(Oil Price) – The U.S. federal government is considering further steps to speed up the buildout of liquefied natural gas export […]
Read moreCategory: Commodities
Trump moves to supercharge U.S. LNG as exports hit new highs
(Oil Price) – The U.S. federal government is considering further steps to speed up the buildout of liquefied natural gas export […]
Read moreChevron met with Syrian president to discuss oil exploration
(Investing)– Syrian President Ahmed al-Sharaa held meetings with delegations from U.S. oil major Chevron and the Syrian Petroleum Company on Tuesday, […]
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 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 morePetrobras trims $109 billion capex plan as lower oil prices pressure dividends
(World Oil) – Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion, putting dividend […]
Read morePetrobras trims $109 billion capex plan as lower oil prices pressure dividends
(World Oil) – Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion, putting dividend […]
Read moreOil prices climb after OPEC+ reaffirms pause; supply risks in focus
(Investing) – Oil prices ticked higher on Monday, bolstered by OPEC+’s reaffirmation that it will hold output steady during the first […]
Read moreEnerCom’s 31st Energy Investment Conference to be held August 17–19, 2026 in Denver, Colorado
( Oil & Gas 360) – EnerCom Denver – The Energy Investment Conference will celebrate 31 years of bringing together the […]
Read moreADNOC Gas signs $4-billion supply deal with regional steel giant
(Oil Price) – ADNOC Gas has signed a $4 billion deal to supply natural gas to EMSTEEL, the largest listed […]
Read moreOil prices stabilize after Ukraine peace deal-inspired losses
(Investing) – Oil prices traded in a steady manner Wednesday, stabilizing after the previous session’s sharp losses, as investors weighed a […]
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 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 morePermian gas wave sparks biggest pipeline buildout since the shale boom
(Oil Price) – Growing domestic and export demand for Permian’s natural gas is pushing pipeline developers to invest in new pipeline […]
Read morePermian gas wave sparks biggest pipeline buildout since the shale boom
(Oil Price) – Growing domestic and export demand for Permian’s natural gas is pushing pipeline developers to invest in new pipeline […]
Read moreADNOC reaffirms $150 billion plan to boost upstream capacity, international expansion
(World Oil) – ADNOC will maintain its investments at $150 billion over the next five years as it targets growth in […]
Read moreG-20 tries to box in critical mineral disruption
(Oil Price) – The G-20 is tiptoeing around China with a sledgehammer. In a draft declaration seen by Bloomberg, leaders called […]
Read moreOil prices bounce after sharp losses; Ukraine peace talks in focus
(Investing) – Oil prices edged marginally higher Monday, steadying after last week’s sharp losses as markets weighed the prospects of a […]
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 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 moreOil extends decline as US presses for Russia-Ukraine peace deal
Investing – LONDON -Oil prices fell on Friday, extending declines for a third session as the United States pushed for a […]
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 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 moreChevron CEO affirms long-term presence in Venezuela as political pressure grows
(World Oil) – Chevron Corp., the only major U.S. oil company left in Venezuela, wants to remain in the sanctioned country […]
Read moreUS natural gas futures climb 4% on near-record LNG flows and cold December forecast
(BOE Report) – U.S. natural gas futures climbed about 4% on Wednesday on near-record flows to liquefied natural gas export […]
Read moreOil falls sharply after report of US proposal to end Russia-Ukraine war
(Investing) – LONDON-Oil prices fell sharply on Wednesday after a report of a U.S. proposal to end the Russian war in […]
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 moreUBS expects Brent crude to be trading at this level at the end of 2025
(Investing) – Brent crude prices are anticipated to hover in the $60 per barrel to $70 per barrel range in the […]
Read moreExclusive-Chevron joins race to explore potential purchase of Lukoil assets, sources say
(Investing) – LONDON -U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar […]
Read moreOil prices steady after steep losses in previous session
(Investing) – HOUSTON -Oil prices held largely steady on Thursday after declining around 4% in the previous session as investors weighed […]
Read moreActivist investor Kimmeridge takes stake in US energy producer Devon
(Investing) – NEW YORK -Activist investment firm Kimmeridge Energy Management has taken a stake in U.S. shale producer Devon Energy, according to a […]
Read moreOil gains almost 2% as Russian port suspends oil exports after Ukrainian attack
(Investing) – LONDON -Oil prices climbed nearly 2% on Friday, boosted by supply fears after the Black Sea port of Novorossiisk […]
Read moreChevron forecasts tighter pressure on oil than LNG in 2026 as global supply ramps up
(World Oil) – Increased oil supply from OPEC and its allies will continue to put pressure on crude prices next year, […]
Read moreOversupply of oil could create glut of 4m barrels a day, says energy watchdog
