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World Oil News
ADNOC Logistics & Services has taken delivery of its sixth LNG carrier, expanding its fleet capacity to support global gas supply and long-term shipping contracts. Source
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Halliburton has been awarded a contract for Greenland Energy’s 2026 Arctic drilling campaign, advancing exploration in the frontier Jameson Land basin. Source
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Shell has agreed to acquire ARC Resources in a $13.6-billion deal, adding Montney shale production and strengthening its oil and gas portfolio in Canada. Source
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Shell has agreed to acquire ARC Resources in a $13.6-billion deal, adding Montney shale production and strengthening its oil and gas portfolio in Canada. Source
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GeoPark reported higher oil and gas production in first-quarter 2026, supported by Colombia operations, while initiating drilling activity in Argentina’s Vaca Muerta shale play to drive future growth. Source
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A nearly 1-billion-barrel supply loss tied to the Hormuz disruption is pushing oil markets toward a turning point, with traders warning demand destruction is set to accelerate globally. Source
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U.S.-Iran talks have stalled after Washington canceled a key diplomatic trip and Tehran rejected negotiations under pressure, as blockades keep Strait of Hormuz traffic near a standstill. Source
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Argentina’s incentive program is expected to accelerate development of a $12-billion Vaca Muerta shale oil project, boosting production and investment in the country’s key basin. Source
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A sanctioned Iranian oil tanker halted in the Strait of Hormuz amid a U.S. blockade, as shipping traffic through the key oil chokepoint remains severely constrained. Source
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Baker Hughes CEO Lorenzo Simonelli expects upstream oil and gas investment to rebound in 2026–2027, driven by energy security concerns and supply disruptions linked to the Iran conflict. Source
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