of 2,190 bopd as development planning advances alongside the Pikka project. SourceContinue Reading

U.S. oilfield services employment rose to 627,018 jobs in March, gaining 1,877 positions month over month, as energy service companies cautiously increase hiring amid improving market conditions. SourceContinue Reading

ONE-Dyas has brought a second production well online at its N05-A platform in the North Sea, increasing gas output to 1 Bcm/year and strengthening domestic energy supply for the Netherlands and Germany. SourceContinue Reading

ExxonMobil reported a 6% drop in global production in the first quarter as Middle East conflict disrupted Gulf operations, including damage to LNG facilities in Qatar. SourceContinue Reading