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…

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…

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…

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…

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…

  • Gas
  • December 11, 2025
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…

Trump Plans Envision Major U.S. Investment in Russia, Restoring Oil Flows to Europe, WSJ Says

The newspaper said the plans were detailed in appendices to peace proposals handed to European counterparts over recent weeks. They include a plan for U.S. financial firms and other businesses…

Permian to Retain US Oil Crown Even After Hitting Peak

Oil production in the Permian basin is poised to peak in December, a watershed moment for the U.S. shale boom that upended the global energy market over the past 15…

 Oil Retreats as Investor Focus Returns to Ukraine Peace Talks

Summary Witkoff visit helped resolve misunderstandings, Russia says US seizes sanctioned oil tanker off Venezuela coast IEA trims its 2026 market surplus forecast (Reuters) – Oil prices eased on Thursday…

US Seizes Sanctioned Oil Tanker Off Coast of Venezuela, Trump Says

Summary Move is first known tanker seizure since US build-up began Signals new effort to go after Venezuela’s main revenue source Impact on global oil supply unclear (Reuters) – The…