A power outage on Sunday forced the shutdown of Venezuela's largest refinery, the 645,000-barrel-per-day Amuay, workers from that facility said, the second refinery without electricity following two deadly earthquakes in the country. The South American nation has been struggling to provide power to industrial plants, refineries, businesses and citizens following the quakes, which have left at least 1,450 people dead. Amuay, key for fuel output for domestic distribution, was processing some [Read more]
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Oil climbs following renewed US, Iran strikes in Middle East
Oil prices rose on Monday following days of tit-for-tat strikes by the United States and Iran in the Middle East that underscored the fragility of their interim peace deal and again slowed energy shipping in the Strait of Hormuz. Brent crude futures climbed 52 cents, or 0.672%, to $72.51 a barrel by 2313 GMT while U.S. West Texas Intermediate crude was at $69.94 a barrel, up 71 cents, or 1.03%. Brent crude fell 10.6% last week, its third weekly decline, after crude shipments through the [Read more]
Australian energy exploration hits 10-year high in hunt for gas
Energy exploration has picked up sharply in Australia driven by growing Asian gas demand, technological advances and an improved investment climate, with the Iran war underscoring the urgency to develop supply, after years of sluggish spending. Quarterly oil and gas exploration spending in Australia, the world's No. 2 liquefied natural gas producer, hit a 10-year high of A$471 million ($329 million) in the March quarter, government data released in June shows. Energy investment sentiment has [Read more]
Williams in talks on $5.5 billion deal for Momentum Midstream, Bloomberg reports
U.S. pipeline operator Williams is in advanced talks to acquire rival natural gas pipeline operator Momentum Midstream for about $5.5 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. The Tulsa, Oklahoma-based company is putting the finishing touches on an agreement to buy Momentum from private equity firm EnCap Flatrock Midstream, the report said, adding that a deal could be announced in about a week. Reuters could not immediately verify the report. [Read more]
Minister Hodgson advances Canada’s mission to be an energy superpower at EMMC 2026
YELLOWKNIFE, NT, June 26, 2026 /CNW/ - As the world experiences an energy crisis with three dimensions — affordability, energy security and climate change — Canada faces a generational opportunity to unlock our natural resource abundance and provide for ourselves and our allies. The federal government is choosing to seize this pivotal moment to strengthen our position as a global energy superpower and to build a strong, prosperous, sovereign Canada. This week, while attending the 2026 [Read more]
Iran’s IRGC launches missile, drone strikes on US military sites in Kuwait, Bahrain
Iran's Islamic Revolutionary Guard Corps said early on Sunday that its navy and aerospace forces had launched a joint missile and drone operations targeting U.S. military sites in Kuwait and Bahrain in response to recent U.S. strikes against Iran. "Violating the ceasefire is contrary to Clause 1 of the Islamabad Memorandum of Understanding and will result in the complete halt of all diplomatic processes", the Guards said in a statement, according to Press TV. (Reporting by Yomna Ehab and Ahmed [Read more]
B.C. premier visiting China to pitch LNG project as province’s ‘really big fish’
VANCOUVER - British Columbia Premier David Eby says his first-ever trade trip to China will focus on pitching the province's forestry products and energy sector around LNG development, and that he approaches the mission with both excitement and caution. Eby spoke to reporters Saturday at Vancouver International Airport before jetting off for the trip, which will see him visit Beijing, Shanghai and Guangzhou. Eby said China is the province's second-largest trading partner, and the [Read more]
Iran says it hits US-linked targets as Bahrain reports drone attack
Iran said it struck targets linked to U.S. forces on Saturday in response to U.S. airstrikes on its southern coast, as each side continued to accuse the other of violating last week's agreement meant to end the four-month-old war. Iran's foreign ministry did not identify the locations of its "defensive" attacks, which it said were a response to "the barbaric air strikes" by the U.S. on its coastal surveillance facilities, which it said also violated the U.N. Charter. Later, Bahrain, which [Read more]
Norway oil service lockout takes effect, disrupts offshore drilling
Around 1,000 Norwegian oil service workers were locked out on Saturday morning in an escalation of a labour dispute that is expected to disrupt drilling and some production on the Norwegian continental shelf. The lockout was declared in response to an ongoing strike by several hundred members of the Safe union and will affect companies including SLB, Halliburton, Subsea 7, DOF Subsea, Weatherford, DeepOcean and Baker Hughes, an industry group Offshore Norway said on Friday. The country's oil [Read more]
Tanker reports strike by unidentified projectile in Strait of Hormuz, UKMTO says
A tanker has reported being struck by an unidentified projectile in the Strait of Hormuz, the United Kingdom Maritime Trade Operations said on Saturday. The vessel sustained damage to its bridge, but all crew were reported safe and no environmental damage had been reported at the time of the report, UKMTO added. (Reporting by Jana Choukeir; Editing by Andrew Heavens) [Read more]
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