Oil & Gas news — August 1, 2026

7 publications

1. WorldMiddle EastWeatherOil & Gas

   Aug 1, 2026, 19:15 UTC

   Fire Halts Operations at Erbil Refinery

   A fire at a fuel storage facility has stopped operations at an oil refinery near Erbil in northern Iraq, according to multiple Reuters reports citing security sources and the refinery itself. The fire occurred at the Shamak refinery in Shamamik, southwest of Erbil. No further details were provided.

   19 sourcesSee all sources
2. ScienceOil & Gas

   Aug 1, 2026, 19:13 UTC

   Coal India's July Production Up 8%

   Coal India Ltd reported an 8.44% increase in coal production in July 2023 compared to the same period last year, reaching 50.36 million tonnes.

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3. U.S.RegulatorsOil & Gas

   Aug 1, 2026, 19:12 UTC

   US Navy Allocates $76.6 Billion for Nuclear Submarines

   The US Navy has allocated $76.6 billion for the construction of 14 nuclear submarines, including 9 Virginia-class and 5 Columbia-class ones. The project is handled by General Dynamics Electric Boat and Huntington Ingalls Newport News. The funding also covers the recent delivery of the USS Iowa submarine of the Virginia class, capable of carrying Tomahawk cruise missiles. The Navy expresses concern about the risk of submarine attacks by drones or anti-ship missiles while docked.

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4. WorldOil & Gas

   Aug 1, 2026, 19:12 UTC

   Afghanistan Oil and Gas Prices Fluctuate Rapidly

   In recent days, the prices of oil and gas in Afghanistan have been changing rapidly, with fluctuations observed in various markets across the country.

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5. SportsOil & Gas

   Aug 1, 2026, 19:12 UTC

   Mets' Clay Holmes Expected to be Traded at MLB Deadline

   The New York Mets are expected to trade right-hander Clay Holmes at the MLB trade deadline. Holmes, who can opt out of his contract after the season, has drawn interest from multiple teams after a solid rehab start. CBS Sports' Mike Axisa predicts the Mets will trade Holmes to the Chicago White Sox, who are in need of a starter and currently lead the American League Central. Holmes has been effective this season, posting a 2.39 ERA in nine starts before suffering a fractured right fibula in May.

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6. ScienceOil & GasGrid

   Aug 1, 2026, 14:52 UTC

   CPC Continues Oil Operations After Considering Halt

   CPC, a major oil company, has decided to continue its oil loading operations despite previously considering an indefinite halt. The company had discussed the possibility of suspending operations until safety guarantees were received from other states. However, it has now chosen to resume normal operations.

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7. U.S.Oil & GasGridHydrogen

   Aug 1, 2026, 09:24 UTC

   Russia Boosts Oil Exports via Arctic Route

   Russia is increasing its oil exports through the Arctic, using the Northern Sea Route (NSR) to reduce delivery times and avoid risks in the Red Sea. The country's oil sea shipments remain at historically high levels, with exports exceeding 4 million barrels per day for the fifth consecutive week. Russia is using six tankers and nuclear icebreakers to ensure passage, up from one tanker last year. The Arctic route does not directly increase Russia's exports but allows ships to return more quickly for new cargoes, increasing the fleet's efficiency. Ship movement also helps avoid tension in the Red Sea, where Yemeni Houthis have declared a maritime blockade of Saudi Arabia. Meanwhile, due to a fuel shortage caused by attacks on oil refineries, the Kremlin has launched a scheme to circumvent sanctions: Russian oil is refined in India, and the finished fuel is transshipped at sea.

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