Industry News

The Houston-based owner of the Sabine Pass LNG project reported $1.16 billion in net profit for the second quarter, up 110 percent from the same three-month period last year.

'The peak occurred during a heat wave and could be surpassed again this summer', the EIA warned.

U.S. natural gas futures rose by the most in more than two months.

'The redomicile is expected to deliver several strategic and financial benefits, including better aligning AQN's corporate structure with its asset footprint, as over 80 percent of the company's operations are in the United States'.

Which U.S. oil major produced the most in the second quarter of 2026 - ExxonMobil, Chevron, or ConocoPhillips?

Results were 'driven by strong market share positions and continued strength in service intensity, resulting in an overall uptick in revenue despite operators demonstrating continued capital discipline in a higher energy price environment', CES said.

ADNOC said it continued to be 'significantly impacted' by attacks on its people and its assets.

'The expanded geographic footprint complements Sunoco's existing fuel distribution operations and creates additional opportunities for organic growth and bolt-on acquisitions'.

The president signaled he is prepared to let economic pressure on Iran build rather than launch fresh military strikes, saying the U.S. was only 'semi-negotiating' with Tehran on the Strait of Hormuz.

Murphy Oil reported $225.8 million in net income adjusted for nonrecurring items for the second quarter, nearly six times that of the same three-month period last year as soaring oil prices offset lower production and weaker gas prices.

The Trump administration has agreed to roughly $4 billion in settlements this year to cancel planned offshore wind projects.

Oil steadied as traders weighed a potential Hormuz deal against persistent Middle East shipping threats.

Brazilian oil producer Petrobras outperformed expectations.

'Calypso is an early-stage deepwater natural gas project offshore Trinidad and Tobago, where BP has an established business and extensive oil and gas infrastructure'.

Crude oil stocks, not including the SPR, stood at 407.0 million barrels on July 31, the EIA's latest weekly petroleum status report showed.

The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet.

Well service employees have raised uncertainties about the impact to their payrolls and other benefits despite a pause in hostilities after striking workers and their employers agreed to settle their dispute through an independent tribunal.

ConocoPhillips has announced a 'planned leadership succession'.

'The investment strengthens Petrofac's long-term ownership structure and reflects continued confidence in the business strategy, capabilities and growth prospects'.

The Norwegian company revealed it had made a rejected acquisition proposal to Britain's Genel but said it remains willing to pursue negotiations with the latter's board.