Industry News

'With the acquisition now complete, Williams has established a premier Haynesville position that strengthens our ability to serve rapidly growing LNG, power and industrial demand along the Gulf Coast'.

Venezuela's exit from the OPEC group is 'structurally likely' but not for now, Kpler Senior Commodity Analyst Homayoun Falakshahi outlined in a market update.

GeoPark expects net production of about 400 million barrels from the redevelopment of the Bare Block, which currently produces around 11,000 barrels per day gross.

Ukraine says it hit oil processing plants in Russia's Perm region and Tatarstan overnight.

The South Korean shipbuilder will deliver the dual-fuel Panamax VLGCs in 2030.

The U.S.-Venezuela oil deal is a long-term project, not a near-term U.S. Strategic Petroleum Reserve filler, Emily Ashford, Standard Chartered Bank's Head of Energy Research, said.

TotalEnergies said the transfer, which also involves a farm-down by the French majority owner, will help bring the project closer to a final investment decision.

A statement posted on OPEC's website on Sunday revealed Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman's production plan for October.

The agreement, which the two countries have been negotiating for weeks, is in the final stages and will include details on a temporary safe route through the crucial waterway, Foreign Ministry Spokesman Esmail Baghaei told reporters.

Equinor said the 200-mWh Citrus Flatts battery energy storage facility in Harlingen, Texas is now online.

Russia's oil revenue slumped to a six-month low in August.

Oil ended a volatile week 9.7% higher as renewed US-Iran fighting kept Hormuz supply risks elevated.

U.S. retail diesel rose to a record.

Crude oil stocks, not including the SPR, stood at 424.5 million barrels on August 28, the EIA's latest weekly petroleum status report showed.

Eni secured a 25-year agreement with state-owned PdVSA to relaunch activities at the Junin-5 heavy oilfield in the Orinoco Belt.

The London-based company, whose production comes from the UK's side of the North Sea and Southeast Asia, reported a net loss of $24.83 million for H1 2026, improving from -$39.94 million for H1 2025 on higher production and higher oil prices.

The world's second-largest ocean hasn't been this docile since 1941.

EIR director Andy McConn said 'Vaca Muerta's growth potential and low-cost competitiveness are a rare combination in today's upstream market'.

Shell completed its acquisition of ARC Resources, a leading producer in Canada's Montney shale, for around $16.5 billion including assumed debt.

Analysts at BMI revealed that their base case still assumes a preliminary agreement to reopen the Strait of Hormuz by the end of the third quarter.