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Is the West’s 100-Year Venezuela Oil Bet About To Backfire?
Centuries ago, the untamed jungles of Venezuela's Orinoco Basin helped power the myth of El Dorado, a city made entirely of gold. But for the new adventurers staking a claim in the country's black gold instead, there is no myth involved, b…
European equities edge higher as easing crude overshadow yield spikes
Investing.com - European equities snapped back on Friday, recovering from a near one-week low in the prior session as a 1% drop in crude oil prices offered relief to energy-intensive sectors and rate-sensitive growth stocks. Still guessing…
TotalEnergies partners with GIP for African oil and gas assets
TotalEnergies has entered into a partnership agreement with Global Infrastructure Partners (GIP), part of BlackRock, involving its interests in certain oil and gas infrastructure assets in Africa. Under the terms of the agreement, GIP will…
TotalEnergies makes new oil discovery in Angola’s Block 17
TotalEnergies has announced the Acacia-5 oil discovery in Block 17 offshore Angola and plans to bring the new field into production just three months after its discovery in June 2026. The development is expected to increase Block 17 output…
For the second time this decade, a war has upended global oil markets and sent oil prices and refining margins to multi-year highs, benefitting the world's biggest oil companies and top refiners. The war in Iran has tightened fuel supply a…
Shell Sells Cyprus Gas Stake to MOL for $720 Million
Shell has agreed to sell its wholly-owned subsidiary BG Cyprus Ltd to MOL Group of Hungary for $720 million, as the UK-based oil and gas supermajor targets to grow its LNG value chain. Shell on Friday announced the agreement with MOL Group…
Global oil stocks tumble as crude prices retreat after U.S. halts Iran strikes
Investing.com -- Shares in oil and gas producers across the U.S. and Europe fell sharply after the U.S. military halted two weeks of strikes on Iran, with Tehran signaling it would suspend its own attacks as long as the pause holds, easing…
Insurers Flock to Oil Projects Outside the Middle East
Global insurers had just shaken off the ESG push from earlier this decade when the Middle East conflict upended oil and gas upstream project coverage. The world's lowest-cost oil and gas producing region became a war zone at the end of Feb…
Floating Production Systems (FPS) Market Size to Worth $28.09 Billion by 2035 | SNS Insider
Austin, July 22, 2026 (GLOBE NEWSWIRE) -- Floating Production Systems (FPS) Market Size & Growth Insights: According to the SNS Insider, “The global Floating Production Systems (FPS) Market was valued at USD 16.15 Billion in 2025 and is pr…
ExxonMobil and partners commit $1bn to launch Usan Infill Project
ExxonMobil, alongside its partners, is set to invest $1bn in on-block operations at the Usan Infill Project within Oil Mining Lease 138 offshore Nigeria. The project is expected to add 40,000 barrels per day (bpd) of oil production. An ann…
TotalEnergies Eyes Offshore Exploration Deal in Syria
TotalEnergies is looking to discuss the potential signing of an exploration contract offshore Syria with officials in Damascus, the French supermajor's chief executive, Patrick Pouyanné, said during a visit to the Middle Eastern country. "…
Tenaris inaugurates new service center in Suriname to support TotalEnergies’s GranMorgu offshore project
Tenaris SA PARAMARIBO, Suriname, June 30, 2026 (GLOBE NEWSWIRE) -- Tenaris announced today that operations have started at its new service center in Suriname, built to support the GranMorgu project, the country's first major offshore devel…
Cypriot natural gas could start flowing from ExxonMobil's discoveries by 2033
NICOSIA, Cyprus (AP) — Natural gas could start flowing by 2033 out of two undersea deposits discovered by ExxonMobil off Cyprus, a senior executive with the company said Tuesday, helping to turn the east Mediterranean island nation into a…
Is Libya Quietly Becoming the Biggest Oil Prize the West Can’t Afford to Ignore?
