A sustained disruption to Strait of Hormuz transit could push Brent toward $110 and tighten global LNG markets, EY-Parthenon warns. While a short-lived escalation may produce only temporary price spikes, a prolonged interruption could trigger a major supply shock and recession risk. SourceContinue Reading
Flowco has completed its $200 million acquisition of Valiant Artificial Lift Solutions, expanding its ESP and production optimization capabilities across the Permian and other key U.S. basins. SourceContinue Reading
Enverus warns that escalating Strait of Hormuz risks could remove up to 14 MMbpd of crude and 20% of global LNG from trade flows, potentially pushing Brent prices sharply higher if disruptions persist. SourceContinue Reading
Argentina has expanded its RIGI tax incentive program to include Vaca Muerta shale oil wells, a move expected to accelerate upstream investment and boost development returns by up to 12%, according to analysts. SourceContinue Reading
Energy infrastructure across the Gulf is under mounting pressure as refinery outages, drone strikes and a near-total halt in Strait of Hormuz tanker traffic drive Brent above $83/b. An analyst warns that refined products — not crude — may face the greatest volatility if disruptions persist. SourceContinue Reading
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
