Most Recent News
- Brent Closes Above $100 Amid Gulf Crisis March 12, 2026Oil surged as Gulf supply disruptions pushed Brent above $100 for the first time since 2022.
- USA to Release 172MM Barrels of Oil for IEA Relief Plan March 12, 2026The Trump administration plans to release 172 million barrels from the U.S. emergency oil reserve.
- USA Oil, Gas Hiring Remains Disciplined March 12, 2026U.S. oil and gas hiring 'remains disciplined, not aggressive', Brian Binke, the President and CEO of Michigan based the Birmingham Group, told Rigzone.
- USA Eyes Hormuz Escorts by April March 12, 2026The U.S. Navy could start escorting tankers through the Strait of Hormuz by the end of this month, Energy Secretary Chris Wright said.
- Average USA Gasoline Price Nears $3.6 Per Gallon March 12, 2026The average regular gasoline price in the U.S. is $3.598 per gallon as of March 12, according to the AAA Fuel Prices website.
- ExxonMobil Seeks to Move Legal Address to Texas March 12, 2026'We believe Texas legislators, judges and juries that are more familiar with our business are more likely to provide legal certainty'.
- Oman Evacuates Oil Port as Ships Hit in Gulf March 12, 2026Two crude tankers were hit in Iraqi waters and Oman's key oil export terminal was evacuated, as risks to global energy supply from the Middle East war deepened.
- Oil Market Shrugs Off 400MM Barrel IEA Reserve Release March 12, 2026'Threats to the energy structure in the Middle East have kept oil prices bid', Aaron Hill, Chief Market Analyst at FP Markets, said.
- Eni Signs Up for 15-Year Biomethane Supply from France March 12, 2026Eni's Plenitude and Seya Group's Methagora signed an agreement under which Italy's Eni will buy 50 gigawatt hours per year of biomethane over 15 years from Methagora's French production.
- Equinor Proves More Oil and Gas around Sleipner, Troll March 12, 2026Equinor discovered more oil, gas and condensate on Norway's side of the North Sea, with plans to extract the resources via existing infrastructure in the Sleipner and Troll areas.
Finance and Investing News
- EIB to Shell Out $87B in Clean Energy Financing over 3 Years March 12, 2026The European Commission adopted a new Clean Energy Investment Strategy under which the European Investment Bank is expected to roll out EUR 75 billion over the next three years.
- Uniper Proposes Resumption of Dividend Payments March 11, 2026'Our earnings base is now stable and normalized'.
- Wood Now Part of Sidara March 11, 2026The Aberdeen-based energy and industrial engineering and consulting company remains 'a standalone business while benefiting from Sidara's global scale and long-term owner-operator mindset', Sidara said.
- Repsol Focuses on US for Short-Term Upstream Growth March 11, 2026The Spanish energy company has allotted around 80 percent of its planned EUR 2.6-3 billion investment in upstream activities in 2026-28 to the U.S.
- Shell Sells Part of US Lubes Business to Monomoy for $1.3B March 10, 2026'By capitalizing on a strong market opportunity, this divestment allows us to monetize an asset that is not central to Shell's lubricants portfolio in the U.S. and reinvest in opportunities that generate higher returns'.
- Aramco Raises Dividend, Launches $3B Buyback March 10, 2026The increase in investor returns comes despite declines in net profit for the fourth quarter and full-year 2025 driven by lower crude oil prices, partly offset by higher crude sales volumes.
- Valero Offers $850MM Debt Instrument Sale March 9, 2026Part of proceeds from the offering of senior notes, due 2036 with a 5.15 percent interest, will be used to refinance existing debt.
- Petrobras Tops Estimates March 7, 2026Brazil's state-controlled oil producer Petrobras surpassed profit expectations after robust oil production and record exports helped cushion the impact of weaker crude prices.
- Vintage Secures Extension of Loan for Australian Gas Projects March 4, 2026'This facility amendment, like the drilling grant by the South Australian government, underscores expectations of the capacity for increased gas supply from Odin and Vali'.
- TotalEnergies to Farm Down German Battery Storage Portfolio March 4, 2026'In line with our business model, this transaction enables us to optimize our capital allocation in our integrated power activities and helps improve the sector's profitability'.
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