Check out the latest oil industry related news

10-11-2026: Diamondback, KKR to jointly own entirety of Midland basin water network Deep Blue Diamondback's CEO said the acquisition supports water infrastructure expansion and potential diversification into industrial and technology-driven applications beyond oil and gas in the Permian basin.

10-11-2026: Oil falls below $90 amid easing US-Iran tensions US President Donald Trump said further near-term strikes on Iran were unlikely, easing immediate concerns about supply disruptions.

10-11-2026: Market Focus: Balancing AI opportunities and risks in upstream operations As AI takes on a bigger role in upstream oil and gas operations, how can companies capture its benefits while managing emerging risks? Robert Plumb of CAC discusses the importance of oversight, risk management, and insurance considerations as AI becomes increasingly embedded in operational decisions.

09-11-2026: Bayou Midstream II closes deal for Bakken gas gathering assets AGS owns and operates natural gas gathering, compression, and processing assets in Williams, Burke, and Mountrail Counties, ND.

05-11-2026: US sanctions network supporting Iranian oil shipments The action blocks designated parties’ US-held assets and restricts US transactions, but its effect on Iranian oil exports is unclear.

05-11-2026: Matador eyes 5%+ production growth next year Recent acquisitions helped third-quarter production top expectations and leaders are eager to get to work on recently leased federal acres.

05-11-2026: SLB’s Juan Rincon on closing the loop between stimulation and productivity As mature fields demand more intervention just to hold production, and Tier 1 shale acreage runs thin, SLB's stimulation product manager says the industry's next edge comes from smarter chemistry, digital technologies, and AI-powered real-time monitoring to close the loop between design and results.

04-11-2026: JPMorgan sees global oil market return to surplus JPMorgan said the global oil market returned to surplus in September as Middle East exports recovered and demand softened, diverging from the IEA's forecast for continued deficits through yearend.

04-11-2026: Can environmental programs drive market preference for Marcellus gas? How defensible environmental data helps operators turn production growth into commercial advantage.  

04-11-2026: High-temperature solid-state batteries: Building reliable power systems for next-generation downhole tools Hotter wells, longer deployments and tighter HSE expectations are exposing the limits of primary lithium cells. Maxell makes the case for rechargeable solid-state batteries integrated into intelligent downhole power systems. 

04-11-2026: Adapted oilfield technologies advance the next generation of geothermal drilling NOV highlights how drilling technologies that were developed for challenging oil and gas wells helped Fervo drill one of the hottest geothermal wells to date.  

04-11-2026: Oil, gas and ESG: Finding the middle ground that actually works Oil and gas companies face scrutiny over emissions and community impact. ESG and profitability do not necessarily have to be mutually exclusive. This article exemplifies practical means by which the upstream sector can reduce risk and improve credibility, all while continuing to meet energy demand and building a durable value.  

03-11-2026: ADNOC’s XRG expands into Australian LNG in $1.45-billion deal with Shell ADNOC’s international investment arm said the deal extends its LNG supply reach into Asia-Pacific.

03-11-2026: USGS estimates 96 tcf of undiscovered natural gas resources on Alaska North Slope The US Geological Survey estimates are nearly three times the region’s roughly 35 tcf of proven reserves.

03-11-2026: CVR Energy to acquire Midcontinent refineries from Marathon Petroleum in $4.2-billion deal The acquisition is expected to increase CVR Energy’s crude throughput capacity to about 384,000 b/d and generate about $70 million in annual run-rate synergies.

02-11-2026: Beyond diesel: How Canadian completions are evolving As completion methods evolve to meet modern demands, technology diversification serves as the most effective framework to preserve reliability, promote maximum uptime and protect long-term operator profitability. 

02-11-2026: Beyond drilling performance: Integrating well delivery from plan to production Integration is about project management: identifying the success factors for the entire project and taking end-to-end ownership of well outcomes rather than managing individual phases in isolation. This approach aligns customers and service providers around shared objectives. 

30-10-2026: TotalEnergies farms out partial interest in block offshore Nigeria ahead of appraisal The farmout "paves the way for a quick appraisal campaign and subsequent development of Egina South in the success case,” said Mike Sangster, SVP Africa exploration and production, TotalEnergies.

30-10-2026: Valero to acquire former LyondellBasell Houston oil refinery, restart 165,000 b/d by end-2027 In addition to light sweet crude oil processing, CEO Lane Riggs said the site could support future investment in heavy sour crude processing.

