(Oil & Gas 360) By Greg Barnett, MBA – A June 2026 Perspective on the Monthly Energy Review, the Short-Term Energy Outlook, and the Global Forces Behind Your Gasoline Bill. The June 2026 edition of the Energy Information Administration’s Monthly Energy Review (MER) arrives with remarkably little drama. U.S. energy production remains strong. Consumption remains relatively stable. Exports continue to
(World Oil) – Kazakhstan’s giant Karachaganak oil and gas field cut crude production by more than a quarter after a drone attack forced the shutdown of a processing plant in Russia that handles its gas. Karachaganak, one of Kazakhstan’s three largest hydrocarbon projects alongside Tengiz and Kashagan, accounts for about 10% of the country’s oil production. Because the field produces crude
(Oil & Gas 360) – HOUSTON, TX, June 25, 2026 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) – an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin – today announced the promotion of Gregory S. Patton to Chief Executive Officer and member of the
(Oil Price) – The U.S. federal government will reduce costs for oil and gas drillers by slashing red tape for the industry, aiming to tempt drillers to expand on federal lands. In a news release this week, the Interior Department said it would revise the Bureau of Land Management’s rule for federal land leasing for oil and gas drilling as well as the
(Oil & Gas 360) – Investor webcast scheduled for June 30, 2026, at 1:00 p.m. PDT. Vancouver, BC – June 23, 2026 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce that Dr. Paul Clarke, President and Chief Executive Officer, will host an investor webcast via Zoom on June 30, 2026,
(World Oil) – Santos has commenced continuous production operations at the Pikka Phase 1 oil development on Alaska’s North Slope, marking a major milestone for one of the region’s largest new oil projects. The company said the first production wells are now online and delivering approximately 20,000 bopd of gross production. Santos expects to begin seawater injection for reservoir pressure support in
(By Oil & Gas 360) – The next great American oil boom may not come from discovering a new basin. It may come from recovering more oil from fields that have already been producing for decades. For more than a century, the U.S. oil industry has focused on finding new resources. From the giant conventional fields of Texas and California to the
(Oil & Gas 360) – SPRING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation today announced that its redomiciliation from New Jersey to Texas is expected to become effective on July 1, 2026. As part of this change, ExxonMobil Holdings Corporation will become the publicly traded parent company, replacing Exxon Mobil Corporation of New Jersey. Shares will continue to trade on the New York Stock Exchange
(World Oil) – Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy, advancing the company’s strategy to streamline its portfolio and strengthen its balance sheet. The final cash consideration totaled approximately $127 million following closing adjustments, with additional contingent payments of up to $40 million
(BOE Report) – Alberta’s oil sands have emerged as one of North America’s most attractive oil plays as costs rise in competing basins like the Permian in Texas, according to a recent report. The oil sands hold 177 billion barrels of proved reserves, making it the largest play in North America by a wide margin. Existing operations have some of the continent’s lowest
(Oil Price) – Oil prices remain elevated in the wake of the Iran War. Tehran’s ability to close the Strait of Hormuz has sharply crimped world oil supply, with around 20% of all petroleum consumed globally passing through the waterway. This triggered an oil shock with prices surging to levels not seen since Russia’s invasion of Ukraine. Although this is straining economies worldwide, it
(Oil & Gas 360) – FOR IMMEDIATE RELEASE SAGE ENERGY PARTNERS WHOLLY OWNED SUBSIDIARY SAGE WATER RESOURCES ANNOUNCES SUCCESSFUL RECOVERY AND ENHANCED CYBERSECURITY HARDENING OF UINTA BASIN INFRASTRUCTURE FOLLOWING TARGETED GEOPOLITICAL CYBER INCIDENT DUCHESNE, UTAH — June 10, 2026 — Sage Energy Partners / Sage Water Resources (SWR), a leading Native American-owned and operated water infrastructure and management provider in the Uinta
