(Investing)– Syrian President Ahmed al-Sharaa held meetings with delegations from U.S. oil major Chevron and the Syrian Petroleum Company on Tuesday, […]
Read moreAuthor: Kally Nguyen
Wood JV wins EPC contract for bpTT’s Ginger gas project
(World Oil)– Massy Wood, the Trinidad and Tobago–based joint venture between Wood and Massy Group, has secured the engineering, procurement, […]
Read moreWood JV wins EPC contract for bpTT’s Ginger gas project
(World Oil)– Massy Wood, the Trinidad and Tobago–based joint venture between Wood and Massy Group, has secured the engineering, procurement, […]
Read moreWood JV wins EPC contract for bpTT’s Ginger gas project
(World Oil)– Massy Wood, the Trinidad and Tobago–based joint venture between Wood and Massy Group, has secured the engineering, procurement, […]
Read moreOPEC+ members to undergo annual oil capacity audit under new plan, sources say
(Investing)– OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, […]
Read moreOPEC+ members to undergo annual oil capacity audit under new plan, sources say
(Investing)– OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, […]
Read moreU.S. sanctions force Serbia’s only refinery to shut down
(Oil Price)– The United States has denied a sanctions waiver to Serbian refinery Naftna Industrija Srbije (NIS), majority owned by […]
Read moreHodgson says Ottawa is close to providing clarity on B.C. tanker ban
(World Oil)- Energy and Natural Resources Minister Tim Hodgson said on Monday the government is getting close to being able […]
Read moreWhy Rosneft’s Kurdistan exit could reshape global energy
(Oil Price)– As exclusively revealed to OilPrice.com some years ago by a very high-ranking official from the Kremlin: “By keeping […]
Read moreRussia sees scope for oil exports boost to China, urges cooperation in LNG
(BOE Report)– Russia sees scope to boost oil exports to China and to deepen cooperation on supplies of liquefied natural […]
Read moreRussia sees scope for oil exports boost to China, urges cooperation in LNG
(BOE Report)– Russia sees scope to boost oil exports to China and to deepen cooperation on supplies of liquefied natural […]
Read moreRussia sees scope for oil exports boost to China, urges cooperation in LNG
(BOE Report)– Russia sees scope to boost oil exports to China and to deepen cooperation on supplies of liquefied natural […]
Read moreUkraine agrees to peace deal with US, talks with Russia underway – ABC
(Investing)– Ukraine has agreed to the terms of a potential peace deal with the United States, according to a U.S. […]
Read moreWhat could Maduro offer Trump in potential talks? Oil
(BOE Report)– Venezuelan President Nicolas Maduro has the flexibility and the incentive to offer crude oil cargoes, which the country […]
Read moreRenewable energy and EV growth have far exceeded 2015 forecasts
(Oil Price)– The latest edition of the annual UN climate summit ended with little fanfare on Friday, marking a decade […]
Read moreFreeport LNG’s Texas export plant to take in more natural gas on Friday, data shows
(BOE Report)– U.S. liquefied natural gas company Freeport LNG’s export plant in Texas was on track to take in more […]
Read moreLukoil shutters international board amid escalating U.S. sanctions
(World Oil)– Russian energy giant Lukoil PJSC dissolved the supervisory board of its international business, the latest sign of how […]
Read moreCOP30 drops draft on transition away from fossil fuels
(Oil price)– The COP30 climate summit is ditching an earlier draft of a roadmap to transition away from fossil fuels, […]
Read moreTrump administration restructures DOE, dropping clean-energy offices in favor of hydrocarbons
(World Oil)– The Trump administration is eliminating Energy Department offices focused on clean energy and renewables and, instead, creating units […]
Read moreUAE eyes $50 billion investment blitz in Canada’s energy and AI sectors
(Oil Price)– The United Arab Emirates is ready to invest as much as $50 billion in Canada’s industries, notably energy […]
Read moreIndustry applauds ‘historic’ U.S. offshore leasing proposal as energy demand rises
(World Oil)– U.S. offshore oil and gas development took a major step forward this week as the Department of the […]
Read moreIndustry applauds ‘historic’ U.S. offshore leasing proposal as energy demand rises
(World Oil)– U.S. offshore oil and gas development took a major step forward this week as the Department of the […]
Read moreExxon lifts force majeure on Rovuma LNG, clearing path for major Mozambique gas development
(World Oil)– ExxonMobil lifted a force majeure on its Rovuma liquefied natural gas project in Mozambique as security concerns subside, […]
Read moreBaker Hughes secures major turbine order to power mobile oil and gas operations
(World Oil)– Baker Hughes has received a significant order for 25 aeroderivative gas turbines from U.S.-based Dynamis Power Solutions, expanding the energy […]
Read moreControversial $5 billion EACOP project is now three-quarters complete
(Oil Price)– The $5-billion East African Crude Oil Pipeline (EACOP), which is planned to export crude oil from Uganda via […]
Read moreMassive blaze erupts at PDVSA’s Petrocedeno facility
(Oil Price)– A massive fire has erupted at a crude oil upgrader project in Venezuela after an explosion was heard […]
Read moreTotalEnergies reaffirms stance on security, human rights amid Mozambique allegations
(World Oil)– TotalEnergies has issued a detailed response to a complaint filed this month with France’s National Anti-Terrorist Prosecutor’s Office (Pnat), […]
Read moreOil edges higher on inventory draw and equities rally
(Investing)– Oil prices edged up on Thursday after falling in the previous session, boosted by a bigger than expected draw […]
Read moreChina’s oil imports surge as Middle East flows hit new highs
(Oil Price)– China’s crude oil imports last month remained elevated, with purchases from some countries hitting all-time highs, according to […]
Read moreCanCambria Energy Corp. announces upgraded resource evaluation to include Kiskunhalas concession increasing the contingent resources to 1.1 tcf gas & 116.6 mmbbl condensate
(Oil & Gas 360) CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to […]
Read moreTransocean adds $89 million in new offshore drilling options across three regions
(World Oil)– Transocean has secured approximately $89 million in new firm backlog after operators in Brazil, Norway and Romania exercised […]
Read moreFrom oil giant to mining superpower—Saudi Arabia’s next big move
(Oil Price)– In the coming days, the media will push themes related to the upcoming meeting between Saudi Crown Prince […]
Read moreGlobal oil refining profits surge and may stay strong
(Investing)– Global refining margins have hit multi-year highs in November due to sanctions on Russia, refinery outages and maintenance, according […]
Read moreGoldman Sachs: oil prices to drop to $53 in 2026
(Oil Price)– Oil prices are set to further drop into next year from current levels amid a large surplus on […]
Read moreShell takes Venture Global LNG arbitration loss to NY Supreme Court
(Oil Price)– Shell has challenged an arbitration ruling against it in the long-running dispute with Venture Global over contracted LNG […]
