Strathcona Initiates Formal Offer to Acquire MEG
'We firmly believe Strathcona represents compelling value at this price with a large margin of safety, and that we and the partners in our fund will do very well over the long run'.
Port Arthur LNG Phase 2 Marks Resumption of Federal Permitting
'This is the first final LNG export approval under President Trump's leadership and marks another step in restoring regular order to LNG export permitting'.
EOG to Acquire Encino's Assets in Utica for $5.6B
The transaction is expected to close in the second half.
JP Morgan Asks If Oil Prices Are $10 Too Low or $20 Too High
'Some clients believe that current oil prices are $10 too low, while others argue they are $20 too high', analysts at J.P. Morgan said.
Naftogaz, Orlen to Expand Energy Partnership
'The parties will seek to increase natural gas deliveries via Poland to Ukraine and to advance joint projects in oil and gas extraction'.
OPEC+ Countries to 'Implement Production Adjustment' of 411K Bpd in July
'The gradual increases may be paused or reversed subject to evolving market conditions', a statement posted on OPEC's website noted.
TotalEnergies Exits Bonga Field in Nigeria
TotalEnergies signed a deal to sell its 12.5 percent stake in Nigeria's OML118, which contains the producing Bonga field, to Shell for $510 million.
Mento Partners Start Gas Production at Trinidad Field
BP has now started up two projects in Trinidad and Tobago this year.
OEG Inks Logistics Equipment Supply Deal with Oil Major
'This alliance reflects the growing momentum towards a regionally integrated ASEAN Power Grid'.
Norway Takes Drone Inspections of Offshore Oil Platform to New Level
From a control room in Norway's oil capital of Stavanger, pilots are performing drone inspections of the Edvard Grieg platform some 180 kilometers out at sea.
NFE Acknowledges Breach of Nasdaq Listing Rule
The company said it is working to submit its Form 10-Q at the earliest.
Centrica Expands to New York With Build-Out of Gas Trading Unit
Centrica Plc is opening a trading office in New York.
Taiwan Will Send Delegation to Alaska LNG Talks Next Week
Taiwan will send a delegation to a summit in Alaska.
Oil Dips After US-China Trade Tensions Flare
Oil slipped slightly after volatile trading sparked by conflicting messages from Trump about trade talks with China.
USA Crude Oil Inventories Decrease Week on Week
The EIA's latest weekly petroleum status report showed that crude oil stocks, not including the SPR, stood at 440.4 million barrels on May 23.
Avangrid Launches $41MM Projects to Upgrade Ithaca, NY Grid
Avangrid announced five projects with a total investment of $41 million to install additional capacity and improve the reliability of the power grid in Ithaca, New York.
OPEC+ Mulls Even Larger Oil Output Hike as It Seeks Market Share
Eight key members of the Organization of the Petroleum Exporting Countries and its partners, led by Saudi Arabia, are due to hold a video conference on Saturday to discuss output policy.
JP Morgan Highlights Memorial Day Travel Effect on Global Oil Demand
'Global oil demand increased over the past week', analysts at J.P. Morgan said.
Baker Hughes Bags Data Center Gas Turbine Deal
Baker Hughes announced an award from Frontier Infrastructure Holdings.
Eni Eyes Biofuel Feedstock Production in Ivory Coast
Eni and the Ivorian agriculture ministry signed an MOU that aims 'to enhance the rubber (hevea) supply chain and to assess the introduction of oilseed crops on marginal and degraded lands'.
