US Crude Oil Production Nears Full Recovery After Storm Hit Output

(Reuters) – Crude oil producers in the United States continued bringing oil wells back online on Monday, with only around 0.7% of national output still halted in the aftermath of…

Devon and Coterra to Create Shale Giant in $58-Billion Merger Deal

Devon Energy and Coterra Energy announced on Monday a definitive agreement to merge and create a premier shale operator in an all-stock transaction, implying a combined enterprise value of about…

Equinor Exits Vaca Muerta With $1.1 Billion Sale to Vista Energy

Equinor will sell all its assets in Argentina’s Vaca Muerta basin to Vista Energy in a cash and stock deal worth $1.1 billion, the Norwegian energy major said on Monday…

Shell Sees LNG Sector Growing by 3% Per Year

The global LNG market is expanding by 3% every year, growing at a faster pace than the overall natural gas market, Wael Sawan, chief executive officer of the world’s top…

Equinor Exits Argentina’s Vaca Muerta Shale Play

Equinor will sell all its assets in Argentina’s Vaca Muerta basin to Vista Energy in a cash and stock deal worth $1.1 billion, the Norwegian energy major said on Monday…

Shell CEO Says LNG Sector Growing Faster Than Gas, Around 3% Per Annum

Shell CEO Wael Sawan speaks at the Energy Asia conference in Kuala Lumpur Convention Centre, Kuala Lumpur, Malaysia June 17, 2025. REUTERS/Edgar Su (Reuters) – Shell’s CEO Wael Sawan said…

Europe’s Russian Gas Ban Is Set to Trigger a New Wave of LNG Tanker Demand

The European Union’s plan to ban LNG imports from Russia will prompt a surge in demand for LNG carriers to the tune of 30 new vessels, a senior Vortexa analyst…

Kuwait’s Fuel Oil Exports Surge After Al-Zour Refinery Restart

Kuwait exported record volumes of very low sulfur fuel oil (VLSFO) in January after a key refinery restarted full operations following a fire-induced partial outage at the end of last…

Russia Raises Pipeline Gas Supply to Europe via TurkStream

Russia’s natural gas exports via the TurkStream pipeline to Europe jumped by 10.3% in January from a year earlier, Reuters calculations showed on Monday, as Gazprom boosted supply via the…