Monday, July 6, 2026
Russia

Partial Oil Upgrading the Latest Fix for Canada’s Pipeline Problem

From Reuters Canada’s struggling oil industry is looking to what is known as partial upgrading technology to thin its sludge-like crude and squeeze more of it through congested pipelines. It is the latest effort by the Alberta provincial government to rescue an industry hurt last year by steep discounts for its oil, as production far exceeded pipeline capacity. The government

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

U.S. LNG Exports Fall to Lowest Level in A Year

From Reuters Natural gas flows to U.S. liquefied natural gas export terminals were expected to increase in coming days after collapsing to their lowest level in almost a year as fog clears along the Gulf Coast, according to analysts and data from Refinitiv. Analysts said the drop was due to a combination of maintenance work at the LNG terminals and

Carlyle Group-Backed E&P to Go Ahead With $400 Million Romanian Offshore Project

From Reuters Romanian-based Black Sea Oil & Gas, controlled by private equity firm Carlyle Group LP, said on Thursday it has decided to go ahead with its $400 million offshore gas project in Romania, the first such project to be developed in 30 years. The Midia Gas Development Project will extract an estimated 10 billion cubic meters of gas some

Two Key Pipeline Shutdowns Cause Canadian Crude Price to Plummet

From Bloomberg Canadian crude weakened after two critical oil pipelines remained partially shut amid an investigation into a possible leak in Missouri. Heavy Western Canadian Select for March traded at $10.30 below the calendar average for West Texas Intermediate crude futures, compared with a $9.40 discount earlier Thursday, according to data from Net Energy Exchange. Prices weakened as shutdowns of TransCanada

Iran

Iran Oil Industry Faces Bleak Outlook 40 Years After Revolution

From Bloomberg As Iran’s Islamic Republic enters a fifth decade, its energy industry has little to celebrate. The country’s crude output has yet to recover to pre-revolution levels and is unlikely to do so for many years, even without U.S. sanctions. Oil production is languishing as foreign investors steer clear of the world’s fourth-largest holder of crude. Pledges by U.S.

Libya Clashes Resume as Warlord Haftar Tries to Seize Oil Field

From Bloomberg Clashes resumed near Libya’s biggest oil field, a day after eastern military commander Khalifa Haftar said his forces had reached the deposit in a push to secure the southwestern region and its energy installations. Haftar’s self-styled Libyan National Army exchanged fire early on Thursday with troops led by Ali Kana, a supporter of the rival United Nations-backed authorities