29-10-2026: Shell's third-quarter earnings rise on record refining margins, stronger gas results Higher refining margins, improved realized LNG prices, and increased gas production supported the results despite continued disruptions to Middle Eastern energy supplies.

29-10-2026: REGIONAL REPORT: MIDDLE EAST Twelve months that broke the model: The Middle East hydrocarbons industry looks back--and ahead, warily.

29-10-2026: First Oil: Our awards event for technical excellence reaches new highs Nearly 450 industry leaders gathered in Houston for this year’s Gulf Energy Excellence Awards, which drew a record 560 nominations across 44 categories. World Oil editor-in-chief Kurt Abraham recaps the night, and why AI swept the digital transformation honors.

28-10-2026: Eni lets drilling contracts for work offshore Cyprus, Ghana Eni awarded Saipem two offshore drilling contracts worth a combined $121 million.

28-10-2026: EIA: US crude oil inventories down 1.9 million bbl At 410.6 million bbl, US crude oil inventories are 4% below the 5-year average for this time of year, the EIA report indicated.

28-10-2026: Equinor nearly doubles third-quarter earnings on higher commodity prices, production gains "High production in the third quarter enabled us to capture additional value from higher prices," said Anders Opedal, Equinor's president and chief executive officer.

28-10-2026: Chevron adds operated Gulf of Mexico positions in interest swap with TotalEnergies The combined portfolio provides access to multiple exploration plays and prospects, complementing TotalEnergies' existing interests in the producing Ballymore, Anchor, Jack, and Tahiti assets, TotalEnergies said.

27-10-2026: Neuquén awards eight blocks to expand Vaca Muerta exploration Combined, the winning bids represent $230.1 million in exploration investment and $180.7 million in access bonuses.

27-10-2026: Howard Energy Partners expands Anadarko position with Iron Horse Midstream acquisition Following this deal and combined with deals over the past 2 years, HEP’s footprint in Oklahoma will include nearly 2,000 miles of pipelines with about 2 bcfd of capacity, 580 MMcfd of natural gas processing capacity, and 540,000 compression horsepower.

27-10-2026: Timor GAP to acquire Woodside stake in Greater Sunrise project Timor GAP president and CEO Rui Soares said the country is "in a stronger position...to expedite the development of Greater Sunrise and advance the selection of the Timor LNG development concept."

27-10-2026: Insights: What agentic AI means for the future of oil and gas operations ABB’s Gino Hernandez discusses how agentic AI could coordinate oil and gas workflows—and what it takes to deploy it safely.

26-10-2026: EQT plans to buy Range and create gas giant with 9+ bcfed of production Executives say the proposed union will lower EQT’s breakeven price to below $2/MMbtu and set them up to better capitalize on regional demand growth.

26-10-2026: Ovintiv adds to Montney position with $890-million deal for Logan Energy The acquisition adds about 20,000 boe/d, 266,000 net acres, and more than 400 drilling locations, and is expected to generate $60 million/year in synergies, Ovintiv said.

26-10-2026: Oil eases on diplomacy hopes; European gas rises on winter supply concerns Crude oil prices eased amid hopes for regional diplomacy in the Middle East, but Europe’s tightening winter gas outlook sent Dutch TTF prices to their highest level since December 2022.

23-10-2026: Equinor lets Wisting FPSO topsides FEED contract to Aibel “We are at an early stage in the development of Wisting, and considerable work remains to develop a project that is profitable and feasible,” said Trond Bokn, Equinor's senior vice-president for project development.

23-10-2026: INGAA appoints Chris Schindler as 2026-2027 chair Schindler serves as executive vice-president, general counsel, corporate secretary, and chief compliance officer of Southern Star Central Gas Pipeline.

22-10-2026: GeoPark awarded Corralera Noreste block in Vaca Muerta bid round Under the terms of the award, GeoPark has committed to a work program during the initial 4-year exploration period that includes drilling and fracturing two horizontal wells, each with a 2,000-m lateral and 30 fracture stages.

22-10-2026: Valero wraps St. Charles FCC project, reports record earnings Valero's confirmation of its completion and startup of the $230 million FCC unit upgrade at its St. Charles refinery came alongside the operator's reporting of record earnings for third-quarter 2026.

22-10-2026: Tight product supplies lift US summer refinery utilization to highest level since 1998 Despite elevated utilization, total US refinery output reached only its highest level since 2019. US refining capacity has declined 4% since then, limiting the output gains available from higher operating rates.

21-10-2026: Adura gets NSTA consent to develop Jackdaw North Sea gas field The new approval clears the way for Jackdaw to start supplying gas to British homes, power stations, and businesses within weeks, according to Adura, substantially all of the project’s physical infrastructure already having been completed.

