Rising oil prices driven by Middle East supply disruptions could prompt U.S. shale producers to increase drilling activity in the second half of 2026, with output potentially rising by more than 800,000 bpd through 2028, according to Citi. SourceContinue Reading
A U.S. appeals court has overturned a $16.1 billion judgment against Argentina tied to the nationalization of oil company YPF, marking a significant legal and financial shift in one of the industry’s largest compensation disputes. SourceContinue Reading
The UAE is increasing crude exports from Fujairah as operators restore loading capacity following Iranian drone strikes, using the port as a key route to bypass the Strait of Hormuz and sustain global oil flows. SourceContinue Reading
IKM Testing UK has been awarded a contract to deliver pre-commissioning services for CO₂ pipeline infrastructure on the Northern Endurance Partnership project, supporting development of the UK’s East Coast carbon capture cluster and offshore storage in the North Sea. SourceContinue Reading
INPEX and Formentera have formed a joint venture to accelerate shale gas development in Australia’s Beetaloo basin, targeting domestic supply and future LNG exports supported by U.S. shale expertise and expanded infrastructure plans. SourceContinue Reading
Equinor has launched drilling operations for the Raia project in Brazil’s Campos basin, a major pre-salt gas development expected to supply up to 16 MMcm/d and support the country’s energy demand by 2028. SourceContinue Reading
Chariot has secured economic exposure to offshore Angola production through a financed acquisition of stakes in Blocks 14 and 14K, gaining access to ~4,000 bpd net-equivalent output and long-term cash flow backed by Shell trading support. SourceContinue Reading
A Turkish-operated tanker carrying roughly 1 MMbbl of Russian crude was damaged in a suspected sea-drone attack in the Black Sea, raising concerns over maritime security and energy flows near the Bosphorus Strait. SourceContinue Reading
Serica Energy has completed its acquisition of a 40% operated interest in TotalEnergies’ Greater Laggan Area assets, establishing a new operated hub West of Shetland with ~5,000 boed net production and multiple gas-focused growth opportunities. SourceContinue Reading
Iran is maintaining crude exports near 1.6 MMbpd and capturing stronger prices as disruptions in the Strait of Hormuz sideline other Gulf producers, reshaping regional supply dynamics and boosting Tehran’s oil revenues. SourceContinue Reading
