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Oil & Gas

An oil rig
IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows
Updated 4 hours ago By: Reuters

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 tanks
Canada's Enbridge to buy Tallgrass crude oil business for $2.55bn
10th September 2026 By: Reuters

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... 


Santos GLNG project, in Australia
Australia softens gas reserve rule for LNG exporters
10th September 2026 By: Reuters

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... 


An oil tanker at sea near an offshore oil rig
Brent crude rises above $100 a barrel as Middle East conflict escalates
9th September 2026 By: Reuters

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... 


Oil well in Alberta
Alberta landowners take regulator to court over oil well cleanup
9th September 2026 By: Reuters

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... 


Tamarack Valley infrastructure
Tamarack Valley, Headwater Exploration agree $7.2bn all-stock merger
8th September 2026 By: Reuters

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... 


Diesel dripping
Goldman Sachs raises oil price forecasts on prolonged Mideast shipping risks
8th September 2026 By: Reuters

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... 


Mining input cost inflation slows, but risks to the outlook remain
Mining input cost inflation slows, but risks to the outlook remain
4th September 2026 By: Sabrina Jardim

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)... 


A shale gas project in Australia
Australia's shale players say they've learnt from mistakes made in the LNG boom
4th September 2026 By: Reuters

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... 


TotalEnergies completes its entry as operator of Namibia licence
TotalEnergies completes its entry as operator of Namibia licence
3rd September 2026 By: Sabrina Jardim

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
Jemena plans new pipeline for Australia's Beetaloo Basin shale gas province
3rd September 2026 By: Reuters

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... 


Australia's Beetaloo Basin
Australia's new shale basin Beetaloo sends first gas to market
1st September 2026 By: Reuters

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... 


Oil and gas infrastructure in India
India's ONGC to invest 1trn rupees for deepwater exploration, says chairman
1st September 2026 By: Reuters

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... 


Crude oil
Experts, lawyers puzzled over US-Venezuela oil deal, call for contract transparency
31st August 2026 By: Reuters

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... 


IMF MD Kristalina Georgieva
IMF's Georgieva says global economy weathering energy shock, sees fiscal concerns
26th August 2026 By: Reuters

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... 


Woodside Energy CEO Liz Westcott
Woodside scraps clean energy target, posts 7% first-half profit rise
25th August 2026 By: Reuters

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... 


Sinopec stand
New Sinopec boss presses reset for world's biggest oil refiner
25th August 2026 By: Reuters

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... 


Crude oil
US refiners face historic stress test as global crisis looms, Reuters columnist says
24th August 2026 By: Reuters

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... 


EU flag
Six countries want EU talks in September on taxing windfall profits of oil companies
24th August 2026 By: Reuters

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 Energy Minister Terje Aasland
Norway will drill in Arctic regardless of EU's position, says energy minister
24th August 2026 By: Reuters

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... 


Beetaloo shale gas project in Australia
First gas from Australia's Beetaloo puts shale ambition to the test
21st August 2026 By: Reuters

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... 


Oil rig
Canada's oil producers target late 2027 for Pathways carbon capture decision
19th August 2026 By: Reuters

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... 


Mozambique flag
ExxonMobil awards $1.1bn in contracts for Mozambique's Rovuma LNG project
18th August 2026 By: Reuters

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... 


Oil rig
Global 2026 oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA says
13th August 2026 By: Reuters

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... 


Matahio NZ Onshore operation in New Zealand
New Zealand grants new energy mining permit in the Taranaki Basin
13th August 2026 By: Reuters

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... 


Natural gas infrastructure
US natural gas output, demand to hit record highs in 2026, EIA says
12th August 2026 By: Reuters

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... 


Eric Sprott
Max Power garners more investment from major shareholder Sprott
11th August 2026 By: Marleny Arnoldi

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... 


ConocoPhillips' Willow project in Alaska
New ConocoPhillips CEO inherits $7bn cash flow pledge riding on Alaska oil project
11th August 2026 By: Reuters

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 oil sands extraction
Canadian Natural says oil sands expansions paused until government agreements finalized
7th August 2026 By: Reuters

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' Australia Pacific LNG operation
ConocoPhillips completes $1.7bn asset sale, hits divestiture target early
6th August 2026 By: Reuters

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... 


Canadian Natural Resources' Kirby oil sands operation
Canadian Natural Resources beats quarterly profit estimates
6th August 2026 By: Reuters

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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