Read moreGlenfarne, Baker Hughes Announce Definitive Agreements to Advance Alaska LNG
(BOE Report)– Alaska LNG, majority owned and developed by Glenfarne Alaska LNG, LLC (Glenfarne), and Baker Hughes (NASDAQ: BKR), an […]
Read moreGovernments race to secure Lukoil assets as U.S. sanctions deadline nears
(World Oil)– Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy […]
Read moreU.S. sanctions push Indian refiners away from Russian crude
(Oil Price)– All but two Indian refiners have skipped placing orders for Russian crude for December after the U.S. sanctioned […]
Read moreOil prices rise as investors balance sanctions risks, oversupply worries
(Investing)– Oil prices rose on Tuesday due to the impact of the latest U.S. sanctions on Russian oil, although oversupply […]
Read moreNigeria eyes 1.7 billion barrels in new oil supply
(Oil Price)– Nigeria could tap 1.7 billion barrels in new oil supply as well as 7.7 trillion cu ft of […]
Read moreIndia’s ONGC net profit slips 18% as oil prices drop
(Oil Price)– Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in […]
Read moreMach Natural Resources grows production, boosts efficiency with Permian and San Juan assets
(World Oil)– Mach Natural Resources LP reported steady third-quarter 2025 results, highlighting production growth, new well success, and disciplined capital […]
Read morePetrobras hikes dividend as production surge offsets lower oil prices
(Oil Price)– Petrobras will be paying higher dividends for the third quarter compared to the second quarter as production and […]
Read moreCivitas Resources boosts production, lowers costs ahead of SM Energy merger
(World Oil)– Civitas Resources Inc. reported strong financial and operating results for the third quarter of 2025, driven by higher […]
Read moreExxon Mobil CEO says hydrocarbons will remain critical for long time
(BOE Report)– Hydrocarbons will continue to play a critical role for a long time to come, the CEO of U.S. […]
Read moreConocoPhillips lifts Willow project cost to $9 billion, delays start to 2029
(World Oil)– ConocoPhillips raised its total spending plans for the Willow oil and natural gas project in Alaska to as […]
Read moreExxonMobil expands exploration footprint offshore Greece
(Oil Price)– ExxonMobil is expanding its exploration portfolio offshore Greece with a new farm-in agreement for a block in the […]
Read moreHSBC slashes oil and gas financing
(Oil Price)– Financing and deals with oil and gas companies will have a materially lower share in the energy portfolio […]
Read moreAker Solutions wins five-year Hebron brownfield services contract from ExxonMobil Canada
(World Oil)– Aker Solutions has secured a five-year brownfield services contract extension from ExxonMobil Canada Properties, as operator of the […]
Read moreNigeria’s $300 billion oil theft scandal
(Oil Price)– Nigeria has lost $300 billion to oil theft, auditors appointed by the Nigerian parliament said this week. The […]
Read moreOil prices rebound after recent losses; oversupply, demand concerns persist
(Investing)– Oil prices rose Thursday, rebounding after logging sharp losses in recent sessions as expectations of a supply glut and […]
Read moreTrump to meet Central Asian presidents as US seeks to counter China, Russia influence
(Investing)– U.S. President Donald Trump will host the leaders of five Central Asian nations at the White House on Thursday […]
Read moreParex Resources Announces Third Quarter Results, Strong October 2025 Production, and Declaration of Q4 2025 Dividend
(BOE Report)– Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results […]
Read moreGran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan
(BOE Report)– Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE), today announces that the Toronto Stock Exchange […]
Read moreOil slips on oversupply concerns and stronger dollar
(Investing.com)– Oil prices fell more than 1% on Tuesday as the OPEC+ decision to pause output hikes in the first […]
Read moreTotalEnergies signs 10-year data center power deal in Spain
(Oil Price)– TotalEnergies on Tuesday announced a power purchase agreement with Data4 to supply renewable electricity to the data center developer’s […]
Read morebp reports $7.8 billion cash flow, strong upstream performance and six project startups in Q3 2025
(World Oil)– bp plc reported operating cash flow of $7.8 billion and underlying replacement cost profit of $2.2 billion for […]
Read moreExxonMobil ramps up global output with early Yellowtail startup and Permian gains
(World Oil)– ExxonMobil reported third-quarter 2025 earnings of $7.5 billion, highlighting record upstream performance across its global portfolio, led by […]
Read moreTotalEnergies LNG project in Mozambique hits new financial snag
(Oil Price)– The government of Mozambique may not agree with the latest estimate for an LNG project led by TotalEnergies, […]
Read moreCenovus announces third-quarter 2025 results
(BOE Report)– Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its third-quarter 2025 financial and operating results. The company generated […]
Read moreChevron beats estimates as Hess acquisition drives oil production growth
(World Oil)– Chevron Corporation reported record oil and gas production in the third quarter of 2025, driven by the integration […]
Read moreOil prices fall for a third straight month as OPEC+ considers boosting output
(Oil Price)- Weak factory activity in China, a stronger U.S. dollar, and reports that OPEC+ is going to add more […]
Read moreChina’s Xi and Canada’s Carney vow to advance relations
(Investing)– China’s President Xi Jinping met with Canada’s Prime Minister Mark Carney on Friday, with the leaders vowing to advance […]
Read moreTotalEnergies Q3 Earnings Hold Steady Despite Oil Price Dip
(Oil Price)– TotalEnergies (NYSE: TTE) reported third-quarter earnings essentially flat from a year earlier, as higher production, strong cash flows, […]
Read moreShell earnings rise on record deepwater output, LNG strength
(World Oil)– Shell plc reported strong third-quarter 2025 results, underpinned by record production from its deepwater assets in Brazil and […]
Read moreAthabasca Oil announces 2025 third quarter results highlighted by consistent operational performance, continued share buybacks and a pristine financial position
(BOE Report)– CALGARY, Alberta, Oct. 29, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased […]
Read morebp advances plans for major Bumerangue discovery in Brazil’s Santos basin
(World Oil)– bp is progressing appraisal planning for its significant Bumerangue hydrocarbon discovery in the pre-salt Santos Basin offshore Brazil, following […]
Read moreIndian Oil Corp. seeks to replace Russian oil with American barrels
(Oil price)– Indian Oil Corp. is looking to buy 24 million barrels of crude oil from the Americas in the […]
Read moreAnalysis-Trump-Xi ’amazing’ summit brings tactical truce, not major reset
(Investing)– BUSAN, South Korea/BEIJING (Reuters) -U.S. President Donald Trump hailed a meeting with China’s Xi Jinping as “amazing” and “12” […]
Read moreKiwetinohk Announces a Cash Sale for $24.75 Per Share under Arrangement Agreement with Cygnet Energy Ltd.
