U.S. Bureau of Land Management to Lease 156,000 Acres in Colorado for Drilling in June
The U.S. Bureau of Land Management (BLM) will hold a lease sale on June 16, offering approximately 1...
North America Rig Count Increases by 8 to 732 as of June 5
For the week ending June 5, the total rig count in North America increased by 8, reaching 732 active...
Equinor's Gullfaks Field Achieves 5,000th Crude Oil Delivery
Equinor's Gullfaks field on the Norwegian continental shelf recently delivered its 5,000th crude oil...
Saudi Transport Minister Compares Northern Sea Route to East-West Oil Pipeline
Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics of the Kingdom of Saudi Arabia, stat...
Libya's Arabian Gulf Oil Company Completes Well Workover at Bayda Field, Producing 1,553 bpd
The Arabian Gulf Oil Company (AGOCO) recently announced that the Z13-NC47 well at the Bayda Field ha...
U.S. Strategic Petroleum Reserve Drops to 357.1 Million Barrels
The U.S. Strategic Petroleum Reserve (SPR) inventory has fallen to near its lowest level in over 40 ...
Saudi Aramco says global refining industry underinvested, 3 million bpd capacity shut
Musaab Al Mulla, Vice President of Market Analysis and Sustainability at Saudi state-owned oil compa...
Australia's 344 Million Barrel Dorado Oil Field May See Investment Decision in 2027
Australia's largest undeveloped oil project, Dorado, may reach a final investment decision by 2027, ...
2026 U.S. Energy System Domestic Stability, Pricing Shifts to Global Markets
Latest data shows the U.S. energy system remains balanced, with domestic production maintaining high...
China Southern Power Grid and CNOOC Sign Strategic Cooperation Agreement to Deepen Oil-Electricity Synergy
On June 4, China Southern Power Grid and CNOOC signed a strategic cooperation agreement in Guangzhou...
Japan Approves Additional $19.4 Billion Budget to Address Energy Crisis
Japan has approved an additional $19.4 billion budget to address the pressure on domestic inflation ...
Polish FSRU Launched in South Korea
Polish energy company's floating storage and regasification unit (FSRU) and a commissioning service ...
ConocoPhillips Canada Montney Proppant Intensity Increases to 4.3 Tons/Meter, Surpassing U.S. Basins
ConocoPhillips is one of the very few operators in North America active simultaneously in Canada's M...
IADC DEC Q2 Forum in Houston Explores Drilling Data Interoperability
The International Association of Drilling Contractors (IADC) Drilling Engineering Committee (DEC) Q2...
Singapore's BW LPG sells 8.5% stake, exits India's CPIL on June 3, 2026
BW LPG has completed the sale of its 8.5% stake in Confidence Petroleum India (CPIL). The Singapore-...
Brazil's Brava Energia Oil Production Rises in May 2026 Due to Restart
Brazil's Brava Energia S.A. (B3: BRAV3) has released preliminary unaudited production data for May 2...
Morningstar DBRS Says Hormuz Strait Disruption Strengthens US, Canada LNG Position
The global liquefied natural gas market is undergoing a structural shift, with geopolitical risks pr...
GlobalData predicts renewable energy will account for over 40% of global power generation by 2030, oil and gas companies remain cautious
GlobalData's latest forecast indicates that renewable energy will supply over 40% of global electric...
International oil prices fell on the 5th, with New York light crude closing at $90.54 per barrel.
International oil prices closed lower on the 5th. Light crude oil futures for July delivery on the N...
U.S. Propane Inventories Rise by 2.1 Million Barrels, Weekly Export Average Drops by 976,000 Barrels
The U.S. Energy Information Administration (EIA) reported that for the week ending May 29, U.S. prop...
India's BPCL reports 4.3% and 6.7% growth in gasoline and diesel sales in May 2026
Driven by enhanced liquidity, robust industrial activity, and rising energy consumption in India, Bh...
Russia and Saudi Arabia Plan to Deepen Technical Energy Cooperation in 2026, Accounting for 25% of Global Daily Output
Alexey Kulapin, Director General of the Russian Energy Agency (REA), stated during the "Russia–Saudi...
Russian Deputy Prime Minister Novak Says Current Oil Output Lower Than Early 2026, Export Terminals at Full Capacity
Russian Deputy Prime Minister Alexander Novak told reporters at the St. Petersburg International Eco...
IEA Report: Global Energy Investment to Reach $3.4 Trillion in 2026
The International Energy Agency (IEA) released its 2026 flagship report, *World Energy Investment*, ...
In 2026, Russian Prime Minister Says Energy Supply Turmoil Causes Global Daily Loss of 12 Million Barrels of Oil
Russian Prime Minister Alexander Novak stated that fundamental changes in the supply of energy resou...
Kuwait Petroleum Company: Over 10 to 12 Weeks Needed to Restore Production After Strait of Hormuz Reopens
Kuwait Petroleum Company stated that even if an agreement to reopen the Strait of Hormuz is reached ...
South America's crude oil exports increased by 155 million barrels in the first five months, ranking first in global incremental volume
South America is rapidly emerging as a major new source of global crude oil flows, with the largest ...
India Deepens Energy Cooperation with Venezuela, April Crude Oil Imports Near 280,000 bpd
The Indian government has expressed its intention to deepen energy cooperation with Venezuela, inclu...
Norwegian Oil Company Reaches Wage Agreement with Unions, Averting Daily Production Cut of 45,500 Barrels
Norwegian Oil Company announced that it has reached a wage agreement with three labor unions, averti...
Chevron Taps Strategic Petroleum Reserve for First Time to Supply 460,000 Barrels of Crude Oil to California
Crude oil from the U.S. federal government's Strategic Petroleum Reserve has been shipped to Califor...