Industry News

The $950-million acquisition involves a production of about 250 million cubic feet equivalent a day.

'There is room for further upside', SEB Commodities Analyst Ole R. Hvalbye said.

Russia's oil producers reduced the pace of drilling in 2025 to the lowest level in three years, dimming the outlook for output growth this year as Western sanctions and a strong ruble undercut revenue.

Occidental has 'strengthened the balance sheet with the completion of the OxyChem sale on January 2, 2026, reducing debt by $5.8 billion since mid-December 2025 and bringing principal debt to date to $15 billion', the oil and gas producer said.

Oil prices surged as traders reacted to rising Iran conflict risks.

The Trump administration's primary interest in Greenland is on national security, not the development of its rare earths or energy resources, according to U.S. Energy Secretary Chris Wright.

Which U.S. oil major produced the most in 2025 - ExxonMobil, Chevron, or ConocoPhillips?

The U.S. renewed threats to quit the International Energy Agency.

'This transaction marks a significant milestone by focusing our portfolio, delivering on our debt target and unlocking increased returns to our shareholders', said CEO Brendan McCracken.

The company revealed that it will 'focus the bulk of its capital expanding its high-quality inventory in the Permian Basin'.

The transaction, involving about 81 square miles on Louisiana's side of the shale gas basin, included an upfront investment of $1.5 billion by the Japanese company.

Macquarie strategists projected that U.S. crude inventories will be up by 5.4 million barrels for the week ending February 13.

The Delaware-basin focused oil and gas producer logged $0.82 in net earnings per share adjusted for extraordinary or nonrecurring items, beating the Zacks Consensus Estimate of $0.81 per share.

The layoffs will include short-term staff and contractors as major projects are completed and the company pursues cost savings, CEO Kevin Gallagher said.

The Australian LNG-focused said its proven and probable reserves grew last year, with three billion barrels of oil equivalent remaining at yearend.

WTI slipped near $62 while markets weighed Iran and global supply signals.

The most extensive sea ice in 15 years around Russia's key Baltic Sea commodity ports could curb a chunk of the nation's vast exports program.

EBW Analytics Group Energy Analyst Eli Rubin warned that 'bearish' medium-term NYMEX gas risks are 'growing into the Spring'.

The Australasian Center for Corporate Responsibility lost a landmark case before Australia's Federal Court in which it accused Santos of deceptive climate claims.

Saudi Arabia's crude sales to top importer China for loading in March rose.