Industry News

CB&I won a contract to build five 1.77 million-cubic foot LNG storage tanks for the Commonwealth LNG project in Cameron Parish, Louisiana.

Cheniere Partners has now also given Bechtel a 'limited notice to proceed' for the contractor to launch early engineering and procurement activities.

'We urge you to pause and consider the long-term legal and financial ramifications of collaborating with the Trump administration to circumvent California law', the legislators warned Sable's CEO.

Transnet National Ports Authority executed a 25-year terminal agreement with Ukwanda LNG for a regasification project at the Port of Ngqura.

Norway is putting pressure on the European Union to remove a moratorium on new oil and gas drilling in the Arctic where almost two-thirds of its petroleum resources lie.

The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran's nuclear program, a person with knowledge of the matter said.

Traders balanced Iran deal optimism against falling US crude inventories.

The U.S. carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz, highlighting the fragility of recent diplomatic momentum.

Tensions spiked following a second round of U.S. strikes against Iranian military targets this week.

Ksi Lisims LNG signed a preliminary agreement to supply 1 million metric tons per annum of liquefied natural gas for up to 20 years to the German state-owned power and gas utility.

Part of the proceeds will fund additional oil and gas workover wells in New Zealand.

The Calgary-based midstream company decided to proceed with a new straddle plant project to extract natural gas liquids through its existing rights on the Yellowhead Pipeline.

Minnesota-based Northern Oil and Gas signed a deal to buy a 25 percent stake in light-oil assets in the Duvernay shale from Parallax for an initial price of around $259 million, marking its entry into Canada.

Despite higher oil prices, spending on oil projects is set to drop below $500 billion in 2026, according to the International Energy Agency's annual World Energy Investment report.

The U.S. carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz, highlighting the fragility of recent diplomatic momentum.

Former BP Plc Chairman Albert Manifold says he was fired without warning or explanation.

Oil futures plunged as traders bet on a possible US-Iran peace deal.

Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be down for the week ending May 22.

'Looking ahead, the outlook remains highly uncertain and depends largely on the duration of the disruption to traffic through the Strait of Hormuz and the time required for oil production and global refinery operations to recover'.

Bo French defeated incumbent Texas Railroad Commissioner Jim Wright in a runoff election for the GOP nomination to sit on the Lone Star State's chief oil regulator.