Oil and Gas
Chris Wright visits Venezuela for the recovery of the oil industry
The U.S. Secretary of Energy leads the first high-level energy rapprochement in decades to reactivate the Venezuelan oil industry.
Oil and gas remain fundamental pillars of the global energy system. This category features news covering exploration activities, production developments, strategic investments, and major projects related to the hydrocarbon industry across different regions of the world.
Coverage includes new resource discoveries, expansion of production operations, partnerships between energy companies, and technological advancements supporting exploration and hydrocarbon development. News also highlights market dynamics, corporate strategies, infrastructure projects, and industry initiatives influencing the global supply of oil and natural gas.
Stories in this category reflect how the sector continues to evolve in response to energy demand, technological innovation, and the broader energy transition, while maintaining a central role in the global energy landscape.
Latest Oil and Gas News
Oil and Gas
Tensions in the Middle East boost oil prices
Brent and WTI barrels rise after U.S. warnings about security in the Strait of Hormuz.
Oil and Gas
BP suspends share buyback and focuses capital on debt and oil
BP is moving away from quarterly buybacks and redirecting its capital to debt and new oil projects such as Boomerangue in Brazil.
Oil and Gas
Equinor to increase international oil and gas production by 23% by 2030
The figure marks a clear shift to higher-yielding assets outside Norway.
Oil and Gas
IPC reports strong 2025 results and accelerates development of Blackrod project
The company expects to start production at Blackrod Phase 1 in the third quarter of 2026, one quarter ahead of schedule.
Oil and Gas
Syria begins first offshore exploration with Chevron and Qatar
The agreement establishes a non-binding framework for the exchange of technical information and preliminary assessment of offshore areas.
Oil and Gas
Vitol adjusts its oil consumption forecasts
The report highlights that decarbonization strategies have lost prominence in the recent global agenda.
Oil and Gas
U.S. announces suspension of Mexican oil shipments to Cuba
The stated objective is to support without compromising the stability of the relationship with Mexico's main trading partner.
Oil and Gas
Maxim Power Corp secures industrial capacity for its Prairie Lights project
It anticipates total expenditures of up to Cdn$60 million during 2026, which it plans to cover through available cash and operating cash flow.
Oil and Gas
Congo LNG project begins exports with the first Phase 2 shipment
The company has maintained a presence in the Republic of Congo since the late 1960s and is today the leading producer of associated gas.
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