(By Oil & Gas 360) – Six months into the Iran war, global energy markets are confronting an uncomfortable reality: disruption is no longer a temporary event to trade around, but an increasingly structural consideration for producers, governments, shippers, and investors. Nearly half of global oil flows now originate in or move through conflict-affected regions, Hormuz traffic has fallen to
(World Oil) – Iran said it discovered more than 7.5 trillion cubic feet of natural gas, after months of war with the U.S. and Israel seriously disrupted its energy sector. Around 5.7 Tcf of the find in the country’s southern Fars province is recoverable, Oil Minister Mohsen Paknejad told state TV on Sunday. He described it as equivalent to 15 years
(BOE Report) – Infrastructure company WhiteWater and its joint venture partners Devon Energy, MPLX, Diamondback Energy and Western Midstream Partners said on Monday they had reached a final investment decision (FID) to build two natural gas pipelines from the Permian Basin to Katy, Texas. The Permian Basin, the largest oil-producing region in the U.S., has seen steady growth in associated
(World Oil) — Petro-Victory Energy Corp. has more than doubled oil production during its first year of operations at Capixaba Energia in Brazil, while reducing production costs and identifying additional reservoir opportunities through a workover and optimization program. Oil production increased 128%, from 256 bpd to 583 bpd, while natural gas production rose 471%, Petro-Victory reported. Production costs declined 37%, from
(Oil & Gas 360) – Vancouver, BC – August 10, 2026 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce a significant increase in the value of the Company’s independent contingent resource evaluation for its deep gas project, located on the Company’s 100% WI, BA-IX Mining Plot and Kiskunhalas Concession Area (“KCA”),
(Oil Price) – Bank of America (BoFA) is warning that oil prices could continue climbing into the winter if the U.S. and Iran fail to reach an agreement reopening the Strait of Hormuz, with severe shortages already emerging in diesel, gasoline and global natural gas markets. “We’ve been expecting oil to be in the $70 to $80 a barrel range for
(World Oil) – ADNOC Gas has taken final investment decisions (FID) on the next phases of its Rich Gas Development (RGD) project, awarding $8.2 billion in engineering, procurement and construction (EPC) contracts that will expand natural gas processing capacity and support the company’s long-term growth strategy. The awards include a $3.9 billion Phase 2 contract to Wison Engineering and a $4.3 billion Phase 3 contract to Tecnimont. Combined with the $5 billion Phase 1
(World Oil) — Petrobras increased its oil and natural gas production 14.1% year over year to a record 3.34 MMboed in the second quarter of 2026, driven by the continued ramp-up of major pre-salt developments in the Santos basin and improved operational efficiency across its offshore portfolio. Production also rose 3.4% from the first quarter as the company benefited from increasing
(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
(By Oil & Gas 360) – The reopening of the Strait of Hormuz has brought a measure of relief to global energy markets. Tankers are once again moving through the world’s most important energy corridor, crude prices have retreated from their wartime highs, and traders have become increasingly optimistic that the worst of the disruption may be over. That optimism
(Oil & Gas 360) By Greg Barnett, MBA, Part 3 of 3 – Any transportation fuel transition ultimately converges on a single question: cost. Engineering feasibility, policy alignment, and infrastructure development all shape the pathway to adoption, but for fleet operators and commercial users, the decision is grounded in economics. The comparison between diesel, compressed natural gas (CNG), and electric
(Oil & Gas 360) By Greg Barnett, MBA, Part 1 of 3- The United States possesses one of the largest natural gas reserves in the world, supported by an extensive pipeline network, mature production capabilities, and decades of operational expertise. Yet despite this structural advantage, natural gas has never been fully deployed as a transportation fuel at national scale. This
