By Kevin Crowley and Kailey Leinz US Energy Secretary Chris Wright Photographer: Pete Kiehart/Bloomberg US Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the expectations released this week by a government agency. Much will depend on oil prices and whether producers will follow through on pledges …
US Energy Secretary Says Oil Output Drop in 2026 ‘Unlikely’ Read More »
By Heidi Taksdal Skjeseth An offshore oil drilling platform in Norway. Photographer: Carina Johansen/Bloomberg Of all the world’s sovereign wealth funds, Norway’s is one of the most unusual. These giant, state-linked investment vehicles tend to pick and choose what assets they hold to manage risk, maximize returns and further national strategic interests. Not so with …
How Sparsely Populated Norway Amassed $1.8 Trillion Read More »
It’s clear that a boom is following the bust, and the timing couldn’t be worse for the Saudi-led oil cartel. By Javier Blas Moving right along. Photographer: Mauro Pimentel/AFP/Getty Images The Brazilian coffee and oil industries have something in common. Espresso connoisseurs know the country’s coffee production follows a natural biennial cycle, alternating periods of …
COMMENTARY: With Friends Like Brazil, OPEC+ Doesn’t Need Enemies – Javier Blas Read More »
Oil prices jumped more than 5% on Friday to hit the highest in more than two months after Israel said it struck Iran, raising concerns of escalating tensions in the Middle East that could disrupt oil supplies. Brent crude futures rose $3.91, or 5.64%, to $73.27 a barrel by 0146 GMT, the highest since April …
Oil Prices Jump More Than 5% After Israel Strikes Iran Read More »
U.S. liquefied natural gas producer NextDecade said on Thursday that its units have finalized contracts with Bechtel Energy to construct train 4 and train 5 at its Rio Grande LNG facility, with a combined value of about $9 billion. Under engineering, procurement, and construction (EPC) contracts, NextDecade agreed to pay Bechtel about $4.77 billion under …
NextDecade Signs $9 Billion Contract With Bechtel for Construction of LNG Sites Read More »
IPAA’s chairman Mike Hillebrand told members in an email that the next CEO would be “a visionary, dynamic leader who understands the unique challenges and opportunities facing our diverse membership.”
Cenovus Energy said site inspections confirmed there was no damage to its infrastructure following wildfires in Alberta.
The project, which will be developed in two phases, is expected to start operations by 2030 and flow electrons to PNM electric grid.
Dallas-based E&P Granite Ridge Resources did not report a reason for President and CEO Luke Brandenberg’s departure but wrote in the announcement that the “leadership transition is unrelated to the company’s performance or operations.”
JERA, Japan’s largest power generator, has announced four deals for up to 5.5 mtpa of LNG with Sempra, Commonwealth LNG, Cheniere and NextDecade that could nearly double the country’s LNG trade with the U.S.
