Industry News

Trump Tackles Iran Proposal with Aides

28 April 2026, 7:37am
The White House said U.S. officials were discussing Iran's latest proposal but maintained 'red lines' on any deal to end the eight-week war, including preventing Tehran from obtaining a nuclear weapon.
Read more... (source: www.rigzone.com)


Iran Linked Oil Tankers Sail West After Boarding by USA

27 April 2026, 9:00pm
Two Iran linked oil tankers that U.S. forces interdicted near Sri Lanka last week are now sailing west.
Read more... (source: www.rigzone.com)


Oil Rises as Iran Talks Stall

27 April 2026, 8:04pm
Markets reacted to prolonged geopolitical tensions with higher oil prices and tighter outlooks.
Read more... (source: www.rigzone.com)


North America Breaks Rig Loss Streak

27 April 2026, 2:03pm
North America added one rig week on week, according to Baker Hughes' latest North America rotary rig count.
Read more... (source: www.rigzone.com)


Small modular reactors and microreactors under development in the United States

27 April 2026, 2:00pm
Electric utilities in the United States currently operate about 98 gigawatts (GW) of nuclear generating capacity, but very little nuclear capacity has been built in the last few decades. High capital costs and lengthy licensing and approval processes have limited the expansion of nuclear power. However, several companies are developing new small modular reactor (SMR) designs aimed at reducing capital costs and increasing siting flexibility, challenges associated with traditional nuclear power.
Read more... (source: www.eia.gov)


Eni Raises Share Buyback Plan to $3.3B

27 April 2026, 1:32pm
The Italian state-backed energy major plans to raise its share repurchase program by 90 percent from the initial plan to EUR 2.8 billion on a stronger cash flow projection driven by higher oil prices.
Read more... (source: www.rigzone.com)


BP Emerges as Top Big Oil Stock During Iran War

27 April 2026, 1:25pm
BP Plc, long the laggard among oil supermajors, is emerging as the sector's top stock during the Iran war.
Read more... (source: www.rigzone.com)


Most Oil Execs See USA Oil Output Increasing Due to War

27 April 2026, 11:43am
Most executives expect U.S. oil production to increase in response to the Iran war, an update to the first quarter Dallas Fed Energy Survey stated.
Read more... (source: www.rigzone.com)


Alarm Bells Will Ring Loudly If Hormuz Doesn't Open in May

27 April 2026, 9:56am
Alarm bells will ring loudly if the Strait of Hormuz does not reopen during May, SEB Chief Commodities Analyst Bjarne Schieldrop stated.
Read more... (source: www.rigzone.com)


Kernel Loans $45MM from EBRD for Ukraine Solar Project

27 April 2026, 9:54am
The agribusiness secured a $45-million loan from the European Bank for Reconstruction and Development for an energy storage-supported solar farm with a capacity of 106 MW in southern Ukraine.
Read more... (source: www.rigzone.com)


TotalEnergies Greenlights Battery-Backed Wind Project in Kazakhstan

27 April 2026, 9:34am
TotalEnergies and its local partners agreed to proceed with a $1.2-billion onshore wind plus battery energy storage system project capable of powering 1 million people in Kazakhstan.
Read more... (source: www.rigzone.com)


Iberdrola Completes Mexico Exit

27 April 2026, 8:47am
Iberdrola completed the sale of its Mexican assets, including 2.6 GW of installed capacity, to fellow Spanish company Cox for $4 billion.
Read more... (source: www.rigzone.com)


Iran Top Diplomat in Russia as US Talks in Limbo

27 April 2026, 7:43am
Araghchi said he needed to coordinate with Russian officials after the U.S.-Israeli military campaign against the Islamic Republic disrupted bilateral meetings.
Read more... (source: www.rigzone.com)


CenterPoint Targets 8 GW of Data Center Load in 3 Years

26 April 2026, 11:00am
CenterPoint announced plans to energize 8 GW of generation projects catered to data centers by 2029.
Read more... (source: www.rigzone.com)


EU Starts Roll Out of Russian LNG Import Ban at Tricky Time

25 April 2026, 12:00pm
Europe is beginning the roll-out of a ban on imports of Russian liquefied natural gas at a difficult time.
Read more... (source: www.rigzone.com)


Iran Keeps Loading Oil Onto Tankers Even as USA Blocks Route

24 April 2026, 9:00pm
Iran is continuing to load millions of barrels of oil onto supertankers.
Read more... (source: www.rigzone.com)


Oil Falls on Renewed Iran Talk Hopes

24 April 2026, 8:53pm
Oil prices dipped as potential US-Iran talks raised hopes for restored flows.
Read more... (source: www.rigzone.com)


White House Extends Shipping Waiver to August

24 April 2026, 2:37pm
President Donald Trump's administration has given a 90-day extension to a shipping waiver making it easier to move oil, fuel and fertilizer around the United States.
Read more... (source: www.rigzone.com)


Q1 Dallas Fed Energy Survey Gets Update

24 April 2026, 2:22pm
The first quarter Dallas Fed Energy Survey has received an update 'in response to recent developments in the global oil market', a statement sent to Rigzone revealed.
Read more... (source: www.rigzone.com)


Brent crude oil spot prices surge past futures price in April

24 April 2026, 2:00pm
The Dated Brent spot price increased to a premium of more than $25 per barrel (b) compared with the front-month Brent futures contract in early April. Brent crude oil price benchmarks are widely used by commodities traders, financial market participants, economists, and others to assess changes in global petroleum prices more broadly.
Read more... (source: www.eia.gov)


ERCOT Sees Demand More Than Quadrupling Current Peak

24 April 2026, 11:25am
'The current forecast projects approximately 367,790 megawatts of demand in the ERCOT Region by 2032', ERCOT said.
Read more... (source: www.rigzone.com)


There Is a High Risk Being Short Energy, Analyst Warns

24 April 2026, 9:12am
There is a high risk being short energy and betting on any immediate political resolution in the Iran conflict, according to SEB Commodities Analyst Ole R. Hvalbye.
Read more... (source: www.rigzone.com)


The 10th U.S. liquefied natural gas export terminal, Golden Pass, ships first cargo

23 April 2026, 2:00pm
On April 22, 2026, Golden Pass LNG-the 10th liquefied natural gas (LNG) terminal in the United States-shipped its first cargo from Train 1, according to the project developer. The shipment left port 23 days after achieving first LNG production in March 2026. The terminal began shipping as geopolitical developments in the Strait of Hormuz have affected over 10 billion cubic feet per day (Bcf/d), or approximately 20%, of global supply. Golden Pass LNG is the only new U.S. LNG export terminal currently expected to begin LNG shipments in 2026.
Read more... (source: www.eia.gov)


Natural gas inventories at the end of winter heating season were near five-year average

21 April 2026, 2:00pm
We estimate the Lower 48 U.S. states began this natural gas injection season (April–October) with 1,890 billion cubic feet (Bcf) of working natural gas in storage, based on interpolated data from our Weekly Natural Gas Storage Report. This level was 3% above the previous five-year (2021–25) average and 3% above last year's end-of-season storage volume.
Read more... (source: www.eia.gov)


*Please note: CGEF is not affiliated with any of the included websites or news organizations. Links are provided for convenience only.