In the News

Chevron divests its Canadian oil sands assets for $6.5 billion, marking a strategic shift toward higher-growth areas like U.S. shale and Kazakhstan.

Equinor acquires a 9.8 percent stake in Orsted, adding 1.7 GW to its renewable energy portfolio, as both companies navigate challenges in the offshore wind sector.

Oil prices dipped slightly after reaching their highest levels in over a month, driven by concerns over supply disruptions from the ongoing Middle East conflict.

Iran’s oil minister visits Kharg Island, meeting with naval officials to discuss energy security amid rising tensions with Israel

Oil prices eased slightly after recording their largest weekly rise in over a year, driven by geopolitical tensions and OPEC+ supply cuts, as investors monitor global supply.

Japan expands LNG cooperation with South Korea and Italy to ensure energy security, focusing on flexible procurement contracts and strategic partnerships.

Oil prices recorded significant weekly gains amid heightened Middle East conflict fears. President Biden’s caution against targeting Iranian oil helped limit the surge.

Latin America’s efforts to lead in clean hydrogen face hurdles, including high production costs and a lack of local industry demand.

OPEC’s oil output hit its lowest level in 2024 due to disruptions in Libya and Iraq’s compliance efforts, impacting global oil supply dynamics.