Read the latest issue of World Oil | View In Browser     SATURDAY ROUNDUP   Apr 5, 2026

BRENT $109.03     West Texas Intermediate (WTI) $98.04     Henry Hub Natural Gas $3.30     Chevron takes FID on Aseng gas monetization project offshore Equatorial Guinea Chevron has taken final investment decision on the Aseng Gas Monetization Project offshore Equatorial Guinea, aiming to develop gas resources through existing infrastructure and support LNG supply to global markets into the mid-2030s. Read More   BLM lease sales in three states generate $65 million, signal stronger onshore drilling outlook BLM lease sales across Colorado, Nevada and Utah generate $64.8 million, highlighting renewed interest in U.S. onshore drilling under lower federal royalty rates. Read More   Drilling technology: Drill bit advances continue their relentless march forward To deal with challenging formations while boosting efficiencies and keeping costs down, equipment manufacturers have introduced a host of new bits and technologies. The innovations even extend into geothermal drilling. This round-up of bit innovations examines the individual products and their features.  Read More   Phoenix eyes $6-billion Vaca Muerta expansion as Argentina boosts shale incentives Mercuria-backed Phoenix Global Resources is preparing a $6 billion expansion in Argentina’s Vaca Muerta shale, as President Javier Milei’s RIGI incentives boost investor confidence and accelerate drilling activity, positioning the basin as a growing contributor to global oil supply. Read More   Trillion Energy seeks buyer for Black Sea gas stake, expands Turkey exploration Trillion Energy looks to sell its Black Sea gas interest while committing $15 million to earn into a new exploration block in southeast Turkey. Read More     U.S. panel exempts Gulf drilling from endangered species rules A federal panel has approved an exemption allowing oil and gas drilling in the Gulf of America/Gulf of Mexico to proceed without certain endangered species protections, citing national security concerns in a rare decision that could accelerate offshore activity and reshape regulatory oversight. Read More   INEOS’ Ratcliffe backs UK carbon tax cuts, calls for more drilling INEOS Chairman Jim Ratcliffe supports proposed UK carbon tax cuts, warning of industrial decline and calling for increased domestic oil and gas development, including North Sea and shale resources. Read More   Regional Report: Brazil reaches for new heights in 2026 From record-shattering pre-salt output and a landmark OPEC+ debut, to a $109 billion investment mandate and the contradictions of hosting COP30, Brazil’s hydrocarbons sector has entered one its most consequential chapters. This report examines the defining decisions of the past 12 months, and charts the terrain for the year ahead.  Read More   Sable Offshore starts oil sales, targets 60,000+ bpd from Santa Ynez assets Sable Offshore has begun oil sales from the Santa Ynez Pipeline System offshore California, marking a key milestone in restarting production across its assets, with output from multiple platforms expected to exceed 60,000 bpd as operations ramp up through 2026. Read More       Weekly Rig Count Update     U.S. Rotary Rigs -10 rigs (change from 3/29) 548     Canada Rotary Rigs -17 rigs (change from 3/29) 142     International Rotary Rigs + 3 rigs (change fromFebruary 2019) 1058       Kurt Abraham Editor-in-Chief   Mary Holcomb Digital Lead     Ivy Diaz Digital Editor   Olivia Kabell Associate Editor

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