The latest oil and gas news from around the world.
Updated: 20 min 13 sec ago
Canada Strikes Deal to Start Building Oil Pipeline in 2027
Canada and Alberta reached a carbon pricing deal that opens the way for construction of a new oil pipeline starting as early as 2027.
USA Upstream M&A Hit $38B in Q1
U.S. upstream mergers and acquisitions hit $38 billion in the first quarter of this year before volatility 'pause[d]… the market', Enverus Intelligence Research noted.
US DOE Awards Over $94MM to Light Water SMR Advancement Projects
The Department of Energy awarded 8 projects a total of more than $94 million to support site permitting and supply chain development efforts for light water small modular reactors.
Santos, Repsol Start Oil Production at Alaska Project
'At plateau, production from the asset will be equivalent to 19 percent of Alaska's current output, delivering the first significant new crude volumes to the state in decades'.
EIA Sees Oil Deficit Widening in 2026
The U.S. Energy Information Administration has widened its global oil deficit projection for 2026.
Eni Completes Investment in Canadian Battery Feedstock Project
The commitment from the Italian state-backed energy major is part of a $213.16 million capital raise via private placement for phase 2 of NMG's Matawinie Mine project in Canada.
Uniper Issues Call for Capacity Allocation at German Hydrogen Terminal
The terminal is designed to receive up to 2.6 million metric tons a year of ammonia, enough to produce about 350,000 metric tons per annum of hydrogen, according to the German power and gas utility.
No Deal In Sight to End Iran War
Iran's semi-official Fars news agency said the U.S had set 5 main conditions for a peace deal, including transferring uranium tied to Iran's nuclear program to the U.S.
Brazil Tops Shell Payments to Governments in 2025
Shell remitted a total of $23.84 billion to governments in 24 countries where the British energy giant has upstream activities last year, with Brazil displacing Nigeria as top recipient at $4.25 billion.
