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OMV Appoints Former BP EVP of Products as CEO

21 April 2026, 7:57am
OMV appointed Emma Delaney, previously customers and products executive vice president at BP, as Alfred Stern's replacement and the Austrian state-backed energy company's first female CEO.
Read more... (source: www.rigzone.com)

Xi Urges Ceasefire, Full Hormuz Transit in Saudi Call

20 April 2026, 8:00pm
China President Xi Jinping called for an immediate ceasefire and the restoration of normal transit through the Strait of Hormuz.
Read more... (source: www.rigzone.com)

Crude Surges On Renewed Hormuz Fears

20 April 2026, 7:55pm
Markets react to ceasefire doubts and blocked flows.
Read more... (source: www.rigzone.com)

North America Loses Rigs for 8 Straight Weeks

20 April 2026, 2:37pm
North America dropped seven rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Read more... (source: www.rigzone.com)

Phillips 66, United Airlines, DSV Enter 42MM-Liter SAF Partnership

20 April 2026, 2:00pm
'United Airlines will use the fuel, while DSV and Microsoft participate through a book and claim methodology, allowing verified emissions reductions to be allocated independently of physical fuel use'.
Read more... (source: www.rigzone.com)

China, the United States, and Japan hold most strategic oil inventories in 2025

20 April 2026, 2:00pm
In the 1970s, the United States and other OECD countries established strategic oil stocks aimed at mitigating the impact of supply disruptions. In March 2026, the United States, along with other members of the International Energy Agency, agreed to a coordinated emergency release of strategic oil stocks following the effective closure of the Strait of Hormuz.
Read more... (source: www.eia.gov)

Oil Contractors Face Profit Hits from War Fallout

20 April 2026, 1:59pm
Analysts have been cutting per-share profit forecasts for the three largest oilfield service companies since shortly after the conflict erupted in late February.
Read more... (source: www.rigzone.com)

Woodside Awards $215MM Contract for Louisiana LNG Tugboats

20 April 2026, 1:12pm
The Australian company awarded Green Tug Towing a contract of over AUD 300 million to build four tugs for the Louisiana LNG project.
Read more... (source: www.rigzone.com)

Data Center Electricity Use Surges

20 April 2026, 11:37am
Data center electricity use surged in 2025, the International Energy Agency (IEA) said.
Read more... (source: www.rigzone.com)

Iberdrola Raises Generation Capacity to Nearly 59GW

20 April 2026, 10:16am
The Spanish company's U.S. portfolio saw the biggest growth (+693MW), while battery energy storage led growth by technology across Iberdrola's global portfolio.
Read more... (source: www.rigzone.com)

Oil Down on Friday, Up on Monday

20 April 2026, 9:51am
SEB Chief Commodities Analyst Bjarne Schieldrop warned that the U.S.-Iran ceasefire is expiring on Tuesday.
Read more... (source: www.rigzone.com)

Eni Declares 'Giant' Gas Discovery offshore Indonesia

20 April 2026, 8:56am
'Preliminary estimates indicate in-place resources of approximately 5 trillion cubic feet of gas and 300 million barrels of condensate in the encountered interval'.
Read more... (source: www.rigzone.com)

Hormuz at Standstill as US Seizes Iran Vessel

20 April 2026, 7:01am
Commercial traffic through the strait is at a virtual standstill after a brief and confused reopening ended with the first U.S. seizure of an Iranian vessel.
Read more... (source: www.rigzone.com)

Repsol, Venezuela Agree Terms for Production Increase

19 April 2026, 11:00am
Under the new agreement with the government and state-owned PdVSA, Repsol would grow its Venezuelan gross production by 50 percent within 12 months and triple it over the next three years.
Read more... (source: www.rigzone.com)

Magyar Says Druzhba Oil Flows Could Resume Next Week

18 April 2026, 12:00pm
The pipeline, which brings Russian oil via Ukraine to central Europe, has been inoperative since January.
Read more... (source: www.rigzone.com)

Energy Prices Sink on Hormuz News

17 April 2026, 8:37pm
Oil and gas prices plunged as Iran signaled a temporary reopening of the Strait of Hormuz, easing supply fears.
Read more... (source: www.rigzone.com)

EagleRock Files for IPO

17 April 2026, 8:00pm
EagleRock Land LLC filed for an initial public offering.
Read more... (source: www.rigzone.com)

EIA Raises USA Fuel Price Projections for 2026, 2027

17 April 2026, 1:59pm
'Higher crude oil prices are leading to higher prices at the pump for gasoline and diesel', the EIA said.
Read more... (source: www.rigzone.com)

Iran Says Hormuz Strait Now Completely Open

17 April 2026, 1:23pm
Iran announced that the Strait of Hormuz is now 'completely open' for commercial traffic.
Read more... (source: www.rigzone.com)

Calcasieu Pass LNG Secures $1.75B Loan

17 April 2026, 11:29am
Venture Global used part of the proceeds from the senior secured, term loan B facility to redeem preferred equity interests issued to Stonepeak Bayou Holdings II.
Read more... (source: www.rigzone.com)

Oil Prices Could Remain Under Pressure

17 April 2026, 10:52am
Oil prices could remain under pressure amid hopes of a diplomatic breakthrough in the Middle East, BankPro CEO Paolo Broccardo said.
Read more... (source: www.rigzone.com)

U.S. natural gas exports to grow nearly 30% by 2027 as LNG facilities ramp up

16 April 2026, 2:00pm
In our latest Short-Term Energy Outlook (STEO), we forecast that U.S. liquefied natural gas (LNG) exports will continue to increase as five LNG export projects start operations and ramp up production by the end of 2027. We also forecast increased natural gas pipeline exports, mainly to Mexico. In our forecast, net exports of U.S. natural gas (exports minus imports) grow 18% to 18.7 billion cubic feet per day (Bcf/d) in 2026. In 2027, net exports increase another 10% to 20.5 Bcf/d.
Read more... (source: www.eia.gov)

What's in your gasoline? Understanding U.S. motor gasoline formulations

15 April 2026, 8:00pm
Motor gasoline in the United States is a blend of hydrocarbons and chemicals, with specific formulas varying by region and season. To meet federal air quality standards, the U.S. Environmental Protection Agency (EPA) and state regulators require different formulations, depending on air quality and location, which affect performance, cost, and emissions. In addition, warmer summer months require a different gasoline formulation than cooler winter months. Key differences between formulations include octane rating, volatility-commonly measured as Reid vapor pressure (RVP)-and emissions. This year, the EPA will relax federal enforcement of summer RVP standards to help reduce gasoline prices.
Read more... (source: www.eia.gov)

Hydropower generation expected to recover despite snow drought in the West

14 April 2026, 8:00pm
In our April Short-Term Energy Outlook (STEO), we expect U.S. hydropower generation will increase by 5% in 2026 but remain 1.8% below the 10-year average following snow drought conditions in some states. Hydropower generation in 2025 increased to 245 billion kilowatthours (BkWh), about 4 BkWh more than the record-low generation year 2024. In 2026, we expect generation will be 259 BkWh, which would represent 6% of U.S. electricity generation.
Read more... (source: www.eia.gov)