July 7, 2026

Marubeni acquires Barnett shale operator EagleRidge Energy

July 7, 2026

(World Oil) – Marubeni Corporation has completed its acquisition of EagleRidge Energy, adding one of the largest operators in the Barnett shale to its growing North American natural gas portfolio. Dallas-based EagleRidge operates more than 3,500 wells across approximately 450,000 gross acres in North Texas and produces about 300 MMcfe/d, making it the third-largest producer in the Barnett Shale, according to the company.

Shell second quarter 2026 update note

July 7, 2026

(Oil & Gas 360) – The following is an update to the second quarter 2026 outlook and gives an overview of our current expectations for the second quarter. Outlooks presented may vary from the actual second quarter 2026 results and are subject to finalisation of those results, which are scheduled to be published on July 30, 2026. Unless otherwise indicated,

OPEC is likely loser in Gulf’s post-war race for market share: Bousso

July 7, 2026

(BOE Report) – The United Arab Emirates has fired the opening shot in what is fast becoming a fierce battle among Middle East oil producers to reclaim market share after the Iran war, a contest that threatens to weaken oil prices and further erode OPEC’s authority. Gulf producers, desperate for revenue to replenish state coffers depleted during the four-month-old conflict,

Big oil heads for record profits as Trump turns up the heat on gas prices

July 7, 2026

(Oil Price) – The oil majors are set for windfall earnings for the second quarter, which saw crude oil prices jump to a four-year high due to the closure of the Strait of Hormuz. The earnings at both ExxonMobil and Chevron are expected to have tripled in the April to June quarter compared to the first quarter, as the worst supply disruption in

Saudi Arabia slices crude oil prices, but is it enough?: Russell

July 7, 2026

(BOE Report) – Saudi Aramco has slashed its crude oil prices for Asia for August-loading cargoes, in a move that appeared to signal intent to regain market share and recover volumes after the Iran war. But even the record cut in the August official selling price (OSP) may not be enough as crude from rival Middle East producers, as well as

Oceaneering wins Petrobras ROV services contract offshore Brazil

July 7, 2026

(World Oil) – Oceaneering International has been awarded a four-year contract by Petrobras to provide remotely operated vehicle (ROV) services supporting offshore operations in Brazil. The contract, awarded through a competitive tender process, will be executed by Oceaneering’s Brazilian subsidiary, Marine Production Systems do Brasil (MPS). Operations are scheduled to begin in 2027. Under the agreement, Oceaneering will supply two work-class ROV systems, specialized

Oil prices gain as UKMTO says tanker struck by projectile in Hormuz

July 7, 2026

(Investing) – Oil prices gained on Tuesday, after a tanker transiting the Strait of Hormuz was struck by an unidentified projectile, the United Kingdom Maritime Trade Operations agency said. The vessel is believed to have structural damage, the UKMTO said, adding that there have been no casualties or environmental impact reported. Ships sailing through the strait were advised to “transit

Marubeni acquires Barnett shale operator EagleRidge Energy

Shell second quarter 2026 update note

Big oil heads for record profits as Trump turns up the heat on gas prices

Saudi Arabia slices crude oil prices, but is it enough?: Russell

Oceaneering wins Petrobras ROV services contract offshore Brazil

Oil prices gain as UKMTO says tanker struck by projectile in Hormuz

1317234 B.C. Ltd. and Nordiq (Formerly Marviken Ontario) Announce Termination of Business Combination Agreement

Nexera Announces Closing of Private Placement of Units (Under Partial Revocation Order)

NexGen Announces Voting Results for Election of Directors

New Zealand Energy Corp. Provides Corporate Update

Standard Uranium Announces Closing of First Tranche of Private Placement

Premium Content