International oil and gas companies have announced they would cut tens of thousands of jobs in 2024 and 2025 due to lower oil prices and as they consolidate after the biggest wave of mergers and acquisitions in the industry for decades.Benchmark Brent crude futures have fallen in 2025 as OPEC+ increases output and amid economic …
A Sign of the Times: Global Oil and Gas Company Layoffs in 2024 and 2025 Read More »
Summary Hitachi to build massive new facility in Virginia for power transformers Investment aims to meet AI data centers’ electricity demand Hitachi’s global investment exceeds $9 billion NEW YORK, Sept 4 (Reuters) – Hitachi plans to invest $1 billion to expand its U.S. power grid infrastructure manufacturing, its energy unit said on Thursday, as the …
Hitachi to Invest $1 Billion to Produce Power Grid Components in US Read More »
Summary OPEC+ to consider raising oil production further, sources say OPEC+ meeting set for Sunday US crude stocks rose last week, sources say (Reuters) – Oil prices fell 1.5% on Thursday, adding to their more than 2% decline the previous session, as investors awaited a weekend meeting of OPEC+ at which producers are expected to …
Oil Falls More Than 1% as OPEC+ to Consider Another Output Hike Read More »
While Continental Resources Founder Harold Hamm’s daughter Shelly Lambertz takes the reins, he “certainly isn’t working any less,” a company spokesman told Hart Energy.
EQT secured 1.5 mtpa of supply from Rio Grande LNG’s proposed Train 5 as NextDecade targets FID on a $6.7B expansion project by the end of the year.
Kodiak Gas Services said it also plans to enter an amendment to its ABL facility to reduce total commitments to $2 billion. The company also announced changes to its board of directors.
Venezuela’s oil exports surpassed 900,000 barrels per day in August, the highest level since November, after energy producer Chevron received a license that has allowed the OPEC country’s crude to return to the U.S. market after a four-month pause, shipping data showed. The U.S. Treasury Department last month issued a restricted authorization for Chevron, one …
Venezuela’s Oil Exports Rise to 9-Month High as Cargoes Return to US Read More »
PITTSBURGH, Sept. 3, 2025 /PRNewswire/ — EQT Corporation (NYSE: EQT) announced today that it has secured 1.5 million tonnes per annum (MTPA) of liquefaction capacity under a 20-year Sale and Purchase Agreement (SPA) with NextDecade Corporation (NextDecade) at Train 5 of the Rio Grande LNG export facility in Texas. The agreement will be on a …
EQT Signs 20-Year Deal with NextDecade for 1.5 MTPA of LNG from Rio Grande LNG Train 5 Read More »
Automation company SitePro will deploy technology for water infrastructure company Direct Midstream.
BW’s fleet in India is currently comprised of eight VLGCs, which collectively handle approximately 20% of India’s LPG imports.
