Home | Oil & Gas Journal Skip to main content Covering the operations of the oil and gas industry General Interest Refining & Processing Drilling & Production Exploration & Development Pipelines & Transportation Sections General Interest Refining & Processing Drilling & Production Exploration & Development Pipelines & Transportation LNG Energy Transition Industry Statistics Members Only Special Webcasts White Papers Podcast Magazine Surveys Research Events Submit an Article Iran war Contact About Us Subscribe Newsletters Advertise Contact Us Privacy Policy Terms & Conditions Affiliated Brands OFFSHORE ENERGYTECH MICROGRID KNOWLEDGE OGJ RESEARCH Follow us on http://www.facebook.com/ogjonline https://www.linkedin.com/company/oil-&-gas-journal http://twitter.com/ogjonline 327002273 © Juan Alejandro Bernal | Dreamstime.com Discoveries  |  Aug. 17, 2026 Chevron adds Angola discovery amid Sub-Saharan Africa drilling push The discovery is one part of a wider program to build a pipeline of development opportunities across Sub-Saharan Africa. Continue Source: IEA Economics & Markets  |  Aug. 17, 2026 IEA: Emergency reserve withdrawals slow More than 100 million bbl of 400-million bbl in emergency oil stocks remain unused, with future releases contingent on market developments and supply security considerations. Continue Photo from APA Corp. Companies  |  Aug. 13, 2026 APA efficiencies lead to lift in Permian production forecast The company’s 2026 capital budget in the basin remains at $1.3 billion. Continue US Marine Minerals Administration Government  |  Aug. 12, 2026 US Gulf lease sale generates $82.7 million, 76% higher than March sale The most recent Gulf of Mexico lease sale brought in 69 bids submitted for 59 blocks, with Chevron, Anadarko, and Arena Energy emerging as winners. Continue 25158213 © Jan Zahradka | Dreamstime.com Pipelines Devon takes FID on 4.5-bcfd Permian pipeline Source: Japan Petroleum Exploration Co. Ltd. Energy Transition JAPEX begins drilling second well for Tomakomai CCS Project Video still from Sentinel Midstream LLC Government Federal court voids Texas GulfLink license over agency’s ‘serious procedural errors’ Photo from bp plc. Drilling & Production bp lets Shah Deniz compression automation contract Trending eLNG liquefaction gaining momentum as next-gen development option OGJ100 earnings diverge in 2025 as lower prices meet FX swings, strong output Resilience-based LNG piping design boosts project NPV Members Only View More Members Only Offshore environments present unique security risks Aug. 5, 2026 Members Only Magnolia expands Giddings position with $4-billion WildFire Energy acquisition July 21, 2026 Members Only Aker BP increases project cost estimates to protect 2027 startups July 15, 2026 For access to exclusive articles, insights and more! Sign Up Now Sign up for our eNewsletters Get the latest news and updates Sign Up Learning Resources Sponsored Transforming Flow Measurement Assurance in Remote Oil & Gas Operations Ensure accurate measurement and save time and money on remote verification and diagnostics with Smartmaster Aug. 11, 2026 White Papers Transform Capital Project Delivery Across the Full Asset Lifecycle With capital project overruns nearing $1.2B and delays stretching up to two years, this brief shows how a data-centric, lifecycle-driven approach can unify execution, eliminate... Aug. 10, 2026 White Papers Transforming Capital Project Execution in Energy & Utilities An integrated, data-driven approach to energy and utilities program execution helps organizations cut costs, reduce risk, and gain full visibility—turning complex capital projects... Aug. 10, 2026 White Papers Take Control of Capital Project Planning and Execution With capital projects facing up to 79% cost overruns and persistent delays, this brief reveals how a modern, integrated approach can replace fragmented execution with data-driven... Aug. 10, 2026 Oil & Gas Journal ReEnterprised View More General Interest View More 98979978 © Marko Bukorovic | Dreamstime.com General Interest bp awarded Loran Phase 2 license offshore Venezuela The operator will collaborate with XRG and UCC Oil, with each company holding a 33.3% interest for the second phase development of Loran gas field offshore Venezuela. Aug. 14, 2026 US Energy Information Administration Economics & Markets EIA raises third-quarter Brent forecast to $85/bbl on Strait of Hormuz disruptions The US Energy Information Administration increased its forecast for global oil prices due to ongoing disruptions through the Strait of Hormuz, with Brent crude expected to average... Aug. 13, 2026 General Interest EIA: US crude inventories up 17.4 million bbl At 424.4 million bbl, US crude oil inventories are about 2% below the 5-year average for this time of year, the US Energy Information Administration said. Aug. 12, 2026 187813688 © Khwaneigq | Dreamstime.com Economics & Markets IEA revises down 2026 oil demand forecast The International Energy Agency cut its 2026 global oil demand outlook and warned that oil supply risks remain elevated amid