VAALCO advances Gabon drilling program, targets Q2 restart of Baobab offshore field
(World Oil) – VAALCO Energy has reported strong initial results from its ongoing offshore Gabon drilling campaign, while progressing additional development activity and a planned production restart offshore Côte d’Ivoire. The company said the Etame 14H development well has been successfully drilled, completed and brought online in the
Saudi Arabia February crude exports up, output highest since 2022, JODI says
(BOE Report) – Saudi Arabia’s crude oil exports rose to 7.276 million barrels per day in February, from 6.993 million bpd in January, while crude output hit its highest level since October 2022, Joint Organizations Data Initiative (JODI) data showed on Tuesday. Saudi production
Energy Market Assessment: Our predictions, Strait of Hormuz safely opens in 3-4 weeks
(Oil & Gas 360) By Michael Smolinski – Our Predictions: Strait Of Hormuz Safely Open In 3-4 Weeks, We’ve Seen Retail Oil Price Highs, Much Higher Natural Gas Prices Will Follow April Lows. Operation Epic Fury jumped retail oil prices to burdensome
The global supply reset: The Middle East, still the core, but under pressure
(Oil & Gas 360) – The Middle East remains the center of gravity in global energy, but it is no longer viewed as a stable foundation. It is now both the system’s anchor and its primary fault line. No other region combines scale, cost
Energy Market Assessment: Our predictions, Strait of Hormuz safely opens in 3-4 weeks
(Oil & Gas 360) By Michael Smolinski – Our Predictions: Strait Of Hormuz Safely Open In 3-4 Weeks, We’ve Seen Retail Oil Price Highs, Much Higher Natural Gas Prices Will Follow April Lows. Operation Epic Fury jumped retail oil prices to burdensome
Aramco, TotalEnergies assess damage at SATORP refinery after overnight incident
(World Oil) – TotalEnergies reported damage at the SATORP refinery in Saudi Arabia following overnight incidents linked to the ongoing Middle East conflict, resulting in the shutdown of one of the site’s two processing trains. The SATORP facility, a joint venture majority-owned by Saudi Aramco
VAALCO advances Gabon drilling program, targets Q2 restart of Baobab offshore field
(World Oil) – VAALCO Energy has reported strong initial results from its ongoing offshore Gabon drilling campaign, while progressing additional development activity and a planned production restart offshore Côte d’Ivoire. The company said the Etame 14H development well has been successfully drilled, completed and brought online in the
California orders Sable offshore to remove Santa Ynez pipeline crossing state park
(World Oil) – California’s Natural Resources Agency has ordered Houston-based oil driller Sable Offshore Corp. to remove a pipeline crossing a state park days after the US government instructed the company to begin pumping crude through the conduit. US Energy Secretary Chris Wright, following
US will punish fraud and insider trading, derivatives regulator tells Congress
(Investing) – WASHINGTON – Washington’s top derivatives regulator on Thursday reassured lawmakers that the United States will punish fraud as concern mounts on Capitol Hill that oil, stock and prediction market players are illicitly trading on inside information from the White House, according to prepared
Tanker fleet heads to load U.S. oil as Middle East supply crumbles
(Oil Price) – Empty supertankers have left Asia en route to the U.S. via the Cape of Good Hope in one of the biggest queue of vessels ever seen at sea, as Asian buyers rush to load U.S. crude to replace part of the supply
Halliburton weathers Iran disruption, sees early North America rebound
(World Oil) – Halliburton signaled early signs of a North America recovery while maintaining international growth momentum, even as geopolitical disruptions weighed on Middle East activity in first-quarter 2026. The oilfield services provider reported revenue of $5.4 billion for the quarter, with net income of
