A nascent recovery in Chinese oil demand has begun to falter, as continued fighting in the Middle East and limited Iranian supply keep crude prices too high for private refiners, prompting some analysts to trim forecasts for the coming months.
Petróleo Brasileiro SA (Petrobras) has agreed to buy 0.8 million metric tons per annum (MMtpa) of liquefied natural gas (LNG) from Cheniere Energy Inc for 22 years.
Iraq’s state oil marketer offered buyers contractual crude supplies for October at discounts of as much as $37 a barrel to regional benchmarks, according to a document obtained by Bloomberg.
Atlantic Petroleum has submitted an application for a new exploration and production license in the Faroe Islands under the country’s Open Door Licensing Regime.
The Railroad Commission of Texas (RRC) plugged a record 2,022 orphaned oil and gas wells during fiscal year 2026, exceeding the performance target set by the Texas Legislature by 300 wells, or 18.9%.
U.S. oil and gas activity continued to expand in the third quarter of 2026, with exploration and production companies reporting higher oil and natural gas output despite elevated costs and longer supplier delivery times, according to the Federal Reserve Bank of Dallas Energy Survey.
Canada, Alberta and five major oil sands producers are advancing a framework that links future production growth and expanded export capacity with the Pathways carbon capture and storage (CCS) project and broader emissions reductions.
Imperial Oil chief executive John Whelan has stated his opposition to Alberta separatism, making this the first major energy company in the province to take a public position on the movement, Financial Post reported, citing Bloomberg.
Countries in Southeast Asia are still building natural gas-fired power plants despite the price inflation in gas caused by the Middle East war. Asian countries are also building more LNG import capacity
Shell PLC said Tuesday it had completed the sale of its stake in the BP PLC-operated Na Kika, a 50:50 joint venture that is Shell’s only non-operated platform in the Gulf of America