Archrock to Buy Natural Gas Compression Systems for $357MM
Archrock Inc. will buy privately held Natural Gas Compression Systems Inc. in a cash-and-stock deal that deepens Archrock’s operations in the Permian Basin.
BlackRock CEO: US Headed for More Inflation in Short Term
AI is likely to cause a period of deflation, Larry Fink, founder and CEO of the investment giant BlackRock, said at CERAWeek.
Global Oil Supply Growth is Outstripping Demand, Gunvor CEO Says
Global oil supply growth is outstripping demand, the CEO of one of the world’s largest oil traders, Gunvor, said on Monday. Oil prices hit a three-year low last week due to slow demand growth in China and concerns about the impact on global economic growth of U.S. President Donald Trump’s protectionist trade policies. “We still …
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Trump Says He Will Double Tariffs on Canadian Metals to 50%
President Trump said he would double his tariffs on Canadian steel and aluminum products in response to Ontario placing a 25% tariff on electricity supplied to the U.S.
Baker Hughes to Supply Equipment for NextDecade’s Rio Grande LNG
Baker Hughes will provide turbine and compression for NextDecade’s trains at Rio Grande LNG.
Crude Oil Market Share Battle May be Kicking Off in Asia: Russell
A new scramble for crude oil market share in Asia may be kicking off as top exporters Saudi Arabia and Russia move to boost cargoes to the world’s top importing region. China, the world’s biggest oil importer, is emerging as ground zero for the two exporters, who are ostensibly allies in the wider OPEC+ group …
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ChampionX’s Chemical Application Breaks Up Waxy Blockages
The ChampionX system, called ParaClear, offers a custom solution based on site characteristics to move waxy crude through pipelines.
Panama Canal Weighs Pipeline to Move Gas, With Eye on Asian Clients
The Panama Canal is exploring the construction of a pipeline to move liquefied petroleum gas (LPG) across the trade passage, canal administrator Ricaurte Vasquez said on Monday, with Japan seen as a top potential client for gas coming from the U.S.WHY IT’S IMPORTANT The canal, one of the world’s busiest maritime trade passages, is looking …
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IEA Chief Sees Need for Investments in Existing Oil, Gas Fields
Fatih Birol, the director of the Paris-based International Energy Agency, said on Monday there is a need for investment in oil and gas fields to support global energy security. The comment puts the energy watchdog for industrialized nations more in line with President Donald Trump’s pro-drilling agenda, after it came under pressure from fossil fuel …
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BlackRock CEO Fink Says Nationalistic US Policies to Stoke Inflation
BlackRock CEO Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies, including the deportation of workers. The head of the U.S. investment management company, speaking at the CERAWeek conference in Houston, added that markets are discounting inflation and there will be further cost increases over the next …
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