By Liz Hampton (Reuters) – Hello Power Up readers! Oil futures are down more than 1% today after the Organization of the Petroleum Exporting Countries and allies decided to speed up oil output hikes. This comes after Brent shed more than 8% last week, and U.S. West Texas Intermediate (WTI) fell by 7.5% over the …
(Reuters) – Commonwealth LNG announced on Monday that it has signed a Sale and Purchase Agreement with a major Asian energy company. Under the 20-year agreement, the buyer will purchase 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Commonwealth’s planned 9.5 mtpa facility in Cameron, Louisiana, the company said. Last week, …
Commonwealth LNG Signs 20-Year Supply Deal With Major Asian Buyer Read More »
EPCOR USA Inc. agreed to sell Texas gas utility and transmission assets northeast of Houston.
Despite the oil price oscillations, oil leaders expressed confidence the Trump administration would remove obstacles to help grow production.
HOUSTON, May 5, 2025 /PRNewswire/ — Gretchen Watkins, President, Shell USA since July 1, 2018, will step down, effective July 31, 2025, after seven years in role. Colette Hirstius, currently Executive Vice President, Gulf of America, will take on the responsibility of President, Shell USA, in addition to her current role as Executive Vice President, Gulf of America, effective …
Shell EVP Gulf of America Appointed President, Shell USA Read More »
If OPEC+ moves forward with unwinding its supply cuts at an accelerated pace, the price of Brent crude could approach $50.
Kimmeridge, which owns Commonwealth LNG, has targeted an FID on the project by year-end 2025.
DALLAS, May 5, 2025 /CNW/ — Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) and Parkland Corporation (TSX: PKI) (“Parkland”) announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt. As part of the …
Sunoco LP to Acquire Parkland Corporation in Transaction Valued at $9.1 Billion Read More »
NGL Energy Partners executives closed the sale of approximately $270 million in non-core assets to focus on its primary business.
By Robert Cyran NEW YORK, May 5 (Reuters Breakingviews) – Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline. Sure, today’s industry is far larger and more sophisticated. …
