Brent crude settled above $101/bbl as escalating U.S.-Iran tanker attacks, renewed Chinese crude buying and declining global inventories heightened concerns over Middle East oil supplies. SourceContinue Reading
Mexico’s proposed 2027 budget cuts financial support for Pemex by nearly 70% to $4.8 billion as the state oil producer targets financial self-sufficiency and 1.8 MMbpd of oil production. SourceContinue Reading
New and expanded pipeline routes could accommodate 2–3 MMbpd of Western Canadian oil growth into the late 2030s, as takeaway capacity increasingly moves ahead of producer needs. SourceContinue Reading
Enhance Energy’s Origins CCS Hub in Alberta is set to begin operations in January with capacity to store up to 1.5 million metric tons of CO₂ annually, making it Canada’s largest CCS project. SourceContinue Reading
Royale Energy is completing its 10th Permian well after nine producers met or exceeded the company’s type curve, with more than 70 additional Barnett and Woodford drilling locations identified across its acreage. SourceContinue Reading
Argent LNG and Albania will evaluate a 5-MMtpa LNG import terminal designed to connect with regional pipelines and deliver U.S.-sourced gas across the Western Balkans and Southeastern Europe. SourceContinue Reading
Saipem has secured a contract from GOE Petrol Sanayi to provide commissioning services for the Osman Gazi FPU at Türkiye’s deepwater Sakarya gas field in the Black Sea. SourceContinue Reading
Brent crude topped $100/bbl for the first time since July after the U.S. destroyed five Iranian tankers, adding fresh supply concerns as Chinese crude buying rebounds and global inventories decline. SourceContinue Reading
Tulcan Energy has secured PPL 2008 offshore Nigeria, marking its entry into deepwater exploration as the company expands its upstream portfolio following the country’s 2024 Licensing Round. SourceContinue Reading
SLB and Shearwater have launched a 3D seismic survey offshore Amapá as exploration interest grows across Brazil’s Equatorial Margin following the recent Morpho hydrocarbon discovery. SourceContinue Reading
