Oil & Gas Newswire

Oil Price Today (August 11): Crude oil rises to $88 after Trump's compensation demand dents Hormuz opening. Here's why

Oil prices extended gains for a second straight session on Tuesday, following a more than 5% surge on Monday, as fading hopes of a US-Iran deal to end the war and reopen the Strait of Hormuz kept prices near their highest levels in more than a week. Brent …

Panetta, local officials prepare for next round of offshore oil and gas leasing proposals.

On Monday, Aug. 10, U.S. Rep. Jimmy Panetta, D-Carmel Valley, was joined by local officials, advocates and business leaders at the Monterey Bay Aquarium to reaffirm their opposition to the Trump Administration’s proposals to expand offshore oil and gas …

Decision time on new oil and gas for Burnham

PRIME Minister Andy Burnham faces a crunch decision on the future North Sea oil and gas, as the consultation on new licences to drill draw to a close. Labour came to office in 2024 with a manifesto pledge to block new oil and gas, but proposals to exploit …

County considers bigger oil and gas buffers for new homes

Adams County officials may require oil and gas operators to enact a 1,000-foot buffer between their pre-producing wells and new residential houses in the county. The county says those pre-production wells – which have been legally permitted – pose more …

What is happening with the Rosebank and Jackdaw oil and gas fields?

"The only way to protect workers, supply chain firms, and communities that are currently dependent on the oil and gas industry from this decline is to invest in renewables and other industries that have a long-term future," it says.

RSPG: Oil Supply Shock And Natural Gas Demand Make This Equal-Weight ETF A Buy

Invesco S&P 500 Equal Weight Energy ETF is rated Buy, offering balanced exposure across energy subsectors amid ongoing oil market disruptions. RSPG benefits from both long-term oil supply constraints and growing domestic natural gas demand, supporting …

AI will boost oil and gas production more than green energy, report finds

Emirati oil and gas company ADNOC has increased its tanker fleet by $1.3 billion

Trump administration denies plans for US oil export ban amid surging crude prices

Energy Secretary Chris Wright and Interior Secretary Doug Burgum reassured the oil industry after speculation that export restrictions could be used to tame prices that have spiked past $101 per barrel. For a few days last week, the American oil industry …

Burnham faces decision on controversial North Sea oil and gas fields

Prime minister Andy Burnham faces a key decision in whether to allow oil production in the North Sea to continue or keep to his party’s manifesto promise and end it.  The issue comes as the consultation period has ended on whether the Jackdaw gas field, …

WEBINAR: Mena Oil & Gas Projects Market 2026-27

Join MEED’s analysts for an exclusive update on the Mena oil, gas and petrochemicals projects market, investment trends and upcoming contract opportunities. 🌐 Webinar: Mena Oil & Gas Projects Market 2026-27  🗓 Thursday 27 August 2026 | 🕐 11:00 AM GST …

Beijing’s billion-barrel weapon: Why India must prepare for China-driven oil prices

Beijing increasingly controls the marginal barrel of demand - whether it is purchased, stored, released or withheld. For half a century, the global oil market has revolved around two centres of power. The Gulf, led by Saudi Arabia, controlled spare …

Global stocks mixed while oil prices jump on Hormuz

NEW YORK: Stock markets were little changed Monday (Aug 10), holding near record highs amid thin summer volumes, as investors awaited inflation data this week while mostly shrugging off the latest spike in oil prices. Iran issued a litany of conditions to …

Oil prices grow as Iran war uncertainty continues

Oil steadies near one-week highs as US-Iran peace deal hopes dim

Aug 11 : Oil prices steadied on Tuesday at more than one-week highs amid fading hopes of a deal between the U.S. and Iran to end their war and reopen the Strait of Hormuz, after President Donald Trump demanded compensation for damage the U.S. has incurred …

Mexico Won’t Frac All Their Basins, Yet They Keep Importing U.S. Gas

President Claudia Sheinbaum during a daily morning briefing in Mexico City. Getty Images Mexico consumes about 9 bcfd (billion cubic feet per day). Mexico imports 6.5 bcfd by pipeline from the U.S. This amounts to 75% of Mexico’s demand. Since the U.S. has …

Rupee falls 11 paise to close at 95.28 against U.S. dollar on firm crude oil prices

Representative image. | Photo Credit: Getty Images/iStockphoto The rupee declined by 11 paise to settle at 95.28 (provisional) against the U.S. dollar on Monday (August 10, 2026) amid a firm greenback and a rise in global crude oil prices. Lack of any …

Crude oil holds above $87 as US-Iran deal hopes, Hormuz reopening prospects fizzle

Crude oil prices rose more than 5% on Monday. Trump says US Navy controls the Strait of Hormuz. Oil, products exports through Hormuz fell to 3m bpd last week.  Oil prices steadied on Tuesday at more than ‌one-week highs amid fading hopes of a deal between …

Oil prices, stocks surge as Hormuz closure drags on

US petrol prices dropped nine cents last week but could again surge if the strait closure continues, analysts warn. Published On 10 Aug 202610 Aug 2026 Oil prices are surging as hopes dwindle that the Strait of Hormuz may reopen. The increase follows a dip …

Lloyd’s Register strengthens offshore energy capabilities with senior APAC appointment

LONDON, UNITED KINGDOM, August 11, 2026 /⁨EINPresswire.com⁩/ -- Lloyd's Register (LR) has appointed Wouter Pattynama as Executive Client Solutions Manager, Offshore, strengthening its offshore energy expertise and expanding support for clients across …

