Industry News

Shell Plc and Exxon Mobil Corp. canceled a proposed deal to sell natural gas assets in the North Sea to upstart firm Viaro Energy.

GasBuddy revealed its average U.S. gasoline price prediction for 2026.

Britain stepped up support for offshore wind in the latest subsidy auction.

The U.S. agencies announced a memorandum of understanding renewing their commitment to developing a lunar power system using fission by 2030.

Texas upstream employment and job postings declined in the fourth quarter of 2025, the Texas Independent Producers and Royalty Owners Association (TIPRO) said.

'This is a significant contribution to ensuring continued activity in the oil and gas industry', Norway Minister of Energy, Terje Aasland, said.

Uniper's generation portfolio now has 568 MWp 'in execution'.

China accounted for 54 percent of last year's record global energy storage installations and looks set to maintain its dominant position in the sector beyond the decade despite policy headwinds, WoodMac said.

The agreement extends a partnership that already saw the restart of production in the Copper Moki field in the Taranaki basin onshore New Zealand.

A group of banks including JPMorgan and Citigroup are in talks to lend natural gas producers in Argentina roughly $1 billion to build a cross-country pipeline, according to people familiar with the matter.

Trump's warnings and protests in Iran pushed crude to multi-month highs.

An oil tanker seized by Iran two years ago was released.

'The February contract netted a 24.0 cent gain yesterday - reversing Friday's 23.8 cent decline', EBW Analytics Group Energy Analyst Eli Rubin said.

Two oil tankers were attacked near the Black Sea loading terminal for the Caspian Pipeline Consortium.

'The acquired assets add over 0.8 million active horsepower across key regions, including the Northeast, Mid-Continent, Rockies, Gulf Coast and Permian Basin, creating a combined fleet of approximately 4.4 million active horsepower'.

'This is a challenging price environment for America's independent producers', IPAA President and CEO Edith Naegele said.

'The Quipungo project represents the first contracted site under Project Royal Sable, a planned 500 MW renewable energy program across three sites that will strengthen Angola's southern power grid'.

Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 5.0 million barrels for the week ending January 9.

The deal with AM Green Ammonia represents 'one of the first large-scale supply corridors between India and Europe'.

The Scarborough Energy Project offshore Western Australia is on track to start exporting LNG in the second half of 2026.