(Oil and Gas 360)– CALGARY, AB, Oct. 28, 2025 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) (“Kiwetinohk” or the “Company”) and Cygnet Energy Ltd. (“Cygnet” or […]
Read moreTourmaline and Topaz Announce the Closing of $230 Million Bought Deal Secondary Offering of Topaz Common Shares
(BOE Report)– CALGARY, AB, Oct. 28, 2025 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Selling Shareholder“) and Topaz Energy Corp. (TSX: TPZ) […]
Read morePetrofac files for administration, putting 7,300 global energy jobs at risk
(World Oil)- UK energy services provider Petrofac Ltd has applied to enter administration after the company’s latest plans to restructure […]
Read moreOil settles lower as OPEC plans to increase oil output
(Investing)– Oil prices settled marginally lower on Monday as OPEC’s plans to increase oil output once again outweighed hopes of […]
Read moreSaudi Aramco CEO sees strong oil demand amid sanctions on Russian firms
(Investing)- Saudi Aramco CEO Amin Nasser stated Tuesday that global oil demand remains strong, even before the recent sanctions on […]
Read moreOil falls $1 a barrel as investors weigh Russia sanctions, OPEC+ output plans
(Investing)– Oil prices slipped around $1 a barrel on Tuesday and were on track for a third straight day of […]
Read moreIraq secures first floating LNG import platform deal with U.S. firm
(Oil price)– Iraq signed on Tuesday a contract with U.S. company Excelerate Energy for the country’s first floating gas platform, […]
Read moreConocoPhillips to lay off Canada employees in November, company memo shows
(BOE Report)– U.S. oil company ConocoPhillips is laying off employees at its Canadian operations, according to three sources and a company […]
Read moreEni raises 2025 cash flow guidance after beating Q3 estimates
(Oil Price)– Italy’s energy giant Eni (NYSE: E) raised its outlook on cash flow generation for 2025 and increased full-year […]
Read moreMorgan Stanley expects natural gas prices to hit $5 in 2026
(Investing.com) – Natural gas prices could surge to $5 per million British thermal units in 2026 as demand rises and supply […]
Read moreGran Tierra Energy Inc. announces new $200 million prepayment and marketing agreement and amendment to reserve-based credit facility
(BOE Report)– CALGARY, Alberta, Oct. 24, 2025 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today […]
Read moreAramco awards Baker Hughes multi-year coiled tubing drilling contract
(World Oil)– Baker Hughes has secured a multi-year agreement from Aramco to significantly expand its integrated underbalanced coiled tubing drilling […]
Read moreSupertanker rates soar as buyers scramble to replace Russian oil
(Oil Price)– The supertanker freight futures surged on Thursday and Friday after the U.S. sanctions against Russia’s biggest oil firms […]
Read moreCanada’s Carney visits Asia to forge new alliances and reduce US dependence
(BOE Report)– Canada’s Prime Minister Mark Carney embarks on his first official visit to Asia on Friday in an attempt […]
Read moreValero trumps Q3 earnings estimates as refining margins soar
(Oil Price)– Valero Energy Corporation (NYSE: VLO) easily beat analyst forecasts of third-quarter earnings as refining margins surged by 44% […]
Read moreProspera Energy launches key infrastructure upgrades to unlock next phase of production growth
(BOE Report)– CALGARY, Alberta, Oct. 23, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) […]
Read moreAker BP strengthens offshore portfolio with Omega Alfa discovery, major project progress
(World Oil)– Aker BP has reported strong operational and financial performance in its latest quarterly results, underscoring stable production, disciplined […]
Read moreEU members remain deeply divided over 2040 climate targets
(Oil Price)– The EU summit this week is debating how to bridge the divide within the bloc regarding interim 2040 […]
Read moreOil prices surge 6% as Trump sanctions Russian energy giants
(Oil Price)– Oil prices skyrocketed in early Asian trading on Thursday after President Trump announced new sanctions on Russia’s two largest […]
Read moreU.S. sanctions on Russian oil giants spark supply concerns in China
(World Oil)– U.S. sanctions on Russia’s energy giants are sending shockwaves deep into the heart of China’s oil industry, where […]
Read moreIndia’s reliance boosts Middle East crude purchases
(Oil Price)– Reliance Industries, the top private refiner in India, has accelerated crude oil purchases from the Middle East, traders […]
Read moreMariEnergies discovers oil at Shawal-1 exploration well in Pakistan
(World Oil)- MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located within the Mari Development and Production […]
Read moreHalliburton beats quarterly profit estimates on steady North America drilling demand
(BOE Report)– Halliburton beat Wall Street estimates for third-quarter profit on Tuesday, helped by steady demand for its oilfield equipment […]
Read moreOil rises in choppy trade as investors focus on supply signals
(Investing.com)– Oil prices steadied on Tuesday on easing concerns about an oversupplied market and the trade dispute between the U.S. […]
Read moreAlaska’s $44 billion LNG project nears key milestone as pipeline study wraps up
(Oil Price)– The proponents of the $44-billion Alaska LNG are expected to complete by the end of the year the […]
Read moreHow one pipeline turned Canada into a global energy power
(Oil Price)– For years, Canada’s oil and gas sector was plagued by pipeline shortages that severely limited the country’s capacity […]
Read morePetrobras wins approval to drill first exploration well near Amazon River
(World Oil)– Brazil’s state-controlled energy company received approval to explore for oil near the mouth of the Amazon River, capping […]
Read moreEquinor starts production at Bacalhau, its largest international field
(World Oil)– Equinor and its partners have achieved first oil from the Bacalhau field in Brazil’s Santos basin, marking a […]
Read moreNextDecade approves $6.7 billion expansion of Rio Grande LNG
(Oil Price)– U.S. LNG developer NextDecade Corporation has decided to invest $6.7 billion in the expansion of its Rio Grande […]
Read moreOil set for weekly loss on uncertainty over global supply outlook
(Investing.com)– Oil prices edged lower on Friday, heading for a weekly loss of nearly 3% after the IEA forecast a […]
Read moreUS energy prices to spike on Trump’s axing of grants, senator says
(BOE Report)– The Trump administration’s plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had […]
Read moreIndia rejects U.S. claims of halving Russian oil imports
(Oil Price)– India hasn’t requested refiners to cut imports of Russian crude oil and no cuts have been seen for […]
Read moreBrent crude slides toward $60 on oversupply, U.S.-China trade strains
(World Oil)– Oil headed for a third weekly decline as traders focused on growing signs of oversupply and the fallout […]
Read moreTotalEnergies sees slight profit increase on higher oil output
(World Oil)– TotalEnergies SE said its third-quarter profit and cash flow may rise slightly after oil and gas output increased […]
Read moreCenovus Energy acquires additonal shares in MEG Energy
(BOE Report)– Cenovus Energy bought more shares in MEG Energy, raising its stakes to 9.8% in the Canadian oil sand company. […]
Read moreU.S. expects Japan to suspend Russian energy purchases
(Oil Price)– The United States expects Japan to stop importing Russian energy, Treasury Secretary Scott Bessent said on X, following a […]
Read moreTraders spooked by massive crude inventory build
(Oil Price)- The American Petroleum Institute (API) estimated that crude oil inventories in the United States increased by a large […]