Warning comes as scenario in which global demand continues to grow until 2050 is included in IEA outlook reportThe world is producing more oil than it can use and by next year there could be a glut of 4m excess barrels a day entering the market, accord…
Read moreOPEC sees balanced oil market in 2026, moves further away from deficit projection
(BOE Report) – World oil supply is expected to match demand next year in a reflection of the wider OPEC+ […]
Read moreHow America’s shale strategy is powering a new Middle East energy boom
(Oil Price) – The highly focused development of the U.S.’s shale oil and gas sectors from the early 2010s transformed […]
Read moreOil prices fall as oversupply concerns overshadow US government reopening
(Investing) – LONDON -Oil prices fell more than 2% on Wednesday, weighed down by oversupply concerns as OPEC said global oil […]
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 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 moreChevron investor day puts spotlight on post-Hess strategy
(BOE Report) – When Chevron executives and top shareholders convene in New York City on Wednesday for the oil producer’s investor day, […]
Read moreOil edges higher as US shutdown talks advance, oversupply concerns persist
(Investing) – LONDON -Oil prices edged higher on Monday as investors assessed moves aimed at ending the U.S. government shutdown while […]
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 moreU.S. shale operators defy $60 oil to sustain production growth
(World Oil) – U.S. shale companies are forging ahead with their production plans, adapting to $60 oil prices while grinding […]
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 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 moreOil softens amid weak economic data, equity markets
(Investing) – LONDON -Oil prices eased on Wednesday as investors digested weaker economic data from top oil importers, but an expected […]
Read moreComstock boosts Haynesville output, to sell East Texas assets for $430 million
(World Oil) – Comstock Resources Inc. reported higher third-quarter earnings on improved natural gas prices and continued strong drilling results […]
Read more$50 oil could crush American shale growth
(Oil Price) – OPEC+ just agreed to boost oil production for another month. Luckily for U.S. shale, they also decided to pause the […]
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 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 moreMorgan Stanley lifts H1 2026 Brent forecast to $60 on OPEC+ pause, Russia sanctions
(BOE Report) – Morgan Stanley on Monday raised its Brent crude forecast for the first half of 2026 to $60 […]
Read moreOil prices steady despite OPEC+ plans to pause output increases
(Investing) – LONDON -Oil prices were little changed despite news that OPEC+ plans to end its supply increases, with the market […]
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 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 moreTrump’s tariffs could hit U.S. oil and gas with $50 billion in project delays
(Oil Price) – The tariff offensive that President Trump is leading against trade partners across the world will deal a blow […]
Read moreOil majors join OPEC in raising output as crude prices slide
(World Oil) – The world’s biggest oil companies are expected to press ahead with plans to accelerate production growth when they […]
Read moreOil prices steady; Middle East tensions, Fed rate cut in focus
(Investing) – Oil prices steadied Wednesday as renewed military action between Israel and Hamas threatened to upset a recent ceasefire, although […]
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 moreIraq in talks about OPEC quota, with exports at 3.6 mln bpd, oil minister says
(BOE Report) – Iraq is in negotiations over the size of its OPEC quota within its available capacity of 5.5 […]
Read moreOil prices steady; traders look to U.S.-China trade progress
(Investing) – Oil prices steadied Monday as traders digested potential progress in U.S.-China trade talks, starting to discount the chances of […]
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 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 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 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 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 moreEnergy Secretary Wright: Oil prices low, ’great time to be a buyer’
(Investing)– U.S. Energy Secretary Chris Wright said Wednesday that current oil prices are low, making it a “great time to be […]
Read moreSaudi Arabia’s crude oil exports jumped by 400,000 bpd in August
(Oil Price) – Saudi Arabia’s crude oil exports surged by 413,000 barrels per day (bpd) in August, to the highest level […]
Read moreUpstream oil and gas dealmaking down in third quarter as oil prices stayed low
(Investing) – HOUSTON-Persistently weak crude prices pressured merger and acquisition activity in the U.S. upstream oil and gas sector in the […]
Read moreNuclear power at heart of new Japan PM’s energy policy
(BOE Report) – Japan’s new prime minister Sanae Takaichi is expected to push for the accelerated revival of nuclear power […]
Read moreTrump will buy 1 MMbbl to help replenish Strategic Petroleum Reserve
(World Oil) – The Trump administration is taking advantage of low oil prices and buying 1 MMbbl to start refilling […]