At around the same time as OPEC raised its long-term oil demand forecast for the third consecutive year — now expecting global consumption to rise 19 million barrels per day (bpd), or 18%, by 2050 — Libya's state-owned National Oil Corpora…
BP, TotalEnergies Join Bab Gas Cap Project in Abu Dhabi
BP, TotalEnergies Join Bab Gas Cap Project in Abu Dhabi·rigzone.com This article was first published on Rigzone here BP PLC and TotalEnergies SE have each acquired a 10 percent stake in the Bab Gas Cap project onshore Abu Dhabi. Expected t…
Saipem begins offshore works for GranMorgu project in Suriname
Saipem has begun offshore operations for the GranMorgu project in Suriname following the arrival and mooring of the Normand Navigator construction vessel at Jules Sedney Harbour in Paramaribo. This mobilisation marks the first phase of act…
Stocks slip as Fed rate outlook offsets optimism over Iran deal
By Amanda Cooper LONDON, June 18 (Reuters) - Global stocks were torn on Thursday between concern about the rising chances of a U.S. rate hike this year after the Federal Reserve's meeting and optimism over the reopening of the Strait of Ho…
Falling Murban and Dubai Prices Open Arbitrage to U.S. and Europe
Crashing prices of Middle East's key benchmark crudes in the wake of the U.S.-Iran deal have opened arbitrage for shipping oil from the Middle East to the United States and Europe, traders told Reuters on Wednesday. The earlier spot premiu…
ExxonMobil weighs early stage bid for Woodside Energy Group
ExxonMobil is assessing possible acquisition targets that include Australia-based Woodside Energy Group, according to a report from Bloomberg News, citing unnamed sources. The US-based oil and gas company is said to be holding initial inte…
Schwab’s Global Dividend Play Delivers Cash Flow Without the Mega-Cap Concentration
Quick Read SCHY's ~4% yield draws from 100 ex-US dividend stocks with 10-year payment histories, but BHP and Eni tie distributions to volatile commodity cycles. SCHD outperforms SCHY with 20% gains year to date and stronger dividend growth…
Oman’s Main Oil Terminal Resumes Operations After Explosion
(Bloomberg) -- Operations at Oman’s main crude oil export terminal resumed after an explosion disrupted loadings earlier Friday, according to traders familiar with the matter. Most Read from Bloomberg SpaceX, Other Mega IPOs Denied Fast In…
Polymer Modified Bitumen Market to Reach $21.83 Billion by 2035 as Global Demand for Durable Road Infrastructure Accelerates | Report by SNS Insider
Austin, June 01, 2026 (GLOBE NEWSWIRE) -- The Polymer Modified Bitumen Market was valued at USD 14.06 Billion in 2025.It is expected to reach USD 21.83 Billion by 2035, at a CAGR of 4.52% from 2026 to 2035. Rising demand for durable road c…
Total Energy Services Inc. Reports On Voting From The Annual Meeting Of Shareholders
CALGARY, Alberta, May 19, 2026 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces that the following matters were voted upon at the Company’s annual meeting of Shareholders on May 19, 2026…
Key Points Interested in Total Energy Services Inc.? Here are five stocks we like better. Total Energy Services reported a 25% year-over-year rise in first-quarter revenue and higher EBITDA, driven mainly by strong demand in its Compressio…
BP, Shell, TotalEnergies Pocket Billions in War-Driven Trading Windfall
The European oil majors with the biggest trading desks raised their trading profits by up to $4.75 billion in the first quarter from the end of last year, amid extreme market volatility driven by the war in Iran. The biggest European major…
Shell profit jumps as Mideast war fuels oil prices
Energy majors have profited from their trades as oil and gas futures swung between big gains and losses on the war's latest headlines (HENRY NICHOLLS)·HENRY NICHOLLS/AFP/AFP British energy giant Shell announced Thursday rising net profits…
Sintana Energy eyes drilling, seismic milestones across Atlantic margin portfolio in 2026
Sintana Energy eyes drilling, seismic milestones across Atlantic margin portfolio in 2026 Proactive uses images sourced from Shutterstock Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) is positioning itself for a catalyst-r…
LNG Terminal Market Size to Worth USD 22.79 Billion by 2035 | Research by SNS Insider
Austin, April 17, 2026 (GLOBE NEWSWIRE) -- LNG Terminal Market Size & Growth Outlook: According to the SNS Insider, “The LNG Terminal Market Sizewas valued at USD 8.31 billion in 2025 and is expected to reach USD 22.79 billion by 2035, gro…
Iraq’s perennial unwillingness to reduce the vast amount of gas that it burns while drilling for oil (‘associated gas’) caused it three major problems over the years. To begin with, by failing to capture this gas for domestic power generat…
Uncovering Canada's Hidden Stock Gems This April 2026
In April 2026, the Canadian market is navigating through a complex economic landscape, with inflationary pressures expected to peak before moderating later in the year. Despite these challenges, the S&P/TSX index has shown resilience with…
TotalEnergies, Aramco Refinery Shut After Being Damaged Amid Iran Conflict
Smoke billowing from a nearby Aramco oil facility (Abqaiq) after an attack on April 8. - European Union/copernicus Sentin/Handout/Reuters France’s TotalEnergies said a refinery complex jointly owned with the Saudi national oil company has…
A Global Oil Crisis Is Giving Suriname’s Offshore Dreams New Life
The latest global oil shock has created an ideal environment for Suriname’s struggling oil boom. The impoverished South American country of less than seven hundred thousand is endeavoring to launch a transformative oil boom. Poor drilling…
How the U.S. and Europe Are Betting Differently on Energy Security
Europe is making a push for a robust homegrown offshore wind sector at the same time that the United States is gutting its own. The world's largest wind farm, currently under construction in the North Sea, made major progress on March 26 w…
No end in sight as Iran war fuels surge in oil prices
Wall Street was SOOOO excited on Tuesday. President Donald Trump said he could live with not taking over the Strait of Hormuz. And investors around the world celebrated. Celebrated is the only word for a gain of 1,125-point gain in the Dow…
Government can’t handle Iran war fallout ‘on its own’, Starmer admits
Keir Starmer discussed measures to support households with bosses including incoming BP chief Meg O’Neill (left) - Jaimi Joy-WPA Pool/Getty Images Sir Keir Starmer has admitted the Government cannot tackle the fallout from the war in Iran…
Oil prices rise, stocks diverge tracking Mideast war developments
Donald Trump told the Financial Times that he wanted to 'take the oil in Iran' and could take the country's Kharg Island 'very easily' (Mandel NGAN)·Mandel NGAN/AFP/AFP Oil prices rose and stock markets diverged Monday as the Middle East c…