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Hormuz Shipping Activity Accelerates

18 June 2026, 2:07pm
A growing stream of stranded oil is making its way out of the Strait of Hormuz while empty Iranian vessels rush in, as the U.S.-Iran interim peace deal sparks one of the biggest days of activity since the conflict began.
Read more... (source: www.rigzone.com)

Permian natural gas production increased faster than crude oil

18 June 2026, 2:00pm
The Permian region's marketed natural gas production grew from 17.2 billion cubic feet per day (Bcf/d) in 2021 to 27.6 Bcf/d in 2025, a 60% increase, according to data from our latest Short Term Energy Outlook. Over the same period, crude oil production grew by 39%, going from 4.7 million barrels per day (b/d) to 6.6 million b/d. The higher growth in natural gas production is the result of increasing gas-oil ratios (GOR).
Read more... (source: www.eia.gov)

ExxonMobil Backs 1st South African LNG Import Terminal with Supply Deal

18 June 2026, 1:54pm
Zululand Energy Terminal, being developed as South Africa's first receiving terminal for liquefied natural gas, announced a preliminary agreement for ExxonMobil to supply LNG to the facility.
Read more... (source: www.rigzone.com)

Sable Seeks $1B Loan

18 June 2026, 1:00pm
The owner of the Santa Ynez Unit in California launched a marketing process for a senior secured term loan with a principal amount of up to $1 billion.
Read more... (source: www.rigzone.com)

Equinor Targets 150,000 Boed Production Growth by 2030

18 June 2026, 12:23pm
The majority state-owned energy major plans 6-8 tieback projects offshore Norway each year.
Read more... (source: www.rigzone.com)

Refinery Hit as Ukraine Pounds Moscow

18 June 2026, 8:47am
Russia's capital faced a record air bombardment overnight, with drones reaching the Moscow Oil Refinery, disrupting airport operations and forcing the closure of several major roads in and around the city.
Read more... (source: www.rigzone.com)

Eskom Reports Sustained Improvements in Grid Reliability

18 June 2026, 8:36am
The South African state-owned utility continues to register improvements in electricity supply reliability as winter demand escalates, reporting nearly 400 consecutive days without power interruptions from mid-May.
Read more... (source: www.rigzone.com)

US, Iran Peace Pact Takes Effect

18 June 2026, 8:02am
President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, speeding up the timeline for the agreement to go into effect despite blowback from Republicans who said it amounted to a victory for Tehran.
Read more... (source: www.rigzone.com)

Crude Stabilizes After Sharp Selloff

17 June 2026, 8:02pm
Oil edged higher, but prices remain under pressure as a US-Iran peace deal could restore major supplies to the market.
Read more... (source: www.rigzone.com)

Iraq Readies to Boost Oil Exports When Hormuz Reopens

17 June 2026, 3:17pm
There are already signs of shipping activity, with Iran moving its own oil tankers and other vessels changing course to head toward the Persian Gulf even before Washington and Tehran sign an interim agreement to end their hostilities later this week.
Read more... (source: www.rigzone.com)

CLNE to Deliver LNG Systems for 2 Power Projects in Puerto Rico

17 June 2026, 12:41pm
Clean Energy Fuels won contracts to design and install liquefied natural gas fuel systems for 2 power projects in Puerto Rico by PR Energy Partners and an unnamed international healthcare manufacturer.
Read more... (source: www.rigzone.com)

TotalEnergies Doubled Oil Trading Profit in Q1

17 June 2026, 12:05pm
TotalEnergies's oil trading profits doubled to about $1 billion in the first quarter as the energy giant went on a crude buying spree in the run-up to the Iran war, its CEO said.
Read more... (source: www.rigzone.com)

Iberdrola Raises $1.7B from Debt Instrument Sale

17 June 2026, 11:51am
'The proceeds will be used to finance network investments in Iberdrola's core markets, as well as to refinance selected renewable energy projects'.
Read more... (source: www.rigzone.com)

Former BP CEO Looney Joins Board of Fusion Power Developer

17 June 2026, 10:49am
Type One Energy named Bernard Looney, who resigned as BP chief executive in 2023 as he admitted failing to sufficiently disclose personal relationships with colleagues, to its board of directors.
Read more... (source: www.rigzone.com)

DFC, I Squared to Form $3B Platform to Expand US Energy Reach in Asia

17 June 2026, 9:58am
The platform 'will help strengthen energy connectivity between the United States and the Indo-Pacific region, including expanded access to U.S. LNG and related energy exports'.
Read more... (source: www.rigzone.com)

Iran to Get Major Economic Relief under US Deal

17 June 2026, 8:24am
Iran would be allowed to start oil exports immediately under an interim deal with the U.S. and gain access to a $300 billion economic development program following negotiations for a permanent peace meant to address Tehran's nuclear activities.
Read more... (source: www.rigzone.com)

Oil Extends Losses as Hormuz Reopens

16 June 2026, 8:09pm
Oil fell for a fourth straight session as a US-Iran deal to reopen the Strait of Hormuz improved expectations for increased crude supply.
Read more... (source: www.rigzone.com)

Chinese Refining in May at Lowest Level in Nearly 4 Years

16 June 2026, 4:18pm
The question for the market, now that a deal has been reached to reopen Hormuz, is whether Chinese demand for fuels like gasoline will normalize, or whether the rapid transport electrification has permanently dented consumption.
Read more... (source: www.rigzone.com)

Europe Wary of Sending Hormuz Aid as Questions Linger

16 June 2026, 3:57pm
At the Group of Seven Summit, held in France, Europeans have raised a series of questions about what exactly was agreed to before committing to demining missions and patrols.
Read more... (source: www.rigzone.com)

Hundreds of Well Workers offshore Norway Go on Strike

16 June 2026, 3:38pm
The Norwegian Union of Energy Workers is staging strikes against offshore well services companies after refusing proposals that the union sees as years behind collective bargaining agreements in other parts of the oil and gas industry.
Read more... (source: www.rigzone.com)

Solar generation in CAISO surpassed natural gas in the first five months of 2026

16 June 2026, 2:00pm
In the first five months of 2026, utility-scale solar generation surpassed natural gas generation in CAISO. Solar electricity generation in the California Independent System Operator (CAISO) over the first five months of 2026 increased 21% compared with the same period in 2024, and natural gas generation decreased by 60%, data from our Hourly Electric Grid Monitor shows.
Read more... (source: www.eia.gov)

USA EIA Raises 2026, 2027 Henry Hub Price Forecasts

16 June 2026, 11:00am
The U.S. Energy Information Administration raised its Henry Hub spot price forecasts for 2026 and 2027 in its latest short term energy outlook.
Read more... (source: www.rigzone.com)

Largest wind farm in the United States slated to begin commercial operations

12 June 2026, 2:00pm
The SunZia Wind Project, the largest wind farm in the United States, is slated to begin commercial operations this month. The wind farm, located in New Mexico, has a total net summer generating capacity of 3,650 megawatts (MW) and is composed of 916 wind turbines. SunZia's capacity is more than three times larger than the next two largest wind farms, Alta Wind in Southern California (1,098 MW) and Great Prairie in northern Texas (1,027 MW). The SunZia Wind Project works with a high voltage transmission line to deliver the wind power generated to Arizona and California.
Read more... (source: www.eia.gov)