Read the latest issue of World Oil | View In Browser     DAILY NEWSLETTER   May 13, 2026

BRENT $101.30     West Texas Intermediate (WTI) $95.42     Henry Hub Natural Gas $2.76     EIA launches new oil, LNG chokepoint datasets amid Hormuz crisis The EIA will begin publishing new quarterly datasets tracking global petroleum reserves and key oil and LNG shipping chokepoints, as ongoing disruption in the Strait of Hormuz continues to pressure global energy markets. Read More   Energy security to dominate Modi’s UAE talks amid Gulf supply tensions Indian Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus heavily on energy security and stable Gulf oil supplies as rising Middle East tensions and the UAE’s recent exit from OPEC reshape global energy markets. Read More   Block Energy enters offshore Gabon with Ndjila and Mpari PSC deal Block Energy is entering the offshore Gabon upstream sector through an investment tied to the Ndjila and Mpari PSCs, adding discovered oil resources and exploration upside while launching a $6.3 million fundraise to support the transaction. Read More   Angola’s Block 2/05 advances with successful Espadarte appraisal well Etu Energias and partners successfully completed the Espadarte 7ST2 appraisal well in Angola’s Lower Congo basin, with initial testing delivering stabilized production rates between 2,000 and 2,500 bopd and confirming multiple productive reservoir intervals offshore. Read More   The value of all-electric intelligent completions All‑electric intelligent completions are increasingly popular versus hydraulic architectures in deepwater and complex multizone wells, as longer tie-backs and more challenging reservoirs become the norm. Hydraulic systems can introduce installation complexity, delay response times, and increase operational risk. All‑electric completion systems address these constraints through simplified architecture, faster actuation, and continuous digital feedback. Utilizing field data and operational experience, the measurable value of electrification, how it supports real‑time reservoir management, and its emergence as a standard for deepwater developments are examined.   Read More     Shaletech Report: Permian activity remains steady with growth through efficiencies Despite flat activity over the past two years, 2026 for the Permian basin looks moderately promising. Middle Eastern hostilities have pushed up oil prices, as operators continue to squeeze out production gains through additional technology and efficiencies. Some modest output growth is therefore likely.  Read More   OEG to support Bass Strait offshore drilling operations through 2036 OEG has secured a multi-million-dollar long-term contract extension to support offshore drilling operations in Australia’s Bass Strait, including the supply, maintenance and servicing of certified offshore cargo carrying units through the expected end of field life in 2036. Read More   Iraqi supertanker turns back near U.S. blockade in Strait of Hormuz An Iraqi oil supertanker reversed course near the U.S. naval blockade line in the Strait of Hormuz as commercial shipping traffic through the critical energy chokepoint remained severely restricted amid escalating tensions between Washington and Tehran. Read More   Petralon boosts Nigeria’s Dawes Island production to 4,800 bopd Petralon Energy has increased production at Nigeria’s Dawes Island field to approximately 4,800 bopd following startup of the DI-3 well, marking the company’s second consecutive production well since achieving first oil in late 2025. 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) 124     International Rotary Rigs + 3 rigs (change fromFebruary 2019) 1036       Kurt Abraham Editor-in-Chief   Mary Holcomb Digital Lead     Ivy Diaz Digital Editor   Olivia Kabell Associate Editor

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