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LONDON – Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the...
Enbridge said on Wednesday it will acquire Blackstone-owned Tallgrass Energy's crude oil business for $2.55-billion in cash, expanding its US liquids pipeline network by buying a majority stake in...
Australia relaxed a proposed rule on Thursday that would have forced natural gas exporters to reserve 20% of their output for the local market, instead requiring them to hold back up to a fifth of...
Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24 as intensifying conflict in the Middle East fuelled growing...
A group of Alberta landowners are going to court to argue that the province's energy regulator has chronically and knowingly underfunded a program meant to protect the public from the cost of...
Canadian oil producers Tamarack Valley and Headwater Exploration will merge in an all-stock deal valued at C$10 billion ($7.25 billion), the companies said on Tuesday. The deal would create the...
Goldman Sachs raised its Brent and West Texas Intermediate (WTI) crude oil price forecasts by $5 a barrel for December 2026 and 2027, citing an expectation that shipping disruptions in the Middle...
The Minerals Council South Africa says mining input cost inflation moderated further in July, reflecting a temporary easing in fuel and crude oil prices. The council’s mining composite input (MCI)...
Developers of shale gas in Australia's Northern Territory say they plan to replicate the liquefied natural gas (LNG) boom in the State of Queensland, but without the duplication of infrastructure...
Oil, gas and energy company TotalEnergies and oil and natural gas company Galp have completed a transaction, first announced in December 2025, through which TotalEnergies has acquired a 40%...
Pipeline operator Jemena, owned by State Grid Corporation of China and Singapore Power, plans to build a new pipeline linking Australia's Beetaloo Basin shale gas province with the country's...
Developers of Australia's Beetaloo basin sent the first gas from the project north to Darwin on Tuesday in what they hope will demonstrate steady flows that can underpin wider commercialisation of...
India's Oil and Natural Gas Corporation aims to invest one-trillion rupees ($10.51-billion) over five years for exploring its local deepwater and ultradeep water fields, chairperson AK Singh said...
A massive long-term oil deal expected to grant the US access to a fifth of Venezuela's crude reserves has energy experts and lawyers questioning its legality and eventual execution, while calling...
The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund MD Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating...
Australia's largest independent dedicated oil and gas company Woodside Energy on Tuesday abandoned a longer-term emissions target and $5-billion in planned clean energy spending by 2030 to focus on...
Hou Qijun has set out to transform Sinopec, the world's largest refiner, as it faces dwindling fuel demand, overcapacity in petrochemicals and the world's worst oil crisis, when he could be...
US refineries have operated near maximum capacity for the longest sustained period in over a quarter century,scrambling to capture windfall profits created by the Iran war. But history offers a...
Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered by Iran's blockade of the Strait of Hormuz, a letter by...
Norway will continue developing its oil and gas resources in the Barents Sea regardless of the European Union's support for a moratorium on Arctic hydrocarbon supplies, and no longer sees itself as...
Deep in Australia's Red Centre, gas is set to start flowing next month from the sprawling Beetaloo basin to Darwin 500 km (310 miles) north, in what developers hope kicks off the country's own...
Canada's biggest oil producers are targeting late 2027 for a final investment decision on their proposed six-million-tonne carbon capture and storage project, a key piece of the country's plan to...
ExxonMobil said on Monday it has awarded about $1.1-billion worth of pre-investment contracts for certain upstream equipment for the Rovuma LNG Phase 1 project in Cabo Delgado. The US oil major...
Global oil supply will fall by 4.3-million barrels per day (bpd), or around 4%, this year, the International Energy Agency (IEA) said on Wednesday, as renewed hostilities in the Middle East disrupt...
New Zealand's centre-right coalition government on Thursday granted a new energy mining permit in the onshore Taranaki region, an oil-and-gas-rich area on the country's North Island, saying it...
US natural gas supply and demand will both rise to record highs in 2026, the US Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday. The EIA projected dry gas...
Natural hydrogen explorer Max Power Mining Corporation has entered into a strategic private placement financing agreement with Canadian billionaire investor Eric Sprott for gross proceeds of...
Andy O'Brien will succeed longtime ConocoPhillips CEO Ryan Lance next month and will inherit a major Alaska oil project to complete, costs to control and a share price that has recently lagged...
Canadian Natural Resources will not move ahead with any mid- to long-term oil sands expansion projects until the details of a recently signed memorandum of understanding with the Canadian and...
ConocoPhillips said on Thursday it has completed the sale of $1.7-billion of noncore Lower 48 assets in July, helping the US oil producer reach its $5-billion asset disposition target ahead of...
Canada's largest oil and gas producer Canadian Natural Resources surpassed expectations for second-quarter profit on Thursday, benefiting from higher oil and natural gas production. Canadian oil...
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