Elliott Investment Management-backed Validus Energy continues to roll up Midcontinent assets, closing an $850 million acquisition of 89 Energy III.

The incident has slashed gas usage at Freeport LNG’s plant, which can process up to 2.4 Bcf/d of gas, to 450 MMcf/d from previous expectations of almost 1.8 Bcf/d, according to LSEG data.

Newly formed Longview Infrastructure will partner with Stonepeak as electric demand increases from data centers and U.S. electrification efforts.

In 2024, U.S. refineries produced a record 659.837 MMbbl of jet fuel, which accounted for about 11% of total refinery yields.

Venture Global continues to ramp up production after an early winter startup.

The Government of Canada has pledged to contribute up to $200 million to help the Haisla Nation and Pembina Pipeline Corp. develop the $5.96 billion Cedar LNG Project

Lufkin Industries will focus on software and surface equipment while Q2 Artificial Lift Services will expand its downhole services.

Bankers are back and ready to invest in the oil and gas space, but assets for sale remain few and far between, lenders say.

Oil demand will be picking up as we move into warmer months for the northern hemisphere. For the upcoming week, Stratas Advisors think the price of Brent crude will move higher and will test $73.

The Calgary Region Hydrogen Hub will initially focus on airports, heat and power, hydrogen corridors, industrial and municipal fleets and trains, according to a news release.