JPMorgan Taps Energy, Critical Minerals in $10B U.S. Security Investment
JPMorgan Chase will invest up to $10 billion in U.S. companies tied to national security, including energy, nuclear power, grid infrastructure, and critical minerals, as part of a wider $1.5-trillion…
Partners target BECCS plant network across Europe
Global engineering and tech company Aker Solutions has signed a memorandum of understanding (MoU) with Sweden-based climate-tech company Nordbex to develop a portfolio of future BECCS (bioenergy with carbon capture,…
Kuwait Boosts Output Prospects with Major Offshore Gas Discovery
Kuwait Oil Company (KOC) on Monday announced a major offshore gas discovery at the Jaza field, reporting initial well output above 29 million standard cubic feet per day of gas…
Petrobras Restarts Tupi Output, Strengthening Brazil’s Offshore Surge
Brazil’s Petrobras has restarted production at its flagship Tupi offshore oilfield, restoring one of the country’s most productive pre-salt assets and adding momentum to Brazil’s rise as a top-five global…
IEA projects record oil oversupply in 2026 as OPEC+ output rebounds
(Bloomberg) – A record oversupply of oil will be bigger than previously estimated and the excess is already starting to build up on ocean going tankers, the International Energy Agency…
OPEC+ Oil Production Jumped by 630,000 Bpd in September
The members of the OPEC+ group boosted their production in September by 630,000 barrels per day (bpd) from August as the alliance last month completed the unwinding of 2.2 million…
Saudi Aramco Can Sustain 12 Million Mpd Oil Output for a Year
Saudi Aramco can sustain its oil production at its maximum capacity of 12 million barrels per day (bpd) for a year without additional investments, Amin Nasser, the chief executive of…
Algeria Secures $5.4 Billion Oil and Gas Deal with Saudi Midad Energy
Algerian state oil and gas firm Sonatrach has signed a $5.4-billion exploration and production agreement with Saudi Arabian firm Midad Energy, Algerian news outlet Ennahar TV reported on Monday, citing…
Ukraine’s Drone Attacks Cripple Russian Fuel Exports
Ukraine’s drone attacks on Russian refineries crippled both Russia’s fuel production and exports, with seaborne shipments in September plunging by 17.1% compared to August, according to Reuters estimates based on…
Serica to Acquire BP’s Stake in UK’s Largest Gas Field
Serica Energy plc has signed a preliminary deal to buy a 32% non-operated interest in the UK’s top producing gas field from the supermajor BP, the independent UK oil and…
