Tidewater Midstream and Infrastructure will strengthen its crude network position in a $22 million deal, including debt, to buy the North Segment of Pembina Pipeline Corp.’s Western Pipeline System.
By John Ainger Oil pumping jacks near Almetyevsk, Russia. Photographer: Bloomberg The European Union gave its strongest signal yet that it’s serious about ending five decades of reliance on Russian energy, but a challenging geopolitical environment may derail its plans. The European Commission, the bloc’s executive branch, unveiled a roadmap to finally switch off the …
EU Plan to End Addiction to Russian Gas Faces Geopolitical Risks Read More »
Caterpillar’s Gas Mechanical System runs on 100% natural gas and combines two components that have logged millions of hours in the field.
Summary • Trump claims Russia, Ukraine want peace amid oil price drop • Putin proposes ceasefire for WWII victory anniversary • Trump doubts Russia’s involvement in Nord Stream attack (Reuters) – U.S. President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian President Vladimir Putin was more inclined …
Trump Says with Lower Oil Prices, Putin is More Eager to Settle the Ukraine War Read More »
Oil prices play a crucial role in Russia’s budget and the Russian economy overall, but Russian national interests take precedence above all else, Kremlin spokesman Dmitry Peskov said on Tuesday. Peskov was commenting on remarks by U.S. President Donald Trump, who suggested that President Vladimir Putin might be more inclined to resolve the conflict in …
Oil Price Crucial for Russia, but National Interests Come First, Kremlin Says Read More »
Woodside Energy, Australia’s top natural gas producer, said on Tuesday it would seek to sell a further 20%-30% stake in Louisiana LNG, with interest growing in the $17.5 billion project since its final approval last week. Liz Westcott, chief operating officer for Australia, said the planned selldown of Woodside’s wholly owned holding company for the …
Woodside Targets Another 20%-30% Selldown of $17.5 Billion Louisiana LNG Project Read More »
Chairman after vice chairman Greg Abel takes over as CEO. Summary • Buffett’s decision to give up CEO job ‘a shocker’ • Buffett could serve as mentor, help in acquisitions • Stock price falls 5% though Abel’s ascension was expected (Reuters) – Warren Buffett will stay on as chairman of Berkshire Hathaway after Vice Chairman …
Warren Buffett to Remain Berkshire Chairman but Shares Fall after Greg Abel Named CEO Read More »
(The opinions expressed here are those of the author, a columnist for Reuters.) * Saudi-led OPEC+ to sharply increase output by June * Riyadh appears willing to enter price war * Signs that oil demand could be hit due to trade wars By Ron Bousso LONDON, May 6 – Saudi Arabia has signalled that it …
Saudi Arabia Can Control Oil Supply. Demand Could be its Achilles Heel: Bousso Read More »
Here’s a roundup of the latest E&P headlines, including a new robotic manufacturing system and a learning platform for drilling contractors on the way in 2026.
Construction financing was secured for the 104-megawatt Ostrea Solar project in Washington, Cypress Creek Renewables says.
