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Website title: The latest upstream news | Oilfield Technology

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IEEFA: Europe’s electricity prices are still tied to gas, making geopolitics a structural vulnerability19 hrs

The 2026 Iran war and the disruption to LNG flows through the Strait of Hormuz have increased global gas price volatility, which has fed directly into European power markets.

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European Gas hits seven-week low on Trump announcement19 hrs

European gas prices fell to near seven-week lows on the afternoon of Friday 17th April 2026, on news the Strait of Hormuz would be fully open to commercial shipping, but traders and analysts remained cautious, according to Montel.

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Wood Mackenzie: six-country international shale priority list for energy security as Middle East conflict drives sup...4 days

Middle East conflict has elevated strategic energy security priorities as countries seek supply diversification, international shale exploration can play a key role in meeting those goals, according to new research from Wood Mackenzie, titled “A hydrocarbon copy: the upstream industry’s return to international shale exploration”.

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DNV and Equinor introduce the Event Learning Taxonomy CLUE to improve incident understanding for industry4 days

DNV, the independent energy expert and assurance provider, in collaboration with the international energy company Equinor, has introduced a new incident taxonomy that helps organisations improve how they classify, understand, and learn from incidents.

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