Harris County Jury Awards $61.5 Million in Watson Grinding Explosion Trial; Finds 3M 30% Responsible

Another Win against 3M for Community Members in the West Houston Residential Explosion HOUSTON, TX, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- HOUSTON, TEXAS — A Harris County jury today returned a $61,578,273.19 verdict for a randomly …

Roberto Smith Perera to Present a Strategic Blueprint of More Than US$2 Trillion Investment Opportunities for Venezuela

$2 Trillion Opportunity: Roberto Smith Perera to Unveil a Strategic Blueprint for Venezuela’s Reconstruction at the Venezuela Reawakening Summit 2026 HOUSTON, TX, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- Venezuela's economic …

California’s 2026 Building Energy Code & Refrigerant Mandates Reshape Commercial HVAC Planning Across Central Valley

New 2026 Title 24 energy codes & EPA refrigerant mandates are transforming commercial HVAC planning across Fresno and the San Joaquin Valley. FRESNO, CA, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- A confluence of updated Title 24 standards …

Remodeling Older King County Homes May Trigger Significant Code Compliance Upgrades During Permitted Projects

Planning a remodel in King County? Learn how older homes can trigger unexpected building code, structural, and energy upgrades during permitting. TUKWILA, WA, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- Homebuyers purchasing older …

Hollow Fiber Dialyzer Market Trends Support A 5.5% CAGR Outlook Through The Forecast Period

The Business Research Company’s Hollow Fiber Dialyzer Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035 LONDON, GREATER LONDON, UNITED KINGDOM, August 11, 2026 /⁨EINPresswire.com⁩/ -- The hollow fiber dialyzer market has …

PAYAPRESS to Demonstrate Busbar Processing Machines at FABTECH 2026

A pioneer busbar machine manufacturer will run cutting, punching and bending demonstrations in Las Vegas with U.S. representative International Technologies. CA, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- PAYAPRESS, a Dubai-based …

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

HOUSTON, TX, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by …

Gulf of America Alliance, 1PointFive partner to protect shoreline at popular Corpus Christi park using natural solutions

Gulf Star investment from 1PointFive will support a living shoreline at the Hans & Pat Suter Wildlife Refuge in Corpus Christi, TX OCEAN SPRINGS, MS, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- The Gulf of America Alliance is …

Network Rail and CATALYST Complete Exploratory Pilot of Satellite-Enabled Risk Insights on the Wessex Route

Pilot used Earth Observation, satellite analytics and weather forecasting to identify flooding and vegetation risks earlier, improving inspection and decisions. LONDON, UNITED KINGDOM, August 10, 2026 /⁨EINPresswire.com⁩/ -- Network Rail, the …

Wild Well Control Concludes Strategic Alliance with Oil Spill Response (OSRL)

HOUSTON, TX, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- Wild Well Control, Inc. ("Wild Well") today announced that it has provided formal notice to conclude its Strategic Alliance Agreement with Oil Spill Response (Capping) …

Nationwide Water Conservation Road Trip Arrives in Florida for Grand Finale

United By Nature and Local Partners Highlight Water Solutions while Calling for Action and Investments MIAMI, FL, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- United By Nature is concluding its cross-country campaign to protect America…

Never Give Up Day Launches Global Movement

This August 18, the world turns perseverance into action and walks for what matters. AUSTIN, TX, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- On August 18, a message recognized around the world will take a significant step forward as …

Puerto Rico Water Rationing Underscores Growing Importance of Water Risk as Marshall & Stevens Convenes National Forum

September 9 Virtual Forum to Explore How Water Scarcity Is Reshaping Agriculture, Infrastructure, Investment, Energy and Asset Values LOS ANGELES, CA, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- As hundreds of thousands of residents in …

WebtrixPro Launches 2026 AI Roadmap Framework to Help Businesses Stop Losing Budget to Failed AI Pilots

WebtrixPro's Technology Strategy Consulting team gives small & mid-sized businesses a 5 step, budget-gated framework for AI investment LOSANGELES, CA, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- The guide responds directly to a …

1LUX™ Makes Strategic Investment in Sourcery Platform to Accelerate Digital Transformation of Lighting Industry

Partnership pairs 1LUX's industry expertise with Sourcery's platform for discovering, curating and specifying lighting products DENVER, CO, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- 1LUX today announced a strategic investment …

Validity Diagnostics Introduces New SVT Technology to Detect Synthetic Urine Where Other Drug Testing Labs Fall Short

As Synthetic Urine Sales Approach $1 Billion Annually, Validity Diagnostics Showcases Patented Detection Technology at SOFT-TIAFT 2026 NEW YORK, NY, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- Validity Diagnostics (VDx) of Branford, FL …

GD Energy Products Wins Breach of Contract and Patent Infringement Lawsuit Against UTEX Industries

GD Energy announced that a jury in the U.S. District Court for the Western District of Texas has decided in its favor in a case against UTEX Industries, Inc. AUSTIN, TX, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- GD Energy Products …

Validity Diagnostics Second-Generation Reagents Detect Synthetic Urine And Adulterated Urines Submitted For Drug Testing

The Validity Diagnostics second-generation reagents (True Essentials Panel) is superior at detecting synthetic urine when submitted for urine drug testing. DALLAS, TX, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- Validity Diagnostics (VDx) of …

IHRDC Appoints IDM Industries as In-Country Representative for Mauritania

IHRDC partners with IDM Industries to bring competency management and training solutions to Mauritania's growing energy sector. BOSTON, MA, UNITED STATES, August 10, 2026 /⁨EINPresswire.com⁩/ -- IHRDC (International Human Resources Development …