Iran signaled that no immediate agreement has been reached on a U.S.-backed plan to reopen the Strait of Hormuz, pushing back on President Donald Trump’s timeline as negotiations continue and renewed Israel-Hezbollah tensions add fresh uncertainty to global oil markets. SourceContinue Reading
Iran signaled that no agreement to reopen the Strait of Hormuz will be finalized by President Donald Trump’s proposed Sunday deadline, as negotiations continue amid renewed tensions involving Israel, Lebanon and Hezbollah. SourceContinue Reading
The U.S. has sanctioned Cuba’s state-owned oil company, Cupet, adding new uncertainty to fuel supply efforts as the island grapples with ongoing energy shortages and constrained petroleum imports. SourceContinue Reading
Shell is reportedly preparing the sale of its offshore wind portfolio in a deal that could exceed $1 billion, as the company continues to streamline its portfolio and focus investment on higher-return energy projects. SourceContinue Reading
The Texas Railroad Commission has begun plugging six leaking orphaned gas wells in Baffin Bay, expanding state remediation efforts using emergency funding aimed at addressing high-priority environmental and safety risks. SourceContinue Reading
ExxonMobil is reportedly evaluating potential acquisition opportunities in the LNG sector, including Australia’s Woodside Energy, as the company seeks to expand its presence in global gas markets and strengthen access to Asian LNG demand. SourceContinue Reading
More than 38,000 attendees from over 100 countries gathered in Calgary for Global Energy Show Canada 2026, where industry leaders focused on energy security, LNG growth, infrastructure investment and Canada’s role in meeting rising global energy demand. SourceContinue Reading
Canada’s energy industry could require 72,600 new hires by 2035 as more than 54,000 workers reach retirement eligibility, with labor shortages projected to emerge as early as 2027 in drilling, field operations, engineering and skilled trades. SourceContinue Reading
Tenaris has manufactured the largest BlueCoil coiled tubing string in its history, delivering an 88-metric-ton string for CUDD Pressure Control to support extended-reach completion operations in deeper and longer horizontal wells. SourceContinue Reading
Oil prices fell nearly 4% after President Trump abruptly canceled planned strikes against Iran and signaled progress toward a potential agreement, easing immediate concerns over Kharg Island and Persian Gulf oil exports. SourceContinue Reading
