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Baker Hughes, Cactus Announce Closing of Surface Pressure Control Joint Venture

Latest, Press Releases / By

Transaction strengthens balance sheet and liquidity with $344.5 million of cash proceeds before customary closing adjustments (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR, “the Company”), an energy technology company, announced Friday the final closing of its previously announced joint venture with a subsidiary of Cactus, Inc., in which Baker Hughes has contributed its surface pressure control …

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Orsted Challenges US Halt of its $5 Billion Offshore Wind Project

Latest, Renewable Energy, US News, Wind / By

  (Reuters) – Denmark’s Orsted said on Friday it was challenging the U.S. government’s suspension of the lease for its Revolution Wind joint venture and would seek a court injunction against the decision to halt its $5 billion offshore wind project. The Trump administration suspended leases on December 22 for five large offshore wind projects that are under …

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OPEC+ to Maintain Oil Output Policy Amid Saudi-UAE Tensions Over Yemen, Sources Say

CDN and International News, Conventional Energy, Latest, Oil / By

Summary OPEC+ likely to maintain oil output freeze in Q1 2026, sources say No sign yet that Saudi-UAE tensions over Yemen will affect OPEC+ talks Oil prices fell over 18% in 2025 amid oversupply concerns (Reuters) – OPEC+ will likely maintain steady oil output at its meeting on Sunday, three OPEC+ delegates said on Friday, …

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Five Energy Market Trends to Track in 2026, the Year of the Glut

Latest, LNG, Natural Gas, Oil, US News / By

By Ron Bousso (Reuters) – Energy markets enter 2026 in a downbeat mood as geopolitical uncertainty clouds the outlook and increasing signs of swelling oil and gas supplies threaten to sink prices. This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald …

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Canadian Oil Firms End 2025 Strong Despite Crude Slump

CDN and International News, Conventional Energy, Latest, Oil / By

  ** Canadian oil producers set to end 2025 on a positive note, with integrated operations, strong refining margins and stable cash flows from long-life reserves cushioning the impact of falling crude prices** Brent crude futures down over 17% YTD, their steepest annual drop since 2020 and third straight yearly decline ** As of last …

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US Targets Crude Oil Tankers, Firms in New Venezuela-Related Sanctions, Treasury Website Shows

Conventional Energy, Latest, Oil, US News / By

Summary Sanctions mark latest action in Trump’s pressure campaign US targets four companies it says operated in Venezuela’s oil sector Sanctions also target four vessels (Reuters) – The United States on Wednesday imposed sanctions on four companies it said were operating in Venezuela’s oil sector as well as associated oil tankers, as President Donald Trump’s …

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US Natgas Futures Fall Over 5% on Above Normal Weather Outlook, Eye Annual Gain

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures dropped more than 5% on Wednesday, pressured by warmer forecasts next week and a federal report indicating a smaller-than-expected gas withdrawal, yet record gas flows to LNG export facilities in 2025 kept the market on track for its second straight yearly gain. Front-month gas futures for February delivery on the New …

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Oil Tankers Still Arriving in Venezuela Despite US Blockade, Data Shows

CDN and International News, Conventional Energy, Latest, Oil / By

At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run PDVSA’s effort to expand floating storage and keep selling crude even as a U.S. blockade has reduced exports to a minimum. U.S. President Donald Trump this month announced a blockade …

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Commodities Buffeted by Trump Whirlwind Seek Relief in 2026: Russell

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Commodities were pelted in 2025 by the whirlwind of tariffs and policies imposed by U.S. President Donald Trump, and while the storm may recede in 2026, the ripples will last some time.Trump’s efforts to remake global trade and his shifting geopolitical moves have boosted volatility in commodity markets, with prices being driven by daily headlines …

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