Corteva (NYSE:CTVA) and bp (NYSE:BP) announced on Wednesday, January 7, 2026, the formation of Etlas, a 50:50 joint venture aimed at scaling the production of crop-based oil feedstocks.
Russia has moved to protect an oil tanker being tracked by US forces in the North Atlantic.
Mark Carney says Canada’s low-risk oil sector can withstand potential competition from increased Venezuelan production.
Caracas and Washington have agreed to send up to $2 billion worth of Venezuelan crude to U.S. refineries, a move that could reroute supply away from China.
Sunoco LP (NYSE:SUN) issued its 2026 financial guidance on Tuesday, January 6, 2026, projecting a robust leap in earnings following a year of massive consolidation.
The partnership expects full-year adjusted EBITDA to land between $3.1 billion and $3.3 billion, a range that reflects the full integration of the Parkland acquisition and the upcoming close of the TanQuid terminal deal in Europe.
Shares of major US oil companies climbed sharply in premarket trading on Monday after President Donald Trump announced over the weekend that US forces had captured Venezuelan President Nicolás Maduro and his wife, stating that the United States intends to "run" the country temporarily while tapping into its vast crude reserves.
Occidental (NYSE:OXY) announced on Friday, January 2, 2026, the completion of its $9.7 billion cash sale of OxyChem to Berkshire Hathaway (NYSE:BRK.A).
The transaction, first revealed in October 2025, marks the largest divestment in Occidental’s history and effectively ends the company’s half-century tenure as a major player in global commodity chemicals.
Cactus (NYSE: WHD) announced on Friday, January 2, 2026, the completion of its acquisition of a 65% controlling interest in Baker Hughes’ Surface Pressure Control (SPC) business.
The transaction, valued at approximately $344.5 million in cash, marks a milestone in Cactus’ evolution from a North American unconventional specialist to a diversified global oilfield equipment manufacturer.
DHT Holdings (NYSE:DHT) announced on January 2, 2026, that it has officially taken delivery of the DHT Antelope, a Very Large Crude Carrier (VLCC) newbuilding from South Korea’s Hanwha Ocean.
The vessel is the first of a strategic four-vessel quartet slated for delivery in the first half of 2026, marking a significant milestone in the company’s fleet renewal and expansion program.
CBL International Limited (NASDAQ:BANL) reached a major operational milestone on Tuesday, completing the first-ever liquefied natural gas (LNG) bunkering operation at Xiaomo Port in Shenzhen.
Delixy Holdings (NASDAQ:DLXY) reported a contraction in top-line growth for the first six months of 2025, as the recently listed oil trader navigated a volatile energy market and narrowed its focus toward higher-margin operations.
DHT Holdings (NYSE:DHT) said it has entered into sale agreements for two very large crude carriers, DHT China and DHT Europe, for a combined consideration of $101.6 million, as the tanker owner continues to optimize its fleet and strengthen liquidity.
