WTI crude settled above $100 per barrel for the first time since 2022, as the Iran conflict and disruptions in the Strait of Hormuz tighten global oil supply, raising concerns over inflation, shipping constraints and further upside risk for energy prices. SourceContinue Reading
Mercuria-backed Phoenix Global Resources is preparing a $6 billion expansion in Argentina’s Vaca Muerta shale, as President Javier Milei’s RIGI incentives boost investor confidence and accelerate drilling activity, positioning the basin as a growing contributor to global oil supply. SourceContinue Reading
Perenco has denied reports that Gabon has launched legal action against the company, calling the claims “false and defamatory” and pushing back against what it described as inaccurate media coverage. SourceContinue Reading
The G-7 signaled it is prepared to take coordinated action to stabilize global oil and gas markets as the Iran conflict drives volatility, with officials reaffirming support for strategic reserves, secure supply flows and measures to limit disruptions to energy trade and pricing. SourceContinue Reading
Eco Atlantic Oil & Gas has appointed Keith Hill as non-executive chairman following its annual general meeting, as the company advances its offshore exploration strategy across the Atlantic Margins and strengthens its leadership team during a period of portfolio development. SourceContinue Reading
Sable Offshore has begun oil sales from the Santa Ynez Pipeline System offshore California, marking a key milestone in restarting production across its assets, with output from multiple platforms expected to exceed 60,000 bpd as operations ramp up through 2026. SourceContinue Reading
President Trump threatened to target Iran’s oil infrastructure, power plants and Kharg Island export hub if a deal to reopen the Strait of Hormuz is not reached, raising the risk of further escalation as disrupted shipping continues to tighten global oil markets. SourceContinue Reading
TotalEnergies has completed the merger of its UK North Sea upstream assets with NEO NEXT, forming NEO NEXT+—now the largest independent producer on the UK Continental Shelf, with expected 2026 output exceeding 250,000 boed and a strengthened platform for operational synergies and cash flow growth. SourceContinue Reading
At CERAWeek, Devon Energy CEO Clay Gaspar reflected on his first year leading the company, outlining a three-pillar strategy, the industrial logic behind its merger with Coterra, and how AI is reshaping operations and future value creation. SourceContinue Reading
Natural gas was central last week to many of the ongoing discussions at CERAWeek 2026, hosted by S&P Global in Houston, Texas. With the rapid rise in data centers across the country, discussions about meeting the need for expanding rapid, reliable power generation have been at the forefront, with natural gas playing a key role....Continue Reading
