Industry News

Why is the oil price rising on Monday?

TotalEnergies filed for government authorization for a EUR 4.5-billion 1.5-gigawatt wind farm off the coast of Normandy.

U.S. President Donald Trump said talks with Iran over an interim peace deal will 'work out well,' even as the countries' forces clashed again near the Strait of Hormuz.

Mitsui is looking to invest in liquefied natural gas projects across the Middle East, the U.S. and Australia, its CEO said.

'Given that we currently own a stake of less than 5 percent, if we felt the need to further diversify, we could continue increasing our stake in Total'.

Traders bet the Strait of Hormuz could reopen as truce negotiations continue.

Reform UK Deputy Leader Richard Tice told energy giants his poll-leading party would focus on cutting bills rather than investing in green energy if it wins the next general election.

CB&I won a contract to build five 1.77 million-cubic foot LNG storage tanks for the Commonwealth LNG project in Cameron Parish, Louisiana.

Cheniere Partners has now also given Bechtel a 'limited notice to proceed' for the contractor to launch early engineering and procurement activities.

'We urge you to pause and consider the long-term legal and financial ramifications of collaborating with the Trump administration to circumvent California law', the legislators warned Sable's CEO.

Transnet National Ports Authority executed a 25-year terminal agreement with Ukwanda LNG for a regasification project at the Port of Ngqura.

Norway is putting pressure on the European Union to remove a moratorium on new oil and gas drilling in the Arctic where almost two-thirds of its petroleum resources lie.

The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran's nuclear program, a person with knowledge of the matter said.

Traders balanced Iran deal optimism against falling US crude inventories.

The U.S. carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz, highlighting the fragility of recent diplomatic momentum.

Tensions spiked following a second round of U.S. strikes against Iranian military targets this week.

Ksi Lisims LNG signed a preliminary agreement to supply 1 million metric tons per annum of liquefied natural gas for up to 20 years to the German state-owned power and gas utility.

Part of the proceeds will fund additional oil and gas workover wells in New Zealand.

The Calgary-based midstream company decided to proceed with a new straddle plant project to extract natural gas liquids through its existing rights on the Yellowhead Pipeline.

Minnesota-based Northern Oil and Gas signed a deal to buy a 25 percent stake in light-oil assets in the Duvernay shale from Parallax for an initial price of around $259 million, marking its entry into Canada.