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  • Klesch Group to acquire bp’s Gelsenkirchen refinery business

    Klesch Group to acquire bp’s Gelsenkirchen refinery business

    March 19th, 2026

    The acquisition enhances Klesch's refining assets in Europe, complementing existing complexes in Denmark and Germany, as bp continues its

    0 comments on Klesch Group to acquire bp’s Gelsenkirchen refinery business
  • Trump waives Jones Act for 60 days to blunt oil, gas price spike

    Trump waives Jones Act for 60 days to blunt oil, gas price spike

    March 19th, 2026

    The temporary suspension allows more international tankers to transport oil and gas to US ports, addressing logistical bottlenecks, but

    0 comments on Trump waives Jones Act for 60 days to blunt oil, gas price spike
  • EIA: US crude inventories up 6.2 million bbl

    EIA: US crude inventories up 6.2 million bbl

    March 18th, 2026

    At 449.3 million bbl, US crude oil inventories are about 1% below the 5-year average for this time of

    0 comments on EIA: US crude inventories up 6.2 million bbl
  • Petrobras plans to acquire full ownership of certain Campos basin fields

    Petrobras plans to acquire full ownership of certain Campos basin fields

    March 18th, 2026

    In a move to expand its assets, Petrobras plans to acquire a 50% stake in two Campos basin fields

    0 comments on Petrobras plans to acquire full ownership of certain Campos basin fields
  • Sonangol extends contract for Quenguela drillship

    Sonangol extends contract for Quenguela drillship

    March 17th, 2026

    The extension includes a seven-well option at a fixed price, ensuring continued ultra-deepwater drilling operations and committing the rig

    0 comments on Sonangol extends contract for Quenguela drillship
  • CNOOC lets EPC contract for South China Sea field

    CNOOC lets EPC contract for South China Sea field

    March 17th, 2026

    The contract covers 20 wells for the deepwater Kaiping 18-1 field development.

    0 comments on CNOOC lets EPC contract for South China Sea field
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201 City Centre Drive
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L5B 2T4
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G2 4BG
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L5B 2T4
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82 Richmond Street
East Toronto, Ontario
M5C 1P1
Canada

LATEST SECTOR NEWS

  • CNOOC appoints CEO
  • Editorial: The second-best time
  • Rising gasoline prices and their impact on US inflation and economy
  • Federal NPR-A lease sale hits record for revenues and tracts receiving bids
  • WoodMac: Ras Laffan attacks upend global LNG outlook

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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