Canada’s Cenovus Energy To Boost 2026 Oil Production
Cenovus Energy expects its upstream production to rise by about 4% in 2026 compared to this year as it is completing new projects and adding assets of MEG Energy, which…
Suncor Energy Targets Major Production Boost in 2026
Canada’s oil producer Suncor Energy expects to grow its upstream production next year as it continues to invest in in-situ projects in the oil sands patch. Suncor Energy expects annual…
China to Launch First Small Modular Reactor in 2026
China plans to launch commercial operations at the world’s first small modular reactor (SMR) to generate nuclear energy as early as in the first half of 2026, according to the…
OPEC Holds Firm on Bullish Oil Demand Outlook for 2026
Global oil demand will rise by about 1.4 million barrels per day (bpd) next year, supported by solid economic growth, OPEC said in its monthly report ton Thursday, keeping its…
Equinor Invests $400 Million to Boost Output at Newest Arctic Oilfield
Equinor and its partners in the huge new Arctic oilfield Johan Castberg will invest $396 million (4 billion Norwegian crowns) to construct the first tie-back of another discovery to the…
IEA Trims Oil Glut Forecast as Supply Surge Halts
The oil market still faces record oversupply next year, according to the monthly report by the International Energy Agency (IEA), but the glut estimate is now trimmed by about 230,000…
BP, Chevron Top US Gulf Lease Sale
Britain’s BP PLC and the United States’ Chevron Corp and Murphy Oil Corp led the first oil and gas area auction under the Trump administration’s One Big Beautiful Act, winning…
Northern Lights issues first certificates confirming offshore CO2 storage
Norway’s Northern Lights carbon storage project has issued its first certificates confirming the permanent offshore storage of CO2. The certificates verify that CO2 captured at Heidelberg Materials’ Brevik cement plant…
Oil Tanker Rates Skyrocket 467%
The supertanker market has tightened this year as crude supply from OPEC+ and the Americas rises and vessels make increasingly longer trips. So much has the market tightened that several…
Russia-China Gas Pipeline Could Take 10 Years to Build
The construction of the second Power of Siberia gas pipeline from Russia to Northern China could take up to 10 years because it involves “tremendous work, jobs and negotiations,” the…
