NeuVentus Secures Liquids, Gas Storage Permits for Texas Caverns
The TRU Hub facilities under development are composed of 12 permitted salt cavern wellbore locations, solution-mining equipment and interconnecting pipelines.
Rystad Predicts 'Significant Risks' to USA Operators
'Rystad estimates that the new 'all-in' breakeven cost for many U.S. oil players is now above $62', Matthew Bernstein, Rystad Energy Vice President, North American Oil and Gas, said.
INPEX Forms JV for Greater Tokyo CCS Project
INPEX and Kanto Natural Gas Development established a JV to accelerate research and planning for a CCS project planned to serve industrial emitters in the Greater Tokyo Area.
Brent Crashes to 4 Year Low
'Fears of weaker global oil demand, combined with the OPEC+ decision to loosen output more quickly than expected, have created a toxic cocktail', SEB Commodities Analyst Ole R. Hvalbye said.
Aramco Places 20-Year Order from Rio Grande LNG Expansion Project
NextDecade secured a 20-year, 1.2-MMtpa offtake from Aramco for the planned fourth liquefaction train of the under-construction Rio Grande LNG project in Brownsville, Texas.
BP Pauses Plan to Make Clean Jet Fuel at Spanish Plant
The decision to pause the biofuels investment was reportedly taken due to weaker-than-expected growth in that market.
Gunvor Snapped Up North Sea Oil During Futures-Market Tumble
The North Sea crude market, home to the world's most important physical oil-price benchmark Dated Brent, often sees individual traders taking relatively large positions.
WTI Falls Below $60 Amid Trade War Escalation
Crude hit a 4-year low after Trump's new tariffs stoked recession fears.
Macquarie Strategists Forecast Over 9MM Barrel WoW USA Crude Inventory Rise
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 9.3 million barrels for the week ending April 4.
US DOE Plans to Offer Sites for Co-Located Data Centers, Energy Facilities
The DOE has identified 16 potential sites including national labs.
ENEOS Becomes New C2X Investor
ENEOS and C2X Ltd. existing shareholders AP Moller Holding and AP Moller-Marsk agreed to invest $100 million in the green methanol developer.
Canada's Poilievre Says He Would Approve Suncor Oil Project, Mines
The leader of Canada's Conservative Party said he would accelerate approval on 10 resource projects if elected.
WPC JV, Targa Make FID on Traverse Pipeline Along Gulf Coast
The Traverse Pipeline will be constructed and operated by WhiteWater and is expected to be in service in 2027.
Matador Exits Eagle Ford
Matador is focusing on the 'more prolific' Delaware Basin.
North America Keeps Rig Loss Streak Going
North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
BW Energy Extends License for Golfinho Offshore Brazil
The production phase under the Golfinho concession contract has been extended to 2042 from 2031.
World Bank Approves Philippine Loan for RE Scale-Up
The Philippines secured an $800-million loan from the World Bank to widen the country's adoption of renewable energy, bolster its electricity market and improve its water utility management.
Where Next for Oil Prices?
'With the new round of announced tariffs, the demand side risk has increased notably', Stratas Advisors warned.
Eni Proposes $1.64 Billion Share Buyback Package
The proposed program is increasable up to EUR 3.5 billion.
Wood Secures Three-Year Contract from PDO in Oman
Wood will deploy engineering and project management specialists for PDO's FEED office.
