Industry News

'This partnership is not merely a technical agreement but rather a message of confidence in the Libyan investment environment and evidence of the return of major companies to work and explore promising opportunities in our country'.

'The marked escalation in the U.S.-Iran conflict over the past week puts all energy assets and infrastructure in the region at risk', Standard Chartered Bank Energy Research Head Emily Ashford warned.

'The sale of this non-core subsidiary forms part of Iberdrola's active portfolio management strategy, which focuses on strengthening its core businesses and optimizing capital allocation'.

'The acquisition delivers a new operated hub for Serica in the West of Shetland basin with current net production of just over 5,000 boepd'.

India has announced a series of tax changes including a levy on fuel exports, as the country tries to shield consumers from the impact of a deepening conflict in the Middle East that has upended energy supply.

Iran has likely earned hundreds of millions of dollars of extra income from oil sales since the start of the war.

Oil surged as uncertainty over Iran talks and Strait of Hormuz disruptions intensified supply concerns.

The application follows the removal of the petroleum exploration ban late 2025, after which two exploration permit applications have progressed to government assessment.

The Iran war was highlighted by several exploration and production companies in the 'comments' section of the first quarter 2026 Dallas Fed Energy Survey.

Petrofac said it had received confirmation from HM Revenue and Customs that the UK tax agency will not appeal a Scottish court ruling that upheld an agreement between Petrofac and certain creditors.

Ukraine said it targeted a key Russian export-oriented oil refinery in the Leningrad region overnight.

Rigzone talks to several analysts.

CNOOC Ltd, majority-owned by China National Offshore Oil Corp, reported 777.3 million barrels of oil equivalent, or 2.13 MMboe a day, in net production last year.

'The floor has moved up, so has the ceiling', Rystad Energy said.

'The combined annual production of these two wind farms will represent the equivalent of around 25 percent of last year's total electricity production in Denmark'.

Philippine refiner Petron received a shipment of Russian oil, according to its chief executive, after the U.S. issued a waiver allowing the purchase of the crude.

Traders pulled back amid volatile swings tied to conflicting war and diplomacy developments.

Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war.

U.S. shale producers 'are not poised to quickly ramp up production', according to Matthew Bernstein, Rystad Energy VP North America Oil & Gas.

Russia's Ust-Luga port on the Baltic Sea has halted crude loadings as Ukraine carried out the most intense air strike on its foe in more than a year, setting some of the port facilities on fire.