World Leaders Condemn ‘De Facto’ Hormuz Closure
The leaders expressed their readiness to contribute to ‘appropriate efforts to ensure safe passage through the Strait’.
IEA Oil Release Set to Exceed Agreed Volume
Members of the G7 club of rich countries lead commitments, which currently total 426 million barrels.
U.S. says Cuba is prohibited from taking Russian oil as two tankers head to island
The fuel-starved Caribbean island is facing its biggest test since the collapse of the Soviet Union under a U.S. oil
Israel Says It Will Spare Iran Energy Sites
Netanyahu also said Israeli forces would help the U.S. attempt to reopen the Strait of Hormuz and that the war
B27 Intelligence, Energy M&A, Industry Reports
IADC/SPE 2026 Day one: Drilling technology continues a relentless advance
Automation powered by machine learning was a recurring theme on day one of IADC/SPE International Drilling Conference and Exhibition 2026,
Oil falls as U.S. weighs releasing sanctioned Iranian crude to cool prices
U.S. oil prices extended their decline after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude
Op-Ed: American energy faces attacks by European activist courts
A new legal challenge tied to the Dakota Access Pipeline is raising broader concerns across the U.S. energy sector. In
Alaska lease sale draws $163 million in bids from Exxon, ConocoPhillips
Oil companies including ExxonMobil and ConocoPhillips bid $163 million in a record lease sale in Alaska’s National Petroleum Reserve, signaling
Woodside appoints Liz Westcott as CEO, Managing Director
Woodside Energy has appointed Liz Westcott as Chief Executive Officer and Managing Director, following her tenure as acting CEO, as
Gulf Attacks Drive Oil Volatility
Oil prices rose amid attacks on key Gulf energy infrastructure, with LNG disruptions amplifying supply concerns.
$166 a barrel? Middle East oil gives clue to where all prices could be headed if Iran war drags on
A breakout of oil prices in Asia has left analysts debating whether U.S. crude could see further upside.
Several Oil, Gas Assets Damaged in Iran War
Over the past three weeks, dozens of refineries, oil fields, gas plants, ports and other energy infrastructure have been damaged
Iran strike could cut 17% of Qatar LNG capacity for up to five years
An Iranian strike on Qatar’s Ras Laffan complex could remove 17% of the country’s LNG export capacity for up to
Shell reports damage to Pearl GTL plant after Iran attack on Qatar LNG hub
Shell confirmed damage to its Pearl gas-to-liquids (GTL) plant following an Iranian strike on Qatar’s Ras Laffan Industrial City, highlighting
Danos achieves record safety performance with lowest TRIR on record
Danos reported its lowest Total Recordable Incident Rate (TRIR) on record in 2025, achieving 0.07 across more than 11.5 million
Trendsetter installs tethered BOP for deepwater U.S. Gulf well stability
Trendsetter Vulcan Offshore has deployed a tethered BOP system in the U.S. Gulf to reduce wellhead fatigue in soft seabed
UK, allies call on Iran to end Hormuz disruption, energy attacks
The UK and allied nations are urging Iran to halt attacks on energy infrastructure and restore shipping through the Strait
B27 Intelligence, Energy M&A, Industry Reports
Vietnam advances offshore gas project with development approval
Vietnam has approved the field development plan for Jadestone Energy’s Nam Du–U Minh offshore gas project, enabling reserve booking and
Eni Plans to Raise Shareholder Returns
Eni has bumped up the upper range of its shareholder distributions from 35-40 percent of cash flow from operations to
Higher Oil Prices Lead to More USA Production in EIA Forecast
The EIA noted in its latest STEO that ‘higher crude oil prices lead to more U.S. crude oil production’ in