Energy
Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
Venezuela firma memorando con Schlumberger para cooperación en petróleo y gas
Venezuela and French oil services company SLB (Schlumberger) signed a memorandum of understanding to explore cooperation in petroleum and gas sectors using adv…
HighBrazilian farmer's oil discovery won't bring riches—state owns all petroleum
Brazil's ANP confirmed crude oil found by a farmer in Ceará belongs to the state, not the landowner. The farmer may receive 0.5-1% royalties if commercial extr…
HighOPEC+ Raises Oil Production by 188,000 Barrels Daily
OPEC+ announced a production increase of 188,000 barrels per day, signaling continued efforts to manage global oil supply amid market dynamics.
MediumOil boom energizes Calgary Stampede as Alberta's energy sector thrives
High oil prices are influencing conversations at the Calgary Stampede, the world's largest outdoor rodeo, reflecting Alberta's economic dependence on its fourt…
MediumGazprom launches oil production at Chona complex in eastern Siberia
Gazprom officially began commercial crude oil extraction at the Chona complex in eastern Siberia, featuring 150+ technical facilities and advanced engineering…
MediumDrivers Seek Pump Discounts as Gas Prices Surge, Oil Execs Warn of Further Increases
Drivers are changing shopping habits to access cheaper gas at Costco and Walmart as prices surge, while oil executives warn of further increases ahead.
HighGas leak explosion in São Paulo kills at least one, destroys 35 homes
A gas pipeline explosion in São Paulo's Jaguaré neighborhood killed at least one person and destroyed 35 homes during water infrastructure work. Emergency team…
HighMcDonald's Manager Hospitalized with Second-Degree Burns After Coworker Throws Hot Oil
A Yuba City McDonald's manager was rushed to ICU with second-degree burns after a coworker allegedly threw scalding hot oil on him during a workplace incident.
HighNio entra em telefonia móvel com preço travado pelo BTG
A Nio anunciou sua entrada no mercado de telefonia móvel e conseguiu convencer o proprietário BTG a travar o preço em um acordo estratégico.
MediumTC prohíbe al Congreso crear leyes de gasto sin coordinación previa del Ejecutivo
El Tribunal Constitucional emitió un fallo que prohíbe al Congreso aprobar leyes con impacto fiscal sin coordinación previa y aval técnico del Ejecutivo, forta…
HighPortugal's Maritime Authority Conducts Major Oil Spill Response Drill in Madeira
Portugal's Maritime Authority conducted a four-day training exercise in Madeira (May 12-15) simulating hydrocarbon spills at a commercial port and coastal beac…
HighEU allows member states to cover up to 70% of fuel cost increases for vulnerable sectors
The EU permits member states to compensate vulnerable sectors for fuel price increases by covering up to 70% of additional costs, addressing energy crisis impa…
HighRaízen cedes control to creditors in R$65bn debt restructuring
Raízen, Brazil's leading biofuel and fuel distributor, unveiled a R$65 billion debt restructuring plan converting 45% of debt to equity at R$0.25/share while S…
HighComey Indicted Again Over Instagram Beach Photo
Former FBI Director James Comey has been indicted a second time by the Justice Department over an Instagram photo of a shell formation posted in May 2025. Spec…
LowEl Salvador's thermal energy use surges amid heat wave, driving up electricity costs
El Salvador's thermal energy generation hit record highs in April 2026 due to extreme heat, reaching 66.66 GWh and driving electricity costs to $135/MWh as oil…
HighRussian Oil Tanker Spill Threatens Arabian Sea Wildlife Amid Regional Tensions
A grounded Russian tanker carrying crude oil destined for India has spilled into the Arabian Sea, threatening critical bird and turtle habitats amid escalating…
HighRepública Dominicana aumenta gasolinas y gasoil; GLP permanece congelado
El Gobierno dominicano implementó nuevos aumentos de entre 3 y 6 pesos por galón en gasolinas y gasoil para la semana del 13 al 19 de junio, mientras mantiene…
HighHormuz shipping traffic plummets to seven vessels as regional tensions escalate
Vessel transits through the Strait of Hormuz fell to just seven on Thursday, far below the 10-day average of 15, as geopolitical tensions and U.S. sanctions se…
HighBungie Buffs Recon Shell in Marathon's Mid-Season Update
Bungie is improving the Recon character in its extraction shooter Marathon with patch 1.0.6, enhancing the Echo Pulse and Tracker Drone abilities to make the u…
HighAxess Group asegurará integridad de plataformas FLNG de Golar LNG
Axess Group ha ganado contratos para optimizar la integridad de las plataformas flotantes MK II FLNG e Hilli FLNG de Golar LNG, desplegando servicios especiali…
HighStrait of Hormuz Crisis Spurs Search for Alternative Gulf Routes
Tensions in the Strait of Hormuz are forcing countries to seek alternative shipping routes as US blockades restrict Iranian oil tankers and G7 nations divide o…
HighBTG executa garantia na Rio Alto e toma três usinas solares na Paraíba
BTG Pactual inicia execução de garantia sobre três usinas solares da Rio Alto na Paraíba, após inadimplência de empréstimo de R$ 320,9 milhões com o BNB. A emp…
HighBathla Group seeks $20M lifeline as 2,000 homes stall in administration
Sydney property developer Bathla Group seeks $20 million to continue construction on 2,000 homes as administrators manage the collapse affecting 13,000 more pr…
HighEU sends €2M emergency aid to Cuba as energy crisis deepens
The European Commission announced €2 million in emergency humanitarian aid to Cuba to address severe energy shortages affecting 62% of the island and resource…
HighCommercial LPG prices fall across metros; jet fuel climbs for second month
India's November 1 fuel revision cuts commercial LPG prices by up to Rs 6.50 per cylinder across metros, offering relief to businesses, while jet fuel prices r…
HighOil surges on Oman spill and Red Sea shipping threats
Oil futures rose following deadly vessel attacks in the Gulf of Oman and Red Sea, compounded by a massive Russian tanker spill near Oman threatening wildlife a…
HighL&T Energy firma acuerdo EPC de 6 años con Petroleum Development Oman
L&T Energy Hydrocarbon Onshore firmó un acuerdo marco de ingeniería, adquisición y construcción con Petroleum Development Oman por seis años, posicionándose co…
HighCNG Prices Surge Across India: Delhi Logs 5 April Hikes Amid Global Oil Spike
India's major cities face relentless CNG price hikes driven by surging global crude oil costs. Delhi saw 5 increases in April alone, while Mumbai and Gujarat e…
HighIn Seville, Spring Arrives With a Beloved Snail Season
Spring in Seville brings caracoles season, where locals enjoy small snails eaten directly from shells at favorite tapas bars, a tradition distinct from French…
HighWoman accused of pouring hot oil on community dog in Goiânia; thermal burns confirmed
A community dog named Johnny was severely burned when a woman threw hot oil on him in Goiânia, Brazil. Security footage captured the attack, and forensic exami…
HighMaior termelétrica do Brasil é paralisada após falha em disjuntor
A usina GNA II, maior termelétrica do país com 1,7 GW de potência, foi paralisada em 10 de agosto após falha no disjuntor da turbina a vapor. A empresa não pre…
HighNexGen Energy in talks with BHP for $1B uranium project funding
Canadian uranium miner NexGen Energy is in talks with mining giant BHP to secure $1 billion in funding for its uranium project development.
