The governments of Canada and Alberta have jointly proposed a new domestic oil pipeline intended to link the country's western and eastern regions, reducing Canada's dependence on United States infrastructure for moving its crude.
XRG, the international investment arm wholly owned by Abu Dhabi National Oil Company (ADNOC), has increased its equity stake in the Rio Grande LNG project at the Port of Brownsville, Texas, acquiring an additional 7.6% interest in Trains 4 and…
Renewed hostilities between the United States and Iran have upended market expectations of a well-supplied oil and gas market, driving ICE Brent above US$85 per barrel and reversing weeks of oversupply sentiment into fears of a global shortage.
US oil and gas operators have shown a cautious stance towards new drilling activity, even as the overall count of working rigs edged higher last week, according to fresh figures from oilfield services group Baker Hughes.
US forces have disabled an Iran-linked oil tanker close to the Kharg Island export terminal in the Persian Gulf, marking the first vessel strike since Washington reimposed its naval blockade on shipping bound for Iranian ports and coastal areas.
Small oil and gas explorers are moving quickly to lock in offshore exploration permits in New Zealand, seeking to complete contracts before a general election in November that could see the reinstatement of a drilling ban.
