The daily business of oil and gas in America — deals, drilling, prices and the policy that moves them.
Calgary’s Logan Energy Corp. (TSXV: LGN) just had its best quarter ever. The company announced August 11 that Q2 2026 output averaged 17,239 barrels of oil…
In Oyigbo the air stops people at their own front doors. A sulfurous wall rolls off the nearby oil facility before the town is fully awake.…
U.S. Energy Secretary Chris Wright announced that the federal government will unveil measures within days to help American refiners increase fuel output, as gasoline prices top…
Five energy companies announced Monday they’ve cleared the final investment hurdle to build the Solitude Pipeline System — two parallel 48-inch natural gas pipelines running from…
Norwegian energy company Equinor ASA announced Monday it’s buying an 87.71 percent stake in the Lackawanna Energy Center — a 1,483-megawatt combined-cycle gas turbine plant in…
Kitimat sits at the head of a long fjord in northwest British Columbia, ringed by mountains that hold weather in like a bowl. On the worst…
More than 500,000 barrels of Venezuelan oil per day — roughly half the country’s total output — are now flowing to American refineries, a senior U.S.…
On the Atlantic coast of Río Negro a wide bay opens onto open ocean, and almost nothing has been built on it. No pier. No jetty. No…
NextEra Energy has locked in an initial $3.3 billion in funding after signing definitive agreements with the U.S. Department of Commerce and the Government of Japan…
NextEra Energy announced on August 12 that it has executed definitive agreements with the U.S. Department of Commerce and the Government of Japan to fund the…
Outside Hoima in western Uganda, a length of steel pipe reaches the trench wrapped in something most pipelines never carry. Coiled along its full length is…
Calgary-based Bonterra Energy Corp. reported its strongest quarterly output on record on August 11, 2026, with production averaging 16,828 barrels of oil equivalent per day in…
Every day in the Permian Basin, the oil comes up carrying an uninvited passenger. For every barrel of crude that leaves a West Texas wellhead, roughly…
Calgary-based Lycos Energy Inc. (TSXV: LCX) flipped from a C$54.6 million net loss to a C$3.5 million net income in Q2 2026. The company dropped its…
In the winter of 2018, letters arrived at a handful of ranches in McKenzie County, North Dakota, and the message in each envelope was the same.…
Egypt’s South Valley Egyptian Petroleum Holding Company is preparing to award seven new oil and gas exploration blocks—six in southern Egypt and one in the Red…
ExxonMobil Moçambique Limitada, acting on behalf of the Area 4 partners, has awarded McDermott Energy Solutions (UK) Ltd. a letter of intent for limited engineering and…
Viridien has kicked off Phase I of the Guyana Shallow Water 3D seismic survey — a major multi-client acquisition and imaging program offshore Guyana. The initiative…
Kelt Exploration Ltd. (TSX: KEL) just broke its own record. In Q2 2026, the Calgary-based producer averaged 50,388 barrels of oil equivalent per day—a 30% jump…
The Permian Basin sits roughly 1,200 miles from the nearest Pacific shoreline. Gas moves fast when the economics are right. And right now, the economics point…
Saudi Aramco produced 9.5 million barrels of oil equivalent per day in Q2 2026. That’s down sharply from 12.614 million in Q1 2026 and 12.780 million…
Tourmaline Oil Corp. (TSX: TOU), Canada’s largest natural gas producer, just got the green light from the Toronto Stock Exchange to renew its normal course issuer…
Although the clean energy transition is now fully underway, natural gas and oil-producing companies are still pursuing captivating projects. The United States is the largest natural…
ConocoPhillips announced Thursday it has completed $1.7 billion in noncore Lower 48 asset sales—a transaction that pushed the U.S. oil producer past its $5 billion asset…
A wide, flat waterway runs along the Texas-Louisiana border where the Sabine River drains into the Gulf of Mexico, and for most of the past decade…
Offshore energy operators are quietly swapping out fixed platforms and manual storage methods for a new generation of intelligent vessels. Floating Storage and Offloading units—along with…
Calgary-based Lycos Energy Inc. closed three concurrent transactions on August 6, simultaneously completing a $70 million CAD ($50.9 million USD) acquisition of Sparky formation waterflood assets…
Serica Energy nearly doubled its production in the first half of 2026, averaging 44,700 barrels of oil equivalent per day—up from 24,700 boepd in the same…
There is an increased number of companies that are making an effort to purchase other entities in an attempt to strengthen their capability to execute energy…
BP announced Thursday it has agreed to acquire Woodside Energy Group’s 70 percent operating stake in the Calypso deepwater gas field offshore Trinidad and Tobago—a deal…
Something enormous lies on the floor of the Gulf of Mexico, and most people driving past a Pemex gas station have no idea it exists. It…
Something about the Gulf never quite gives itself up easily. Its surface looks flat and ordinary from a passing vessel, a sheet of green water between…
Near Squamish, B.C., construction crews are still building Woodfibre LNG—and yet, almost every week, someone is already calling to ask if there’s room in the project’s…
SpaceX isn’t waiting on the Texas grid to power its next big bet. At a public meeting in Grimes County on Wednesday, Riley Trettel, SpaceX’s director…
Murphy Oil Corp pulled in $225.8 million in adjusted net income for Q2 2026—nearly six times the $37.9 million it posted in the same quarter a…
Harbour Energy posted record production of 509,000 barrels of oil equivalent per day in the first half of 2026—a 4% increase over the same period a…
The UK’s North Sea Transition Authority has approved a six-month extension to the second term of Jersey Oil & Gas’s P2170 Verbier license, pushing its deadline…
Canadian Natural Resources posted adjusted earnings of C$2.19 per share for the second quarter ended June 30, beating the analyst consensus of C$1.90, according to LSEG…
Every time a pump jack nods in West Texas, something besides oil comes up. Salty, dark, and fouled with trace metals and hydrocarbons, it has spent…
Every few seconds, somewhere above an oil field, a gas flame tears open the sky. It has no owner, no buyer, no destination. It simply burns,…
Saudi Aramco set its official selling price for Arab Light crude to Asia at $2 a barrel below the Oman/Dubai average for September—the lowest level since…
Japan Petroleum Exploration Co. (Japex) has agreed to acquire U.S. tight oil and gas assets from the Fundare companies for $320 million, with the deal expected…
The check arrived every month, same as always, slipped into a mailbox at the end of a gravel road in the Arkansas hill country. But starting…
Saudi Aramco cut its Arab Light crude price for Asian customers by 50 cents per barrel on August 6, setting the September delivery price at $2…
Energy companies that achieve the most success and generate tremendous revenue are able to offer a variety of services that put them in line to spearhead…
Calgary-based Paramount Resources (TSX: POU) reported its second-quarter 2026 results on August 6, posting sales volumes of 47,279 Boe/d and adjusted funds flow of CAD $176…
Every ten seconds, without pause, a ship fires a cannon into the sea. No projectile, no smoke, just a compressed burst of air so powerful it…
China, the world’s largest crude oil importer, sharply pulled back on purchases in the second quarter of 2026—averaging just 8.1 million barrels per day, a 32%…
With Artificial Intelligence growing at an unprecedented rate, it is impossible to predict where the energy industry is headed. Additionally, the areas that demand the most…
PTTEP reported a net income of THB 39,032 million (USD 1,209 million) for the first half of 2026, as total revenue reached THB 176,756 million ($5.495…
