Oil and gas news | Inspenet

An oil pipeline inspection detected a leak on Waha Oil’s Zaqout-Sidra line in Libya, with pumping restored after the incident was brought under control.

Oil and Gas

Rovuma LNG moves towards its FID after Saipem’s agreement with ExxonMobil

Moises Carrasquero · August 10, 2026

Rovuma LNG is moving towards its FID with preliminary work by Saipem for the US$30 billion project in Mozambique.

Oil and Gas

DOE Keeps $215.5 Million Available in Oil and Gas Funding

Antonio Zavarce · August 10, 2026

DOE keeps $215.5 million in oil and gas funding available through two programs supporting production, infrastructure, recovery, and produced water technologies.

Oil and Gas

Peter Zebedee will become CEO of Suncor following Rich Kruger’s departure

Moises Carrasquero · August 9, 2026

Peter Zebedee will take over as CEO of Suncor Energy in April 2027 with the backing of Elliott Investment Management.

Oil and Gas

Canadian LNG gains strategic value amid Middle East supply risks

Antonio Zavarce · August 9, 2026

Canadian LNG is gaining unexpected strategic value in the international market. Middle Eastern buyers have begun exploring cargoes from Canada as an alternative to…

Oil and Gas

ConocoPhillips doubles profits while advancing in Iraq, Syria, and LNG

Antonio Zavarce · August 9, 2026

ConocoPhillips doubled its second-quarter 2026 profits while advancing in Iraq and Syria and strengthening its position in the global LNG market.

Oil and Gas

Xodus expands its role in oil decommissioning in Australia

Moises Carrasquero · August 8, 2026

Xodus will support the next phases of the Northern Endeavour oil decommissioning and the removal of underwater infrastructure in Australia.

Oil and Gas

Uniper secures Canadian LNG for Germany for 20 years

Moises Carrasquero · August 8, 2026

Uniper secures 2 million tons of Canadian LNG annually through a supply agreement of up to 20 years.

Oil and Gas

Calypso gas project comes under bp’s full control in Trinidad

Antonio Zavarce · August 7, 2026

bp will take full control of the Calypso gas project after acquiring Woodside’s stake, strengthening its position in Trinidad and Tobago’s natural gas market.

Oil and Gas

Gulf oil exports remain stable, below previous level

Marcos Medina · August 6, 2026

Gulf crude exports remained stable in July, although they continue to be affected by geopolitical tensions and restrictions on strategic shipping routes.