Shell faces sharp drop in reserves and needs key agreements
The British oil company has less than eight years of reserve life and will have to resort to acquisitions or exploratory finds to sustain its production.
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Pemex awards energy contract to Carlos Slim’s company
Pemex formalizes a new contract under a mixed model with a participation of at least 40%, aiming to produce 27.5 million barrels in the Macavil field.
India reactivates Venezuelan oil imports after easing of sanctions
India makes its first purchase of Venezuelan crude oil in almost a year, marking a new turn in its energy strategy in the face of U.S. pressure.
Oil prices fall after signs of prolonged negotiations between Iran and the US.
Crude oil rallied briefly followed by a decline on signs of prolonged negotiations.
Artificial intelligence is driving a new energy battle in 2026
AI accelerates global energy demand while redefining industrial and policy priorities in the U.S. and around the world.
DNO considering joining Kurdistan crude oil export agreement
DNO is evaluating joining the pipeline system to Turkey to access better international prices.
Geopolitical relief knocks oil prices down 3%.
U.S. and Iran prepare talks in Oman as market reacts to possible diplomatic detente.
Delfin LNG pipeline explosion mobilizes authorities in Louisiana
A leak and fire on a gas line operated by Delfin LNG in Cameron Parish revives concerns about energy security in the region.
Penspen delivers record year with $500m in contract awards in 2025 – up 120% year-on-year
Chief Executive Officer, Peter O’Sullivan: “2025 stands out as one of the strongest commercial and delivery years in Penspen’s history.”
Citgo will continue to be protected by the U.S. in the face of creditor claims until March
Citgo will be able to continue operating without risk of seizure while the U.S. government analyzes the future of its ownership.
Natural gas prices fall 20% on mild weather forecast
February is expected to be warmer in the United States, triggering a plunge in natural gas prices after weeks of strong volatility.
Octopus Energy lands in China with a partnership with PCG Power
UK's Octopus Energy launches Bitong Energy in partnership with PCG Power to market renewable energy in China