Crude oil inventories rise for first time in weeks
Crude oil inventories rose for the first time in seven weeks, according to data released Wednesday. Commercial crude oil stocks excluding the Strategic Petroleum...
Energy giants refocusing on LNG after biofuel expectations flop
Biofuels are the latest green energy investment to disappoint, leaving the hopes of oil and gas giants pinned on liquefied natural gas, The Wall Street...
Bernhard Capital Partners acquiring New Mexico Gas Company for $1.25B
Emera Inc., an international energy holding company headquartered in Canada, has entered into an agreement to sell its wholly owned subsidiary New Mexico Gas Company...
EIA: U.S. natural gas producers to cut production
Major U.S. natural gas producers are preparing to further curtail production in the second half of 2024, after prices sank nearly 40% over the...
Oil and gas mergers show no signs of slowing
Oil and gas mergers and acquisitions remained popular in the United States in the second quarter, topping $30 billion with a few big dollar...
Chevron moves headquarters to Houston
Oil and gas giant Chevron is moving its headquarters from California to Houston executives announced Friday morning. While the company’s top two executives will...
Workers clean up crude oil spill in Bayou Lafourche
More than 100 workers spent Sunday continuing the cleanup of a crude oil spill in Bayou Lafourche near Raceland, hoping to protect the drinking...
API backs Biden administration’s offshore oil rule in court
The American Petroleum Institute is defending the Biden administration’s offshore oil regulations against a legal challenge from Gulf states and midsize oil companies, reports...
Argent LNG selects GTT onshore tank technology for Port Fourchon facility
Argent LNG has selected GTT onshore tank technology for its LNG facility at Port Fourchon, reports Technology Today. GTT's innovative containment systems will be...
Woodside acquires Tellurian for $900 million, takes over proposed Driftwood LNG
Woodside Energy Group Ltd. has agreed to buy troubled LNG export project developer Tellurian Inc. for about $900 million in a bet on rapid...
