U.S. oil and gas activity continued to expand in the third quarter of 2026, with exploration and production companies reporting higher oil and natural gas output despite elevated costs and longer supplier delivery times, according to the Federal Reserve Bank of Dallas Energy Survey.
The U.S. ordered another release of oil from emergency reserves—and urged European nations to do likewise—as the Trump administration grapples with fuel prices that are surging less than two months before the midterm elections. The U.S. will offer up to 40 MMbbl from the Strategic Petroleum Reserve, according to a statement from the Department […]
INEOS is marking 10 years since the first shipment of U.S. shale ethane arrived at its Grangemouth complex in Scotland, establishing a supply route that has since delivered more than 400 cargoes of feedstock to the petrochemical site. The first purpose-built Dragon-class vessel, the JS INEOS Insight, arrived at Grangemouth on Sept. 28, 2016, […]
The U.S. House of Representatives has passed bipartisan legislation designed to improve access to Transportation Worker Identification Credential (TWIC) cards, a move the National Ocean Industries Association (NOIA) says could help address workforce needs in the maritime and offshore energy industries. H.R. 5109, known as the TWIC Efficiency (TWICE) Act, passed the House by […]
U.S. Steel has received the final air permit needed to advance construction of a $475 million quench-and-tempering facility in Alabama designed to expand tubular capacity for major U.S. oil and gas basins. The new facility at U.S. Steel’s Fairfield Tubular Operations will add in-house capacity for heat-treated tubular products used in oil and gas […]
Venezuela is deploying officials to a Group of 20 summit of energy chiefs in Texas this week, underscoring the rapid rapprochement between Washington and Caracas. The Venezuelan authorities are attending the G20 energy ministerial that started Monday in Houston at the invitation of the Trump administration, according to a White House official who asked […]
Shell Energy North America (SENA) has agreed to acquire 169 MW of natural gas-fired generation capacity in Pennsylvania while selling its interests in RISEC Holdings LLC to Constellation Energy Generation for $715 million. SENA will acquire 100% of Hunlock Creek Generating LLC, which owns two gas-fired power facilities in Pennsylvania: a 125-MW, two-unit combined-cycle plant and a 44-MW simple-cycle peaking plant. The acquisition […]
North American Blue Energy Partners (NABEP), the U.S. government-backed producer of Venezuelan oil, plans to more than double crude production in just over two years as it expands operations in the South American country. NABEP aims to increase production to 500,000 bpd by the end of 2028 from about 200,000 bpd currently, the company said in a […]
U.S. crude oil production is on track to reach a record average of 13.8 MMbpd in 2026, driven by continued Permian basin growth and rising output from new projects in the federal Gulf of America, according to the U.S. Energy Information Administration‘s latest Short-Term Energy Outlook (STEO). The forecast would surpass the previous annual record of 13.7 […]
Ranger Energy Services has agreed to acquire STEP Energy Services’ U.S. coiled tubing assets for approximately $27.5 million, a transaction that will position Ranger as the second-largest coiled tubing provider in the Lower 48. The acquisition includes 13 full coiled tubing spreads, related equipment and inventory, along with certain property and vehicle lease obligations. STEP’s U.S. coiled […]