President Donald Trump has suggested the United States may try to take over Iran’s oil the way it did with Venezuela’s, per a Financial Times interview.
Higher oil prices driven up by the conflict in the Middle East stand to push some of America’s biggest shale producers to start adding drilling rigs in the second half of this year and more than 100,000 bpd of increased output by 2027, according to Citigroup Inc.
The United Arab Emirates is ramping up crude exports from Fujairah as operators restore loading capacity following Iranian drone strikes, using the port as a key outlet to bypass the Strait of Hormuz.
INPEX and Formentera Partners have formed a joint venture to accelerate development of shale gas resources in Australia’s Beetaloo basin, marking a step forward in efforts to scale domestic supply and support future LNG exports.
Equinor has started drilling operations for the Raia development in Brazil’s Campos basin, marking a key step forward for one of the country’s largest offshore natural gas projects.
During the third day of CERAWeek by S&P Global 2026, Devon Energy President & CEO Clay Gaspar engaged in a wide-ranging conversation with Raoul LeBlanc, Vice President for Upstream at S&P Global. They touched on his first year in his current position, his operating philosophy, the impact of the recently announced merger with Coterra Energy, and the potential impact of AI.
Iran has said that United States and Israeli strikes hit its South Pars natural gas field and associated infrastructure, Bloomberg reported on Wednesday.
The analysis will evaluate the potential impacts of well stimulation treatments including hydraulic fracturing, as part of drilling activities.
Oil prices climbed sharply in early Asian trading on Thursday as the Middle East conflict continued to escalate and energy infrastructure was targeted across the Gulf.
The U.S.-Israeli war against Iran poses a fresh threat to Ghana’s inflation outlook through higher oil prices and tighter global financial conditions, even as the same geopolitical uncertainty is pushing up gold prices, the Bank of Ghana Governor said on Monday.