Read moreNorth America’s LNG export capacity could more than double by 2029, EIA says
(Investing)– Liquefied natural gas exporters in the U.S. have announced plans to more than double U.S. liquefaction capacity, adding an […]
Read moreHalliburton wins Petrobras contracts to enhance deepwater Brazil field performance
(World Oil)– Halliburton has been awarded multiple deepwater contracts by Petrobras to deliver vessel stimulation, intelligent completions, and safety valve […]
Read moreFed’s Bowman expects two more interest rate cuts this year
(BOE Report)– Federal Reserve Governor Michelle Bowman on Tuesday said she continues to anticipate that the U.S. central bank will […]
Read moreIMF ups Saudi Arabia’s 2025 GDP growth forecast to 4% as oil output rises
(BOE Report)– The International Monetary Fund upgraded its 2025 economic growth forecast for Saudi Arabia on Tuesday due to a […]
Read moreOil prices plunge on U.S.-China trade war tit-for-tat
(Oil Price)– Oil prices wiped out earlier gains to dip by more than 2% in early U.S. trade on Tuesday […]
Read moreValeura boosts offshore Thailand output with 10-well Nong Yao drilling campaign
(World Oil)– Valeura Energy Inc. reported higher production and continued growth across its Thailand portfolio in the third quarter, driven […]
Read moreEU presses US to drop tariffs on metals content
(Investing)– The European Commission is pressing the United States to remove tariffs on products made from steel as Brussels seeks […]
Read moreOil market braces for contango and shale slowdown
(Oil Price)– The prospect of a contango is casting a shadow over oil markets, with the entire 2026 WTI futures […]
Read moreExxonMobil retreats from Europe, credits Trump for pro-oil stance
(World Oil)– Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while praising […]
Read moreChina vows to protect its firms amid fresh US oil sanctions barrage
(Oil Price)– China vowed on Friday to protect the rights and interests of Chinese companies after the U.S. unleashed on […]
Read moreGlobal LNG supply surge will drive lasting demand growth, says ADNOC Gas CEO
(World Oil)– A looming surge in liquefied natural gas supply through the end of the decade is poised to create […]
Read moreChina and Iran seal oil-for-infrastructure deal to bypass U.S. sanctions
(Oil Price)– China has formalized a barter-style framework with Iran in which crude oil is exchanged for infrastructure projects (from […]
Read moreLatest US sanctions on Iranian oil deal blow to China’s Sinopec
(BOE Report)– The latest U.S. sanctions on Iranian petroleum exports deal a blow to Chinese refining giant Sinopec by targeting […]
Read moreIran and Russia discuss boosting nuclear energy cooperation
(Oil Price)– Russia and Iran this week discussed boosting their cooperation in nuclear energy, including in building small nuclear reactors […]
Read moreCarney pitches Keystone XL restart in exchange for progress on aluminum, steel
(BOE Report)– Prime Minister Mark Carney raised the prospect of reviving the Keystone XL pipeline project with U.S. President Donald […]
Read moreExxonMobil signs Majnoon oil field deal, marking return to Iraq
(World Oil)– ExxonMobil signed agreements that lay the groundwork for it to explore Iraq’s giant Majnoon oil field, ending the […]
Read morePermian emissions fall 20% since 2022 even as output rises, new study finds
(World Oil)– Greenhouse gas emissions from the Permian Basin have declined nearly 20% since 2022 even as oil and gas […]
Read moreInside Europe’s energy price crisis
(Oil Price)– Energy prices for consumers across the UK rose again this month. Ofgem, the energy regulator, set the maximum […]
Read moreRussia says it is boosting oil production
(Oil Price)– Russia has raised its oil production close to the ceiling in the OPEC+ deal, Russian Deputy Prime Minister […]
Read moreFire at Chevron’s El Segundo Refinery threatens California fuel supply
(Oil Price)– On the evening of October 2, a massive fire broke out at Chevron’s El Segundo refinery just southwest of Los Angeles. […]
Read moreOPEC+ nears its limit, leaving prices one crisis away from a spike
(Oil Price)– The OPEC+ group continues to return modest volumes of supply to the market, cautious not to sink oil […]
Read moreOPEC+ nears its limit, leaving prices one crisis away from a spike
(Oil Price)– The OPEC+ group continues to return modest volumes of supply to the market, cautious not to sink oil […]
Read moreTrump mulls cutting billions in funds from list of clean energy projects
(Investing)– The U.S. government is considering canceling billions of dollars in funding for clean energy programs, including awards for auto […]
Read moreCenovus sweetens takeover offer to C$8.6 billion for MEG Energy
(BOE Report)– Cenovus Energy on Wednesday sweetened its offer to acquire MEG Energy, raising the value of the proposed deal to C$29.80 […]
Read moreIraq, Exxon sign agreement to help develop oilfield
(Investing.com)– Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its large Majnoon oilfield and expand its oil […]
Read moreIraq, Exxon sign agreement to help develop oilfield
(Investing.com)– Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its large Majnoon oilfield and expand its oil […]
Read moreLow oil prices: Saudi gift to Trump or ticking bomb?
(Oil Price)– OPEC+ yesterday agreed to yet another monthly boost in production, this time for a modest 137,000 barrels daily. Oil […]
Read moreReconAfrica advances drilling at Kavango West 1X exploration well in Namibia
(World Oil)– Reconnaissance Energy Africa Ltd. (ReconAfrica) reports that drilling operations are progressing on schedule at the Kavango West 1X […]
Read moreZephyr Energy announces huge reserves boost, production potential in Paradox basin
(World Oil)– Zephyr Energy plc announced the results of an updated Competent Person’s Report (CPR) for its Paradox basin assets […]
Read moreGulf countries respond to U.S. trade pressure with trillion dollar plans
(Oil Price)– Over the past decade, the Gulf Cooperation Council (GCC), comprising Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and […]
Read moreMEG Shareholders Set to Vote on Critical Decision – Cenovus vs. Strathcona vs. Going it Alone
(BOE Report)– The contest for MEG Energy is entering its final stages, with two competing bids on the table and shareholders […]
Read moreShell-led LNG Canada prepares to start Train 2
(BOE Report)- Led LNG Canada has begun the process of starting up its second 6.5 million tonnes per annum (mtpa) […]
Read moreOil recovers after 8% drop
(Oil Price)– Oil prices saw a small recovery on Friday morning after a continued selloff this week. Friday, October 3, […]
Read moreOil prices head for weekly loss as market awaits November supply news
(Investing.com)– Oil prices were stable on Friday but were still headed for a weekly loss of about 7-8% after news […]
Read moreEni approves $7.2 billion Coral Norte LNG project offshore Mozambique
(World Oil)– Eni SpA gave financial approval to build a $7.2 billion floating liquefied natural gas project in Mozambique that […]
Read moreBerkshire Hathaway Inc. to Acquire OxyChem
(Oil & Gas 360) – Berkshire Hathaway (NYSE: BRK) and Occidental (NYSE: OXY) today announced a definitive agreement for Berkshire […]
Read moreEnerMech wins major subsea contract for Australian offshore gas development
(World Oil)– EnerMech has won a significant contract to provide subsea pre-commissioning and specialist services for a major offshore gas […]
Read moreAlberta leads as proponent for West Coast pipeline
(BOE Report)– With the advice and technical support of three major pipeline companies, Alberta’s government, acting as proponent, will develop […]
