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EDITOR’S LETTER V ol. 51 No. 2

ISSN 0305-876x USPS# 017-058 s war continues to rage in Ukraine, Iran and across the 118 East 25th Street,

Middle East, sitting at the heart of the situation, per usual,

New York, NY 10010 is energy – oil and gas – with attacks on its production, tel: (212) 477-6700; fax: (212) 254-6271 refnement and transportation a repeatedly used geopoliti- www.OEDigital.com cal lever. Drone and missile attacks have damaged refner-

A

EDITORIAL ies and as of mid-April 2026, blockades in the Strait of Hormuz have severely

GREGORY R. TRAUTHWEIN

President | Editor & Publisher restricted the fow of oil into the global market writes Matthew Donovan, Head [email protected] of Rig Market Research at Esgian, the world’s home for 177 or 495 jack-up rigs.

AMIR GARANOVIC

As the physical damage to assets in the region continue to mount, the Wall Street

Managing Editor [email protected]

Journal reported that several majors, let by Exxon Mobil and Chevron are increas-

Contributors ing the pace of the search for new O&G felds far from the shooting in the Middle

BARRY PARKER, New York

East, with Exxon reportedly mulling a plan to pump up to $24 billion into Nige-

WENDY LAURSEN, Australia

PHILIP LEWIS, U.K.

ria’s deep-water oil felds, while Chevron looks to grow again in Venezuela. While

JOSEFINE SPIRO, Norway the war in the Middle East is a roadblock to production in the region, the resulting

PRODUCTION | GRAPHIC DESIGN spike in energy prices have the industry collectively sitting on a pile of cash to help

NICOLE VENTIMIGLIA [email protected] fuel new prospects areas or those that have sat idle or abandoned for years.

SALES

While the endgame for shooting in the region is murky at best, diversifcation of

GARY LEWIS (516) 441-7258 | [email protected] assets and focus on new regions will be a recurring them for many years to come.

Moving energy effciently, in volume is the focus of our interview this month with

TERRY BREESE, VP Sales +1 (561) 732-1185 | [email protected]

Kent Britton, CEO, Port of Corpus Christi. By volume, the Port of Corpus Christi

JOHN CAGNI has become a central export valve for U.S. crude oil and a fast-rising platform for [email protected] | +1 631-472-2715

LNG—an industrial ecosystem that has grown at a pace few ports can match. In

FRANK COVELLA 2025, the Port and its customers moved 203.4 million tons through the Corpus [email protected] | +1 561-732-1659

Christi Ship Channel – a fgure dominated by energy and a 1.5% decline from

MIKE KOZLOWSKI [email protected] | +1 561-733-2477 2024’s 206.5 million tons, as crude volumes softened modestly even while LNG continued to climb.

STEFY PICIOTTI THOMPSON, Europe

Phone:+33 (0) 6.21.23.67.02 |

Read the full article on Britton and his port, with insights on how several infra-

[email protected] structure projects, including the recently completed deepening and widening of

Check out the 2026 the Corpus Christi Ship Channel will keep energy fowing to the world even more

CORPORATE STAFF

CEO

Media Kit effciently in the future.

JOHN O’MALLEY via the QR [email protected]

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IT Director

VLADIMIR BIBIK

Public Relations

MARK O’MALLEY

Gregory R. Trauthwein [email protected]

President | Editor & Publisher

Accounting [email protected]

ESTHER ROTHENBERGER [email protected] m: +1-516.810.7405

Circulation

KATHLEEN HICKEY [email protected]

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