Crude Oil Archives - Page 10 of 923 -

NOG maintains 2026 production outlook as Permian volumes recover

July 13, 2026

(World Oil) – Northern Oil and Gas (NOG) reaffirmed its 2026 production and capital expenditure guidance Monday after reporting improving production conditions in the Permian basin, continued acquisition activity and the closing of its previously announced Duvernay joint development transaction. During the second quarter, approximately 7,000 boed of NOG production was temporarily shut in by operators, primarily on the company’s Novo assets

Uruguay’s offshore oil province could be bigger than Vaca Muerta

July 13, 2026

(Oil Price) – Companies are gearing up for exploration drilling in deepwater blocks offshore Uruguay in the hope that the South Atlantic margin offshore South America could hold a lot of oil, similar to the recent discoveries offshore Namibia in Africa. Uruguay, with a limited exploration drilling history of three wells spudded, all dry, has attracted the interest of many international

Iraq’s prime minister seeks big energy investments on US trip

July 13, 2026

(BOE Report) – BAGHDAD – Iraq’s new Prime Minister Ali al-Zaidi aims to secure major U.S. investment in his country’s oil, gas, and power sectors during a visit to the White House this week after the Iran war hammered crude output and state finances. * Zaidi bets on US companies to bolster energy sector * Iran war dealt major blow

Hormuz traffic slows to two-month low as renewed US, Iran strikes raise safety risk

July 13, 2026

(Investing) – LONDON/SINGAPORE – The number of tankers transiting the Strait of Hormuz fell in the past day to the lowest level in two months, shipping data showed on Monday, as renewed strikes between the U.S. and Iran and attacks on vessels heightened safety concerns. Shipping industry sources said vessels were increasingly switching off their public AIS tracking transponders, making it

360 Energy Pulse: What mattered this week in energy

July 10, 2026

(By Oil & Gas 360) – This week was a reminder that today’s energy market can change direction in a matter of hours. Escalating military action between the U.S. and Iran briefly sent crude prices sharply higher before economic concerns pulled them back lower. While oil remained volatile, the week’s bigger story centered on the industry’s continued investment in long-term

Once you’ve declared independence, the job is to stay independent

July 10, 2026

(Oil & Gas 360) By Greg Barnett, MBA – Hanging in my office is a Bowles map published in 1783, the year America secured its independence. Among the rivers, settlements, mountains, and boundaries of a young Republic appears a single word in western Pennsylvania: Petroleum. The resource was known. The opportunity was not. For nearly eighty years, the hydrocarbons beneath

IEA chief urges EU to revisit Arctic oil and gas drilling ban

July 10, 2026

(World Oil) – International Energy Agency Executive Director Fatih Birol pressed the European Union to revisit its moratorium on drilling for oil and gas in the Arctic, challenging the bloc’s long-held opposition to new fossil fuel development there. “I support the Commission to give a very close look at this issue because it is extremely important for the European energy security,”

ADNOC orders $900 million in new LNG carriers to expand global fleet

July 10, 2026

(Oil Price) – ADNOC Logistics and Services has placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to seize the global rise in LNG demand. ADNOC Logistics and Services on Friday announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately

Venezuela issues sweeping oil regulations to expand private sector role

July 10, 2026

(World Oil) – Venezuela’s interim government published long-awaited oil regulations on Thursday that effectively end the decades-long control of national oil company Petróleos de Venezuela SA (PDVSA) over the country’s lifeblood industry. Spanning 29 pages in the Official Gazette, the regulations lay out rules for the private sector to operate, from wellhead to fuel pump, as well as fiscal terms, with a range

Iran escalation could threaten 2027 oil market surplus, IEA says

July 10, 2026

(BOE Report) – A recent escalation of hostilities between the U.S. and Iran could upend the International Energy Agency’s forecast of a significant oil market surplus next year, it said on Friday, as global supply jumped in June when the Strait of Hormuz reopened but still lagged pre-war levels. Global oil markets received some respite last month as a peace

Tanker traffic slows in Strait of Hormuz after US and Iran clashes

July 10, 2026

(Investing) – DUBAI – Daily tanker traffic in the Strait of Hormuz appeared to have slowed on Friday, after the U.S. and Iran exchanged hostilities this week and renewed their arguments over who was in control of passage through the critical waterway. The attacks renewed concerns about the recovery of global oil supplies and shipping, and highlighted the fragility of an

The Americas are rewiring global oil trade

July 9, 2026

(By Oil & Gas 360) – The global oil market is undergoing one of its most significant structural shifts in decades, and much of that transformation is taking place across the Americas. What was once viewed primarily as a collection of regional production basins is evolving into an integrated export platform that is increasingly supplying Europe and Asia while reshaping

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