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Eni to Acquire Prax Stations in 4 Countries

26 July 2026, 11:00am
The transaction will give the Italian energy major about 320 service stations across Austria, Denmark, Germany and Switzerland.
Read more... (source: www.rigzone.com)

Global Inflation Angst Is Back

25 July 2026, 12:00pm
Spiking energy prices, more U.S. tariffs, and mushrooming spending on artificial intelligence are reawakening investors' inflation fears.
Read more... (source: www.rigzone.com)

Brent Pulls Back From $100

24 July 2026, 8:29pm
Crude declined after reports on US-Iran diplomacy and continued Red Sea oil flows reduced immediate supply concerns.
Read more... (source: www.rigzone.com)

SLB Sees Growth Broadening Beyond Mideast

24 July 2026, 8:00pm
The company, which helps clients drill oil wells and map underground pockets of crude, said the conflict is encouraging customers to spread investment across more regions.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Rise Week on Week

24 July 2026, 2:28pm
Crude oil stocks, not including the SPR, stood at 411.7 million barrels on July 17, the EIA's latest weekly petroleum status report showed.
Read more... (source: www.rigzone.com)

Energia Costa Azul, Mexico's second LNG terminal, shipped first cargo

24 July 2026, 2:00pm
Energia Costa Azul, the second liquefied natural gas (LNG) export facility in Mexico, shipped its initial cargo from Phase 1 of the terminal on July 8, according to the project developer. The completion of the project adds 0.4 billion cubic feet per day (Bcf/d) of nominal export capacity from a single train, tripling Mexico's LNG export capacity. The facility is the first terminal in Mexico and the second in North America, following LNG Canada, to be located on the Pacific Coast, boosting North American export capacity there to 2.2 Bcf/d. The Pacific Coast location allows for shorter shipping routes to importers in Asia.
Read more... (source: www.eia.gov)

Santos Narrows 2026 Production Forecast

24 July 2026, 1:50pm
The Australian company narrowed its output guidance for the year from 101-111 million barrels of oil equivalent to 99-105 MMboe, despite ramp-up at the Barossa and Pikka oil and gas projects.
Read more... (source: www.rigzone.com)

Overseas Buyers In Hot Pursuit of USA Crude

24 July 2026, 1:09pm
U.S. crude is drawing overseas interest from Asian and European refiners.
Read more... (source: www.rigzone.com)

Novatek Posts Higher H1 Revenue

24 July 2026, 12:08pm
However, adjusted net profit for January-June 2026 fell nine percent year-on-year to RUB 216.49 billion.
Read more... (source: www.rigzone.com)

Analysts Map 4 Potential USA-Iran Conflict Scenarios

24 July 2026, 10:39am
Rystad Energy mapped four potential U.S.-Iran conflict scenarios to assess their impact on oil prices.
Read more... (source: www.rigzone.com)

Aphrodite Group Secures MOU for Sale of Cypriot Gas to Egypt

24 July 2026, 9:38am
The Chevron-led Aphrodite consortium, Cyprus Hydrocarbons and Egyptian Natural Gas signed a memorandum of understanding to enable the piped export of 100 percent of production from the Aphrodite field to Egypt.
Read more... (source: www.rigzone.com)

OEUK Hails 'Constructive Meeting' with New Energy Sec

24 July 2026, 8:37am
Offshore Energies UK announced that its CEO, David Whitehouse, had a 'constructive meeting' with the UK's new Secretary of State for Energy.
Read more... (source: www.rigzone.com)

China Snaps Up Russian Oil as Mideast Risks Mount

24 July 2026, 7:50am
Chinese buyers are snapping up Russia's flagship ESPO crude weeks earlier than usual, as heightened risks to Middle East oil flows prompt refiners to secure supplies before they're needed.
Read more... (source: www.rigzone.com)

Matador Buys Permian Assets for $1.3B

23 July 2026, 9:00pm
Matador Resources Co. agreed to buy Permian Basin assets from EnCap Investments LP for about $1.3 billion in cash.
Read more... (source: www.rigzone.com)

Oil Surges Above $100

23 July 2026, 8:12pm
Oil climbed above $100 a barrel after Houthi attacks on Saudi tankers heightened fears of broader supply disruptions.
Read more... (source: www.rigzone.com)

Magnolia to Buy WildFire in $4B Deal

23 July 2026, 3:00pm
'The transaction supports and reinforces Magnolia's business model' Magnolia said.
Read more... (source: www.rigzone.com)

Eni Starts Producing Gas Power at Kazakhstan Hybrid Project

23 July 2026, 2:35pm
'This milestone marks another major step in the development of Kazakhstan's first large-scale hybrid power plant, integrating solar, gas and future wind generation to ensure decarbonized and reliable electricity supply to KazMunayGas subsidiaries'.
Read more... (source: www.rigzone.com)

QatarEnergy Prepares to Extend LNG Force Majeure

23 July 2026, 2:22pm
QatarEnergy is preparing to further extend force majeure on liquefied natural gas shipments through mid-October, according to people with knowledge of the matter.
Read more... (source: www.rigzone.com)

Equinor Makes New Oil Discovery Near Johan Castberg

23 July 2026, 1:25pm
Equinor and its partners made a new oil discovery that they are now considering developing via existing infrastructure in the Johan Castberg field on Norway's side of the Barents Sea.
Read more... (source: www.rigzone.com)

Repsol Sees Surge in Profit

23 July 2026, 12:19pm
Repsol reported EUR 1.84 billion in adjusted net income for the second quarter, up 207 percent year-on-year due to a spike in oil prices.
Read more... (source: www.rigzone.com)

Oil Rockets Towards $100

23 July 2026, 11:05am
Oil is rocketing towards $100 per barrel, adding more than $14 in just a week.
Read more... (source: www.rigzone.com)

Commercial crude oil inventories increased by 2.0 million barrels

22 July 2026, 2:00pm
For the week ending July 17, 2026, commercial crude oil inventories (excluding the Strategic Petroleum Reserve) increased 2.0 million barrels to 411.7 million barrels, 6% below the previous five-year (2021–2025) average. Gasoline inventories increased 0.8 million barrels, 7% below the five-year average. Distillate inventories increased 1.4 million barrels, 10% below the five-year average. Propane/propylene inventories increased 6.3 million barrels, 34% above the five-year average. Total commercial petroleum inventories increased by 11.6 million barrels for the week.
Read more... (source: www.eia.gov)

New York imports more electricity from Canada after high-voltage transmission line opens

20 July 2026, 2:00pm
On July 3, 2026, the New York Independent System Operator (NYISO) imported 52 gigawatthours (GWh) of electricity from Canada, the most traded between the two areas since January 2025. Some of the imported electricity flowed along the new Champlain Hudson Power Express (CHPE) transmission line between Quebec, Canada, and New York City, which officially reached commercial operations in May after three years of construction.
Read more... (source: www.eia.gov)