The United States has solidified its position as Europe’s top crude oil supplier. According to Eurostat data highlighted in a recent analysis by commodity markets observer Jack Prandelli, the US accounted for 18.8% of the EU’s petroleum oil imports by value in the second quarter of 2026. That marked a rise from 15.1% in 2025 […]
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The likely first hurricane of 2026 is forecast to cross deepwater fields that pump about 15% of U.S. crude and reach the coast late Friday. The latest NHC track has shifted east toward Alabama and the Florida Panhandle, which lowers the odds for the Mississippi River refining corridor. It does not take Pascagoula, the Colonial […]
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Nigeria is positioning itself at the forefront of a global shift in oil and gas investment, targeting up to $50 billion in new offshore projects that could help diversify supplies away from the world’s most vulnerable maritime chokepoints. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has highlighted that new incentives for offshore oil and gas […]
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“The Tale of Two UK Oil Companies” could be the title of an old book, movie, or play. But sadly, it is a real-life story of how a once great country is imposing a self-imposed death spiral of deindustrialization and financial collapse. The very same death spiral the Blue / Net Zero crowd in the […]
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Alaska is experiencing a genuine renaissance in its oil and gas sector. After decades of declining production that saw output fall from a peak of nearly 2 million barrels per day two decades ago to below 600,000 barrels per day in recent years, the state is poised for a significant rebound. Record-breaking lease sales, major […]
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A viral post on X by Pascal Najadi (@JfkPascalNajadX) on May 19, 2026, has reignited discussion: “ MASSIVE DEVELOPMENT: At least 121 EMPTY OIL TANKERS are making their way to the United States of America right now. 68 of them can carry 2 MILLION BARRELS EACH. Holy smokes! We are the world’s gas station now! […]
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Shell is actively exploring the development of Venezuela’s offshore natural gas resources, with plans to route production through Trinidad and Tobago’s existing infrastructure for export as LNG. In a February 2026 earnings call and subsequent Bloomberg TV interview, Shell CEO Wael Sawan confirmed ongoing talks with Venezuela’s government to advance offshore gas projects, specifically targeting […]
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In a sharp rebuke of European and UK energy policies, British billionaire Sir Jim Ratcliffe, founder and chairman of global chemicals giant Ineos, has publicly slammed the continent’s “all over the place” approach to energy as a threat to economic growth, industrial competitiveness, and national security. At the same time, Ineos is doubling down on […]
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In a major move to supercharge its long-term production and solidify its position in North America’s premier shale plays, oil giant Shell plc has agreed to acquire Canadian energy company ARC Resources Ltd. for a total enterprise value of approximately $16.4 billion. The all-cash-and-shares deal marks one of the largest energy transactions in Canada this […]
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In a significant move signaling renewed foreign investment in Venezuela’s oil sector, Chevron has executed a strategic asset swap with Petróleos de Venezuela S.A. (PDVSA) and its subsidiaries. Announced on April 13, 2026, and signed in Caracas in the presence of interim President Delcy Rodríguez, the deal allows Chevron to sharpen its focus on high-value […]
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