Read moreOil prices sink to 4-month lows on oversupply concerns
(Investing.com)– Oil prices edged lower on Thursday, extending a run of declines into a fourth day, with Brent hitting its […]
Read moreMiddle east electricity demand to grow 50% over the next decade
(Oil Price)– The International Energy Agency (IEA) has revealed that electricity consumption in the Middle East and North Africa (MENA) has […]
Read moreRhino confirms high-liquid gas condensate discovery at Volans-1X offshore Namibia
(World Oil)– Rhino Resources Namibia Ltd. has confirmed a significant gas condensate discovery at the Volans-1X exploration well in Block […]
Read moreLNG is Shell’s top contribution to energy industry over next decade, CEO says
(BOE Report)– Liquefied natural gas (LNG) will be European oil major Shell’s biggest contribution to the energy industry over the […]
Read moreConocoPhillips signs deal to advance offshore gas development in Equatorial Guinea
(World Oil)– Equatorial Guinea has signed a Heads of Agreement (HOA) with ConocoPhillips to develop offshore Blocks B/4 and EG-27, […]
Read moreConocoPhillips signs deal to advance offshore gas development in Equatorial Guinea
(World Oil)– Equatorial Guinea has signed a Heads of Agreement (HOA) with ConocoPhillips to develop offshore Blocks B/4 and EG-27, […]
Read moreConocoPhillips signs deal to advance offshore gas development in Equatorial Guinea
(World Oil)– Equatorial Guinea has signed a Heads of Agreement (HOA) with ConocoPhillips to develop offshore Blocks B/4 and EG-27, […]
Read moreGoldman Sachs expects 140,000 barrels per day OPEC+ quota hike for November
(Investing.com)– Goldman Sachs expects OPEC+ to raise oil production quotas by 140,000 barrels per day for November, it said on […]
Read moreThe slow demise of Russian oil production
(Oil Price)– For most of the last decade, OPEC and Russia, collectively referred to as OPEC+, have aligned their interests […]
Read moreDeepOcean secures Equinor SIMOPRO contract for Åsgard and Visund fields
(World Oil)– DeepOcean has been awarded an offshore installation contract by Equinor covering simultaneous marine operations and production (SIMOPRO) on […]
Read moreUS Northeast electricity imports from Canada drop, EIA reports
(BOE Report)– Electricity imports from Canada into New York Independent System Operator (NYISO) and Independent System Operator New England (ISO-NE) […]
Read moreCiti sees Brent crude at $60 by year-end as OPEC+ ramps up production
(BOE Report)– Citi analysts on Friday forecast Brent crude oil prices would fall to $60 per barrel by year-end and […]
Read moreSweden looks to lend $23 billion to new nuclear power projects
(Oil Price)– Sweden’s government will ask the Parliament to approve state loans worth $23.4 billion (220 billion Swedish crowns) to companies […]
Read moreEcopetrol targets Brazil’s onshore oil and gas, eyes Petrobras Bahia Terra cluster
(World Oil)– Colombian oil producer Ecopetrol SA is pursuing oil and gas deals in Brazil that could include a cluster […]
Read moreTrump policies threaten US clean energy jobs engine, report says
(Investing.com)– Jobs in solar, wind and other clean energy industries grew three times faster than in the rest of the […]
Read moreWhat’s the real reason behind OPEC+’s surprise oil production boost?
(Oil Price)-OPEC+’s decision last week to increase its collective oil production has surprised many, given the soft outlook for oil […]
Read moreChevron, Anadarko join consortium to explore offshore Peru’s Trujillo basin
(World Oil)– Chevron, Anadarko, and investment fund Westlawn have formalized a new partnership to advance hydrocarbon exploration offshore Peru, marking a significant step […]
Read moreExclusive-EU could quit Russian gas within a year, US energy chief says
(Investing) – The European Union could phase out Russian gas within six to 12 months by replacing it with U.S. […]
Read moreBig oil warns about a looming LNG supply glut
(Oil Price)– Lately, Wall Street has been warning that oil markets could soon face a surplus, putting more pressure on […]
Read moreDiversified Energy acquires Canvas in $550 million deal to boost Oklahoma production
(World Oil)– Diversified Energy Company Plc will acquire Canvas Energy in a $550 million deal that significantly expands the company’s […]
Read moreCenovus Energy to sell interest in WRB Refining to Phillips 66
(BOE Report)– Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced it has reached an agreement for the sale, indirectly through […]
Read morebp signs deal to drill five wells in the Mediterranean
(World Oil)– bp has signed a Memorandum of Understanding (MoU) to evaluate opportunities for a five-well program at water depth […]
Read moreHalliburton reduces workforce as oil activity slumps, sources say
(BOE Report)– U.S. oilfield services provider Halliburton has been cutting staff in recent weeks, according to two sources familiar with […]
Read moreDiscount on Western Canada Select widens
(BOE Report)– The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Thursday. WCS […]
Read moreThe future is bright for U.S. LNG
(Oil Price)– American LNG exports hit a monthly record in August as newly started-up projects gradually ramp up output and […]
Read moreIndia will keep buying Russian oil despite Trump demands
(World Oil)– India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil, signaling its intent to defy […]
Read moreRussia and China cement alliance with new gas pipeline
(Oil Price)– Russia and China used a Eurasian summit this week to manifest closer ties in defiance of the U.S., […]
Read moreShell returns to Angola after two-decade absence
(World Oil)– Shell’s return to Angola after a 20-year hiatus highlights a shift in sentiment toward the nation’s oil sector, […]
Read moreTen Permian counties account for 93% of U.S. oil production growth since 2020
(World Oil)– Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 […]
Read moreLow oil prices force Saudi Arabia to tap more debt
(Oil Price)– Saudi Arabia’s budget deficit is growing this year as oil prices are down from last year’s levels and […]
Read moreOil rises 1% ahead of OPEC+ meeting
(Investing.com)– Oil prices rose on Tuesday ahead of an upcoming OPEC+ meeting on Sunday, in which analysts expect the group […]
Read moreAlberta predicts wider budget deficit amid lower oil prices
(World Oil)– Alberta is projecting a wider deficit for the current fiscal year as oil prices fall, denting a key […]
Read moreStrathcona seeks to block $5.7 billion Cenovus deal to buy MEG Energy
(Oil Price)– Previously rejected MEG Energy bidder Strathcona Resources intends to buy an additional 5% stake in MEG and vote […]
Read moreNo rush on new crude oil pipelines, Trans Mountain chief executive says
(BOE Report)– The chief executive at Trans Mountain Corp. says there should be ample pipeline space to get Canadian crude […]
Read moreExxon says net zero goals have slipped as coal use rises
(World Oil)– ExxonMobil said net zero goals for the global energy sector are likely to drift further beyond 2050 due […]
Read moreCold War plutonium could power future U.S. reactors
(Oil Price)– Plutonium material from dismantled U.S. nuclear warheads from the Cold War could be offered to American power firms […]
Read moreElliott affiliate emerges as frontrunner in Citgo auction, filing says
(Investing.com)– A U.S. court officer said on Monday an affiliate of hedge fund Elliott Investment Management made the best bid […]
Read moreSouth Korean firms pledge $150 billion in US investments at summit
(BOE Report)– South Korea touted a broad range of U.S. investment plans by its companies at Monday’s summit between U.S. […]
