AI Could Make Big Oil Even Bigger

AI is changing energy systems, but data centers are only a small part of the impact. Much has been written and said about how the data center and AI boom are consuming and will consume increasingly higher shares of global electricity demand, and grids are struggling to meet soaring demand. Fossil Fuel Gains Could Outweigh Emissions Cuts from Renewables Arguably, a fundamental change in the energy system may not come from surging power demand, but from the efficiencies and productivity gains AI will help energy companies achieve, according to a…

Evolution Petroleum to buy Permian Basin assets in $16M deal, launches stock offering

Tamarack Valley Energy initiated Buy at Jefferies on 'compelling' cash flow growth

Reconnaissance Energy Africa Ltd. reports Q2 results

Proposed Canadian crude oil pipeline projects

(BOE Report) A series of new Canadian crude oil export pipeline projects could help the world’s fourth-largest oil producer [ ]

Phillips 66 stock hits 52-week high as pipeline deal adds to rally

U.S. shale majors cut spending despite higher oil prices

(Oil Price) U.S. oil companies dominating the shale patch are planning to trim their spending plans and instead take [ ]

SLB secures contract to restore offshore production for Brunei Shell Petroleum

Volt Carbon Advances Graphite-to-Graphene and Expandable Graphite Manufacturing Platform

(TSXV: VCT) (OTCQB: TORVF) Volt Carbon Technologies Inc. has developed a flexible downstream manufacturing process at its Guelph, Ontario facility and has produced multiple batches of graphene oxide and expandable graphite for product trials. The process is designed to operate downstream from Volt's proprietary air classification technology and can be configured to produce either graphene oxide or expandable graphite. Volt has advanced its graphene manufacturing process from approximately five-layer reduced graphene oxide to approximately three graphene layers, as indicated by recent XRD characterization at University of Waterloo laboratories. Independent testing by ProGraphite GmbH of graphite processed using Volt's dry separation technology achieved an expansion rate of 325 mL/g and approximately 98.5% carbon after expansion. Additional equipment ordered to support batch-scale production of graphene-based materials and expandable graphite has arrived at Volt's Guelph facility and is being incorporated into the Company's downstream processing capabilities. In previous epoxy testing, a 0.5% loading of graphene represents approximately 5 kg per tonne of finished composite. Volt Carbon holds mineral interests in Quebec and British Columbia, Canada, and operates facilities supporting both carbon material processing and battery technology development.

International Frontier Resources Corporation and Kinjal Corporation Announce Execution of the Definitive Sale and Purchase Agreements for the Acquisition of Mision Field

(TSXV: IFR) International Frontier Resources Corporation's wholly owned subsidiary, Petro Frontera, has executed definitive sale and purchase agreements with Tecpetrol Operaciones and Industrial Perforadora de Campeche for the acquisition of 100% of the share capital of Servicios Múltiples de Burgos, S.A. de C.V., which holds the Misión Field asset. SMB is the operator and holder of a 49% working interest, and together with partner PEMEX, holds the contract with the Secretariat of Energy of the United Mexican States for the Exploration and Extraction of Hydrocarbons under the modality of a Production-Sharing Arrangement CNH-M3-Misión/2018, dated March 2, 2018. Misión is the largest privately operated natural gas field on land in Mexico, currently producing approximately 60 MMcf/d gross (10,000 boepd gross) with condensate volumes. There is potential to restore production toward ~120 MMcf/d gross (20,000 boepd gross) through development drilling, recompletion program, and field optimization. Both sale and purchase agreements (for 24.5% and 24.5% respectively) have been executed on substantially similar terms. PF and Tecpetrol have also executed a detailed transitional services agreement to ensure a seamless handover of SMB's business to PF, effective as of the closing date and continuing for a period of three months, with an option to extend for a further three months at PF's option. Closing of the SMB acquisition is still subject to a number of conditions precedent, including PEMEX's waiver of their right of first refusal and SENER's approval of change of operatorship.

Ecopetrol Completes Acquisition of a Controlling 51% Stake in Brava Energia S.A. and Strengthens Its Growth Platform in Brazil

(NYSE: EC) Ecopetrol S.A. announced that, through its wholly owned subsidiary Ecopetrol Investimentos do Brasil Ltda., it has completed the acquisition of a controlling interest equivalent to approximately 51% of the outstanding voting share capital of Brava Energia S.A. The aggregate consideration paid in connection with the Transaction was approximately US$1.2 billion. Ecopetrol Investimentos acquired 116,110,717 common shares of Brava, representing approximately 25% of Brava's outstanding share capital, through a voluntary tender offer. Ecopetrol Investimentos also acquired 120,813,490 common shares of Brava, representing approximately 26% of Brava's outstanding share capital, through a share purchase agreement dated April 23, 2026. Brava's estimated proved reserves (1P) as of December 31, 2025, are approximately 459 million barrels of oil equivalent, and estimated proved plus probable reserves (2P) are approximately 605 million barrels of oil equivalent. For the twelve-month period ended June 30, 2026, Brava reported revenue of approximately US$2.341 billion, EBITDA of approximately US$1.050 billion, and net income of approximately US$122.2 million.

U.S.-Iran tensions push oil prices higher as diesel margins hit records

(Oil Price) Declarations by Iran and the U.S. earlier this week make the prospect of peace in the Middle [ ]

Targa Secures Long-Term ExxonMobil Agreements Across the Permian

TRP expands its ExxonMobil pact through 2046, adding Permian acreage, 825 MMcf/d of processing capacity and Bull Run II.

Executive Dumps Over 52,000 Shares of Iconic Energy Stock, After It Surges 101% in One Year

Harbison exercised stock options at $100.44 per share and immediately sold at $223.76, capturing significant gains after Phillips 66's 88% one-year return.

Chevron discovers oil and gas condensate in Angola’s Block 0

Chevron, through its subsidiary Cabinda Gulf Oil Company (CABGOC), has discovered oil and gas condensate at the 105-4X exploration well in Block 0 offshore Angola.

ExxonMobil awards $1.1bn pre-FID contracts for Rovuma LNG phase one

ExxonMobil Moçambique has awarded around $1.1bn in pre-investment contracts for Phase 1 of the Rovuma LNG project located in Cabo Delgado, Mozambique.

WhiteWater and partners approve FID for Solitude Pipeline System

WhiteWater along with its joint venture (JV) partners Devon Energy, Diamondback Energy, Western Midstream Partners (WES), and MPLX have reached a final investment decision (FID) to construct the Solitude Pipeline System in the US.