Industry News

Flex LNG logged $34.97 million in net profit adjusted for nonrecurring items for the third quarter, up from $23.52 million for the same three-month period last year as the LNG shipper posted its highest-ever revenue for the July-September period.

The Norwegian Ocean Industry Authority is reviewing how oil and gas companies vet artificial intelligence systems and manage risks from AI use in their workflows.

Crude shipments reaching India through the crucial Middle East chokepoint have climbed to 2.1 million barrels a day so far this month, surpassing Russian imports of 1.8 million barrels a day, according to Kpler.

Oil prices rose as uncertainty over the Iran war offset growing Persian Gulf supplies.

U.S. upstream M&A hit $12.6 billion in the third quarter of 2026, Enverus Intelligence Research revealed.

Brazil's state-controlled oil producer Petrobras posted lower-than-expected earnings.

Saudi Arabia told OPEC that its crude oil production climbed by 26 percent last month to the highest since before the outbreak of the war.

U.S. gasoline fell below $4 per gallon for the first time since August, but the midterm elections weren't the cause, a new GasBuddy blog outlined.

Public support for UK oil and gas production is higher than ever, industry body Offshore Energies UK (OEUK) said.

Ukraine and Russia started a second day of U.S.-led peace talks in Abu Dhabi.

The chief executive of ExxonMobil Holdings Corp. is ending his streak of attending United Nations climate conferences.

Crude extended its decline as diplomatic hopes and recovering Persian Gulf oil flows weighed on prices.

Discussions are ongoing with Saudi Arabia and other Gulf states to design a publicly backed vehicle that would assume parts of the insurance risk for vessels to go through the waterway and facilitate deliveries of energy by lowering shipment costs.

'We reached an important milestone in the third quarter, reducing principal debt to $10 billion after retiring $10.4 billion of debt since the beginning of this year'.

Poland's majority state-owned ORLEN reported a 40 percent increase in revenue from foreign markets, saying expansion abroad has allowed it to pursue profitability while holding down its prices at home.

Uniper plans a dividend of EUR 0.77 per share for 2026, up seven percent year-on-year, as net profit adjusted for nonrecurring items more than doubled for the first nine months of 2026.

The natural gas processing and sales arm of Abu Dhabi National Oil Co reported $1.34 billion in net profit for Q3, stable compared to the same three-month period in 2025 as high prices offset lower sales volumes.

Trump indicated he is keen to pursue diplomacy with Iran and wind down the war following a White House meeting with the prime minister of Qatar, the main mediator between the warring sides.

Liquefied natural gas loadings onto tankers from Qatar have picked up over the past few weeks, suggesting the major exporter is seeking to get more cargoes to the global market despite ongoing disruptions in the Strait of Hormuz.

Oil prices plunged as renewed Iran peace hopes eased concerns over Middle East supply disruptions.