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Houthi Threat Squeezes Options for Oil Shippers https://www.rigzone.com/news/wire/houthi_threat_squeezes_options_for_oil_shippers-22-jul-2026-184182-article/?rss=true Ships continue to turn away from the Red Sea's southern end, after Houthi rebels announced an embargo on Saudi exports through the Bab el-Mandeb Strait, which has become a lifeline for oil exports since the start of the U.S.-Israeli war with Iran.

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Beetaloo Pilot Project to Start Gas Sales in Q3, Tamboran Says https://www.rigzone.com/news/beetaloo_pilot_project_to_start_gas_sales_in_q3_tamboran_says-22-jul-2026-184191-article/?rss=true Tamboran said it had completed the biggest well stimulation campaign in the Beetaloo basin onshore Australia, putting the Shenandoah South Pilot Project on track to begin gas sales to the Northern Territory government in the third quarter.
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Houthis deploy missiles and drones to attack ships in southern Red Sea, naval group says https://www.cnbc.com/2026/07/22/houthis-red-sea-bab-el-mandeb-saudi-oil-iran.html Attacks on ships transiting the Bab el-Mandeb threaten to cut off millions of barrels per day of Saudi crude oil exports.
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ADNOC Takes FID on $6B Gas Project https://www.rigzone.com/news/adnoc_takes_fid_on_6b_gas_project-22-jul-2026-184190-article/?rss=true 'The investment will reinforce the UAE's energy security and its role as a reliable global energy supplier', ADNOC said.
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Chinese Refiners Offer Some Middle East Crude https://www.rigzone.com/news/wire/chinese_refiners_offer_some_middle_east_crude-22-jul-2026-184188-article/?rss=true Middle Eastern crude bought by some Chinese refiners is being offered for resale, according to traders.
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Equinor Profit Soars on Higher Prices https://www.rigzone.com/news/equinor_profit_soars_on_higher_prices-22-jul-2026-184187-article/?rss=true 'Strong production in the second quarter enabled us to capture value from higher prices, contributing to strong cash flow and financial results'.
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African Atlantic Gas Pipeline Project Secures ECOWAS Endorsement https://www.rigzone.com/news/african_atlantic_gas_pipeline_project_secures_ecowas_endorsement-22-jul-2026-184186-article/?rss=true The Economic Community of West African States signed an agreement supporting the proposed pipeline, which would carry about 1.06 trillion cubic feet a year of West African gas, up to half of which would be supplied to Morocco and Europe.
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Chevron Shuts Production in Preparation for Bertha https://www.rigzone.com/news/chevron_shuts_production_in_preparation_for_bertha-22-jul-2026-184185-article/?rss=true 'Chevron will continue to closely monitor the storm', a Chevron spokesperson told Rigzone.
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Oil Price Rise Comes Amid Dissipation of 1 Main Assumption https://www.rigzone.com/news/oil_price_rise_comes_amid_dissipation_of_1_main_assumption-22-jul-2026-184184-article/?rss=true 'The rise in oil prices comes amid the dissipation of the main assumption that substantially helped keep prices low', Samer Hasn, Senior Market Analyst at XS.com, said.
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Iberdrola to Buy Caruna for $5.7B https://www.rigzone.com/news/iberdrola_to_buy_caruna_for_57b-22-jul-2026-184183-article/?rss=true The transaction would mark Iberdrola's entry into Finland and give it half a million customers - over 20 percent of the Nordic country's population - and about 55,300 miles of electricity distribution networks.
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Mounting Mideast Threats Deepen Oil Shipping Disruptions https://www.rigzone.com/news/wire/mounting_mideast_threats_deepen_oil_shipping_disruptions-22-jul-2026-184182-article/?rss=true Shipping disruptions in key Middle East chokepoints intensified as the U.S.-Iran war grinds on, with vessels in the Red Sea making unusual maneuvers, while visible traffic through the Strait of Hormuz sank.
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Brent oil price hovers near $95 as Rubio says U.S. will 'continue to protect shipping' in Hormuz https://www.cnbc.com/2026/07/22/oil-prices-iran-war-macro-rubio-brent-wti.html The U.S. has launched strikes against Iran for 11 consecutive days, citing a need to "degrade Iran's ability to threaten commercial shipping."
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India steps up energy shift as costs and tariff pressures mount — oil blending push sparks backlash https://www.cnbc.com/2026/07/22/india-oil-prices-tariff-ethanol-backlash-iran-war-russia-.html India is banking on alternative fuels as it prioritizes energy security amid high oil prices and supply constraints.
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Oil Climbs as Shipping Threats Grow https://www.rigzone.com/news/wire/oil_climbs_as_shipping_threats_grow-21-jul-2026-184181-article/?rss=true Brent crude climbed to its highest level since early June as mounting threats to key oil shipping routes raised supply concerns.
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Halliburton Sees Improvement in NA Activity in 2026 https://www.rigzone.com/news/wire/halliburton_sees_improvement_in_na_activity_in_2026-21-jul-2026-184178-article/?rss=true Halliburton Co. said it sees incremental growth in North American activity throughout the year.
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Neptun Deep Production Unit Installed https://www.rigzone.com/news/neptun_deep_production_unit_installed-21-jul-2026-184180-article/?rss=true OMV Petrom completed the installation of the offshore production platform for Neptun Deep, a Black Sea project that the company says will position Romania as the European Union's biggest natural gas producer.
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North America Adds 26 Rigs Week on Week https://www.rigzone.com/news/north_america_adds_26_rigs_week_on_week-21-jul-2026-184179-article/?rss=true North America went back to adding rigs week on week, according to Baker Hughes' latest North America rotary rig count.
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Indian Refiners Halt Iraq Oil Loadings https://www.rigzone.com/news/wire/indian_refiners_halt_iraq_oil_loadings-21-jul-2026-184177-article/?rss=true Indian state refiners typically purchase Iraqi crude under long-term contracts that requires the buyer to arrange shipping.
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Norway Monthly Gas Output Up https://www.rigzone.com/news/norway_monthly_gas_output_up-21-jul-2026-184176-article/?rss=true Norway produced nearly 12 billion cubic feet per day of natural gas in June, up 9.3 percent from the prior month and 13.4 percent compared to June 2025.
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Var Energi to Acquire BlueNord https://www.rigzone.com/news/var_energi_to_acquire_bluenord-21-jul-2026-184175-article/?rss=true Var Energi and BlueNord announced a merger that they said would create Europe's biggest independent oil and gas producer.
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