Chevron to Double Venezuela Rig Count in $7 Billion Oil Push
Chevron plans to double the number of drilling rigs it operates in Venezuela under a five-year expansion that targets roughly 600,000 barrels per day of …
Read Full ArticleU.S.-Saudi Nuclear Deal Clears Vienna Hurdle As Congress Review Continues
A planned nuclear cooperation deal between the United States and Saudi Arabia won't include the toughest inspection regime the U.N.'s atomic watchdog has to offer, …
Read Full ArticleCanada’s Oil Pivot to Asia Is Starting to Materialize
Canada’s Trans Mountain pipeline hit full capacity for the first time in June, and the company running it already has another 300,000 barrels per day …
Read Full ArticleUganda Set to Become World's Newest Oil Exporter in Early 2027
The global list of crude oil exporters will expand with Uganda early next year as the African country is moving closer to first oil from …
Read Full ArticleOil Prices Are Once Again on the Brink of $100
Oil prices surge toward $100 as Houthi attacks, U.S. strikes on Iranian tankers and renewed Middle East tensions rattle markets. Europe’s Gas Prices Surge as …
Read Full ArticleDutch TTF Gas Jumps 2% as Winter Storage Race Heats Up
Europe’s benchmark natural gas prices jumped on Tuesday morning in Amsterdam as the Middle East crisis remains a major supply shock amid the European race …
Read Full Article$100 Brent Looms as China’s Oil Buying Rebounds
One of the reasons why the price of oil failed to soar during the "actively kinetic" phase of the Iran war, when shipments through Hormuz …
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Tamarack Valley, Headwater Exploration agree $7.2bn all-stock merger
Tamarack Valley Energy and Headwater Exploration have agreed to combine in an all-stock transaction valued at $7.25bn, creating a Clearwater-focused oil producer.
Read Full ArticleOil Tankers Flood Back Into Suez Canal As Red Sea Risk Grows
Suez Canal's revenue jumped by 42% in July from the same month last year as the number of oil tankers passing through the Egyptian gateway …
Read Full ArticleGulf Producers Find Workarounds As Hormuz Tensions Persist
Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the …
Read Full ArticleVitol CEO: Global Fuel Markets Are "Tight and Inflexible"
Global fuel markets are very tight and inflexible, despite the higher flows out of the Persian Gulf in recent weeks, Russell Hardy, chief executive of …
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Yara inaugurates Europe’s largest carbon capture facility at Sluiskil
Yara has opened an industrial carbon capture facility at Sluiskil, capable of capturing and liquefying up to 800,000 tonnes of CO2 annually.
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