Oil and Gas
OPEC+ cuts its 2026 oil demand forecast and increases production
OPEC+ is increasing production while cutting its demand growth forecasts for 2026.
Latest Oil and Gas News
Oil and Gas
China Accelerates Coal-to-Oil Conversion to Strengthen Energy Security
The Strait of Hormuz crisis accelerated the energy substitution strategy in Inner Mongolia.
Oil and Gas
Shell Pauses Buyback for ARC Resources Acquisition
The transaction consolidates Shell's position in Canadian natural gas and LNG.
Oil and Gas
Iraq requests extension of Kirkuk-Ceyhan pipeline agreement
The reopening of the pipeline, which has been paralyzed since 2023, would add up to 450,000 bpd to the global market from northern Iraq.
Oil and Gas
Equinor advances Johan Sverdrup Phase 4 with new oil resources
New discoveries strengthen the future of Norway’s largest oil field, in the Tonjer and Geitungen reservoirs at Johan Sverdrup.
Oil and Gas
The US, Greece, Cyprus and Israel create an energy hub in Houston
The US, Greece, Cyprus and Israel create an energy hub to promote cooperation, infrastructure and regional energy security.
Oil and Gas
Brent drops 4% as Hormuz reopens after US-Iran deal
The reopening of Hormuz removes the physical restriction that had kept markets on high alert for over three months.
Oil and Gas
Shell Loran: License for 7 TCF of Offshore Gas
Shell Loran receives a license to develop an offshore field with estimated reserves of 7 TCF of gas, strengthening energy activity in Venezuela and…
Oil and Gas
Strait of Hormuz Reopens, Reactivating Oil Flow
The reopening of the Strait of Hormuz restores one of the world's most important energy routes and reduces pressure on global supply.
New Energies
MNZ Peak Cluster achieves crucial breakthrough for CO₂ storage in the UK
The MNZ Peak Cluster project is advancing towards geological CO₂ storage to reduce industrial emissions in the UK.
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