HighOil prices climb amid prolonged Strait of Hormuz export uncertainty
Oil markets extend gains as uncertainty persists over exports through the Strait of Hormuz, a critical chokepoint for global energy supplies.
HighTikTok's Hidden Pipeline: Romanian Drivers Recruited to Smuggle Migrants
Romanian drivers are being recruited via TikTok to transport undocumented migrants from Turkey through Greece, with 120 Romanian citizens detained in Greece on…
HighVinci assume controle da Faro Energy e acelera consolidação em geração distribuída
Vinci adquire controle da Faro Energy e avança estratégia de consolidação no segmento de geração distribuída de energia.
MediumFlash flooding devastates Grand Canyon's critical water pipeline amid $200M upgrade
Flash flooding damaged 40% of Grand Canyon's critical water pipeline, forcing park closures and water restrictions while complicating a $200 million upgrade pr…
HighChevron Launches Advanced Techron Fuel Additive Across U.S. Stations
Chevron USA has launched its next-generation Techron fuel additive across all US Chevron and Texaco stations, claiming to remove up to 100% of harmful deposits…
MediumUS Nears Long-Term Oil Access Deal With Venezuela
The US is nearing a deal to secure long-term access to Venezuela's oil reserves, according to sources familiar with negotiations, potentially reshaping energy…
MediumMotorola Moto G87 leaks with 200MP camera and 1.5K AMOLED display
Motorola's upcoming Moto G87 features a 200MP camera, 6.78" 1.5K 120Hz AMOLED display, and IP69 rating, marking the best camera yet in the Moto G lineup with n…
MediumOMCs Cut Commercial LPG Prices by Up to Rs 183.5 Across Major Cities
State-owned oil marketing companies reduced 19-kg commercial LPG cylinder prices by up to Rs 183.5 across major Indian cities, providing relief to restaurants…
HighGlobal oil reserve buildup to keep energy prices elevated amid geopolitical tensions
Governments worldwide are accumulating strategic oil reserves to mitigate future energy crises, a response to recent supply disruptions that will likely sustai…
HighOil prices fall as Middle East diplomatic talks offer supply relief
Oil markets decline as investors anticipate diplomatic talks could ease Middle East tensions and stabilize regional supply disruptions.
MediumBureau Veritas vende Oil & Petrochemicals a Triton Partners por €470M
Bureau Veritas vende su división Oil & Petrochemicals a Triton Partners por €470M, operando en 45 países con 320 instalaciones, como parte de su estrategia LEA…
HighAramco cultivates next generation of drilling talent through hands-on training
Aramco's Field Deployment Program trains young Saudi engineers and foremen through hands-on experience, emphasizing safety, technical expertise, and real-time…
HighMajor fire erupts at Beirut port, reigniting trauma from August explosion
A massive fire broke out at Beirut's port in a storage depot containing motor oil and tires, triggering panic among residents still traumatized by the devastat…
HighAir India Cuts 100 Daily Flights as Jet Fuel Prices Surge 80%
Air India is cutting nearly 100 flights daily across international routes due to soaring jet fuel prices that have surged 80% since February, forcing the airli…
HighIGL raises CNG prices across Delhi, Haryana, Rajasthan effective today
Indraprastha Gas Limited raised CNG prices across Delhi, Haryana, and Rajasthan effective December 4, 2021, with Delhi's rate climbing to Rs 53.04 per kg and r…
HighUAE Muscling Into African Minerals Race With Zambia Copper Deals
The UAE is aggressively acquiring African mineral assets, securing a Zambian copper mine and competing with China for another. This reflects wealthy Gulf state…
HighOil prices poised for sharp correction if Strait of Hormuz reopens by July
Fitch Ratings forecasts Brent crude will fall from $100-110 to $70 per barrel if the Strait of Hormuz reopens by July, driven by easing geopolitical tensions r…
HighOil from grounded tanker reaches Oman's coastline
Oman reports that oil from a grounded tanker has reached its coastline, marking an escalation in the environmental crisis from the maritime incident.
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