disruptions to Gulf exports. Aug. 12, 2026 Refining & Processing View More 46993159 © Prakobphoto | Dreamstime.com Refining & Processing Opinion Poll: Refiners navigating market volatility Oil and gas refiners are contending with a volatile market. Where do you see refiners focusing efforts to navigate uncertainty? July 27, 2026 Source: Irving Oil Ltd. Refining & Processing Irving Oil schedules 2-month turnaround for Saint John refinery The routine maintenance event will run from early September through mid-November, 2026. July 20, 2026 Source: OXEA Corp. Petrochemicals OXEA advances expansion of Bay City chemical complex The major chemicals expansion at Bay City aims to increase production capacities of key intermediates such as propanol and butanol used by the plastics and pharmaceutical industries... July 20, 2026 Source: Citgo Petroleum Corp. Refining & Processing Stronger margins, project completions support Citgo’s quarterly earnings The company benefited from high refinery utilization and strategic maintenance, with revised capital plans and an optimistic full-year outlook projecting EBITDA of $5.8 billion... Aug. 13, 2026 Drilling & Production View More Photo from ConocoPhillips. Production Operations ConocoPhillips Alaska’s Coyote 3SX project achieves first oil First oil at the project follows ConocoPhillips' broader Alaska strategy of developing satellite projects around existing North Slope infrastructure. Aug. 13, 2026 Photo from Island Offshore. Drilling & Production Equinor lets stimulation service contract for NCS assets Equinor has signed a multi-year agreement with SLB to upgrade the MV Island Captain vessel, transforming it into a fully proppant-capable stimulation platform to support offshore... Aug. 7, 2026 240930 © Jim Parkin | Dreamstime.com Drilling & Production Canada rig count down 3 units The total rig count in North America was 804 for the week ended Aug. 7, 2026. Aug. 7, 2026 Photo from Permian Resources Corp. Companies Permian Resources lifts forecast on working interest gains, acquisitions The company recently wrapped deals comprising more than 26,000 acres in Ward and Eddy counties. Oil production is expected to surpass 200,000 b/d this quarter and next. Aug. 7, 2026 Exploration & Development View More Map from Karoon Energy. Exploration & Development LLOG sanctions Gulf of Mexico Who Dat East development The development will complete a 2024 discovery well with oil and gas production processed through existing infrastructure. Aug. 12, 2026 2682449 © Elultimodeseo | Dreamstime.com Exploration & Development Vista seeks RIGI approval for $5.8 billion Bandurria Norte development Vista Energy aims to include its $5.8-billion Bandurria Norte shale project in Argentina's Large Investment Incentive Regime, targeting 50,000 boe/d to support its broader 2030... July 28, 2026 Map from TotalEnergies Exploration & Development Eni takes FID on Cronos, Cyprus' first gas development project Eni has made a final investment decision to develop the Cronos project in Cyprus, aiming to bring Cypriot gas to market by 2028, with a production plateau of 500 MMcfd from estimated... July 28, 2026 Photo from INA. Discoveries INA discovers gas in northern Adriatic Industrija Nafte DD made a gas discovery in the first of a five-well drilling campaign offshore Croatia. Initial testing indicates production potential and confirms offshore reserves... July 24, 2026 Pipelines & Transportation View More Phillips 66 investor presentation, August 2026. Pipelines Phillips 66, Kinder Morgan, HF Sinclair sanction Western Gateway pipeline The project "brings together strategic supply access, existing infrastructure and experienced operators to improve affordability and assurance of supply for customers in the Western... Aug. 12, 2026 Photo from Venture Global August 2026 investor presentation Companies Venture Global sees shift coming in ratio of capex to cash flows Executives have substantially raised their forecast for liquefaction fees and are looking to sign more shorter-term contracts. Aug. 11, 2026 California Resources Corp. 2Q26 earnings presentation. Companies CRC to acquire Crimson Midstream’s California pipeline platform California Resources Corp. is adding 2,000 miles of pipeline infrastructure and increasing transportation capacity to strengthen its California energy operations and market reach... Aug. 10, 2026 Photo from Orlen SA Refining & Processing Orlen launches transshipment hub at Gdańsk refinery The new marine terminal at Gdańsk aims to streamline direct delivery of products to and from the refinery, minimizing the Gdańsk complex's dependence on road, rail, and external... Aug. 6, 2026 Oil & Gas Journal starts where other industry publications stop. It delivers more than information; it delivers context, adding details the others leave out and combining them with analysis, commentary, industry trends, and statistics. Newsletters The top stories, industry insights and relevant research, assembled by our editors and delivered to your inbox. 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