Saturday, July 11, 2026

Total in Talks to Sell North Sea Oil, Gas Assets to Private Firms

From Reuters French energy giant (TOTF.PA) is in advanced talks with Albion Energy and First Alpha Energy Capital, two privately owned firms, on the sale of some of its British North Sea assets, according to two industry sources. In July, four banking sources told Reuters Total is set to sell a third of its stake in the Laggan Tormore gas

Canadian Dollar Hits 18-Month Low

From The Globe and Mail The Canadian dollar was little changed against the greenback Thursday but hit a 1-1/2-year low earlier in the session and underperformed other G10 currencies, as investors worried that the slumping price of oil could hurt Canada’s economy. Oil prices hit their lowest in more than a year on worries about oversupply and the outlook for

Oil Tanker Owners Junked a Record Number of Ships Before Boom

From Bloomberg Oil tanker owners scrapped a record number of ships this year. Those who did missed out on a sharp rally in rates. Owners purged a record 100 of the industry’s main crude carriers so far, with most of that happening in the first half of the year, according to data from Clarkson Research Services Ltd., part of the world’s

Iraq

U.S. Grants Iraq Sanctions Relief in Bid to Boost Business Deals

From The Wall Street Journal The Trump administration has given Iraq permission to buy Iranian natural gas without penalty for at least three more months, after pledges from Baghdad to buy American oil and energy technology, U.S. and Iraqi officials said. The decision extends a 45-day waiver Iraq received from the U.S.’s Iran sanctions in November, as the country relies on Iranian

Texas Oil Field -Oil Law - Contract Language Outweighs Industry Custom in Farmout Case: Texas Supreme Court Oil & Gas 360

Petroleum Museum Names 2019 Hall of Fame Inductees

From the Midland Reporter Telegram Shale pioneer George P. Mitchell is among the Petroleum Museum Hall of Fame inductees for 2019. The other inductees are Robert C. Bledsoe, Arlen L. Edgar and L.D. “Buddy” Sipes Jr. George P. Mitchell –Mitchell, a Galveston native, graduated first in the Class of 1940 at Texas A&M University. He received a petroleum engineering degree