Venezuela’s Return Won’t Dethrone Latin America’s Oil Leaders | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – Feb 06, 2026, 1:00 PM CST Argentina, Guyana, and Brazil...Continue Reading

Canadian crude markets are showing signs of oversupply as widening Western Canadian Select discounts, rising storage incentives and increased competition from Venezuela pressure oil sands producers despite expanded export capacity. SourceContinue Reading

The total number of active drilling rigs for oil and gas in the United States rose by 5 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US  to 551 this week, down 35 from this same time last year. The number of active oil...Continue Reading

TotalEnergies Pushes Deeper Into Namibia’s Offshore Oil Boom | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 06, 2026, 11:30 AM CST TotalEnergies is expanding its exploration portfolio offshore Namibia with acreage north of a block where a major oil discovery has been made, as...Continue Reading

U.S. and Iran Begin Critical Negotiations in Oman | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Feb 06, 2026, 11:00 AM CST U.S. and Iranian officials...Continue Reading

Ørsted Targets Dividend Comeback After Two Brutal Years | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 06, 2026, 10:30 AM CST Ørsted targets to reinstate dividends for the financial year 2026, the world’s largest offshore wind developer said on Friday, signaling it may have...Continue Reading

TotalEnergies has agreed to acquire a 42.5% operated interest in Namibia’s offshore PEL104 exploration license, expanding its position in the Lüderitz basin as the company advances development and appraisal activities across its growing Namibia portfolio. SourceContinue Reading

Vague Oman Talks Set Oil Up for Whiplash | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – Feb 06, 2026, 10:00 AM CST U.S.–Iran nuclear talks in...Continue Reading

Japan’s Mitsui Nears Deal to Buy Stake in Huge Qatar LNG Project | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 06, 2026, 9:30 AM CST Japan’s trading company Mitsui...Continue Reading

By Editorial Dept – Feb 06, 2026, 9:15 AM CST Oil Majors’ Shareholder Payouts Under PressureOil majors continue to publish their Q4 2025 results, with UK-based energy giant Shell joining the ranks of those that missed fourth-quarter expectations by reporting an 11% decline in profits (at $3.3 billion). Whilst Norway’s state oil firm Equinor cut its...Continue Reading