(By Oil & Gas 360) – Energy markets are entering a more complex phase. Prices are no longer reacting to a single catalyst but to a mix of war risk, policy response, capital shifts, and macro pressure. The result is a market that feels unstable not just because of volatility, but because the underlying drivers are pulling in different directions
(By Oil & Gas 360) – The global energy system is being tested in real time, and the response is starting to shift from reaction to coordination. More than 40 countries have begun discussions on how to reopen the Strait of Hormuz following Iran’s blockade, a move that has effectively choked off one of the world’s most critical energy corridors.
(World Oil) – A leading supplier of deep-water drilling rigs to Brazil’s national oil company expects the industry to favor oil and gas projects in Latin America, where geopolitical risk is lower than the Middle East. Constellation Oil Services Holding SA recently extended three offshore drilling contracts with Petrobras and is optimistic about Brazil’s exploration prospects in other deep-water regions, including
(World Oil) – Weatherford International has proposed relocating its legal domicile to the United States, with Texas set to become its new corporate home as the company looks to simplify its structure and improve financial flexibility. The move would shift the company’s parent entity from Ireland to Texas, aligning its legal structure more closely with its operational base in Houston and
(Oil Price) – The price of Canada’s synthetic crude, which has rich diesel yield for refiners, has surged by nearly 200% since March 27 as the Middle East war cripples global diesel supply and sends diesel futures, cracks, and retail prices soaring. The synthetic crude made from processing of bitumen from Alberta’s oil sands is very low sulfur and its chemical
This week’s Baker Hughes Rig Count shows that the U.S. increased by 5 last week, resulting in a total count of 548 rigs. Canada had a decrease of 11 over last week, resulting in a total Canadian count of 142 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford, Eagle Ford, Haynesville and Permian regions
(BOE Report) – Israel’s offshore Leviathan gas field will resume operations after a month-long war shutdown, the Israeli energy ministry said on Thursday. The field, operated by Chevron, has been shut down since the U.S. and Israel launched attacks on Iran on February 28. “Following situation assessments and a review of all relevant considerations, it has been decided at this stage