21-10-2026: Saturn Oil & Gas adds light, oil-weighted assets of Corex Resources The company said the transaction adds 323 gross (279 net) identified drilling locations, including booked and unbooked development opportunities, as well as potential open-hole multilateral targets.

20-10-2026: bp signs MoU with TechnipFMC for subsea production systems earmarked for Paleogene projects bp expects to invest around $10 billion to deliver its US Gulf of Mexico Paleogene projects.

15-10-2026: The handover opportunity: What decides whether energy investment performs The power sector is investing at record levels. The lesson holds for any energy operator: building the asset is the visible half. Getting it to run through every handover in its lifecycle decides whether the investment performs.

13-10-2026: Insights: US shale maturity and the future of North American supply In this episode, Dane Gregoris details why Enverus expects US production to remain relatively stable over the next decade, what rising marginal supply costs could mean for markets, and how the North American energy landscape may evolve as the industry's most productive shale resources mature.

13-10-2026: US EPA plans further rollback of oil, gas methane rules The EPA is set to propose significant revisions to methane regulations, including eliminating programs targeting large releases and easing restrictions on wells and flaring, aiming to reduce industry costs by $45 billion.

13-10-2026: Interior streamlines Arctic NEPA reviews, outlines upcoming offshore and onshore lease sales The department's initiatives involve reducing regulatory hurdles for exploration projects, offering millions of acres for leasing, and planning multiple sales through 2027.

07-10-2026: EIA: US crude oil inventories down 3.2 million bbl At 424.1 million bbl, US crude oil inventories are 1% above the 5-year average for this time of year, the Energy Information Administration report indicated.

07-10-2026: Chevron restructures Bakken midstream agreements, transfers Hess Midstream stake Executives said the restructuring will lower Chevron's Bakken cost structure while positioning Hess Midstream as an independent multibasin operator.

07-10-2026: Engineering better integrity decisions for aging oil and gas assets As oil and gas assets operate beyond their original design lives, inspection data alone may not determine the most effective integrity strategy. Two field applications demonstrate how engineering assessment can guide repair, materials selection and corrosion protection while balancing long-term reliability with increasingly constrained turnaround schedules. 

06-10-2026: Energy Transfer expands Delaware basin footprint with $2.625 billion deal Vaquero owns a 300-mile pipeline network and a natural gas processing complex with 675 MMcfd capacity in the Texas Permian's southern Delaware basin, with acreage to expand total capacity to 1.2 bcfd.

05-10-2026: Chevron names new CFO amid leadership changes Chevron's leadership updates include new roles for Gustavson, Bonner, Nelson, and Gros.

05-10-2026: Chandler to succeed Harbison as Phillips 66 EVP, refining Phillips 66 has appointed Chris Chandler as a strategic advisor to the CEO, paving the way for his role as EVP of refining starting Jan. 1, 2027, succeeding retiring EVP Rich Harbison.

02-10-2026: YPF, Eni, XRG target November FID for Argentina LNG Argentina's LNG development, involving YPF, Eni, and XRG, is poised for a final investment decision next month.

02-10-2026: Trump cites $54 billion South Korean plan for Alaska LNG South Korea may invest in the long-delayed Alaska LNG project, contingent on feasibility reviews, as part of a broader US energy investment initiative.

01-10-2026: Beyond diving: Divetech’s hybrid access capability expands the future of offshore inspection As the industry continues to evolve, access will become more than a logistical challenge. It will become a strategic enabler of safer, smarter and more efficient asset management. 

01-10-2026: MacGregor LCO₂ Bow Transfer System builds case to connect shore-based carbon capture to seabed storage Maintaining an uninterrupted supply chain is critical to developing opportunities in carbon capture and storage. Proven shipboard technology has been adapted as a pioneering liquefied CO2 Bow Transfer System (BTS) that eliminates expensive onshore storage and conditioning facilities.  

01-10-2026: Can environmental programs keep pace with production in the Permian basin? Learn how leading operators are building connected, defensible programs that scale with today’s operations and tomorrow’s opportunities 

01-10-2026: What the North Sea taught us about working wells globally Unity Well CEO Gary Smart examines how decades of managing complex, late-life North Sea wells have built technical expertise that can be applied to well integrity and intervention challenges in mature basins worldwide.