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 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 moreNorth Sea recoverable oil and gas resources rise 31% after last licensing round, new report shows
(World Oil) – The UK’s remaining proven and probable oil and gas reserves were estimated at 2.9 billion barrels of oil […]
Read moreOil prices fall as concerns about supply glut mount
(Investing) – HOUSTON -Oil prices fell around 1% on Monday as investors weighed a potential global glut, with U.S.-China trade tensions […]
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 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 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 moreIEA projects record oil oversupply in 2026 as OPEC+ output rebounds
(World Oil) – A record oversupply of oil will be bigger than previously estimated and the excess is already starting […]
Read moreBofA says US-China trade tensions, OPEC+ output boost could push Brent below $50
(BOE Report) – Bank of America on Wednesday said that if U.S.-China trade tensions intensify while OPEC+ production ramps up, Brent […]
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 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 moreEnergy Advisors: 3Q A&D, Deal Flow Up, Deal Value Down
(Oil and Gas 360) – Energy Advisors released its 3Q A&D Special Report as a continuation of our thought leadership efforts. According to […]
Read moreSaudi Aramco can sustain 12 million Mpd oil output for a year
(Oil Price) – Saudi Aramco can sustain its oil production at its maximum capacity of 12 million barrels per day (bpd) […]
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 moreOPEC points to smaller 2026 oil supply deficit as OPEC+ pumps more
(Investing) – LONDON -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, […]
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 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 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 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 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 moreShell’s Q3 profit soars on strong trading and production
(Oil Price) – Strong gas trading, higher upstream production and liquefaction volumes, and increased refining margins are expected to boost […]
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 moreOil rises after OPEC+ hikes output less than expected
(Investing) – NEW YORK -Oil prices rose by about $1 on Monday after OPEC+’s planned production increase for November was more […]
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 moreEnergy Market Assessment: More in the world seeing opportunity
(Oil & Gas 360) – More In The World Seeing Opportunity To Do/Be/Have Better Needs Much More Oil & Natural Gas, The […]
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 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 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 moreEIA rattles oil markets with reports of crude oil, product builds
(Oil Price) – Crude oil inventories in the United States increased by 1.8 million barrels during the week ending September 26, […]
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 moreCrude oil prices plunge over 3% as OPEC+ signals more supply
(Oil Price) – Crude futures slumped on Monday, extending their biggest single-day slide in weeks as OPEC+ signaled it may press […]
Read moreTrump administration to expand coal leasing, fund coal plant upgrades
(Investing) – WASHINGTON -The Trump administration will expand coal mine leasing on federal lands and provide hundreds of millions of dollars […]
Read moreOil gains on Ukraine drone attacks cutting Russian supply
(Investing) – HOUSTON -Oil prices rose on Friday as Ukraine’s drone attacks on Russia’s energy infrastructure cut the country’s fuel exports. […]
Read moreOil gains on Ukraine drone attacks cutting Russian supply
(Investing) – HOUSTON -Oil prices rose on Friday as Ukraine’s drone attacks on Russia’s energy infrastructure cut the country’s fuel exports. […]
Read moreRecord-low Canadian natural gas prices prompt production curbs
(Oil Price) – Canadian producers are temporarily shutting in natural gas wellheads amid a record-low negative pricing at the key Alberta […]
Read moreRecord-low Canadian natural gas prices prompt production curbs
(Oil Price) – Canadian producers are temporarily shutting in natural gas wellheads amid a record-low negative pricing at the key Alberta […]
Read moreKazakhstan’s oil and condensate output rose 3% in August from previous month
(BOE Report) – Kazakhstan’s oil and condensate output rose to 8.885 million metric tons in August from 8.631 million tons […]
Read moreOPEC+ oil production hike may not be as steep as feared
(Oil Price) – The OPEC+ group is not hiking oil production as much as the headline figures in the agreement suggest, […]
Read moreOil set for biggest weekly gain in three months as Russia cuts fuel exports
(Investing) – LONDON -Oil prices edged up on Friday, on track for a more than 4% weekly gain, as Ukraine’s attacks […]
Read moreOil pulls back from seven-week high as investors reassess Fed rate cut expectations
(Investing) – NEW YORK -Oil prices eased on Thursday, retreating from the previous session’s seven-week high, as new U.S. economic data […]
Read moreTrump’s UN speech: what he said about London, oil and the UK’s green policies