Read moreZephyr Energy acquires key producing assets in Rocky Mountain basins
(World Oil)– Zephyr Energy has completed its $7.3 million acquisition of working interests in accretive, mature proved developed producing (PDP) […]
Read moreCanada eyes deeper energy ties with Germany through critical minerals partnership
(BOE Report)– Canada is signing a critical minerals partnership with Germany that encourages the joint public financing of natural resources […]
Read moreOil sands producers find ways raise output, reduce capex
(World Oil)– Canadian oil sands companies have found a way to ramp up production in the face of oil prices: […]
Read moreDevon Energy and Centrica ink major LNG supply deal
(Oil Price)– U.S. Devon Energy Corporation has signed a 10-year natural gas agreement to supply LNG to UK’s Centrica, the […]
Read moreGlobal oil markets will face record surplus in 2026, says IEA
(World Oil)– Global oil markets are on track for a record surplus next year as demand growth slows and supplies […]
Read moreIndian Oil Corp. buys another U.S. crude cargo
(Oil Price)– Indian Oil Corp has bought another cargo of U.S. West Texas Intermediate for delivery in October, Reuters reported today, […]
Read moreProspera Energy announces Q2 2025 financials & EnerCom Denver 2025 participation
(Oil & Gas 360) – CALGARY, Alberta, Aug. 14, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera”, “PEI” […]
Read moreVietnam buys its first U.S. crude oil cargo for 2025
(Oil Price)– Vietnam has bought its first cargo of U.S. crude oil for 2025, Reuters reported on Thursday, citing sources. Vietnam, […]
Read moreConocoPhillips awards Halliburton multi-year North Sea services contract
(World Oil)– ConocoPhillips has contracted Halliburton to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The […]
Read moreEIA shows US crude oil inventories growing
(Oil Price)– Crude oil inventories in the United States increased by 3.0 million barrels during the week ending August 8, […]
Read moreVenture Global wins arbitration case against Shell over contracted LNG cargoes
(BOE Report)– Venture Global has won a legal battle against Shell over its failure to deliver liquefied natural gas under […]
Read moreIndia’s second-largest refinery sees imports plunge as EU sanctions bite
(Oil Price)– Nayara Energy, the Indian refiner in which Russia’s oil giant Rosneft holds 49%, is set to import in […]
Read moreRussia says its demands are unchanged: full Ukrainian withdrawal from regions that Moscow claims
(BOE Report)– Russia said on Wednesday that its stance on ending the war in Ukraine has not changed since President […]
Read moreOil prices fall 1% after US crude build and ahead of Trump-Putin talks
(Investing.com)– Oil prices fell over 1% on Wednesday after a U.S. crude supply unexpectedly rose, but losses were limited after […]
Read moreNorway’s $1.9 trillion oil fund cuts stakes in energy supermajors
(Oil Price)– The world’s biggest sovereign wealth fund, Norway’s $1.9 trillion oil fund, cut its equity stakes in the biggest […]
Read moreDiscount on Western Canada Select widens
(BOE Report)– The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Monday. […]
Read moreNew York becomes first U.S. state to mandate electrification of new buildings
(Oil Price)– New York has become the first U.S. state to announce its commitment to fully electrifying all new buildings. […]
Read moreNextDecade secures $3 billion funding from TotalEnergies, GIP for Rio Grande LNG project
(BOE Report)– U.S. liquefied natural gas developer NextDecade said on Monday it will receive up to $3 billion in equity […]
Read moreDrone strike halts Rosneft Oil Refinery Operations
(Oil Price)– A Sunday drone attack on the Saratov refinery, owned by Russia’s oil giant Rosneft, prompted the facility to […]
Read moreTotalEnergies buys Vantage Drilling’s Tungsten Explorer
(World Oil)– Vantage Drilling International Ltd. has completed its sale of the Tungsten Explorer to TEVA Ship Charter LLC, the […]
Read moreCivitas divests $435 million in DJ Basin assets, names interim CEO in leadership shift
(World Oil)– Civitas Resources announced two major updates on Aug. 6: the reinstatement of a capital return program and a […]
Read moreConocoPhillips to sell Anadarko assets for $1.3 bln; profit beats estimates
(BOE Report)– ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating […]
Read moreArgentina finally emerges as a South American oil powerhouse
(Oil Price)– The discovery of the massive Vaca Muerta shale play was a game changer for the economically troubled South American […]
Read moreWhite House looks to oust IEA’s second-in-command
(Oil Price)– The United States looks to replace the deputy executive director of the International Energy Agency (IEA), the second-in-command […]
Read morePresidio Petroleum to go public via strategic merger with EQV Ventures
(World Oil)– Presidio Petroleum announced plans to go public via a definitive business combination agreement with EQV Ventures Acquisition Corp. […]
Read moreEPA set to cancel $7 billion in solar project grants
(Oil Price)– The U.S. Environmental Protection Agency (EPA) plans to terminate $7 billion in federal grants for solar power projects […]
Read moreThree years into war, US and Europe keep billions in trade with Russia
(BOE Report)– Three years after Russian President Vladimir Putin launched his full-scale invasion of Ukraine, the United States and European […]
Read moreGoldman keeps Brent oil forecast, but flags downside risks to demand
(BOE Report)– Goldman Sachs on Sunday reiterated its oil price forecast with Brent averaging $64 per barrel in the fourth […]
Read morebp hits oil at deepwater Brazil exploration well
(World Oil)– bp today announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil. bp […]
Read moreVenezuela’s oil exports fell 10% in July
(Oil Price)– Venezuela’s crude and fuel exports fell in July by some 10% from June to average 727,000 barrels per […]
Read moreOil majors win $4.2 billion environmental dispute in Kazakh court
(World Oil)– Partners in Kazakhstan’s second-largest oil field won a case in a local court over environmental fine that could […]
Read moreRecord Permian output boosts Exxon’s Q2 results
(Oil Price)– Despite the slide in oil prices in the second quarter, ExxonMobil (NYSE: XOM) reported on Friday earnings that […]
Read moreChevron’s return to Venezuela fuels controversy over oil payments to Maduro
(Oil Price)– Chevron will transfer part of the oil it produces in Venezuela to the Maduro government, Bloomberg has reported, […]
Read moreOPEC+ seen further raising oil production on Sunday, sources say
(BOE Report)– OPEC+ will likely approve another oil output hike on Sunday, sources familiar with the discussions said, adding that […]
Read moreU.S., Pakistan sign deal to develop oil reserves, improve trade ties
(World Oil)– The U.S. sealed a trade deal with Pakistan as their officials wrapped up talks in Washington, agreeing to […]
Read moreAI boom will drive U.S. energy expansion, says interior secretary Burgum
(Oil Price)– Low oil prices may be squeezing U.S. shale producers, but Interior Secretary Doug Burgum isn’t worried. In a […]
Read moreRepsol-NEO merger forms one of largest producers on UK Continental Shelf
(World Oil)– The strategic merger between Repsol Resources UK and NEO Energy is complete, in a deal that will create […]
Read moreEU considers pooling demand from companies to buy more US gas
(BOE Report)– The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part […]
Read moreU.S. steps up sanctions on Chinese imports of Iranian oil
