Iran, USA Brace for Long War
Iran and the U.S. are digging in for a protracted war.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
United States on track for record crude oil production in 2026
We forecast U.S. crude oil production will average 13.8 million barrels per day (b/d) in 2026, surpassing the previous record of 13.7 million b/d set in 2025, in our latest Short-Term Energy Outlook (STEO).
Read MessageTotalEnergies fast-tracks Angola oil discovery to first production in three months
TotalEnergies is fast-tracking its Acacia-5 oil discovery offshore Angola to first production just three months after discovery, while adding two operated exploration blocks in the Lower Congo basin.
Read MessageMcDermott Wins Contract for Eni's Cronos Project offshore Cyprus
The Houston-based company received a 'substantial' contract from Eni for Cyprus' first hydrocarbon development.
Read MessageWealthy investors seek oil and gas assets, but bargains are scarce
The Iran war and the AI boom have created a crowded market for mineral rights and other energy assets.
Read MessageEU Faces Worst Gas Storage Position in Decades, WoodMac Says
Wood Mackenzie warned that Europe faces its 'weakest' winter gas storage position for nearly two decades.
Read MessageTotalEnergies Makes New Discovery offshore Angola
TotalEnergies announced a discovery in Block 17 off Angola's Atlantic coast, which it expects to put into production this quarter.
Read MessageOil Closes at Highest Level in 4 Months
The Brent oil price closed at $101.21 per barrel on Wednesday.
Read MessageIran Says Ready for Escalation after Trump Warning
'The war is going to end immediately after the election because they can't hold out any longer', Trump said.
Read MessageOil extends gains, with Brent above $101 after U.S. destroys Iranian oil tankers
Worries that escalating tensions in the Middle East could further exacerbate supply disruptions pushed oil prices higher.
Read MessageCanadian pipeline expansions could unlock 2–3 MMbpd of oil production growth
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.
Read MessageCanada’s largest carbon capture project set to start operations in January
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.
Read MessageMexico Slashes Pemex Aid by 70 Pct in Budget
Mexico's government aims to reduce financial support for state-owned oil company Pemex's debt payments to $4.8 billion in 2027.
Read MessageOil Surges as Attacks Escalate
Brent reached $101 as Middle East disruptions, falling inventories and renewed Chinese buying tightened markets.
Read MessageRoyale Energy advances Permian drilling with 10th well, targets 70-plus locations
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.
Read MessageArgent LNG, Albania sign MoU for 5-MMtpa LNG terminal
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.
Read MessageTrump says oil and gas prices won't fall until 'right after' midterm election
President Donald Trump said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections.
Read MessageSaipem wins FPU commissioning contract for Türkiye’s Sakarya gas field
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.
Read MessageKorea Picks $22B Gas Project as First in USA Trade Deal
South Korea has identified a gas-fired power project in Texas as the first U.S. investment under a trade deal agreed last year, local media reported.
Read MessageUSA Oil, Gas Workforce Figures Buck Trend
The number of employees in the oil and gas extraction industry rose month on month, bucking a trend, data on the U.S. Bureau of Labor Statistics website showed.
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