Industry News

WoodMac Names Most Admired Explorer

Industry News - Thu, 2026-06-04 05:41
The award is determined by the votes of exploration leaders across the industry, supported by independent quantitative analysis conducted by Wood Mackenzie, WoodMac noted.

Energean Faces Competition for Chevron Stakes in Angola Blocks

Industry News - Thu, 2026-06-04 05:04
Etu Energias is exercising its pre-emption right in an agreement under which Chevron is selling its interests in 2 producing oil and gas licenses offshore Angola to Energean.

US Says Israel, Lebanon Agreed Truce on Hezbollah Condition

Industry News - Thu, 2026-06-04 03:00
The White House said the agreement between Israel and Lebanon was contingent on 'a complete cessation' of attacks by the Iran-backed militia.

Venezuela Wants Oil Firms to Supply Their Own Power

Industry News - Wed, 2026-06-03 16:00
Energy companies heading to Venezuela are being told to bring their own power plants to run their oil and natural gas operations.

Oil Settles Higher On Iran Strikes

Industry News - Wed, 2026-06-03 14:53
Oil prices climbed as US-Iran tensions escalated and peace talks stalled.

Iberdrola Starts Up Spain's Biggest Battery Energy Storage Project

Industry News - Wed, 2026-06-03 09:45
'With 58 MW of power and 120 MWh of storage capacity, the project marks another step forward in the company's commitment to energy storage as a key pillar of electrification and renewable integration'.

GasBuddy Warns USA Gas Price Relief May be Short Lived

Industry News - Wed, 2026-06-03 09:43
GasBuddy highlighted that gasoline prices in the U.S. are 'plunging' but warned that the 'relief may be short lived'.

Kuwait to Look at Expanding Global Oil Storage

Industry News - Wed, 2026-06-03 09:22
The U.S. and Israeli campaign against Iran that began in late-February has led to unprecedented upheaval in global markets.

Repsol Adds 200,000 Tons of Annual Capacity for Renewable Fuel Production

Industry News - Wed, 2026-06-03 08:49
The Spanish energy company producing renewable diesel at its Puertollano Industrial Complex in Ciudad Real, its second plant dedicated exclusively to producing 100 percent renewable fuels.

Energy Cos Team Up for New AI Powered Safety Initiative

Industry News - Wed, 2026-06-03 06:13
Enverus revealed that it has teamed up with Continental Resources, BPX Energy, Chord Energy, and Ranger Energy Services to introduce LifeSaver, 'a field safety initiative'.

BW LPG Sees YoY Increase in Shipping Revenue

Industry News - Wed, 2026-06-03 05:13
'Current earnings continue to be supported by trading inefficiencies and a shortage of available vessels on the US-Far East trade'.

Oil Trading Higher for Third Consecutive Session

Industry News - Wed, 2026-06-03 04:45
'Market pessimism once again grows over the prospects of a U.S.-Iran deal that could pave the way for a reopening of the Strait of Hormuz', Ole S. Hansen, Head of Commodity Strategy at Saxo Bank, said.

INEOS to Supply LNG to Asia under Marubeni Deal

Industry News - Wed, 2026-06-03 04:03
The agreement with the Japanese trading and investment conglomerate represents INEOS' first LNG deliveries to the Asia-Pacific region.

Tensions Broil Again as Iran Hits US Mideast Allies

Industry News - Wed, 2026-06-03 02:16
U.S. forces intercepted Iranian ballistic missiles and drones aimed at neighboring Middle East countries and struck a command center in the Islamic Republic in response - the latest flare-up to test a fragile ceasefire.

Princeton Endowment Backs Out of Oil, Gas Divestment Pledge

Industry News - Tue, 2026-06-02 16:00
Princeton University's endowment is backtracking on its pledge to divest from publicly traded oil and gas companies.

Crude Gains as Peace Deal Doubts Grow

Industry News - Tue, 2026-06-02 15:43
Oil prices rose as doubts emerged over a US-Iran peace agreement.

Eldorado to Acquire Vantage Drilling

Industry News - Tue, 2026-06-02 10:24
Vantage Drilling said it has agreed to a takeover by Eldorado to create a more scalable offshore drilling platform.

Falcon Now under Tamboran

Industry News - Tue, 2026-06-02 09:46
The merger consolidates Tamboran's position in the Beetaloo Basin onshore Australia's Northern Territory into a leading 2.8 million net prospective acres.

Analysts Tell OPEC+ Hormuz Disruption Will Last Through Year End

Industry News - Tue, 2026-06-02 09:42
Consultants and analysts gathered at OPEC's Vienna headquarters for a technical meeting on Monday.

North America Adds 28 Rigs Week on Week

Industry News - Tue, 2026-06-02 09:36
North America added 28 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

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