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  • Chevron to reduce overall 2025 capex, including in Permian basin

    Chevron to reduce overall 2025 capex, including in Permian basin

    December 6th, 2024

    Chevron Corp. expects to spend two-thirds of its $13-billion 2025 upstream spending budget to develop its US portfolio, reducing

    0 comments on Chevron to reduce overall 2025 capex, including in Permian basin
  • Third-quarter 2024 earnings down year-over-year on lower commodity prices, refining margins

    Third-quarter 2024 earnings down year-over-year on lower commodity prices, refining margins

    December 6th, 2024

    A group of 53 US-based oil and gas producers and refiners announced combined net earnings of $24.9 billion in

    0 comments on Third-quarter 2024 earnings down year-over-year on lower commodity prices, refining margins
  • Petronas awards contracts under Malaysia Bid Round 2024

    Petronas awards contracts under Malaysia Bid Round 2024

    December 5th, 2024

    Petronas awarded production sharing contracts for three discovered resource opportunities and one exploration block offshore Peninsular Malaysia and off

    0 comments on Petronas awards contracts under Malaysia Bid Round 2024
  • Equinor, Shell form JV aimed at maximizing UKCS assets, improving UK energy security outlook

    Equinor, Shell form JV aimed at maximizing UKCS assets, improving UK energy security outlook

    December 5th, 2024

    Equinor and Shell will combine UK offshore oil and gas assets into a new company expected to be the

    0 comments on Equinor, Shell form JV aimed at maximizing UKCS assets, improving UK energy security outlook
  • CNX to acquire Appalachian basin natural gas business from Apex Energy

    CNX to acquire Appalachian basin natural gas business from Apex Energy

    December 5th, 2024

    CNX Resources agreed to acquire the Appalachian basin natural gas upstream and associated midstream business of Apex Energy II

    0 comments on CNX to acquire Appalachian basin natural gas business from Apex Energy
  • OPEC+ postpones oil output hikes, prolongs cuts into 2026

    OPEC+ postpones oil output hikes, prolongs cuts into 2026

    December 5th, 2024

    OPEC+ will delay the start of oil output increases by another 3 months—pushing the timeline to April 2025—while also

    0 comments on OPEC+ postpones oil output hikes, prolongs cuts into 2026
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L5B 2T4
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M5C 1P1
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LATEST SECTOR NEWS

  • Vertex’s Mobile refinery to produce conventional Group III base oils
  • Trace to expand Delaware basin gas processing, pipeline system
  • 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

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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