(By Oil & Gas 360) – Energy markets are moving beyond volatility into something more structural. This week, the story wasn’t just price swings or disruption — it was how prolonged instability is beginning to reshape economies, trade flows, and capital decisions. The longer the crisis persists, the more permanent the shifts become. THIS WEEK’S 5 HEADLINES THAT MATTERED 1.
(World Oil) – Occidental Petroleum said President and CEO Vicki Hollub will retire effective June 1, 2026, with Chief Operating Officer Richard Jackson set to assume the role. Jackson will also join the company’s board of directors upon becoming CEO. Hollub, who has led Occidental since 2016, will remain on the board following her retirement, providing continuity during the leadership transition. The move follows what the
(By Oil & Gas 360) – Suriname has been one of the most talked-about emerging oil provinces in recent years, often mentioned alongside Guyana as part of the same transformational offshore basin. Early discoveries in Block 58, led by TotalEnergies and APA Corporation, confirmed a working petroleum system and pointed to hundreds of millions of barrels of recoverable resources, quickly putting
(Oil & Gas 360) By Greg Barnett, MBA – Hubbert Peak Theory is having a quiet second life. Not as prophecy, and not as an obituary for oil, but as a structural framework that has finally been stress‑tested by scale, capital, and technology. The shale era did not disprove Hubbert. It revealed what his model assumed but never had to
This week’s Baker Hughes Rig Count shows that the U.S. increased by 3 last week, resulting in a total count of 547 rigs. Canada decreased by 7 over last week, resulting in a total Canadian count of 123 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford, and Haynesville regions experienced an increase this week.
(Oil & Gas 360) – Publisher’s Note: SM Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – SM Energy Company has completed the sale of certain South Texas assets for $950 million, advancing the company’s broader portfolio repositioning strategy. The transaction delivers approximately $900 million in net proceeds and represents a major step toward SM Energy’s
(Oil Price) – Venezuela has signed agreements with two U.S. energy firms to operate in the country as a growing number of international oil and gas companies are vying to return to the world’s biggest crude resource holder. The Venezuelan government of interim President Delcy Rodríguez has just signed agreements with U.S. firms Hunt Overseas Oil Company and Crossover Energy, which plan to
(World Oil) – OPEC+ is likely to agree another symbolic production increase for June, in the group’s first move since the surprise departure of the United Arab Emirates, three delegates said. Seven major nations led by Saudi Arabia and Russia will probably add 188,000 bpd to their output target during a video conference on Sunday, two of the delegates said,
(Investing) – Venezuela’s oil exports increased 14% to 1.23 million barrels per day in April, marking the highest level in more than seven years, according to shipping data and documents from state company PDVSA released on Friday. The rise in exports was driven by increased sales to the United States, India and Europe. A total of 66 vessels departed from Venezuelan
