Industry News

Aker BP signed separate agreements to acquire operating stakes in the Losgann discovery on the United Kingdom's side of the North Sea and the Slagugle area in the Norwegian Sea.

'We are entering an interesting and potentially volatile period for the LNG shipping market, with the balance between continued fleet growth and competition on LNG volumes between Europe and Asia'.

According to its new STEO, the EIA now sees the Henry Hub spot price averaging $3.44 per million British thermal units in 2026.

SLB received a contract from Brunei Shell Petroleum to reactivate shut-in wells across multiple offshore fields.

Signatories include BP, Shell, and Eni.

Two Chinese-linked supertankers U-turned in the strait as risks to shipping remain elevated, with prospects for a normalization of traffic dimming after President Donald Trump took a hard line on Iran.

A Greek-run oil tanker was attacked in the Black Sea after loading a Russian-origin cargo.

Crude gained as Hormuz tensions, tanker threats and tight fuel markets supported prices.

'Equinor and Invenergy will together explore additional collaboration opportunities that leverage Invenergy's long-standing operating capabilities and position in the existing PJM power market'.

North America added eight rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Energy stocks are closing in on record levels reached earlier this year.

ExxonMobil and its Area 4 partners issued around $1.1 billion in engineering, procurement and manufacturing contracts for the pre-FID 18.6-MMtpa Rovuma LNG project in Cabo Delgado.

Kazakhstan's state-owned KazMunayGas reported around $1.96 billion in net income for the first six months of 2026, up 69.1 percent from the first half of 2025 as higher oil prices offset lower production.

Rystad says Russia's crude production has entered 'a new era of constraint'.

Chevron and its partners are considering a tieback.

Will oil prices keep rising as Iran tensions threaten global crude supply?

Earnings for a supertanker procuring crude oil from within the Persian Gulf to Asia are nearing a two-month high, as exporters hunt for more vessels to deliver the fuel via the Strait of Hormuz even as the security situation remains uncertain.

The prospects for peace in the Middle East suffered a fresh setback.

Crude futures gained as geopolitical risks remained elevated across the Middle East.

The Lake Erie-Canada Corridor, Southwestern Grid Connector Corridor and Tribal Energy Access Corridor have been withdrawn.