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Japex Aims to Quadruple Oil and Gas Output in 10 years, Eyes US Expansion

CDN and International News, Latest, Natural Gas, Oil / By

Japan Petroleum Exploration said on Wednesday it plans to quadruple its oil and gas output over the next decade, investing 1.16 trillion yen ($7.3 billion) in exploration and production, mainly in the United States. The company, which recently acquired Verdad Resources Intermediate Holdings for $1.3 billion in its largest-ever deal, will allocate more than half …

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How the Iran War Oil and Gas Supply Shock Compares with Past Disruptions

CDN and International News, Latest, Oil / By

By Alex Lawler (Reuters) – The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least one earlier shock had a greater cumulative impact, according to Reuters calculations based on International Energy Agency and U.S. Department of Energy …

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Iran War Conflict Could Create Systemic Gas Demand Destruction, Says Top Sector Official

CDN and International News, Conventional Energy, Latest, Natural Gas / By

Reuters The natural gas demand destruction currently resulting from the Iran war as governments implement measures to mitigate the crisis risks becoming structural if the conflict persists, the head of the Gas Exporting Countries Forum said on Wednesday. Since the Middle East crisis began at the end of February, more than 500 million barrels of …

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China’s CATL Debuts EV Battery With Speedy Six-Minute Recharge and a 1,000-km Range

Batteries, Electric Vehicles, Energy Topics & Technology, Latest, US News / By

The world’s largest EV-battery manufacturer is looking to stay ahead of BYD and other competitors Contemporary Amperex Technology Co. Ltd., the world’s largest electric vehicle battery manufacturer, unveiled a new fast-charging technology ahead of the Beijing auto show in a bid to stay ahead of BYD Co. Ltd. and other competitors. The Ningde-based company, better …

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North Dakota Crude Output to Rise as Operators Eye High Oil Prices

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

(Reuters) – North Dakota crude output is set to climb in the coming months as surging oil prices spur operators to ramp up activity, a state regulator said Tuesday. Operators in the third largest oil-producing state are responding to higher oil prices, boosting output from existing wells while holding back on new drilling amid sharp …

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Oilfield Service Firm Halliburton is Discussing Commercial Terms With Customers for Venezuela Operations

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

(Reuters) – Oilfield service firm Halliburton on Tuesday said it has been discussing commercial terms with customers for operations in Venezuela after making visits to its existing facilities in the country. Interest in Venezuela has ramped up dramatically since the U.S. capture of former President Nicolas Maduro in January, with oil producers and investors looking …

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Mercuria Expects China to Return to Buying Oil Within Weeks After Heavy Sales During Iran Crisis

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – China will have to return to buying large volumes of oil within three weeks after being a big seller during the peak of the Iran supply crisis, the head of Mercuria, one of the world’s largest energy traders, told the FT Commodities Summit. Marco Dunand said China was selling commercial stocks it had …

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Oil Prices Don’t Reflect Scale of Supply Hit, Analysts Say

Conventional Energy, Latest, Oil, US News / By

Brent futures have been remarkably volatile since the start of the Iran war By Alex Longley and Grant Smith Oil prices don’t fully reflect the largest supply disruption ever, after the Iran war effectively closed the Strait of Hormuz, some of the market’s top analysts said. So far, the conflict has caused the loss of …

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Canadian Oil Sands: A Highly Economic and Growing Resource Approaching a Pipeline Crossroads

CDN and International News, Conventional Energy, Latest, Oil, Press Releases / By

 WCSB oil production can grow 1 MMbbl/d — but more pipeline capacity will be needed by the early 2030s CALGARY, Alberta (Apr. 21, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Oil Sands Play Fundamentals: From Pariah to Priority, which details why the Canadian …

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Saudi Arabia February Crude Exports Up, Output Highest Since 2022, JODI Says

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Saudi Arabia’s crude oil exports rose to 7.276 million barrels per day in February, from 6.993 million bpd in January, while crude output hit its highest level since October 2022, Joint Organizations Data Initiative (JODI) data showed on Tuesday. Saudi production in February was about 10.882 million bpd, the JODI data showed, up …

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