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Mozambique, South Africa LNG Terminal Deal Seen by January

14 November 2026, 12:00pm
Rompco expects to conclude an agreement by January for a new liquefied natural gas terminal, its CEO said.
Read more... (source: www.rigzone.com)

Crude Fluctuates as Iran Tensions Persist

13 November 2026, 8:49pm
Brent settled near $96 as Middle East supply risks offset signs of an oil surplus.
Read more... (source: www.rigzone.com)

Benin Ships 1st Crude Cargo for Decades From Revived Oil Field

13 November 2026, 8:00pm
Benin has rejoined the ranks of West Africa's oil-exporting states.
Read more... (source: www.rigzone.com)

Ukraine Hits 9th Russian Oil Refinery Since Start of Nov

13 November 2026, 4:20pm
Ukraine continued its campaign of near daily strikes on Russian oil assets.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Rise Almost 5MM Barrels Week on Week

13 November 2026, 4:06pm
Commercial crude oil stocks, not including the SPR, came in at 414.417 million barrels on November 6, the EIA's latest weekly petroleum status report revealed.
Read more... (source: www.rigzone.com)

ExxonMobil Greenlights Eighth Stabroek Project

13 November 2026, 3:32pm
ExxonMobil announced a $12.5-billion final investment decision to proceed with Longtail - the first development that is primarily gas and condensate - in the Stabroek block offshore Guyana, after securing government approvals.
Read more... (source: www.rigzone.com)

Murphy Oil Re-Enters Cameroon

13 November 2026, 2:27pm
Cameroon awarded Murphy Oil four production sharing contracts, marking the company's re-entry into the Central African country after exiting a decade ago.
Read more... (source: www.rigzone.com)

Hydropower generation in the Southwest fell to record lows this summer

13 November 2026, 2:00pm
Prolonged drought conditions affecting the Colorado River Basin led to record low hydropower generation this summer in the Southwestern electricity supply region, which includes Arizona, New Mexico, and small parts of Nevada and California. Hydropower generation from April through August 2026 was 19% lower than during the same period last year and 28% lower than the 10-year average, according to the latest data from our Form EIA-923 survey
Read more... (source: www.eia.gov)

USA Oil, Gas Workforce Hits Lowest Figure So Far in 2026

13 November 2026, 12:32pm
The number of employees in the oil and gas extraction industry hit its lowest figure so far this year, data on the U.S. Bureau of Labor Statistics website showed.
Read more... (source: www.rigzone.com)

Aramco, PIF Close HUMAIN AI Deal

13 November 2026, 11:22am
The deal involves approximately $2.6 billion in cash contributions in 2026 from Aramco to HUMAIN, in addition to AI, compute, and digital assets.
Read more... (source: www.rigzone.com)

Eni Plans Nearly $15B Gross Investment in UK through 2030

13 November 2026, 10:53am
Eni unveiled plans for around GBP 11 billion in 'gross investments' in the United Kingdom between 2026 and 2030, focused on lower-carbon projects.
Read more... (source: www.rigzone.com)

IEA Sees Oil Surplus for First Time in Iran War

13 November 2026, 9:36am
'The oil market is showing tentative signs of rebalancing, with global oil supplies surpassing demand for the first time since the outbreak of the war in Iran'.
Read more... (source: www.rigzone.com)

Oil Rises as Trump Dims Iran Deal Hopes

12 November 2026, 9:50pm
Oil prices rose more than 3% as Trump's comments dampened hopes for a diplomatic breakthrough with Iran.
Read more... (source: www.rigzone.com)

VEN Sends First Oil Gear in Years to USA for Repairs

12 November 2026, 9:00pm
Venezuela is sending state-owned oil equipment to the U.S. for repairs for the first time in more than a decade.
Read more... (source: www.rigzone.com)

Trump Admin Unveils New Plan to Sell Federal Land

12 November 2026, 4:20pm
The Trump administration has unveiled plans to sell public land as part of a new strategy laying out Interior Department goals.
Read more... (source: www.rigzone.com)

Naftogaz Gets Dutch Grant to Secure Winter Gas

12 November 2026, 4:09pm
Ukraine's state-owned Naftogaz secured an agreement for a Dutch government grant of over $25 million through the EBRD to help secure natural gas supply, as Ukraine and Russia continue to exchange attacks on energy infrastructure.
Read more... (source: www.rigzone.com)

USA DOE Closes $480MM Loan to Expand American Energy Output

12 November 2026, 3:30pm
The U.S. Department of Energy's Office of Energy Dominance Financing announced the financial close of a $480 million loan for Arena Energy's Project Elkhorn.
Read more... (source: www.rigzone.com)

EIA Raises 2026, 2027 Oil Price Forecasts Yet Again

12 November 2026, 3:22pm
The U.S. Energy Information Administration raised its 2026 and 2027 Brent oil spot price forecasts yet again in its latest short term energy outlook.
Read more... (source: www.rigzone.com)

Uniper Starts Green Hydrogen Production at Central German Energy Park

12 November 2026, 3:06pm
Uniper and VNG H&V began producing renewable hydrogen at a 30-megawatt electrolysis plant at Energiepark Bad Lauchstadt, a federally funded project that developers describe as an industrial-scale laboratory for the entire hydrogen value chain.
Read more... (source: www.rigzone.com)

EIA forecasts Alaskan crude oil production to grow 13% in 2027

12 November 2026, 2:00pm
After decades of decline, crude oil production in Alaska is growing, driven by two projects on Alaska's North Slope. In our latest Short-Term Energy Outlook, we expect a 23,000 barrels per day (b/d) (6%) increase in 2026, followed by a 60,000 b/d (13%) rise in 2027. At a forecast 505,000 b/d in 2027, output would be the most since 2014.
Read more... (source: www.eia.gov)

Analyst Flags Oil's Biggest Threat

12 November 2026, 11:16am
Terri-Leigh Bennett, Chief Operating Officer of CMS Prime, flagged oil's biggest threat in an analysis piece sent to Rigzone.
Read more... (source: www.rigzone.com)

Flex LNG Posts Record Q3 Revenue but Sees 'Muted' Spot Market Ahead

12 November 2026, 10:01am
Flex LNG logged $34.97 million in net profit adjusted for nonrecurring items for the third quarter, up from $23.52 million for the same three-month period last year as the LNG shipper posted its highest-ever revenue for the July-September period.
Read more... (source: www.rigzone.com)