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  • Poll results: Iran war resets LNG market risk perceptions

    Poll results: Iran war resets LNG market risk perceptions

    June 1st, 2026

    Twenty-four percent of respondents said higher financing costs for new LNG projects was most concerning, while another 24% said

    0 comments on Poll results: Iran war resets LNG market risk perceptions
  • Market Focus: Hormuz disruptions tighten global oil markets as recovery risks persist

    Market Focus: Hormuz disruptions tighten global oil markets as recovery risks persist

    May 26th, 2026

    Strait of Hormuz disruptions are tightening global energy markets, with supply recovery expected to be slow, uneven, and insufficient

    0 comments on Market Focus: Hormuz disruptions tighten global oil markets as recovery risks persist
  • The Hormuz yo-yo continues for oil prices

    The Hormuz yo-yo continues for oil prices

    May 23rd, 2026

    WTI’s high was Monday’s $109.50/bbl for June while the Low was Friday’s $95.50 for July. Brent crude hit its

    0 comments on The Hormuz yo-yo continues for oil prices
  • Vietnam’s Dung Quat refining complex advances digital transformation

    Vietnam’s Dung Quat refining complex advances digital transformation

    May 22nd, 2026

    Newly renamed Petrovietnam Refining and Petrochemical Corp. has inked an agreement with AVEVA Software to evaluate applications of advanced

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  • Vår Energi lets EPCI contract for Goliat field work offshore Norway

    Vår Energi lets EPCI contract for Goliat field work offshore Norway

    May 22nd, 2026

    Subsea 7 secured a contract to help develop subsea infrastructure, including a 12.7-km pipeline and related subsea infrastructure.

    0 comments on Vår Energi lets EPCI contract for Goliat field work offshore Norway
  • Petroecuador restarting FCC unit at Esmeraldas refinery

    Petroecuador restarting FCC unit at Esmeraldas refinery

    May 21st, 2026

    The state-owned company is gradually resuming the unit operations to increase local gasoline and LPG production, aiming for full

    0 comments on Petroecuador restarting FCC unit at Esmeraldas refinery
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LATEST SECTOR NEWS

  • Strait of Hormuz closure highlights US, global energy security vulnerabilities: API
  • JPMorgan conference notes: COO says EOG will ‘continue to be explorationist’
  • UAE’s OPEC exit highlights strategic value of Fujairah exports amid Strait of Hormuz disruption
  • Chevron to build gas-fired West Texas power plant, supply Microsoft
  • Comstock farms out minority interest in midstream subsidiary for $600 million

ABOUT US

FORTecx is a Canadian-based group, specializing in unique, ‘state of the art’ proprietary Formulas, Ultrasonic Procedures and End-to-End Eco Processes for the fast recovery of oil from primary, secondary and waste sources.

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