01-10-2026: Matador outlines drilling plans with Paloma acquisition now closed Through the Paloma acquisition and the expected acreage additions from the recently announced Ridge Runner Resources deal, Matador Resources will have about 240,000 net acres in the core of the Delaware basin in fourth-quarter 2026. Together with the May Federal lease sale, the deals increase the operator's net acreage position by almost 20% above its October 2025 position, the CEO said.

29-09-2026: Insights: Prioritizing process safety management across the refining industry (Pt. II) In this second part of a two-part conversation, Joe Barnes shares key priorities for leaders to strengthen process safety, including management practices, audits, training, and leadership visibility.

29-09-2026: Unlocking squeeze treatments for complex scaling species in offshore deepwater wells Field trials in two U.S. Gulf deepwater wells evaluated nanoparticle-enabled phosphonate and polymer scale inhibitors designed to improve adsorption and extend treatment life. Both chemistries exceeded conventional squeeze performance, with longer protection periods and fewer required interventions without measurable formation damage or production loss. 

29-09-2026: From data to discovery: AI-assisted identification of missed-pay opportunities Mature basins can contain overlooked hydrocarbons where prospectivity indicators are scattered across wells, seismic surveys and historical interpretations. As operators manage decades of legacy data, AI may help extract more value, since it can be impractical for geoscientists to evaluate such broad datasets through traditional workflows. The following Norwegian Continental Shelf demonstration and Byrding case study show how an integrated, AI-assisted workflow can connect these fragmented datasets, identify potential missed-pay intervals, and support geological validation. 

29-09-2026: Standard Oil breakup: How 1911 reshaped U.S. energy forever The 1911 Standard Oil breakup created today's oil supermajors. Learn how the ruling reshaped competition, innovation, and the modern U.S. energy landscape. 

29-09-2026: Plains names Liollio to succeed Chandler as EVP, COO Dean Liollio will take over as COO of Plains on Oct. 2.

25-09-2026: From automation to autonomy: Building the next oil and gas operating model Oil and gas operators are moving beyond conventional automation toward systems that can interpret changing conditions and respond within defined operating limits. Advances in AI, predictive control, edge computing and robotics are enabling targeted autonomous applications that can improve production, asset reliability and safety while reducing manual intervention. 

25-09-2026: How the ExaCT system is redefining well intervention Well interventions have always carried an element of uncertainty, from depth correlation to placement accuracy. SLB's ExaCT™ electrical downhole CT control system aims to close that gap by extending electrical control and real-time measurement to downhole tools.  

25-09-2026: The missing measure of energy security For decades, energy policy has centered on what the world produces today. The harder, more useful question regards what the industry is prepared to produce tomorrow. The next crisis will turn on who can replace what is lost, and how quickly.  

25-09-2026: First Oil: ONS registers a strong performance, as offshore market thrives World Oil editor-in-chief Kurt Abraham reflects on a strong ONS 2026 as offshore activity continues to outperform, while examining warnings that the UK risks losing North Sea jobs and investment before new energy industries are ready to replace them.

25-09-2026: A volatile week for crude ends with lower prices Saudi Arabia reported that flows in their East-West pipeline have resumed. However, Houthi rebels continue their strikes against Saudi Arabia which now includes attacks near Riyadh.

18-09-2026: Oil prices slip on technicals and easing of supply Tanker tracker Kpler estimated that about 10 million b/d did make it through the strait this past week but that is still down from the 17-20 million b/d pre-war level.

18-09-2026: Editorial: Let’s make a deal A deal between the US and Venezuela involves a 100-year concession for developing Venezuelan oil fields, but questions about its legality, Venezuela's constitutional constraints, and political stability cast doubt on its long-term viability.

18-09-2026: Petrobras lets composite pipe contract for Brazilian post-salt cluster Petrobras has contracted Strohm BV and its subsidiary Strohm Brasil to supply thermoplastic composite pipes for offshore water injection and gas lift at depths up to 1,500 m.

17-09-2026: BKV completes Barnett shale asset acquisition The deal includes over 65,000 MMcfd equivalent production, about 1,000 gross operated wells, and an operated CCS project.

16-09-2026: EPA repeals power plant GHG rules, clearing path for new gas-fired generation The rollback of federal greenhouse-gas standards by the EPA is set to accelerate natural gas power plant development, driven by surging electricity consumption.

16-09-2026: EIA: US crude inventories down 600,000 bbl At 423.4 million bbl, US crude oil inventories are 1% above the 5-year average for this time of year, the EIA report indicated.

15-09-2026: US freezes Citgo board to protect pending $5.9-billion acquisition The US Treasury amended sanctions to prevent unauthorized changes at Citgo and its parent companies.