Sinopec, a Chinese company, has a major reserve of ultra-deep shale gases.
Sinopec, the Chinese oil major, said it has?booked large?proven?reserves of gas in its ultra-deep Ziyang Dongfeng?shale gas?field. The company said it has received official…
EagleRock, a land management company, raises $320 million through its US IPO
EagleRock, an American land and resource management firm that collects royalties and fees for oil and gas production in the Permian basin on the lands it controls, raised $320.1…
US upstream oil & gas deals hit a two-year high during Q1 2026
Enverus, a firm that provides analytics, reported on Wednesday that the amount of deals in the U.S. oil and gas sector upstream jumped to $38 billion during the first quarter this year.
BP will meet with union leaders for Whiting refinery talks next week
BP and the United Steelworkers union announced on Wednesday that they will be meeting with 'union leaders' on Monday in order to re-start contract negotiations at their oil refinery in Whiting, Indiana.
Pemex confirms death in Oaxaca refinery explosion of injured worker
Pemex released a statement Wednesday confirming that a Pemex worker injured in the explosion at Oaxaca refinery in 'the Port of 'Salina Cruz, died Tuesday night while being treated on his way to hospital.
Fervo Energy is valued at $10.21 Billion in Nasdaq debut
Fervo Energy's shares rose 33.3% on Wednesday in its Nasdaq debut, giving the geothermal energy developer a value of $10.21 Billion. The Houston-based company's shares opened at 36 dollars…
OPEC reduces 2026 forecast for global oil demand growth
OPEC lowered on Wednesday its forecast of global oil demand growth for 2026. It joined other forecasters, such as the International Energy Agency, in lowering expectations due to Iran's war.
Serbia is not satisfied with MOL's proposal for NIS oil company
Belgrade was not happy with the revised proposal made by Hungary's MOL regarding its purchase of a majority share in Serbia's oil company NIS, said the country's energy minister on Wednesday.
Inpex, Japan's oil company, raises its full-year profit estimate as oil prices rise
Inpex, Japan's largest oil and gas exploration company, raised its net profit forecast for the full year on Wednesday. It cited higher than expected crude oil prices as well…
Copper prices rise as investors purchase over concerns about supply
On 'Wednesday, copper reached a new three-month-high as investors bought on future supply concerns. Middle East uncertainty kept oil prices high and higher than expected U.S.
Europe's first-quarter earnings are a mixed bag for consumers and growth.
A majority of European companies have reported their first-quarter earnings. As a result, the corporate profits will rise faster than ever in three years. This is due to strong…
IIR Energy reports that Mexico's Salina Cruz Refinery has been partially closed after a fire.
Mexico's state oil company Pemex was forced to partially shut down its 325,000-barrel-per-day Salina Cruz refinery in Oaxaca on Monday after a fire at the plant injured six people…
S&P downgrades Mexico's outlook due to debt and growth concerns
S&P, a credit rating agency, revised Mexico's outlook on Tuesday from "stable" to "negative", citing the possibility of a?very slow?fiscal reorganization largely due to weak economic growth.
Ecopetrol's Q1 profit drops 7.7%
Ecopetrol, Colombia's state-owned oil producer, reported on Tuesday a 7.7% decline in net profit for the first three months of 2026 from a year ago. This was due to lower sales and exchange rate effects.
Petrobras, Brazil's largest oil company, looks to Mexico for opportunities through a partnership with Pemex
Magda Chambriard, CEO of Brazil's Petrobras, said that the company would?send representatives" to Mexico in order to explore business opportunities. The firm is looking to a possible?partnership?
Wall St. falls as inflation and Iran tensions weigh.
S&P 500 and Nasdaq fell from their record highs Tuesday. Technology stocks led the declines after a hotter than expected?inflation rate report, as well as stalled attempts to resolve the Middle East conflict…
Wall St. falls as CPI and Iran tensions weigh down on sentiment
Wall Street's major indexes dipped a little?on Tuesday. The S&P 500, and the Nasdaq both pulled back from their record highs following a higher-than-expected inflation report…
Wall St. to open lower after April inflation data
Wall Street index futures point to a lower opening on Tuesday as investors weigh a hotter than expected inflation report, and faded?hopes of a quick resolution to the Middle East conflict. U.S.
Wall St futures drop as AI rally cools down; inflation data is in focus
?U.S. Stock index futures dipped on Tuesday, as the rally in chip stocks waned and investors lost hope for a quick resolution to the Middle East conflict. Investors also waited to see a crucial inflation report.
Venture Global raises its annual core profit forecast due to higher liquefaction charges and LNG sales
Venture Global, a U.S. company, raised its full-year adjusted core profits forecast on Tuesday. It attributed this to higher liquefaction charges and LNG sales volumes. This…
