By Maciej Martewicz The US wants central and eastern European countries to join its path of “energy freedom” instead of following the wider region’s transition to a net zero economy, Energy Secretary Chris Wright said in Warsaw. The Energy Secretary told the Three Seas Business Forum — which numerous leaders from the region attended Monday …
US Urges Eastern Europe to Split From EU Energy Transition Aims Read More »
By Julian Lee and Alex Longley When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs of the summer before. By early April, they had fallen to a four-year low, and ticked up only slightly later in the month. The lower crude …
Why Cheap Oil Relieves Some, Worries Other Countries Read More »
Phillips 66 said it will add a gas processing plant in the Permian Basin while continuing to strengthen its NGL system.
Here’s a roundup of the latest E&P headlines, including field redevelopment in Iraq and an estimate of gas resources in Namibia.
(Reuters) – U.S. natural gas futures jumped about 5% to a one-week high on Monday in light trade ahead of the expiration of the front-month contract on forecasts for higher demand this week than previously expected. Earlier in the day, prices slid about 2% to a five-month low on rising output and forecasts for mild …
US Natgas Prices Jump 5% to 1-Week High Ahead of Contract Expiration Read More »
(Reuters) – Woodside Energy is in talks with an overseas unit of Kuwait Petroleum to sell a stake in its Louisiana liquefied natural gas plant in the U.S., Bloomberg News reported on Monday, citing people with knowledge of the matter. The overseas unit, Kuwait Foreign Petroleum Exploration, is also considering securing LNG supply from the …
A lead of Mitsubishi’s U.S. industrial division says the current supply chain for generators can’t keep up with the booming demands of AI.
(Reuters) – Barclays lowered its Brent crude forecast on Monday by $4 to $70 a barrel for 2025 and set its 2026 estimate at $62/b, citing “a rocky road ahead for fundamentals” amid escalating trade tensions and OPEC+’s pivot in its production strategy. Despite oil market fundamentals evolving “significantly better than expected” in early 2025, …
Barclays Cuts 2025 Brent Crude Forecast on Trade Tensions, OPEC+ Shifts Read More »
Once completed, Golden Pass LNG, a joint project between QatarEnergy and Exxon Mobil, will have a capacity of over 2.57 Bcf/d.
Innovex International Inc. has agreed to sell the Dril-Quip Eldridge Campus in northwest Houston to Big Acquisitions LLC for $95 million following its merger with Dril-Quip in September 2024.
