OPEC Says it Welcomes Decision Approved by CNPE
'The decision ... formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation between oil producing countries', OPEC highlighted.
Obsidian Energy to Sell Pembina Assets to InPlay for $224.7MM
The Pembina assets include 498 net sections of land in the Pembina area of Central Alberta, including associated facilities and gathering systems.
Centrica Bags Contract to Provide LNG to Petrobras
The contract between the two companies is for the purchase of 0.8 million tons per annum (mtpa) of LNG for 15 years, beginning in 2027.
Elixir Charts Mongolia Exit
Elixir signed agreements for a Mongolian partnership with a UK company that provide for the Australian company's eventual exit from the Central Asian nation.
Great British Energy Appoints Interim CEO
'We now have a fantastic team in place to lead Great British Energy ', UK Energy Secretary Ed Miliband said.
Afreximbank Plans to Form $1B Oil Financing Platform for Guyana
'This initiative aims to enhance local participation in the country's fast growing oil industry'.
Wood Secures Zeevonk Hydrogen Plant FEED Job
Wood secured a front-end engineering design contract for the Zeevonk hydrogen facility in Rotterdam, Netherlands.
Valaris Sees Sequential Jump in Quarterly Profit
'The contracting outlook for 2026 and beyond remains strong for high-specification assets and we are focused on securing attractive, long-term programs for our active rigs'.
Saipem, Subsea7 Reach Initial Merger Deal
Saipem struck an agreement in principle on the key terms of a potential acquisition of Subsea7, which would result in a combined company called Saipem7.
Iraq to Receive 185,000 Bpd of Oil from Kurdistan
'The current amount available for export in the region is 300,000 barrels a day, part of which is allocated for domestic use while the remaining 185,000 barrels will be earmarked for export'.
EnerMech Secures Five-Year Extension for Al Shaheen Field Contract
The contract includes bolt tensioning and torquing, pipe freezing, and training.
Exxon Plans to Ramp Up Guyana Gas Output, Sees Potential for Exports
Exxon's developments off the coast of Guyana have turned the South American nation into the world's fastest-growing major oil producer.
Tokyo Gas to Sell USA Shale Stake Amid Activist Elliott Scrutiny
Japan's largest gas utility has been under Elliott's scrutiny since last year.
WTI Slips 2% as Key Support Level Breached
Oil fell over 2% as a key technical breach and potential Iraqi supply increase pressured prices, while OPEC+ considers delaying production hikes.
USA, Ukraine Ramp Up Talks on Minerals Deal During Envoy Trip
The U.S. continues to pursue the mineral deal.
USA Crude Oil Inventories Rise by 4.6MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 432.5 million barrels on February 14, according to the EIA.
Expansion of Corpus Christi LNG in Texas Starts Delivery
Cheniere produced the first cargo from a project expanding the Corpus Christi LNG terminal in the namesake Texan city.
Miami Chosen by Saudi Arabia for Second USA Investment Office
Saudi Arabia will open an investment office in Miami.
OMV Petrom Starts Building SAF, HVO Unit at Romania Refinery
OMV Petrom began construction of a SAF and renewable diesel unit with a combined capacity of 250,000 metric tons a year at its Petrobrazi refinery in Romania.
USA EIA Projects Diesel Price Decrease in 2025, Increase in 2026
The EIA's February STEO forecast that the U.S. on-highway diesel fuel price will average $3.63 per gallon in 2025 and $3.70 per gallon in 2026.
