Rystad: Global Energy Import Dependence to Peak by 2034
Rystad Energy has published the fifth edition of its Global Energy Scenarios report, known as GES 2026, which the consultancy describes as its flagship annual publication. The series examines alternative futures for the global energy system. Its central projection is that the world's dependence on i
17 Oct 2026 · 1 min read
US Commercial Crude Stocks Fall Nearly 9 Million Barrels
US commercial crude oil inventories fell by almost 9 million barrels week over week, according to the US Energy Information Administration's latest weekly petroleum status report. The release put commercial crude stocks, which exclude oil held in the Strategic Petroleum Reserve, at 415.577 million b
17 Oct 2026 · 1 min read
Brent Crude Reaches $110 Amid Middle East Supply Risks
Brent crude reached $110 per barrel as oil prices moved sharply higher, with rising Middle East tensions and supply risks cited as the backdrop for the gain. According to the report, traders are weighing those risks as the situation develops. The gain therefore reflects how the market is pricing geo
17 Oct 2026 · 1 min read
Finder Energy books Hakuryu-5 rig for Timor-Leste KTJ wells
Finder Energy has signed a contract with ENEOS Drilling for the Hakuryu-5 semisubmersible drilling rig to drill the Kuda Tasi and Jahal (KTJ) development wells offshore Timor-Leste. The agreement secures a semisubmersible unit for the offshore campaign, with drilling operations scheduled to begin fr
16 Oct 2026 · 1 min read
Cheshire East Council Opposes £5B Peak Cluster CO2 Pipeline
Cheshire East Council has voted unanimously to oppose the proposed £5 billion ($6.63 billion) Peak Cluster carbon dioxide pipeline, becoming the fourth local authority to formally object to the scheme. All 66 councillors present at a meeting at Tatton Park backed an amended motion calling on the UK
16 Oct 2026 · 1 min read
Turkey to deploy first floating gas platform in Black Sea
Turkey is preparing to send its first floating gas production platform to the Black Sea, with the deployment scheduled for Saturday. The unit will be the country's first floating facility dedicated to offshore gas production. Once in place, it is expected to roughly double output from Turkey's large
16 Oct 2026 · 1 min read
Eni to Drill Up to Six Wells to Feed Coral North Platform
Eni will begin drilling offshore Mozambique from November, opening a campaign of as many as six development wells. The Italian energy firm is directing the wells' output to its new Coral North floating liquefied natural gas platform, which is also located offshore Mozambique. Development wells of th
16 Oct 2026 · 1 min read
Equinor and partners make oil and gas find near Oseberg
Equinor, working with partners Petoro and TotalEnergies, has made an oil and gas discovery near the Oseberg field in the North Sea. Early estimates put recoverable resources at between 19 and 50 million barrels of oil equivalent. The figures are described as preliminary, marking the assessment as an
15 Oct 2026 · 2 min read
Monumental Energy plans stake in Taranaki's Maata field
Monumental Energy, an explorer listed in Canada, has announced plans to acquire an interest in the Maata oil field in New Zealand. The route to that interest would run through a consortium of four companies working in the country's onshore Taranaki Basin. Drilling the Maata prospect is the stated ob
15 Oct 2026 · 1 min read
Brent Tops $106 as Hormuz Attacks and Inventory Draws Mount
Brent crude is once again trading above $106 as the oil market tightens from two directions at once. Iran is intensifying its attacks on tankers in the Strait of Hormuz, while global inventories are draining at the same time. To that mix OPEC has added a forecast of stronger demand for next year, a
15 Oct 2026 · 1 min read
Brookfield, NextEra to Build $100 Billion AI Hub at Paducah
The U.S. Department of Energy has announced a $100-billion private investment to redevelop the former uranium enrichment site in western Kentucky into the Paducah American Energy Hub. Energy Secretary Chris Wright is leading the initiative, which will bring together a private-sector coalition for wh
15 Oct 2026 · 2 min read
Saudi Arabia to Expand Petroline Pipeline to 10 Million bpd
Saudi Arabia plans to raise the capacity of its East-West crude pipeline, widely known as Petroline, to 10 million barrels per day within two to three years, Energy Minister Prince Abdulaziz bin Salman announced at the WPC Energy Congress in Riyadh. The project would add 3 million barrels per day to
14 Oct 2026 · 2 min read
Kinder Morgan Resumes US-Mexico Gas Deliveries After Repair
Kinder Morgan has resumed natural gas deliveries to Mexico through its Tennessee Gas Pipeline after completing repairs to infrastructure affected by an operational issue that had temporarily disrupted cross-border shipments. The Houston-based midstream operator lifted its force majeure declaration o
14 Oct 2026 · 1 min read
TotalEnergies Taps Vallourec for Absheron Tubular Supply
TotalEnergies has awarded Vallourec a contract covering the supply of tubular products for the Absheron gas field, located in Azerbaijan's sector of the Caspian Sea. The order amounts to more than 16,000 tonnes of tubular goods. It ties the pipe manufacturer to gas development work in the Azerbaijan
14 Oct 2026 · 1 min read
Seadrill Rig Awards Span SE Asia, Angola, US Gulf
Offshore drilling contractor Seadrill has secured a batch of new drilling contracts and extensions covering four of its rigs. The work is spread across four countries, taking in operations offshore Indonesia and Malaysia in Southeast Asia, offshore Angola in West Africa, and in the U.S. Gulf of Mexi
14 Oct 2026 · 2 min read
Oil Rises 2% to Two-Week High on Middle East Supply Risk
Crude benchmarks moved about 2% higher on Monday morning, reaching their strongest levels in nearly two weeks after fresh attacks on Saudi Arabia and on oil tankers near the Strait of Hormuz. The incidents returned Middle East supply risk to the forefront of trading, outweighing announcements from P
13 Oct 2026 · 1 min read
Coal Demand Rises as Persian Gulf LNG Stays Over 75% Lower
Global coal demand is rising as the shortage of liquefied natural gas deepens. LNG flows from the Persian Gulf remain more than 75% below the levels recorded before February 28th, and the shortfall is colliding with heating demand that is building ahead of winter. Prices show the strain. In Europe,
13 Oct 2026 · 1 min read
USDA Eliminates Upfront Funding Under Rural Energy Program
The Trump administration is restricting farmers' access to a federal rural energy program. The Department of Agriculture has issued new rules for its Rural Energy for America Program (REAP), under which farmers can obtain federal support for energy-efficiency projects and cheaper energy. The central
13 Oct 2026 · 1 min read
Shell to take 30% of Equinor's Bay du Nord offshore project
Shell is to take a 30% stake in Bay du Nord, an offshore oil development situated in the Flemish Pass basin. The agreement adds Shell to the ownership of Equinor's project, giving the company a minority position in the development. Equinor remains the project's owner, with Shell's stake held alongsi
12 Oct 2026 · 1 min read
Spanish LNG imports fall in September
Spain imported less liquefied natural gas in September than it did in the same month a year earlier, according to preliminary data from Enagas. The LNG terminal operator's monthly report shows a year-on-year decline in Spanish LNG imports. The United States supplied the majority of the volumes that
12 Oct 2026 · 1 min read
First PetroChina LNG cargo delivered to Gate terminal
PetroChina International has delivered its maiden liquefied natural gas cargo to the Gate import terminal in Rotterdam. The company, a unit of state-owned PetroChina, made the shipment under a long-term capacity agreement at the Dutch site. The delivery turns that contractual arrangement into physic
12 Oct 2026 · 1 min read