OMV Starts Up Major Austrian Gas Development
OMV began production at what it says is Austria’s biggest natural gas discovery over the past 40 years, which the […]
Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Next Gas Price Spike May Come Just Before Memorial Day
GasBuddy warned that the next U.S. gasoline price spike ‘could arrive just before Memorial Day’.
UAE, India Agree to Expand Energy Supply Partnership
ADNOC signed agreements with state-owned Indian Strategic Petroleum Reserves and Indian Oil to support Indian energy security and pursue energy
Can Middle East Oil Producers Meaningfully Bypass the Strait?
Rigzone talks to Chris Newton, a Senior Early Warning Analyst at the International Crisis Group, and Dalia Salem, Senior Research
Cuba condemns U.S. sanctions, accuses Washington of building ‘fraudulent case’ for military action
The comments come after a fresh wave of U.S. sanctions and amid mounting speculation that the U.S. could carry out
China Agrees to Supply Australia Over 600,000 Barrels of Jet Fuel
The Australian government said it has secured three shipments of jet fuel totaling more than 600,000 barrels from China and
Trump Delays Planned Strike after Gulf Allies Appealed
‘I put it off for a little while, hopefully maybe forever, but possibly for a little while, because we’ve had
After U.S. SEC, Treasury and Justice departments offer billionaire Gautam Adani legal relief
The U.S. Treasury Department settled a case against Adani Enterprises, involving the purchase of sanctioned Iranian energy between November 2023
Oil prices fall as Trump postpones Iran strike, easing supply disruption fears
Oil prices fell after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests
U.S. extends waiver for certain Russian oil cargo transactions
The U.S. Treasury has extended a sanctions waiver allowing certain Russian oil cargo transactions through June 17, offering temporary relief
Trump delays Iran strike after Gulf allies push for diplomacy
President Donald Trump said he postponed a planned military strike on Iran after appeals from Gulf allies seeking more time
Venezuela Circulates Draft of Oil Law Regs for Cos
The Venezuelan government is circulating a draft of regulations as part of its newly enacted oil law.
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
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