More than 100 million bbl of 400-million bbl in emergency oil stocks remain unused, with future releases contingent on market developments and supply security considerations.
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The court's decision halts GulfLink's development. It cites the Deepwater Port Act of 1974's 'one port' rule, pointing to the competing SPOT project's pipeline route in the same...
The operator will collaborate with XRG and UCC Oil, with each company holding a 33.3% interest for the second phase development of Loran gas field offshore Venezuela.
The US Energy Information Administration increased its forecast for global oil prices due to ongoing disruptions through the Strait of Hormuz, with Brent crude expected to average...
At 424.4 million bbl, US crude oil inventories are about 2% below the 5-year average for this time of year, the US Energy Information Administration said.
The major chemicals expansion at Bay City aims to increase production capacities of key intermediates such as propanol and butanol used by the plastics and pharmaceutical industries...
The company benefited from high refinery utilization and strategic maintenance, with revised capital plans and an optimistic full-year outlook projecting EBITDA of $5.8 billion...
Venezuela’s energy recovery will require capital, technology, experienced talent and responsible partnerships. Houston is uniquely positioned to help transform the country’s enormous...
Equinor has signed a multi-year agreement with SLB to upgrade the MV Island Captain vessel, transforming it into a fully proppant-capable stimulation platform to support offshore...
Vista Energy aims to include its $5.8-billion Bandurria Norte shale project in Argentina's Large Investment Incentive Regime, targeting 50,000 boe/d to support its broader 2030...
Eni has made a final investment decision to develop the Cronos project in Cyprus, aiming to bring Cypriot gas to market by 2028, with a production plateau of 500 MMcfd from estimated...
Industrija Nafte DD made a gas discovery in the first of a five-well drilling campaign offshore Croatia. Initial testing indicates production potential and confirms offshore reserves...
The Solitude Pipeline System is designed for a phased build-out of 2.25 bcfd entering service second-half 2029, followed by a similarly sized second phase in 2030 and the ability...
The project "brings together strategic supply access, existing infrastructure and experienced operators to improve affordability and assurance of supply for customers in the Western...
Aug. 12, 2026
Photo from Venture Global August 2026 investor presentation
California Resources Corp. is adding 2,000 miles of pipeline infrastructure and increasing transportation capacity to strengthen its California energy operations and market reach...