Holding global temperature rise to 2 degrees Celsius by end of century remains possible - though increasingly challenged - while more ambitious targets increasingly out of reach, new country-specific analysis shows NEW YORK, Sept. 17, 2026 /PRNewswire/ -- The global economy is on the cusp of a major shift where most of future global energy demand growth will come from emerging markets and developing economies (EMDEs). The new realities of meeting this demand alongside the need for energy [Read more]
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Global LNG prices could spike this winter on low European gas stocks
Global LNG prices could shoot higher this winter as Europe holds its lowest stocks in years and North Asian buyers face increased competition with the Strait of Hormuz still closed, executives said at an industry conference this week. Europe will enter this winter more vulnerable than usual amid storage levels that are lower than last year, industry executives and analysts said at Gastech in Bangkok. At the same time, the war on Iran has prevented Qatar and the United Arab Emirates from [Read more]
Oil prices extend losses on easing fears of Middle East supply disruption
Oil prices eased on Thursday, extending losses on reports of Saudi Arabia offering extra crude cargoes through Oman, which reduced fears of supply disruptions, but stayed above $100 on concerns about the Middle East conflict expanding. Brent crude futures dropped $1.88, or 1.8%, to $103.95 a barrel by 0632 GMT, while U.S. West Texas Intermediate futures were down $1.77, or 1.7%, at $100.66 a barrel. Both contracts fell about $3 on Wednesday. "Concerns over supply tightness eased slightly [Read more]
Trump hopes Iran war nearing end as Houthi-Saudi fighting escalates
U.S. President Donald Trump said he hoped an end to the war against Iran was near, as the conflict, in its seventh month, escalated with Saudi aircraft pounding Yemen and Houthi fighters launching drones and missiles at Saudi cities. The Iran-backed Houthis' lightning advance in Yemen along the Red Sea and their attacks on Saudi Arabia, along with attacks that damaged Saudi Arabia's East-West oil pipeline, have extended Tehran's reach in the war and heightened global oil-supply risks. As [Read more]
LNG spot price surge deters Asian buyers, but saves Europe: Russell
Asia's imports of liquefied natural gas are set for the weakest September in eight years as high spot prices deter buyers in China and South Asia. The top-importing continent is expected to see arrivals of 20.09 million metric tons of the super-chilled fuel in September, the lowest for this month since the 19.88 million in September 2018, according to data compiled by commodity analysts Kpler. Asia's imports are down from the 22.27 million tons in September last year, and also a drop from [Read more]
Greenfire Resources Announces Closing of Rights Offering
Calgary, Alberta--(Newsfile Corp. - September 16, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce the successful completion of its previously announced C$775 million offering of rights (the "Rights") to all eligible Greenfire shareholders to purchase additional common shares of the Company (the "Common Shares") which expired at 4:00 p.m. (Calgary time) on September 15, 2026 (the "Rights Offering"). At the completion of the Rights [Read more]
ExxonMobil nears Venezuela oil deal, WSJ reports
ExxonMobil is nearing a preliminary deal to invest in Venezuela's oil fields while negotiating a potential return to the country nearly two decades after its exit, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. ExxonMobil could sign a memorandum of understanding with state-run Petróleos de Venezuela as soon as this month to explore investing in a number of developed and undeveloped fields, according to the report, though the talks could still fall apart [Read more]
Only 2 of these 9 former junior oil and gas companies still remain – How consolidation has reshaped the Canadian E&P universe in 6 short years – StackDX Intel
We came across an old overview table the other day from the spring of 2020. It listed publicly traded Canadian oil and gas producers covered by a research firm at the time. You'd hardly recognize the list today. Only two of the nine junior producers remain as independent public companies. Half of the small intermediates are gone, and half of the large intermediates have also been consolidated. The list is by no means exhaustive (apologies to those companies not on here!). Many small and [Read more]
Precision Drilling Announces Renewal of Normal Course Issuer Bid
CALGARY, Alberta, Sept. 16, 2026 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. Precision Drilling Corporation (Precision or the Company) (TSX: PD; NYSE: PDS) announced today [Read more]
Continental Resources Signs Memorandum of Understanding with Petróleos de Venezuela, S.A. (PDVSA) to Operate and Develop the Ayacucho 2 Block in Venezuela’s Orinoco Belt
OKLAHOMA CITY, Sept. 16, 2026 /PRNewswire/ -- Continental Resources, Inc. (Continental) today announced the signing of a Memorandum of Understanding (MOU) with PetrÓleos de Venezuela, S.A. (PDVSA) to operate and develop the Ayacucho 2 Block in Venezuela's Orinoco Oil Belt, one of the world's most prolific oil-producing regions. The parties intend to advance a long-term Contrato de ParticipaciÓn Productiva (CPP) agreement in the coming weeks. Following the Trump Administration's call for [Read more]
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