Venture Global lowers its 2026 profit forecast due to the winter storm and LNG margin squeeze
Venture Global, a U.S.-based company that produces LNG, reported a core profit for 2026 below Wall Street's expectations due to the?impacts of Winter Storm Fern?and margin compression during?the first quarter.
Venture Global lowers its 2026 profit forecast due to the winter storm and LNG margin squeeze
Venture Global, a U.S. LNG company, forecast its 2026 core profit to be?below Wall Street's expectations on Monday. This was due to the?impacts of Winter Storm Fern as well…
Source: Nigeria divides OPL 245 oilfield OPL into four blocks as part of deal with Eni and Shell
Sources say that Nigeria has divided the 'OPL 245 oil block into four assets, which will be operated by Eni or Shell. This could determine the future of a field that is at the…
Equinor discovers oil in the North Sea and looks to rapid development
Equinor, a state-controlled Norwegian operator, and its partners have discovered oil near the Snorre field in the North Sea and plan to develop the reserves "rapidly and efficiently".
China shares steady as energy and defence shares surge, offsetting airline losses; HK drops
China's benchmark equity indexes were not significantly changed Monday in the aftermath of a conflict with Iran. Increases in gold, energy and defence stocks offset declines in airline and tourism shares.
Libya's Mabruk Oil Field to Increase Production to Up to 30,000 Bpd
Libya's Mabruk Oil Operations have resumed production at the?al-Mabruk field, with an initial pumping rate?expected to range between 25,000-30,000 barrels per day, according…
OPEC+ discusses oil production boost as US war against Iran disrupts shipments
Two OPEC+ source said that OPEC+ would consider a bigger-than-expected 'oil production increase' on Sunday. This is after the U.S. and Israel war against OPEC+ Member Iran,…
DNO and Dana Gas stop Kurdistan production after U.S. - Israel strikes on Iran
Oslo-listed DNO, and Dubai-listed DNA Gas, halted oil and gas production in their respective fields, located in Kurdistan, Iraq, out of caution, following the United States' and Israel's strikes against Iran.
OPEC+ could consider a larger increase in oil production, according to sources after the Iran strike
Two sources said that OPEC+ could consider a bigger than planned 'output increase' on Sunday. Leading producers Saudi Arabia and?UAE had already boosted exports to prepare for…
Iran's main oil, gas and infrastructure production
On Saturday, Israel and the United States launched an offensive against Iran. The attack could cause oil and gas production to be disrupted and damage the energy infrastructure in the Middle East.
Mercuria profits fall as the company expands into metals and LNG
Mercuria's?chief finance officer? told a reporter on Friday that the trading house had posted a 6% drop in profit for 2025, despite expanding its metals and physical LNG businesses…
Baker Hughes reports that US oil and gas drillers have cut back on rigs in the US for the first time in six-weeks.
Baker Hughes, an energy services company, said that the U.S. cut back on the number of natural gas and oil rigs for the first time since six weeks. The number of oil and gas drilling rigs…
Mexico's Pemex narrows its losses in the last quarter of 2025
Pemex, the Mexican state energy company, has reported a sharp decline in losses for 'the fourth quarter. A filing with 'the Mexican stock exchange showed a loss of $8.62 million.
Panoro Energy looks for new assets in Equatorial after purchasing Kosmos stake
Panoro Energy, a company based in Africa, will participate in Equatorial Guinea’s oil and gas auction in April to search for new assets. It has increased its stake in Block G offshore in the country.
ADNOC offers partners more Murban crude ahead of the OPEC+ meeting, sources and reports say
Abu Dhabi will 'export' more of its Murban crude, according to Bloomberg News and two trade sources. This will add to the already abundant supply from Middle East producers.
Vallourec is expecting a lower core profit in Q1 as steel tube volume weighs on the company
French steel tubes manufacturer Vallourec announced on Friday that it expected to make a lower profit in the first three months of 2026 compared to the previous quarter, due in part to the drop in volumes.
Kazakhstan: Tengiz supergiant oilfield nearing capacity
Kazakhstan?Energy minister Erlan Akkenzhenov announced on Friday that oil production had almost reached full capacity in the largest oilfield, Tengiz. This was after the oilfield…
California woman sues Meta, YouTube testifies that social media has a negative impact on mental health
A young Californian woman who is suing Meta Platforms for Instagram and Google for YouTube gave testimony on Thursday at a landmark trial that her childhood addiction to social media left her depressed…
Eni CEO: Eni can receive Venezuelan oil as payment for gas
Eni CEO, Eni, said that Venezuela is now able to pay for the gas it receives from Eni with oil, thanks to recent U.S. sanctions being eased. This has 'unlocked' a situation…
Coterra misses its quarterly profit forecasts, pointing to winter storm as a factor in Q1 output
Coterra Energy missed Wall Street's expectations for the fourth quarter profit on lower crude prices and warned that its first-quarter production would be affected by the U.S. winter storm.