From claims about sharia law to warnings on renewable energy, US president’s address was highly critical of Britain. But do his arguments stand up?Donald Trump used a 55-minute incendiary speech to the UN on Tuesday to attack London’s mayor, Sadiq Khan…
Read moreOil hits 3-week high as surprise US stockpile draw adds to supply worries
(Investing) – NEW YORK -Oil prices climbed about 1% to a three-week high on Wednesday as a surprise drop in U.S. […]
Read moreSome traders bet on 60% jump in European natural gas prices next summer
(Oil Price) – Some traders are betting that Europe’s natural gas prices would surge by 60% from current levels by next […]
Read moreOil rises $1/bbl as restart of Kurdish oil exports stalls
(Investing) – HOUSTON – Oil prices rose by more than $1 a barrel on Tuesday after a deal to resume exports […]
Read moreOil prices tick down as Iraq exports rise amid demand concerns
(Investing) – HOUSTON -Oil prices edged lower on Monday as worries of an oversupply outweighed geopolitical tensions in Russia and […]
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 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 moreOil market blind spots give traders a nasty headache: Bousso
(BOE Report) – Growing blind spots in the oil market driven by geopolitics are making it harder to determine the […]
Read moreOil edges lower on US demand concerns ahead of Fed interest rate decision
(Investing) – NEW YORK – Oil prices eased on Wednesday after data showed an increase in U.S. diesel stockpiles, stoking worries […]
Read moreOil markets may see a potentially “big” surplus ahead, HSBC says
(Investing) – The oil market is anticipated to a see a “big surplus” from the fourth quarter onwards, driven in large […]
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 moreOil demand holds steady, supply debate heats up
(Oil Price) – OPEC’s view of global oil demand growth was left unchanged as of today’s September Monthly Oil Market Report, […]
Read moreIndustry job losses and $2 billion cuts threaten U.S. oil output growth
(World Oil) – The U.S. oil industry is facing significant challenges, having laid off thousands of workers and reduced billions […]
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 moreOil gains after OPEC+ opts for modest output hike
(Investing) – HOUSTON – Oil prices rose on Monday, recovering some of last week’s losses, after producer group OPEC+ opted for […]
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 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 scraps construction of biofuels plant in Rotterdam
Oil firm, which paused project in 2024, will not restart work because facility deemed ‘insufficiently competitive’Shell has axed the construction of its biofuels plant in the Netherlands, ending what would have been one of the biggest converters of was…
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 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 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 moreExclusive: Liberty Energy at EnerCom Denver – The Energy Investment Conference 2025
(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition […]
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 prices rise as traders weigh supply risks
(Investing) – LONDON -Oil prices climbed on Monday as traders weighed concerns that Russian supply could be disrupted by more U.S. […]
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 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 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 moreKeynote Speakers: Andrew Rapp, Chad Zamarin, Ron Gusek and Craig Bealmear at EnerCom’s 30th Anniversary Energy Investment Conference
(Oil & Gas 360) – We welcome confirmed Keynote Speakers at EnerCom Denver – The Energy Investment 30th Anniversary Conference, […]
Read moreUS power use to reach record highs in 2025 and 2026, EIA says
(Investing) – U.S. power consumption will hit record highs in 2025 and 2026, the Energy Information Administration said in its short-term […]
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 moreOil steadies ahead of US-Russia talks
(Investing) – HOUSTON -Oil prices steadied on Monday, after falling more than 4% last week, as investors looked towards talks this […]
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 moreEnerCom announces Andrew Rapp, Senior Advisor in the U.S. Department of Energy, as Keynote Speaker on August 18th at EnerCom’s 30th Anniversary Energy Investment Conference
(Oil & Gas 360) – Qualified Investors and Analysts Can Register at No Cost at www.enercomdenver.com – Deadline to Submit One-on-One […]
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 moreDiamondback says it should be Permian’s ‘consolidator of choice’ as oil outlook dims
(BOE Report) – Shale driller Diamondback Energy said on Tuesday it should remain the Permian Basin’s “consolidator of choice” as […]
Read moreBig oil’s trading arms struggle to navigate Trump-era volatility
(Oil Price) – Over the past decade, scores of Big Oil companies have set up separate trading divisions that frequently rake […]
Read moreRecord production at Exxon and Chevron humbles European rivals: Bousso
(BOE Report) – LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also […]
Read moreAnalysis-Sliding US rig count outpaces efficiency gains, threatening onshore oil output
(Investing) – HOUSTON -The falling number of oil and gas rigs deployed across the United States is reaching a level that […]
