CanCambria Energy Provides Updated Contingent Resource Evaluation for Flagship Deep Gas Project, Attributable to Strong European Natural Gas Prices, Driving an Increased NPV10 of US$2.04 Billion
(Oil & Gas 360) – Vancouver, BC – August 10, 2026 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce a significant increase in the value of the Company’s independent contingent resource evaluation for its deep
Fluor sells Mexico joint venture stake to ICA for $175 million
(World Oil) – Fluor Corp. has sold its equity stake in the ICA-Fluor Daniel joint venture to longtime partner ICA for $175 million, ending a partnership that has supported oil and gas, power, mining and industrial projects across Mexico for more than three decades. The joint venture, established in
US oil exports in July fall to lowest level in eight months, data shows
(BOE Report) – U.S. oil exports in July fell to 3.66 million barrels per day, the lowest level in eight months, ship tracking data showed, as a short-lived peace deal between the U.S. and Iran in June briefly flooded markets with Middle Eastern oil
Asian refiners buy more US crude as Hormuz remains blocked, traders say
(BOE Report) – At least four Asian refiners bought U.S. crude this week, as the Strait of Hormuz remained effectively closed and refiners sought alternative supplies for delivery later this year, traders said. Shipping traffic at the Strait of Hormuz fell below the average
BP’s new boss has a message for Britain
(Oil Price) – In 2020, BP unveiled a “major, necessary step in support of our purpose to reimagine energy for people and our planet.” The new strategy – “performing while transforming” – would see the firm “significantly scale-up our low carbon energy business” as part
Baker Hughes wins long-term support agreement for ANOH gas project
(World Oil) – Baker Hughes has been awarded a long-term service agreement by ANOH Gas Processing Company (AGPC) to provide lifecycle services and digital monitoring support for the ANOH Gas Processing Plant in Nigeria. The agreement covers maintenance, repair services, engineering support and digital monitoring for
Petrobras confirms new deepwater gas discovery offshore Colombia
(World Oil) – Petrobras has confirmed a new deepwater natural gas discovery at the Sandia-1 exploratory well in Colombia’s GUA-OFF-0 Block, further expanding the company’s growing offshore gas portfolio in the country. The Sandia-1 well, located approximately 42 km offshore in 1,251 m (4,104 ft) of water,
OPEC: Saudi crude production rebounds by more than 1 MMbpd in July
(World Oil) – Saudi Arabia reported to OPEC that it increased crude oil production by just over 1 million barrels a day (MMbpd) last month, a reflection of the recovery among Persian Gulf producers during a brief ceasefire in the Iran war. The kingdom told
America extends its lead over Russia and Saudi Arabia in oil output
(Oil Price) – While the United States has been the world’s biggest consumer of oil for decades, it became the largest oil producer, too, back in 2018, and has retained that crown ever since. The shale revolution and the growth in the Permian oil production
