Oil Settles Higher on Iran Doubts
Oil prices climbed as Iran peace talks faced new doubts.
McDermott reports strong first-quarter results amid Middle East uncertainty
McDermott reported first-quarter 2026 revenue of $2.4 billion and a backlog of $17.6 billion as the offshore engineering contractor cited
North America Adds More Rigs WoW
North America added three rigs week on week, according to Baker Hughes’ latest North America rotary rig count.
YPF unveils $25-billion investment plan to accelerate Vaca Muerta exports
YPF has submitted a $25 billion RIGI investment proposal tied to its LLL Oil development in Argentina’s Vaca Muerta shale,
Aliko Dangote named African Energy Person of the Year 2026
The African Energy Chamber has named Aliko Dangote its 2026 African Energy Person of the Year, recognizing his investments in
Canada Strikes Deal to Start Building Oil Pipeline in 2027
Canada and Alberta reached a carbon pricing deal that opens the way for construction of a new oil pipeline starting
Photo Gallery: IADC’s Drilling Onshore Conference & Exhibition, 14 May, Houston, Texas
IADC’s Drilling Onshore Conference & Exhibition is the only event specifically targeting onshore drilling operations. With its top speakers and
Halliburton deploys VersaFlex liner hanger system at BP’s ACG field in Caspian Sea
Halliburton deployed its VersaFlex expandable liner hanger system at the BP-operated Azeri–Chirag–Gunashli (ACG) project offshore Azerbaijan in the Caspian Sea.
Santos achieves first oil at Pikka on Alaska’s North Slope
Santos achieved first oil from the Pikka phase 1 development on Alaska’s North Slope, with oil flow established through the
ADES wins contract extension for Shelf Drilling Winner in Dutch North Sea
ADES Holding has extended the contract for the Shelf Drilling Winner jackup with Tenaz Energy Netherlands for drilling operations in
ONE-Dyas, Eni drill development wells in Dutch North Sea
ONE-Dyas completed drilling the N05-A-03 development well at its N05-A platform in the Dutch North Sea during Q1 2026 and
The EU will cut growth outlook, raise inflation forecast as Iran war drives ‘stagflationary shock’
The commission’s forthcoming spring forecast, released later this week, will see economic growth figures adjusted down and inflation figures up.
Eco Atlantic advances offshore Falklands acquisition after shareholder approval
Eco Atlantic has secured court approval for its proposed acquisition of JHI Associates, advancing plans to acquire a 35% interest
ConocoPhillips signs gas supply agreement for Alaska LNG project
Glenfarne Alaska LNG and ConocoPhillips Alaska have signed a long-term gas sales precedent agreement supporting Phase One development of the
Tanker buildup at Iran’s Kharg Island reaches post-blockade high
Satellite imagery shows tanker congestion around Iran’s Kharg Island oil export hub has climbed to its highest level since the
USA Upstream M&A Hit $38B in Q1
U.S. upstream mergers and acquisitions hit $38 billion in the first quarter of this year before volatility ‘pause[d]… the market’,
US DOE Awards Over $94MM to Light Water SMR Advancement Projects
The Department of Energy awarded 8 projects a total of more than $94 million to support site permitting and supply
Santos, Repsol Start Oil Production at Alaska Project
‘At plateau, production from the asset will be equivalent to 19 percent of Alaska’s current output, delivering the first significant
‘This is bad’: Strategists see European oil shortages within weeks as inventories are depleted
The Iran war oil squeeze could trigger shortages in Europe within weeks, and keep global inventories depleted until 2027, strategists
EIA Sees Oil Deficit Widening in 2026
The U.S. Energy Information Administration has widened its global oil deficit projection for 2026.