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 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 moreOil prices drop as tariff jitters weigh; weekly gains likely
(Investing) – Oil prices slipped lower U.S. President Donald Trump outlined tariffs against a slew of countries, ramping up concerns over […]
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 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 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 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 moreU.S. natural gas prices upside likely in 2026 – Morgan Stanley
(Investing) – U.S. natural gas prices have fallen back of late, reflecting a lingering storage surplus and a milder shift in summer weather, […]
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 moreOil rises 2% on US-EU trade deal, Trump’s shorter deadline for Russia
(Investing) – NEW YORK -Oil prices rose 2% on Monday after a trade deal between the U.S. and the European Union, […]
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 moreOil prices ease as negative economic news offsets trade optimism
(Investing) – NEW YORK -Oil prices eased on Friday on negative economic news from the United States and China and signs […]
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 moreUS prioritizes recovery of critical minerals from mine waste
(Investing) – WASHINGTON -The U.S. Interior Department on Thursday took steps to increase recovery of critical minerals, used in everything from […]
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 moreDealmaking in US upstream oil and gas tumbles as volatility rattles investors
(Investing) – HOUSTON -Volatility across energy and equity markets spooked investors in the second quarter, slowing the pace of mergers and […]
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 moreExclusive-US firms to develop Syria energy masterplan after Trump lifts sanctions
(Investing) – DAMASCUS -U.S.-based firms Baker Hughes (NASDAQ:BKR), Hunt Energy and Argent LNG will develop a masterplan for Syria’s oil, gas […]
Read moreBP appoints new chair to oversee shift back to fossil fuels
Albert Manifold, ex-boss at buildings material company CRH, to take over from embattled Helge LundBP has appointed a successor to its embattled chair, Helge Lund, as the energy company breaks from its net zero strategy and pivots back to fossil fuels.A…
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 moreBP agrees to sell US onshore wind business as it shifts back to oil
Company to sell business for undisclosed sum to LS Power as part of plan to offload $20bn in assetsBP has agreed a deal to sell off its onshore wind business in the US as the oil multinational turns its back on renewable energy after a failed attempt t…
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 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 moreOil prices gain on geopolitical risks, inventory worries
(Investing) – LONDON – Oil prices rose on Thursday, even as global trade tensions appeared to cool, with analysts pointing to […]
Read moreOil prices gain on geopolitical risks, inventory worries
(Investing) – LONDON – Oil prices rose on Thursday, even as global trade tensions appeared to cool, with analysts pointing to […]
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 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 moreOPEC says world economy may do better in second half of year
(Investing) – LONDON -OPEC said the global economy may perform better than expected in the second half of the year despite […]
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 moreOil prices dip as traders weigh Trump’s Russia sanctions delay, Chinese GDP
(Investing) – Oil prices slipped lower Tuesday, continuing the previous session’s selloff after U.S. President Donald Trump provided Russia with additional […]
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 moreRising Phoenix Capital expands Midland basin footing with strategic acquisition
(World Oil) – Rising Phoenix Capital, an investment firm specializing in oil and gas mineral royalty acquisitions, today announced a […]
Read moreRising Phoenix Capital expands Midland basin footing with strategic acquisition
(World Oil) – Rising Phoenix Capital, an investment firm specializing in oil and gas mineral royalty acquisitions, today announced a […]
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 moreOil steadies near three-week high on signs of tighter supply
(Investing) – LONDON -Oil prices steadied on Monday, holding close to their highest level in three weeks, as investors eyed further […]
Read moreSaudi Arabia’s production increase sparks credibility concerns
(Oil Price) – After two years of playing the role of OPEC+ model citizen, Saudi Arabia has decided it’s time to […]
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 moreWorld oil market may be tighter than it looks, IEA says
(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to […]
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 moreOil falls amid bearish Trump tariff outlook
(Investing) – LONDON -Oil prices fell by around 2% on Thursday, as investors weighed the potential impact of U.S. President Donald […]
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 moreOil eases as traders assess US tariffs, OPEC+ output hike
(BOE Report) – Oil prices retreated on Tuesday after rising almost 2% in the previous session as investors assessed new […]
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