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Russia Daily Oil Production Almost 1MM Barrels Below OPEC+ Quota

12 August 2026, 8:00pm
Russia's crude-only production lagged behind its OPEC+ quota by almost a million barrels a day in July.
Read more... (source: www.rigzone.com)

USA Oil, Gas Workforce Hits Lowest Level in Years

12 August 2026, 3:06pm
The number of employees in the oil and gas extraction industry hit its lowest level so far in 2026, and the lowest level in years, data on the BLS website showed.
Read more... (source: www.rigzone.com)

Black Sea Oil Tanker Rates Surge to Record

12 August 2026, 2:14pm
Freight costs for oil tankers shipping crude from the Black Sea to the Mediterranean have risen to a record.
Read more... (source: www.rigzone.com)

United States on track for record natural gas production in 2026

12 August 2026, 2:00pm
We forecast U.S. marketed natural gas production will average 122.5 billion cubic feet per day (Bcf/d) in 2026, surpassing the previous record of 118.5 Bcf/d set in 2025, in our August 2026 Short-Term Energy Outlook (STEO).
Read more... (source: www.eia.gov)

How Much Oil Transited Through World's Chokepoints in 2Q?

12 August 2026, 11:40am
The U.S. Energy Information Administration revealed its latest estimations of the amount of oil going through the world's chokepoints.
Read more... (source: www.rigzone.com)

Phillips 66, Partners Sanction Texas to Arizona Oil Pipeline Project

12 August 2026, 11:36am
Stretching 1,300 miles, the Western Gateway project would 'create a new fuel supply path from St Louis, Missouri, and expanded Gulf Coast origin points to Arizona and California'.
Read more... (source: www.rigzone.com)

Sable Expects to Increase SYU Oil Sales to California Refiners from Q3

12 August 2026, 11:05am
The operator of the Santa Ynez Unit oil project in California expects refiners in the state to start buying more SYU crude oil and rely less on imports beginning next month.
Read more... (source: www.rigzone.com)

Venture Global Logs Nearly 50 Percent Revenue Increase

12 August 2026, 10:09am
That was thanks to LNG export volumes increasing 45 percent year-on-year to 478.3 trillion British thermal units.
Read more... (source: www.rigzone.com)

EU Says Power System Stable despite Extreme Weather

12 August 2026, 9:20am
'High solar generation has been very significant and helped ease pressure on electricity prices during the central hours of the day'.
Read more... (source: www.rigzone.com)

UKCS Production Drops, Efficiency Rises

12 August 2026, 9:10am
Although production efficiency in the UK Continental Shelf increased last year, total output fell in 2025, the NSTA revealed.
Read more... (source: www.rigzone.com)

UAE Offers to Shuttle Iraqi Oil through Hormuz

12 August 2026, 8:13am
Emirati state-owned company ADNOC is offering to shuttle exports of Iraqi oil through the Strait of Hormuz, using its dark-transit playbook to transport Basrah and other crude to refiners in Asia, according to people familiar with the matter.
Read more... (source: www.rigzone.com)

Oil Extends Gains on Hormuz Uncertainty

11 August 2026, 8:13pm
Oil climbed for a fourth session as traders remained skeptical that a deal would quickly restore Hormuz flows.
Read more... (source: www.rigzone.com)

A Dozen Ships Switch Oil Outside Hormuz

11 August 2026, 8:00pm
A key oil supply valve from the Middle East that involves shuttle transits through the Strait of Hormuz is continuing to function.
Read more... (source: www.rigzone.com)

North America Breaks Rig Addition Streak

11 August 2026, 2:48pm
North America dropped three rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Read more... (source: www.rigzone.com)

Trump Extends Narrowed Waiver of USA Jones Act

11 August 2026, 2:41pm
President Donald Trump has extended a waiver allowing foreign ships to transport oil and other commodities around the U.S. for 90 more days, albeit with new limits.
Read more... (source: www.rigzone.com)

Santos Starts Delivering Oil from Alaska Project

11 August 2026, 1:52pm
Santos loaded the first crude oil cargo from the Pikka development on Alaska's North Slope, headed to the West Coast for refining.
Read more... (source: www.rigzone.com)

Brazos to Grow Midland Gas Processing Capacity to 1.1 Bcfd

11 August 2026, 1:03pm
Brazos Midstream plans to build a cryogenic natural gas processing plant with a capacity of 300 million cubic feet a day in Glasscock County, Texas.
Read more... (source: www.rigzone.com)

NOAA Reveals Latest Atlantic Hurricane Season Prediction

11 August 2026, 12:00pm
The National Oceanic and Atmospheric Administration has revealed its latest prediction for the Atlantic hurricane season.
Read more... (source: www.rigzone.com)

CATL to Deliver 3 GWh Battery Supply for ContourGlobal Projects

11 August 2026, 11:39am
ContourGlobal awarded CATL a contract to deliver storage systems for battery projects in Chile, Greece and the United Kingdom with a combined capacity of three gigawatt hours.
Read more... (source: www.rigzone.com)

Uniper Plans to Build Data Centers at Its Power Sites

11 August 2026, 10:08am
The German power and gas utility has identified over 10 of its electricity generation sites that have suitable infrastructure to support co-located data centers.
Read more... (source: www.rigzone.com)

Why Are Oil Prices Rising?

11 August 2026, 9:56am
Several analysts take a look.
Read more... (source: www.rigzone.com)

Duration of power outages in Puerto Rico not caused by major events increased 19% in 2025

10 August 2026, 2:00pm
In 2025, customers in Puerto Rico experienced an average of 36 hours of power interruptions that were not caused by major events such as hurricanes, 19% more than in 2024. On average, between 2021 and 2025, Puerto Rican customers experience 29 hours of power loss each year. By comparison, electricity customers in the mainland United States generally experience about two hours of electricity interruptions per year without major events.
Read more... (source: www.eia.gov)

Battery storage capacity averaged 70% growth over the last three years

7 August 2026, 2:00pm
Utility-scale battery storage capacity in the United States increased significantly during the last three years, with an annual average growth rate of 70%. By the end of 2025, the U.S. power system had operational battery storage capacity of 43.6 gigawatts (GW). During the first six months of 2026, operators added another 8.3 GW of battery storage capacity, reaching nearly 52 GW of nameplate battery storage capacity, based on our latest Preliminary Monthly Electric Generator Inventory.
Read more... (source: www.eia.gov)