United States Archives -

Tenaris invests $90 million to modernize Pennsylvania OCTG manufacturing

June 30, 2026

(World Oil) – Tenaris will invest more than $90 million to modernize its steelmaking and seamless pipe manufacturing operations in Pennsylvania, expanding automation and production capabilities to support growing demand from the U.S. oil and gas industry. The investment will fund upgrades at the company’s steel shop in Koppel and seamless pipe mill in Ambridge, where automation and equipment improvements are expected

Rubio says U.S. won’t do anything that would undermine Gulf security

June 24, 2026

(Investing) – KUWAIT CITY – U.S. Secretary of State Marco Rubio on Wednesday vowed that the United States will not do anything that would undermine the security of U.S. allies in the Gulf region when it comes to Washington’s dealings with Iran. “We’re going to be completely aligned with our partners in the Gulf,” Rubio told reporters in Kuwait City before

Trump admin takes aim at oil, gas drilling costs

June 24, 2026

(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

Santos brings first Pikka wells online in Alaska

June 23, 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

America’s second oil boom

June 22, 2026

(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

ExxonMobil announces planned effective date for move to Texas

June 22, 2026

(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

Alaska holds billions of barrels, but few bidders

June 18, 2026

(By Oil & Gas 360) – Alaska may hold some of the largest undeveloped oil and natural gas resources in North America, yet attracting the capital needed to develop them remains a persistent challenge. That contradiction is becoming increasingly apparent as policymakers seek to revive Arctic energy development while investors continue directing most of their dollars elsewhere. Despite renewed interest

U.S. EV adoption slows while global demand accelerates

June 16, 2026

(Oil Price) – Electric vehicle sales in the United States are set to account for only 17% of all nationwide passenger vehicle sales in 2030, BloombergNEF said in its latest EV outlook, slashing its 27%-share projection from last year as the Trump Administration ended incentives for electric vehicles. Back in 2024, the year before President Trump won a second term in office, BloombergNEF

US natgas prices at Waha turn positive for first time since February as pipeline constraints ease

June 16, 2026

(BOE Report) – U.S. spot natural gas prices for Tuesday at the Waha Hub in West Texas turned positive for the first time since early February as demand for the fuel rises with the coming of the summer air conditioning season and energy firms start to wrap up spring pipeline maintenance. Electric companies burn more gas as homes and businesses

APA acquires North Slope infrastructure, adds acreage and production

June 10, 2026

(World Oil) – APA Corporation has agreed to acquire Savant Alaska, LLC in a deal that will give the company control of key production and transportation infrastructure supporting its growing position on Alaska’s eastern North Slope. The transaction includes approximately $70 million in upfront consideration, plus contingent payments tied to future development activities. APA said the acquisition is expected to improve development

Permian basin supports 940,000 U.S. jobs, drives billions in economic impact

June 9, 2026

(World Oil) – The Permian basin continues to strengthen its position as a key driver of U.S. energy production and economic growth, supporting more than 940,000 jobs nationwide and contributing billions of dollars to local, state and national economies, according to new reports released by the Permian Strategic Partnership (PSP). The organization’s 2025 Annual Report and accompanying Power of the Permian economic

The Williston Basin: A mature petroleum system at the edge of its second act

June 4, 2026

(Oil & Gas 360) By Greg Barnett, MBA – The Williston Basin has evolved from a breakout shale story into a disciplined, capital-driven system where value is defined less by discovery than by execution. Its future will not be determined by new acreage or step-change production growth, but by recovery efficiency, infrastructure alignment, and capital allocation within a competitive global

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