Industry News

Elia Transmission Belgium signed a record EUR 1 billion (around $1.16 billion) credit facility with the European Investment Bank for an artificial energy island project in the North Sea.

The Brent oil price rose above $100 per barrel for the first time since July.

Iraq is seeking a significant increase in the country's oil production quota as OPEC and its allies conduct a review of members' capacities aimed at determining how much they can pump next year, according to people familiar with the matter.

Oil rose as fresh Middle East strikes heightened concerns about global supply disruptions.

Venezuelans are deeply divided over the Trump administration's oil deal with the country's interim authorities.

Tamboran and Formentera Partners began initial gas sales from the Shenandoah South Pilot Project, introducing the Beetaloo Basin as a supplier for Australia's Northern Territory.

North America dropped seven rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Saudi Arabia halted several energy facilities in the south.

'This transaction positions TotalEnergies as the operator of Namibia's two largest oil discoveries and strengthens its position in the Orange Basin, supporting the long-term value creation from prolific licenses'.

Oil prices rose for another session on Tuesday, reaching three-month highs, Paolo Broccardo, CEO at BankPro, highlighted.

Industry body Offshore Energies UK said the industry urgently needs a firm date for HM Treasury's North Sea tax plan.

Alexey Miller, chair of the state-owned company's management committee, said Russia's underground gas storage inventories will reach a new all-time high this year.

The Italian and Malaysian energy majors - partners with F1 teams - signed a collaboration agreement to test newer processes to produce biofuels for high-performance deployment.

Undeterred by higher prices, importers shipped in 37.9 million tons last month, 6.2 percent more than in July, according to customs data.

Oil may rally to as much as $120 a barrel if attacks on shipping in the Middle East increase, according to Goldman Sachs Group Inc.

'With the acquisition now complete, Williams has established a premier Haynesville position that strengthens our ability to serve rapidly growing LNG, power and industrial demand along the Gulf Coast'.

Venezuela's exit from the OPEC group is 'structurally likely' but not for now, Kpler Senior Commodity Analyst Homayoun Falakshahi outlined in a market update.

GeoPark expects net production of about 400 million barrels from the redevelopment of the Bare Block, which currently produces around 11,000 barrels per day gross.

Ukraine says it hit oil processing plants in Russia's Perm region and Tatarstan overnight.

The South Korean shipbuilder will deliver the dual-fuel Panamax VLGCs in 2030.