The Canadian government and Alberta have reached a carbon pricing deal that could finally move a long-discussed West Coast oil pipeline from perpetual Canadian debate into actual construction, with a start date now penciled in as early as September 2027. For Canada, this is meaningful progress. Prime Minister Mark Carney and Alberta Premier Danielle Smith […]
The oil and gas crunch caused by the war between the U.S., Israel, and Iran, has cost global businesses $25 billion, Reuters reported today, adding that the bill is going to climb higher still. The publication analyzed corporate statements issued after the war started, finding that as many as 279 companies had cited the war as a […]
Shell PLC 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.
The US Energy Information Administration warns that a prolonged closure of the world’s most critical oil chokepoint could send Brent crude to $125-$130 per barrel, with ripple effects across inflation and monetary policy.
Chinese state oil giant Sinopec is opening a major ultra-deep shale gas find after obtaining official government approval for proven geological reserves of 235.687 billion cubic meters in the Ziyang Dongfeng field in the Sichuan province.
Canada may finally be doing the thing everyone has been yelling about for the last decade: building more oil pipelines.
The Bureau of Land Management is teeing up another round of federal oil and gas leasing, with 66 parcels across Montana and North Dakota headed for auction in July as Washington continues pushing a noticeably more drill-friendly agenda.
Marius Koffi, Côte d’Ivoire operations lead for the Oilfield Engineering and Services Group (OESG), talks to The Energy Year about renewed interest in Côte d’Ivoire among global companies following high-profile offshore discoveries and growing the company into an integrated upstream services provider.
Japan’s ENEOS Holdings has agreed to acquire Chevron’s downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia for USD 2.17 billion, Eneos announced on Thursday.
President Donald Trump said Chinese President Xi Jinping supports diplomatic efforts aimed at reopening the Strait of Hormuz as ongoing disruption to Middle East shipping continues to pressure global energy markets.