Oil & Gas Journal

08/22/2026

Global refined product markets are tightening sharply as disruptions to Middle East supplies coincide with lower Russian exports and reduced refinery activity across parts of Asia, pushing product trade lower and refining margins to record levels.

Read more here: https://bit.ly/3SsEubx

The decline in seaborne oil product trade, especially in diesel, naphtha, and jet fuel, reflects ongoing geopolitical tensions, infrastructure attacks, and export restrictions...

08/19/2026

From blowouts and refinery explosions to ransomware and real-time monitoring, this podcast episode examines how the oil and gas industry's approach to safety has changed through the decades.

Listen to the full episode with host Laura Bell-Hammer here: https://bit.ly/4qo3Aoz or wherever you get your podcasts!

08/18/2026

Chevron will evaluate a recently confirmed condensate discovery in Block 0 for a potential tie-back to existing Chevron infrastructure, offering a potentially capital-efficient path to production.

Read more: https://bit.ly/4xT1vn7

The discovery is one part of a wider program to build a pipeline of development opportunities across Sub-Saharan Africa.

08/13/2026

The US Department of the Interior said Aug. 12 that the Marine Minerals Administration’s (MMA) Lease Sale Big Beautiful Gulf 3 (BBG3) generated about $82.7 million in high bids for 59 blocks in federal waters of the Gulf of Mexico.

Chevron USA Inc., Arena Energy LLC, and Anadarko US Offshore LLC emerged as the sale’s top winners.

BBG3’s preliminary sales revenues were higher than Lease Sale BBG2’s $47 million in March, they were 72% below BBG1’s $300 million in December 2025, held after a 2-year leasing pause.

https://bit.ly/4zjLM20

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.

08/11/2026

"What's the cure for higher prices? Higher prices."

In the latest Market Focus episode of the Oil & Gas Journal ReEnterprised podcast, BOK Financial's Dennis Kissler discusses how rising crude prices are influencing US production, while also examining the bigger forces shaping today's market: tensions with Iran, the future of the Strait of Hormuz, OPEC+ strategy, and the risk of demand destruction.

Listen to the clip below, then tune in 🎧 to the full conversation with OGJ's Conglin Xu here https://bit.ly/4hrJbMU or wherever you get your podcasts

EndeavorB2B

08/07/2026

The Oil & Gas Journal Breakfast Series returns to Lakeside Country Club in Houston on September 16, 2026, for an in-depth discussion on the future of refining.

Join industry leaders as they explore the market forecasts, policy developments, emerging technologies, and investment decisions shaping the next generation of downstream operations. Designed for operators, engineers, executives, investors, and technology providers, this event offers valuable insights along with the opportunity to network with peers from across the refining and petrochemical value chain.

Register now and save with Early Bird Savings by 9/11!
🔗 : endeavor.swoogo.com/ogjbreakfastseriesseptember2026

08/05/2026

We want to hear from you! Refiners face volatility from crude price swings, changing demand, and supply chain disruptions. Which strategies are likely to be the most impactful as refiners navigate market volatility? ➡️

Oil and gas refiners are contending with a volatile market. Where do you see refiners focusing efforts to navigate uncertainty?

08/04/2026

With a deal finalized, Klesch has taken full ownership of bp’s interest in the Gelsenkirchen refinery and related Bottrop tank farm; DHC Solvent Chemie GmbH, a subsidiary; interests in logistics joint ventures; and marketing businesses related to petrochemicals and unbranded B2B fuels produced at the site.

Read more about the deal and what assets bp retains: https://bit.ly/4cjHkpM

Post-transaction, Klesch now owns and operates three European refineries, including Gelsenkirchen, Heide, and Kalundborg, while bp retains five strategic refineries in its downstream...

08/04/2026

Downstream at a Crossroads: Refining, petrochemicals, and investing for a lower-carbon future

As refiners navigate evolving fuel demand, tightening emissions expectations, and shifting economics, critical questions are emerging around where—and how—to invest for long-term competitiveness. Join Oil & Gas Journal's quarterly Breakfast Series for an executive-level discussion examining the future of downstream operations in an era increasingly defined by lower-carbon products and changing market dynamics.

📆 : September 16, 2026
📍: Houston, TX | Lakeside Country Club
🔗: endeavor.swoogo.com/ogjbreakfastseriesseptember2026

08/01/2026

We want to hear from you! What will be most impactful to refiners looking to navigate market volatility in the 1–4 years ahead?
Take the quick poll!

https://www.ogj.com/poll

Oil and gas refiners are contending with a volatile market. Where do you see refiners focusing efforts to navigate uncertainty?