Conventional Energy

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Exxon Mobil Can Sue California Attorney General for Defamation Over Recycling, Judge Rules

Summary Judge rejects Rob Bonta’s immunity claim in defamation case Attorney general accused Exxon of lies, deception Claims against environmental groups are dismissed Bonta, Exxon not available for comment (Reuters) – A federal judge on Friday rejected California Attorney General Rob Bonta’s bid to dismiss Exxon Mobil’s  lawsuit accusing him of defamation in criticizing the oil …

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Oil Prices Settle Slightly Higher as Optimism Around US Inflation Data Outweighs OPEC Supply Concerns

Summary US CPI data suggests potential for further rate cuts, boosting risk appetite OPEC+ may resume oil output increases from April, impacting summer fuel demand Russia says next Ukraine peace talks set for next week Investors watch for US-Iran talks, easing Venezuelan sanctions HOUSTON, Feb 13 (Reuters) – Oil prices settled marginally higher on Friday …

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Caturus Signs LNG Supply Deal with Saudi Aramco

U.S. gas producer Caturus said on Friday it signed a 20-year agreement to supply 1 million tonnes per annum of LNG to Saudi Aramco from its proposed Louisiana export project. Last month, Reuters reported the deal, citing sources, between Aramco and Commonwealth LNG, owned and operated by Caturus. Commonwealth had said it wants to get to 8 …

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US Drillers Cut Three Oil Rigs, Add Three Gas Rigs, Leaving Weekly Count Unchanged, Says Baker Hughes

(Reteurs) – U.S. energy firms this week cut three oil rigs and added three natural gas rigs, keeping the overall rig count unchanged, energy services firm Baker Hughes said in its closely followed report on Friday. After rising for three weeks in a row, the oil and gas rig count, an early indicator of future …

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US Allows Oil Majors to Broadly Operate in Venezuela, New Energy Investments

By Timothy Gardner Venezuela’s interim President Delcy Rodriguez, U.S. Energy Secretary Chris Wright and U.S. Charge d’Affaires for Venezuela Laura Dogu visit oil production facilities at the joint venture between Chevron and state oil company PDVSA in the Orinoco Oil Belt Oil majors with offices in Venezuela granted general license New investments in oil and …

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OPEC+ Leans Towards Resumption in Oil Output Increases From April, Sources Say

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler Eight OPEC+ members meet on March 1 OPEC+ has paused increases for first quarter of 2026 Brent crude price near highest since August Russia’s Novak predicts increased demand from March-April MOSCOW/LONDON, Feb 13 (Reuters) – OPEC+ is leaning towards a resumption in oil output increases from April, …

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India’s Reliance Wins US Licence for Venezuelan Oil, Sources Say

By Nidhi Verma and Jarrett Renshaw Reliance applied for general authorisation in January Direct import of Venezuelan oil to help replace Russian oil Trump wants India to buy more oil from US and Venezuela NEW DELHI/WASHINGTON, Feb 13 (Reuters) – The United States has issued a general licence to India’s Reliance Industries Ltd (RELI.NS), opens …

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Enbridge Reports Record 2025 Financial Results, Reaffirms 2026 Financial Guidance, and Grows Secured Backlog to $39 Billion

February 13, 2026 CALGARY, AB, Feb. 13, 2026 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported fourth quarter 2025 financial results, reaffirmed its 2026 financial guidance and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please …

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ConocoPhillips and Partners to Invest $2 Bln in Greater Ekofisk Gas, Condensate

(Reuters) – ConocoPhillips and its partners will invest some 20 billion Norwegian crowns ($2.11 billion) to restart production at three fields in the Greater Ekofisk area by the end of 2028, plans presented to the Norwegian government showed on Friday. The project, called the Previously Produced Fields (PPF), aims to extract more hydrocarbons from late-life Albuskjell, …

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Oil Prices Set for Another Weekly Decline as Iran Risks Recede

  Summary Trump says US could conclude Iran deal over the next month Venezuelan oil supply expected to ramp up, says analyst IEA lowers global oil demand forecasts for this year Kremlin says next Ukraine peace talks set for next week (Reuters) – Oil prices edged higher on Friday but were on track for a …

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