Fluor JV receives notice to begin work on LNG Canada Phase 2
(World Oil) – LNG Canada has taken another step toward a proposed expansion of its export facility in Kitimat, British Columbia, issuing a limited notice to proceed (LNTP) for Phase 2 of the project. Fluor Corp. announced that its JGC Fluor BC LNG II joint venture with JGC
Mexico’s oil and gas sector needs certainty to drive investment, AMEXHI says
(World Oil) – The Mexican Association of Hydrocarbons Companies (AMEXHI) has expressed support for the federal government’s gas strategy aimed at strengthening energy sovereignty, while emphasizing the need for improved investment conditions to advance oil and gas development. The industry group said that enhancing competitiveness,
Oil jumps over $6 on Iran report of halted U.S.-Tehran exchanges, Hormuz blockade risk
(Investing) – NEW YORK – Oil prices surged more than $6 per barrel on Monday after Iran’s Tasnim news agency reported that Tehran’s negotiating team has halted message exchanges with the United States and its allied “Resistance Front” are considering measures to completely block the
bp adds three Indonesia exploration blocks tied to Tangguh LNG
(World Oil) — bp has signed three production sharing contracts (PSCs) in Indonesia, expanding its upstream exploration portfolio near the company’s existing Tangguh LNG operations in Papua Barat and adding participation in a new East Java block. The agreements cover the Bintuni and Drawa exploration
Shrinking oil inventories raise fears of prolonged energy crisis
(Oil Price) – Global oil inventories are fast approaching a critical point, with Asia the first facing “minimum operational levels” and Europe close behind. This is the latest in a growing series of warnings from industry experts about the state of oil supply and the
Deepwater, LNG infrastructure to drive Africa’s next energy expansion cycle
(World Oil) – Africa’s next energy growth cycle will be driven less by new discoveries and more by the ability to build infrastructure, expand LNG capacity and monetize existing reserves, according to analysts participating in the State of African Energy 2026 Outlook webinar hosted by
Vaca Muerta and Argentina’s energy reset
(By Oil & Gas 360) – For years, Vaca Muerta was viewed as one of the world’s great untapped shale opportunities, massive resources, strong geology, and comparisons to the Permian Basin, but limited by political instability, capital controls, and inconsistent energy policy. Now, the
Iranian strike on Kuwait airport raises stakes for Gulf States
(Oil Price) – Iranian drones and missiles struck Kuwait International Airport overnight, hitting Terminal One, killing at least one person, injuring several others, and causing what Kuwaiti authorities described as significant material damage. Kuwait immediately suspended air traffic, activated emergency procedures, and diverted flights to
US Senators push to reinstate Russian oil sanctions
(Oil Price) – A group of 14 Senate Democrats is pressing the Trump administration to reinstate sanctions on Russian oil after a temporary waiver tied to the Iran war. In a letter to Treasury Secretary Scott Bessent, the lawmakers argued that the policy