(Oil Price)– The U.S. has sanctioned a fourth oil import terminal in China for receiving Iranian oil cargoes as the […]
Read moreTrump, Zeldin reversal of greenhouse gas ruling applauded by Texas regulatory agency
(World Oil)– The Trump administration and Environmental Protection Agency (EPA) Administrator Lee Zeldin have announced the agency will reverse the […]
Read moreChevron appoints John B. Hess to Board of Directors
(World Oil)– Chevron has appointed John B. Hess to its Board of Directors, the company announced on Tuesday. Hess, 71, […]
Read moreThe coal conundrum: balancing growth and climate goals
(Oil Price)– Despite years of climate summits and net-zero targets, global coal consumption and production both hit record highs in […]
Read moreHalliburton launches LOGIX™ automated geosteering service
(World Oil)– Halliburton has launched LOGIX™ automated geosteering, a part of the LOGIX™ automation and remote operations family of solutions, […]
Read moreNew Era Helium’s JV closes on 235-acre AI data center site in Permian Basin, with option to expand to 438 acres in total as buildout accelerates
Publisher’s Note: New Era Helium will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. (Oil & […]
Read moreWoodside takes over oil and gas assets from Exxon
(Oil Price)– Australia’s energy major Woodside has taken over the operatorship of the Bass Strait oil and gas assets that […]
Read moreGlobal FLNG capacity to more than triple by 2030, analysts say
(World Oil)– Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to […]
Read moreIn a first, NRC approves restart of mothballed nuclear facility
(Oil Price)– The U.S. Nuclear Regulatory Commission on Thursday granted multiple licensing and regulatory approvals necessary for the 800-MW Palisades nuclear […]
Read moreU.S. onshore oil production soars to record highs
(Oil Price)– U.S. crude oil production from onshore federal lands hit a record 1.7 million barrels per day (bpd) in […]
Read moreCenovus floated as potential competing bidder for hostile takeover target MEG Energy
(BOE Report)– Oilsands giant Cenovus Energy Corp. has been cited by industry watchers as one of the potential competing bidders for MEG […]
Read moreEU’s $750 billion energy deal with U.S. will be hard to attain, experts say
(World Oil)– The European Union’s promise to buy $750 billion of American energy imports over three years was pivotal to […]
Read morePhillips 66 beats second-quarter profit estimates on higher refining margins
(BOE Report)– Refiner Phillips 66 beat Wall Street estimates for second-quarter profit on Friday, helped by higher refining margins and […]
Read moreOil firms brace for impact as Brazil revamps tax benchmark
(Oil Price)– Brazil has revised its rules for setting the reference price for crude oil produced in the country in […]
Read morePJM issues grid alert amidst soaring temperatures
(Oil Price)– PJM Interconnection, the operator of the largest U.S. electric grid, has issued a maximum generation alert and load management […]
Read morePermian methane emissions dropped 50% in two years, analysts say
(World Oil)– The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. […]
Read moreWhy analysts favor the unloved energy stocks
(Oil Price)– Although the outlook on oil prices and demand has become increasingly uncertain in recent months, analysts continue to […]
Read moreChevron to lay off over 600 workers following Hess acquisition
(World Oil)– Chevron Corp. is cutting almost 650 jobs in the Houston area and North Dakota after completing the $53 […]
Read moreFossil fuels rise in Europe and U.S. despite soaring clean energy
(Oil Price)– Power generation from clean energy rose globally in the first half of the year, led by the renewables […]
Read moreGlobal LNG production will drive supply surge in 2026, says IEA
(World Oil)– Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven […]
Read moreRepublicans move to cut U.S. funding for IEA
(Oil Price)– A House committee has approved a bill that the U.S. withdraw its funding to the International Energy Agency […]
Read moreConocoPhillips in talks to sell Oklahoma assets
(Oil Price)– One of the top U.S oil and gas producers, ConocoPhillips, is in an advanced stage of discussions to […]
Read moreTrump says Japan, US to form LNG joint venture
(BOE Report)– U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied […]
Read moreHalliburton will idle some equipment amid lower oilfield demand
(World Oil)– Halliburton Co. is idling some oilfield equipment in response to deteriorating demand among shale companies. The world’s largest […]
Read moreAI demand drives largest U.S. electricity auction price to record high
(Oil Price)– Demand for electricity from data centers handling AI technology drove the price of the largest electricity auction in […]
Read moreTotalEnergies starts production from two offshore Angola projects
(World Oil)– TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which […]
Read moreOklo and Vertiv Announce Collaboration to Advance Power and Cooling Solutions for Hyperscale and Colocation Data Centers in the United States
Publisher’s Note: Oklo will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. Oil & Gas 360 […]
Read moreAmplify Energy Announces Strategic Update and CEO Transition
(Oil & Gas 360) – Publisher’s Note: Advantage Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, […]
Read moreEnbridge Announces 600-Megawatt Solar Project to Support Meta Platforms, Inc. Data Center Operations
Oil & Gas 360– CALGARY, AB, July 22, 2025 /CNW/ – Enbridge Inc. (Enbridge or the Company) announced that it has reached […]
Read moreU.S.-China talks could shift to sanctioned oil, says Treasury Secretary
(World Oil)– U.S. Treasury Secretary Scott Bessent said the next round of U.S.-China talks could include a discussion of China’s […]
Read moreU.S.-China talks could shift to sanctioned oil, says Treasury Secretary
(World Oil)– U.S. Treasury Secretary Scott Bessent said the next round of U.S.-China talks could include a discussion of China’s […]
Read moreEQT calls on congress to slash gas project approval times
(Oil Price)– The chief executive of gas major EQT has called on legislators to reduce the length of the approval […]
Read morebp sells U.S. onshore wind business, continuing pivot back to oil and gas
(World Oil)– BP Plc has agreed to sell its U.S. onshore wind business to LS Power, as the company continues […]
Read moreUS not rushing trade deals ahead of August deadline, will talk with China, Bessent says
(BOE Report)– The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury […]
Read moreChevron wins Exxon case but loses time, oil and billions
(BOE Report)– ExxonMobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S. […]
Read moreChevron completes $53 billion Hess takeover following lengthy Exxon arbitration
(World Oil)– Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding […]
Read moreSubsea7 wins contract for Equinor’s Fram Sør project, offshore Norway
(World Oil)– Subsea7 has been awarded a large1 contract by Equinor relating to the Fram Sør development project, offshore Norway, […]
Read moreOil prices climb after the EU imposes new sanctions on Russia
(Oil Price)– Oil prices moved higher on Friday morning after the EU agreed to an 18th package of sanctions against […]
Read moreGoldman: The boom years of U.S. oil output growth are over
(Oil Price)– The years of very rapid growth in U.S. crude oil production are behind us, in large part due […]
Read moreOil prices in mid-$60s put U.S. shale profits in danger zone, investors say
(World Oil)– Activity is slowing in U.S. oil fields as drillers remain in the crude-price danger zone for profits, according […]
