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  • OTC 2026: Clarkson forecasts 24% decline in offshore oil, gas capex

    OTC 2026: Clarkson forecasts 24% decline in offshore oil, gas capex

    May 4th, 2026

    Clarkson Research projects offshore oil and gas capex this year to fall to $85 billion, the lowest since 2020.

    0 comments on OTC 2026: Clarkson forecasts 24% decline in offshore oil, gas capex
  • US launches pipeline initiative, support of Southern Interconnection pipeline

    US launches pipeline initiative, support of Southern Interconnection pipeline

    May 1st, 2026

    US Energy Secretary Chris Wright announced a framework to support natural gas infrastructure expansion.

    0 comments on US launches pipeline initiative, support of Southern Interconnection pipeline
  • Trump grants Bridger 500,000 bd/d oil pipeline permit to cross Canada-US border

    Trump grants Bridger 500,000 bd/d oil pipeline permit to cross Canada-US border

    May 1st, 2026

    The pipeline project, which still requires federal and state permits, faces opposition from environmental and Indigenous groups.

    0 comments on Trump grants Bridger 500,000 bd/d oil pipeline permit to cross Canada-US border
  • Chevron ‘steady as she goes’ in the Permian

    Chevron ‘steady as she goes’ in the Permian

    May 1st, 2026

    Mike Wirth told analysts that the continued uncertainty around the Iran war’s effect on supply means his team won’t

    0 comments on Chevron ‘steady as she goes’ in the Permian
  • ExxonMobil CEO: Venezuela ‘a huge resource…opened up more freely to the world’

    ExxonMobil CEO: Venezuela ‘a huge resource…opened up more freely to the world’

    May 1st, 2026

    The operator is evaluating Venezuela's infrastructure, fiscal terms, and political stability, aiming to leverage technological advancements to produce heavy

    0 comments on ExxonMobil CEO: Venezuela ‘a huge resource…opened up more freely to the world’
  • ExxonMobil posts $4.2-billion first-quarter earnings amid Middle East disruptions

    ExxonMobil posts $4.2-billion first-quarter earnings amid Middle East disruptions

    May 1st, 2026

    During the earnings call, CEO Darren Woods said markets have not yet fully reflected the impact of Middle East

    0 comments on ExxonMobil posts $4.2-billion first-quarter earnings amid Middle East disruptions
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LATEST SECTOR NEWS

  • OTC 2026: Clarkson forecasts 24% decline in offshore oil, gas capex
  • US launches pipeline initiative, support of Southern Interconnection pipeline
  • Trump grants Bridger 500,000 bd/d oil pipeline permit to cross Canada-US border
  • Chevron ‘steady as she goes’ in the Permian
  • ExxonMobil CEO: Venezuela ‘a huge resource…opened up more freely to the world’

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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