Chevron Corp. bought nearly 5% of Hess Corp. as a show of confidence that it will win the arbitration battle with Exxon Mobil Corp. that has delayed the Hess takeover for more than a year. The stake is worth about $2.3 billion at today’s price. SourceContinue Reading
Baker Hughes and NextDecade have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes’ gas turbine and refrigerant compressor technology to perform maintenance work for Trains 4 through 8 at the Rio Grande LNG Facility. SourceContinue Reading
Independent Petroleum Association of America (IPAA) President & CEO Jeff Eshelman spoke out in support of President Donald Trump’s recent signing of the H.J.Res.35, which through the Congressional Review Act process disapproves of the Biden Environmental Protection Agency’s (EPA) methane tax regulations. SourceContinue Reading
(WO) – In a Leadership Dialogue with Federal Energy Regulatory Commission (FERC) Chairman Mark Christie during CERAWeek 2025 by S&P Global, LNG was not only a staple of discussion but, in his view, a staple for present and future energy generation. SourceContinue Reading
U.S. President Donald Trump is set to meet with top oil executives at the White House next week as he charts plans to stoke domestic energy production, even as the industry grows uneasy about falling crude prices and tariff uncertainty. SourceContinue Reading
The African Energy Chamber commends the Trump administration for its continued support of the Mozambique LNG project, following the re-authorization of a crucial $4.7 billion loan by the U.S. Export-Import Bank. SourceContinue Reading
There has been much talk from analysts and industry leaders of an impending plateau or peak for oil demand by 2035, or even as soon as 2030. During a strategic roundtable at this week’s CERAWeek by S&P Global energy conference, experts joined to discuss collective thinking and misconceptions surrounding the future of oil demand. SourceContinue Reading
(WO) – In a Leadership Dialogue with Federal Energy Regulatory Commission (FERC) Chairman Mark Christie during CERAWeek 2025 by S&P Global, LNG was not only a staple of discussion but, in his view, a staple for present and future energy generation. SourceContinue Reading
Kistos, an independent energy company focused on generating value across the upstream and midstream markets, noted an announcement made today by Vår Energi, the operator of the Balder Area, regarding the tow-out of the Jotun FPSO from the Worley Rosenberg yard in Stavanger, Norway. SourceContinue Reading
Gulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels to the offshore energy industry, has secured three-year contract extensions with a major National Oil Company (NOC) in the Middle East for two of its vessels. SourceContinue Reading
