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Magyar Says Druzhba Oil Flows Could Resume Next Week

18 April 2026, 12:00pm
The pipeline, which brings Russian oil via Ukraine to central Europe, has been inoperative since January.
Read more... (source: www.rigzone.com)

Energy Prices Sink on Hormuz News

17 April 2026, 8:37pm
Oil and gas prices plunged as Iran signaled a temporary reopening of the Strait of Hormuz, easing supply fears.
Read more... (source: www.rigzone.com)

EagleRock Files for IPO

17 April 2026, 8:00pm
EagleRock Land LLC filed for an initial public offering.
Read more... (source: www.rigzone.com)

EIA Raises USA Fuel Price Projections for 2026, 2027

17 April 2026, 1:59pm
'Higher crude oil prices are leading to higher prices at the pump for gasoline and diesel', the EIA said.
Read more... (source: www.rigzone.com)

Iran Says Hormuz Strait Now Completely Open

17 April 2026, 1:23pm
Iran announced that the Strait of Hormuz is now 'completely open' for commercial traffic.
Read more... (source: www.rigzone.com)

Calcasieu Pass LNG Secures $1.75B Loan

17 April 2026, 11:29am
Venture Global used part of the proceeds from the senior secured, term loan B facility to redeem preferred equity interests issued to Stonepeak Bayou Holdings II.
Read more... (source: www.rigzone.com)

Oil Prices Could Remain Under Pressure

17 April 2026, 10:52am
Oil prices could remain under pressure amid hopes of a diplomatic breakthrough in the Middle East, BankPro CEO Paolo Broccardo said.
Read more... (source: www.rigzone.com)

Buru Gets New Funding Commitment for Rafael Gas Project

17 April 2026, 10:29am
Buru received commitment for a two-tranche institutional share offering that would raise around $3.8 million for the Rafael Gas Project in Western Australia.
Read more... (source: www.rigzone.com)

Spirit Energy Reveals Proposal to Restructure UK Organization

17 April 2026, 9:27am
'We are committed to supporting all our colleagues throughout the consultation process', Spirit Energy said.
Read more... (source: www.rigzone.com)

Gazprom Starts Up New Oil Project at Urengoy in West Siberia

17 April 2026, 9:03am
The Russian state-owned company achieved commercial oil production from the sixth block of the Achimov deposits of the Urengoyskoye field in the West Siberian basin.
Read more... (source: www.rigzone.com)

Pakistan Oil Tanker Is First to Cross Hormuz since US Blockade

17 April 2026, 6:45am
A Pakistan-flagged tanker that entered the Persian Gulf over the weekend has become the first carrier to exit through the Strait of Hormuz with a crude cargo since a U.S. blockade began.
Read more... (source: www.rigzone.com)

Crude Gains as Hormuz Blockade Persists

16 April 2026, 8:19pm
Traders remain cautious as ceasefire optimism clashes with severe supply constraints and global economic concerns.
Read more... (source: www.rigzone.com)

Trump List of Saved Projects Spares $5B Hydrogen Hubs

16 April 2026, 8:00pm
The Trump administration plans to preserve billions of dollars in funding for hydrogen ventures and other projects previously earmarked for termination.
Read more... (source: www.rigzone.com)

Chevron Expands Heavy Oil Footprint in Venezuela

16 April 2026, 3:14pm
In an asset swap, PDVSA agreed to sell a 13.21 percent stake in the Petroindependencia JV to Chevron, whose ownership would increase to 49 percent.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Drop Almost 1MM Barrels WoW

16 April 2026, 2:48pm
Crude oil stocks, not including the SPR, stood at 463.8 million barrels on April 10, the EIA's latest weekly petroleum status report showed.
Read more... (source: www.rigzone.com)

Bessent Says USA Won't Renew Iranian, Russian Oil Waivers

16 April 2026, 2:24pm
Treasury Secretary Scott Bessent reaffirmed that the U.S. would not renew general licenses that allowed for the temporary sale of certain Russian and Iranian crude.
Read more... (source: www.rigzone.com)

Iberdrola to Raise Italian Capacity to 400MW with CCE Acquisition

16 April 2026, 2:17pm
The Spanish company signed a deal to acquire a recently commissioned 42-MW solar plant in Lazio from Austria-headquartered CCE.
Read more... (source: www.rigzone.com)

U.S. natural gas exports to grow nearly 30% by 2027 as LNG facilities ramp up

16 April 2026, 2:00pm
In our latest Short-Term Energy Outlook (STEO), we forecast that U.S. liquefied natural gas (LNG) exports will continue to increase as five LNG export projects start operations and ramp up production by the end of 2027. We also forecast increased natural gas pipeline exports, mainly to Mexico. In our forecast, net exports of U.S. natural gas (exports minus imports) grow 18% to 18.7 billion cubic feet per day (Bcf/d) in 2026. In 2027, net exports increase another 10% to 20.5 Bcf/d.
Read more... (source: www.eia.gov)

TotalEnergies Discovers More Oil offshore Congo Brazzaville

16 April 2026, 10:53am
'The Moho G discovery, together with the discovery previously made on the nearby Moho F structure, represents recoverable resources estimated at close to 100 million barrels'.
Read more... (source: www.rigzone.com)

Rystad Says Energy Repair Costs from War Could Hit $58B

16 April 2026, 10:42am
'The scope of damage has expanded materially,' Rystad Energy warned.
Read more... (source: www.rigzone.com)

Aussie Refinery Reduces Production after Fire

16 April 2026, 9:59am
Operator Viva expects the blaze at the Geelong refinery, which has a processing capacity of 120,000 bpd, to mainly reduce production for gasoline and aviation gasoline.
Read more... (source: www.rigzone.com)

What's in your gasoline? Understanding U.S. motor gasoline formulations

15 April 2026, 8:00pm
Motor gasoline in the United States is a blend of hydrocarbons and chemicals, with specific formulas varying by region and season. To meet federal air quality standards, the U.S. Environmental Protection Agency (EPA) and state regulators require different formulations, depending on air quality and location, which affect performance, cost, and emissions. In addition, warmer summer months require a different gasoline formulation than cooler winter months. Key differences between formulations include octane rating, volatility-commonly measured as Reid vapor pressure (RVP)-and emissions. This year, the EPA will relax federal enforcement of summer RVP standards to help reduce gasoline prices.
Read more... (source: www.eia.gov)

Hydropower generation expected to recover despite snow drought in the West

14 April 2026, 8:00pm
In our April Short-Term Energy Outlook (STEO), we expect U.S. hydropower generation will increase by 5% in 2026 but remain 1.8% below the 10-year average following snow drought conditions in some states. Hydropower generation in 2025 increased to 245 billion kilowatthours (BkWh), about 4 BkWh more than the record-low generation year 2024. In 2026, we expect generation will be 259 BkWh, which would represent 6% of U.S. electricity generation.
Read more... (source: www.eia.gov)

U.S. coal-fired generating capacity retired in 2025 was the least in 15 years

13 April 2026, 8:00pm
During 2025, the U.S. electric power sector retired 2.6 gigawatts (GW) of coal-fired generating capacity at four power plants, the least since 2010. At the beginning of 2025, coal plant operators had planned to retire 8.5 GW of capacity; however, 4.8 GW of planned retirements were delayed to a future year, and the operators of two coal plants (1.1 GW) cancelled plans to retire. In addition, the operators of 1.2 GW of capacity planned for retirement in 2027 cancelled their closure plans, and a facility slated to retire in 2026 has delayed its closure until 2029.
Read more... (source: www.eia.gov)