Canadian heavy crude prices weakened after the Trump administration said it would market Venezuelan oil globally, raising concerns about renewed competition for US Gulf Coast refiners and wider heavy crude price discounts. SourceContinue Reading

Lower oil prices reduced Exxon’s fourth-quarter results by up to $1.2 billion, partially offset by stronger refining margins, as the supermajor becomes the first to flag earnings pressure ahead of reporting season. SourceContinue Reading

Equinor has awarded ABL a marine warranty survey contract for Phase 2 of Norway’s Northern Lights CCS project, supporting the expansion of CO₂ transport and storage capacity to meet rising European demand. SourceContinue Reading

Siemens and NVIDIA expanded their industrial AI partnership at CES 2026, unveiling new digital twin and AI tools aimed at improving lifecycle efficiency across energy and infrastructure assets. SourceContinue Reading

Keely Pearce’s appointment as Vice President, Operations adds a veteran offshore voice to Eco Atlantic, drawing on her previous experience at Shell plc and Impact Oil & Gas to guide appraisal-well planning across Guyana, Namibia and South Africa. SourceContinue Reading

Murphy Oil’s HSV-2X appraisal in Block 15-2/17 offshore Vietnam encountered 429 ft of net oil pay and deepened the hydrocarbon column without water, strengthening the field’s high-case resource outlook as further appraisal continues. SourceContinue Reading

U.S. Energy Secretary Chris Wright says the United States will control Venezuelan oil exports indefinitely, using sales revenue to support economic rebuilding and leverage reforms. SourceContinue Reading

Energy NL has announced the passing of Bob Cadigan, its CEO from 2008 to 2017, remembering his advocacy for offshore Newfoundland and Labrador suppliers and his drive to expand local expertise into global markets. SourceContinue Reading

ADNOC has taken final investment decision for the SARB Deep Gas Development in the Ghasha concession, aiming at 200 MMscf/d via Das Island tie-backs and remote platform operations later this decade. SourceContinue Reading

Analysts at Australia and New Zealand Banking Group Ltd. (ANZ) caution that meaningful growth in Venezuela’s oil production is unlikely before the end of the decade, as capital intensity, aging infrastructure and sanctions risk point to longer project timelines than the industry norm. SourceContinue Reading