News
Tensions in the Middle East boost oil prices
Brent and WTI barrels rise after U.S. warnings about security in the Strait of Hormuz.
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BP suspends share buyback and focuses capital on debt and oil
BP is moving away from quarterly buybacks and redirecting its capital to debt and new oil projects such as Boomerangue in Brazil.
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Equinor to increase international oil and gas production by 23% by 2030
The figure marks a clear shift to higher-yielding assets outside Norway.
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IPC reports strong 2025 results and accelerates development of Blackrod project
The company expects to start production at Blackrod Phase 1 in the third quarter of 2026, one quarter ahead of schedule.
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Syria begins first offshore exploration with Chevron and Qatar
The agreement establishes a non-binding framework for the exchange of technical information and preliminary assessment of offshore areas.
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Vitol adjusts its oil consumption forecasts
The report highlights that decarbonization strategies have lost prominence in the recent global agenda.
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U.S. announces suspension of Mexican oil shipments to Cuba
The stated objective is to support without compromising the stability of the relationship with Mexico's main trading partner.
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Maxim Power Corp secures industrial capacity for its Prairie Lights project
It anticipates total expenditures of up to Cdn$60 million during 2026, which it plans to cover through available cash and operating cash flow.
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Congo LNG project begins exports with the first Phase 2 shipment
The company has maintained a presence in the Republic of Congo since the late 1960s and is today the leading producer of associated gas.
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New Zealand moves ahead with LNG imports to improve energy security
The government has shortlisted proposals and is moving towards commercial contracting, with the goal of signing agreements by mid-2026.
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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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Perenco installs Kombi 2 platform in Congo to boost KLL field
Kombi 2 facility will allow drilling six new wells in 2026 and increase the operational efficiency of the KLL field in Congo.