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Reform UK Deputy Tells Industry North Sea Drilling Is Priority

29 May 2026, 1:36pm
Reform UK Deputy Leader Richard Tice told energy giants his poll-leading party would focus on cutting bills rather than investing in green energy if it wins the next general election.
Read more... (source: www.rigzone.com)

CBI to Deliver Storage Tanks for Commonwealth LNG

29 May 2026, 1:11pm
CB&I won a contract to build five 1.77 million-cubic foot LNG storage tanks for the Commonwealth LNG project in Cameron Parish, Louisiana.
Read more... (source: www.rigzone.com)

Bechtel Bags EPC Contract for Sabine Pass LNG Expansion

29 May 2026, 1:05pm
Cheniere Partners has now also given Bechtel a 'limited notice to proceed' for the contractor to launch early engineering and procurement activities.
Read more... (source: www.rigzone.com)

Democrat Lawmakers Probe Sable Campaign to Restart Santa Ynez Oil Flows

29 May 2026, 12:56pm
'We urge you to pause and consider the long-term legal and financial ramifications of collaborating with the Trump administration to circumvent California law', the legislators warned Sable's CEO.
Read more... (source: www.rigzone.com)

South African Port Authority Inks Deal for Regasification Project

29 May 2026, 7:32am
Transnet National Ports Authority executed a 25-year terminal agreement with Ukwanda LNG for a regasification project at the Port of Ngqura.
Read more... (source: www.rigzone.com)

Norway Campaigning for Withdrawal of EU Arctic Drilling Pause

29 May 2026, 7:27am
Norway is putting pressure on the European Union to remove a moratorium on new oil and gas drilling in the Arctic where almost two-thirds of its petroleum resources lie.
Read more... (source: www.rigzone.com)

Iran, US Tentatively Agree to Renew Truce for 60 Days

29 May 2026, 7:10am
The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran's nuclear program, a person with knowledge of the matter said.
Read more... (source: www.rigzone.com)

Crude Mixed on Iran Truce Talks

28 May 2026, 9:03pm
Traders balanced Iran deal optimism against falling US crude inventories.
Read more... (source: www.rigzone.com)

US Strikes Iran Military Targets Near Hormuz

28 May 2026, 2:00pm
The U.S. carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz, highlighting the fragility of recent diplomatic momentum.
Read more... (source: www.rigzone.com)

Natural gas for power generation flat this summer, record high expected in 2027

28 May 2026, 2:00pm
We forecast natural gas consumption by the U.S. electric power sector this summer will remain near recent highs and set a record next summer in our May Short-Term Energy Outlook (STEO). Despite a 2% increase in overall U.S. electricity demand this summer, we expect natural gas-fired electricity generation to be similar to last summer, primarily because of forecast increased generation from renewables. In the May STEO, we forecast natural gas consumed by the U.S. electric power sector will average 43.7 billion cubic feet per day (Bcf/d) during the summer (June–September), the same as in the summer of 2025, and 4% above the five-year summer average (2021–2025). We forecast natural gas consumption for power generation will increase 6% (2.4 Bcf/d) during the summer of 2027 to 46.1 Bcf/d, surpassing the previous record set in 2024 by 3%.
Read more... (source: www.eia.gov)

Ships Desert Hormuz amid Fresh US Strikes

28 May 2026, 1:46pm
Tensions spiked following a second round of U.S. strikes against Iranian military targets this week.
Read more... (source: www.rigzone.com)

SEFE to Book Its First LNG Supply from Canada

28 May 2026, 1:36pm
Ksi Lisims LNG signed a preliminary agreement to supply 1 million metric tons per annum of liquefied natural gas for up to 20 years to the German state-owned power and gas utility.
Read more... (source: www.rigzone.com)

Monumental Energy Raises $2.2MM in Share Offering

28 May 2026, 12:33pm
Part of the proceeds will fund additional oil and gas workover wells in New Zealand.
Read more... (source: www.rigzone.com)

Pembina Approves New NGL Extraction Plant Project

28 May 2026, 11:43am
The Calgary-based midstream company decided to proceed with a new straddle plant project to extract natural gas liquids through its existing rights on the Yellowhead Pipeline.
Read more... (source: www.rigzone.com)

NOG Enters Canada with Duvernay Acquisition from Parallax

28 May 2026, 10:55am
Minnesota-based Northern Oil and Gas signed a deal to buy a 25 percent stake in light-oil assets in the Duvernay shale from Parallax for an initial price of around $259 million, marking its entry into Canada.
Read more... (source: www.rigzone.com)

IEA Sees Oil Investments Dropping for 3rd Year

28 May 2026, 10:11am
Despite higher oil prices, spending on oil projects is set to drop below $500 billion in 2026, according to the International Energy Agency's annual World Energy Investment report.
Read more... (source: www.rigzone.com)

BP Chair Says He Was Fired Without Explanation

27 May 2026, 8:00pm
Former BP Plc Chairman Albert Manifold says he was fired without warning or explanation.
Read more... (source: www.rigzone.com)

Oil Settles Below $89 On Deal Hopes

27 May 2026, 7:51pm
Oil futures plunged as traders bet on a possible US-Iran peace deal.
Read more... (source: www.rigzone.com)

Strategists Predict Week on Week USA Crude Stock Drop

27 May 2026, 2:54pm
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be down for the week ending May 22.
Read more... (source: www.rigzone.com)

Hafnia Posts Higher Q1 Profit

27 May 2026, 2:02pm
'Looking ahead, the outlook remains highly uncertain and depends largely on the duration of the disruption to traffic through the Strait of Hormuz and the time required for oil production and global refinery operations to recover'.
Read more... (source: www.rigzone.com)

The United States is a major energy exporter and importer, especially for petroleum

27 May 2026, 2:00pm
Total energy exports from the United States reached a record 31 quadrillion British thermal units (quads) in 2025, 2% more than the previous record set in 2024. U.S. energy imports were 21 quads, down 5% from 2024. Taken together, net trade—total imports less total exports—reached 11 quads of net exports in 2025, a record and 20% more net exports than the previous record set in 2024.
Read more... (source: www.eia.gov)

Republican Hardliner Beats Incumbent Texas Oil Regulator in Runoff Vote

27 May 2026, 1:44pm
Bo French defeated incumbent Texas Railroad Commissioner Jim Wright in a runoff election for the GOP nomination to sit on the Lone Star State's chief oil regulator.
Read more... (source: www.rigzone.com)

Most planned natural gas pipeline capacity additions in 2026 and 2027 originate in Texas

26 May 2026, 2:00pm
Developers plan to bring approximately 44.9 billion cubic feet per day (Bcf/d) of new pipeline capacity online in the United States in 2026 and 2027, according to our latest Natural Gas Pipeline Projects Tracker. Approximately 70% (31.6 Bcf/d) of this new capacity is already under construction. More than 66% (29.7 Bcf/d) of the capacity additions originate in Texas. Louisiana is second with 19% (8.4 Bcf/d) of total capacity additions.
Read more... (source: www.eia.gov)