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03 May 26 |
US: EPA clarifies when oil and natural gas producers can flare after phase out deadline THe U.S. Environmental Protection Agency (EPA) has issued guidance clarifying that current federal regulations allow oil and natural gas producers to continue routine flaring of associated gas at new oil wells in limited circumstances after the May 7, 2026, phase out deadline. |
01 May 26 |
Brazil: Petrobras expands its presence in the Campos Basin with the acquisition of part of the Argonauta ring-fence Petrobras has entered into an agreement to acquire 100% of a portion of the ring-fence of the Argonauta Field (BC-10 Concession) in the Campos Basin, currently held by Shell, ONGC and Brava (Enauta Petróleo e Gás Ltda.).The acquired portion corresponds to the area of the Argonauta Field that holds 0.86% of the shared pre-salt Jubarte reservoir, related to the Unitization Agreement |
01 May 26 |
US: Union Jack Oil provides update on Crossroads well Southern Oklahoma USA AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has announced that, further to the update on 16 April 2026, Reach Oil and Gas Company (the 'Operator'), has informed the Company that the rig at Crossroads Well, located in Southern Oklahoma is still undergoing maintenance and repair. A spud date will be provided in early May. |
01 May 26 |
US: Energy Department issues RFP to continue swift execution of President Trump’s 172-million-barrel Strategic Petroleum Reserve Exchange The U.S. Department of Energy (DOE) has issued a Request for Proposal (RFP) for an emergency exchange of up to 92.5-million-barrels of crude oil from the Strategic Petroleum Reserve (SPR). Today’s solicitation opens competitive bidding, continuing DOE’s execution of President Trump’s swift 172-million-barrel release as part of a coordinated 400-million-barrel action by International Energy Agency (IEA) member nations’ strategic reserves. |