Read moreGuyana scales back borrowing as elections test oil boom stability
(Oil Price)– Guyana’s government will reduce external borrowing for major infrastructure projects, Vice President Bharrat Jagdeo said, citing the country’s […]
Read moreFreeport LNG export plant in Texas on track to return to full power, LSEG data shows
(BOE Report)– U.S. liquefied natural gas company Freeport LNG’s export plant in Texas was on track to take in more […]
Read moreEni signs 20-year LNG supply deal with Venture Global
Publisher’s Note: Eni SpA will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. (World Oil) – […]
Read moreLatin America isn’t signing blind mining deals anymore
(Oil Price)– The mining sector continues to face new and growing challenges. President Trump only yesterday pushed copper prices to […]
Read moreSLB completes $7.8 billion ChampionX acquisition
(World Oil)– SLB has successfully completed its previously announced $7.8 billion acquisition of ChampionX. The announcement follows a period of […]
Read moreHow Canada’s oil sands transformed into one of North America’s lowest-cost plays
(BOE Report)– Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor […]
Read moreConocoPhillips files to expand arctic drilling near $7.5 billion willow project
(Oil Price)– ConocoPhillips has submitted a formal application to federal regulators seeking approval to drill four new exploratory wells and […]
Read moreBlackstone to invest $25 bln in data centers and natural gas plants, COO says
(BOE Report) – Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy […]
Read moreGoogle signs a record $3-billion hydropower deal to power AI
(Oil Price)– Google has signed a $3-billion agreement to source electricity for data centers from Brookfield Asset Management’s hydropower facilities, […]
Read moreMidOcean emerges as lead bidder for Petronas’ Canada assets, sources say
(World Oil)– MidOcean Energy, a liquefied natural gas company founded by private equity firm EIG and backed by Saudi Aramco, […]
Read moreDOE okays exchange from SPR to Exxon to ease crude quality issue
(Oil Price)– The U.S. Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic […]
Read moreDOE okays exchange from SPR to Exxon to ease crude quality issue
(Oil Price)– The U.S. Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic […]
Read moreSoaring Saudi exports and trade tensions will test oil price resilience: Bousso
(BOE Report)– Oil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald Trump’s trade […]
Read moreBP-Eni JV makes major gas discovery offshore Angola
(Oil Price)– Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir […]
Read moreTrump hints at sanctions for Russian crude, oil prices go up
(World Oil)– West Texas Intermediate advanced almost 3% to settle above $68 a barrel after President Donald Trump said he […]
Read moreOPEC+ likely to pause output hikes after next meeting, says Goldman Sachs
(World Oil)– With the producer club nearing the end of a first phase of jumbo output hikes, the market’s attention […]
Read moreBP sees lower oil prices denting Q2 profit
(Oil Price) – Lower oil and gas prices are expected to dent the second-quarter earnings at BP, despite higher output […]
Read moreUS natgas end-of-season storage seen at three-year low in October
(BOE Report)– U.S. natural gas storage is on track to end the April-October summer injection season at a three-year low […]
Read moreTrump’s flip-flop on emergency oil reserves has its merits: Bousso
(BOE Report)– LONDON, July 10 – U.S. President Donald Trump’s signature budget bill slashed funding for refilling U.S. emergency oil […]
Read moreHess exits deepwater exploration block in Suriname
(World Oil)– The American international oil and gas company Hess (Suriname II) Exploration Limited (Hess) will relinquish Block 59 in […]
Read moreOPEC+ considers pausing production increases after September hike – Bloomberg
(Investing)– OPEC+ is discussing a potential pause in further oil production increases following its next monthly supply hike, Bloomberg reported, […]
Read moreU.S. power utilities seek price hikes on AI demand
(Oil Price)– Power utilities in the United States have applied for permission to raise electricity prices, with a demand surge […]
Read moreU.S. production growth to slow amid drilling decline, says EIA
(World Oil)– The U.S. sees domestic crude output growth slowing more than expected this year as choppy oil prices limit […]
Read moreUAE says oil markets are absorbing more barrels without stocks rising
(BOE Report)– Oil markets are absorbing OPEC+ production increases without building inventories, which means they are thirsty for more oil, […]
Read moreOil prices dip on tariff expectations
(Oil Price)– Crude oil prices took a dip today after hitting a two-week high earlier, as traders awaited updates on […]
Read morebp, Shell sign deals for Libya exploration and redevelopment
(World Oil)– bp Plc and Shell Plc signed agreements with Libya’s National Oil Corp (NOC) to study new opportunities, joining […]
Read moreExxon expects $1.5 billion earnings drop from lower oil, gas prices
(World Oil)– ExxonMobil expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a […]
Read moreSaudi Arabia’s crude oil exports jumped by 400,000 bpd in April
(Oil Price)– Saudi Arabia’s crude exports soared by 412,000 barrels per day (bpd) in April from March, the latest data […]
Read moreUS proposes rules that could boost oil, gas output in US West
(BOE Report)– The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil […]
Read moreValaris secures multi-year contract for drillships in U.S. Gulf
(World Oil)– Valaris Limited has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and […]
Read moreCarney: new Canadian oil pipeline Is ‘highly likely’
(Oil Price)– A new oil pipeline to Canada’s Pacific coast is highly likely to make it to the federal government’s […]
Read moreTotalEnergies moves to restart work on $20 billion Mozambique LNG, sources say
(World Oil)– Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing […]
Read moreU.S. energy giants set to sign $34 billion worth of deals with Indonesia
(Oil Price)– U.S. supermajors ExxonMobil and Chevron, Indonesia’s state energy firm Pertamina, and other companies from the two countries are […]
Read moreOPEC+ set to complete big oil output cut unwinding in Sept, sources say
(BOE Report)– OPEC+ oil producers are set to approve another big output boost for September as they complete both the […]
Read moreU.S. shale to slow drilling as Trump’s tariffs rattle executives
(World Oil) – U.S. shale executives expect to drill significantly fewer wells this year than planned at the start of […]
Read moreUS imposes new sanctions targeting Iran oil trade, Hezbollah, Treasury Dept says
(BOE Report)– The United States imposed sanctions on Thursday against a business network that smuggles Iranian oil disguised as Iraqi […]
Read moreU.S. lifts restrictions on ethane exports to China
(Oil Price)– The Trump Administration has rescinded licensing requirements for U.S. exporters of ethane to China, paving the way to […]
Read moreGermany approves gas drilling in protected North Sea marine zone
(World Oil)– Germany has given the green light for drilling as much as 13 billion cubic meters (Bbcm) of natural […]
Read moreU.S. Senate’s passage of OBBBA a ‘win for American energy,’ say industry reps
(World Oil)– The U.S. Senate on Tuesday voted to narrowly approve President Trump’s $3.3 trillion tax and spending package dubbed […]
Read moreOil majors compete for Libya’s first exploration tender since 2011 war
(World Oil)– Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the […]
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