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.
An explosion at Venezuela's Cardon refinery in Punto Fijo has forced suspension of operations. The fire, originating in a gas line, affects a facility capable of processing 300,000 barrels daily.
Venezuela's Cardon refinery has been halted following a fire incident. No injuries were reported in the incident.
Predatory wasps are hijacking hollow chambers in tropical trees that evolved to shelter protective ants, disrupting a 10-million-year partnership. The takeover is far more common in disturbed landscapes like oil palm plantations, threatening forest recovery.
Cenovus agreed to acquire Athabasca Oil for $5.7 billion while Suncor sold offshore assets for $1.2 billion, both companies doubling down on Alberta oilsands operations.
Cenovus Energy agreed to buy Athabasca Oil for $5.7 billion while Suncor sold offshore assets for $1.2 billion, both companies consolidating their oilsands operations in northern Alberta.
Major oil exporters have agreed to maintain current production levels in November, signaling stability in global energy markets amid ongoing geopolitical and economic considerations.
A sixth of global LNG supply is offline due to Qatar's plant shutdown, creating price pressures and supply risks across Asia and Europe heading into winter, though long-term oversupply looms.
Oil prices slipped as Middle Eastern crude exports increased and the G7 announced plans to release strategic petroleum reserves, adding supply pressure to global markets.
Japan's XRISM observatory has made the first direct observation of a neutron star pulsar capturing stellar wind from a companion giant star, revealing plasma dynamics near the pulsar at unprecedented detail.
OPEC+ has decided to maintain its November oil output targets steady, signaling stability in global crude production policy amid ongoing market dynamics.
Nigerian airlines received 749.2 million litres of aviation fuel January-August 2026, with significant monthly fluctuations ranging from 1.6 to 6 million litres daily, straining operations as fuel costs consume 45-50% of airline expenses.
US coastguard found debris from a Canadian-registered air ambulance jet that disappeared while flying from Bermuda to Boston with six people on board, including four Canadians and two Bermudians.
The Hungarian Natural History Museum in Budapest showcases the country's oceanic heritage through a 20-meter whale skeleton and exhibits of marine fossils, including a 180-million-year-old marine crocodile that reveals landlocked Hungary was once covered by the Tethys Ocean.
G7 nations agreed to release 100 million barrels of oil and diesel to combat elevated fuel prices, with diesel distribution beginning immediately.
Baseball's postseason has reached the League Divisional Series stage. Former Mets GM Steve Phillips provides expert analysis on the ALDS and NLDS competitions.
G7 nations announced a coordinated release of 100 million barrels of oil and diesel fuel in response to soaring energy prices, aiming to stabilize global markets.
UK diesel has reached an all-time high of £2 per litre, with petrol also rising sharply to 174.71p. The RAC warns price increases show no signs of slowing, adding pressure on motorists.
The G7 has agreed to release 100 million barrels of diesel and other petroleum reserves through the International Energy Agency, likely aimed at stabilizing global energy markets.
G7 leaders agreed to release up to 100 million barrels of strategic oil reserves over four months to stabilize diesel prices amid global energy market volatility linked to Middle East tensions.
Trump threatened to charge South Korea more if it rejects an Alaska LNG project, after announcing a $54 billion energy investment that Seoul says was premature and exceeded agreed terms.
Diesel prices in the Philippines are expected to decrease by P0.50-P0.80 per liter next week while gasoline rises P1.50-P1.80 per liter, driven by Middle East supply disruptions.
New video footage of a FlyDubai incident has surfaced while documents reveal a woman's account of feeling exploited during the event. Middle East oil exports remain elevated with sustained price pressures.
Canada's proposed Alberta-to-Pacific oil pipeline aims to reduce separatist sentiment in Alberta while decreasing energy dependence on the U.S.
UNICEF has delivered 8.7 billion sachets of ready-to-use therapeutic food (RUTF) since 1996, a fortified peanut paste that treats severe acute malnutrition in children without requiring refrigeration or preparation.
