The United Arab Emirates' withdrawal from OPEC, effective 1 May 2026, represents the most significant fracture in the organization's 66-year history and increases the risk of oversupply weakening prices, according to analysis published today by Wood Mackenzie.
The project, led by Geolander, will support a major oil and gas operator’s carbon capture and storage (CCS) ambitions by improving understanding of subsurface conditions and storage potential.
The Middle East conflict disrupted 80 million tpy of Gulf LNG exports, yet power markets absorbed the shock through fuel diversification.
Urgent action to ensure oil and gas companies meet their legal obligations to safely remove ageing oil and gas infrastructure from the North Sea could create up to 25 000 UK jobs and deliver up to £15 billion in economic benefit to the UK, a new first-of-its-kind report shows.
The world's 30 largest exploration and production companies face production declines averaging nearly 40% between 2025 and 2040.
Reuters reports that Trump signed memorandums on coal supply chains, domestic petroleum production, natural gas transmission and liquefied natural gas capacity.
The 2026 Iran war and the disruption to LNG flows through the Strait of Hormuz have increased global gas price volatility, which has fed directly into European power markets.
European gas prices fell to near seven-week lows on the afternoon of Friday 17th April 2026, on news the Strait of Hormuz would be fully open to commercial shipping, but traders and analysts remained cautious, according to Montel.
Middle East conflict has elevated strategic energy security priorities as countries seek supply diversification, international shale exploration can play a key role in meeting those goals, according to new research from Wood Mackenzie, titled “A hydrocarbon copy: the upstream industry’s return to international shale exploration”.
DNV, the independent energy expert and assurance provider, in collaboration with the international energy company Equinor, has introduced a new incident taxonomy that helps organisations improve how they classify, understand, and learn from incidents.
Partnership with NOC subsidiary brings in-country maintenance and repair for critical oil and gas and power assets.
North American crude replaces Middle East flows as Europe faces structural diesel deficit while exporting gasoline surplus eastward.
Wood Mackenzie report that prolonged disruption to Middle East energy supplies could accelerate a structural shift in global energy systems, halving oil and gas import dependence by 2050 and reducing oil demand by 20% and gas demand by 10% relative to the base case.
The European bellwether front-month gas contract on the Dutch TTF hub initially dropped to EUR 42.50/MWh on Ice Endex this morning, its lowest since 2 March, before recovering slightly to EUR 43.46/MWh, at the time of writing.
Rebuilding asset visibility from the component level up, by Rajaram Madhavan, SLB.