The Latest

Occidental Clears FTC Scrutiny to Close $12B CrownRock Deal

The waiting period for Occidental’s $12 billion acquisition of CrownRock LP under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, clearing the way for the deal to close next month.

Despite 2Q Earnings Miss, Kinder Morgan Plans Gas Capacity Growth

Kinder Morgan's second quarter earnings fell short of expectations due to recent low gas prices, but remains bullish on natural gas demand and is moving ahead on projects in the Southeast U.S. and Williston Basin.

WoodMac: Are MidEast, Asia NOCs Poised For M&A Resurgence?

International M&A spend by national oil companies (NOCs) has dwindled from nearly 50% to less than 5% today. But Wood Mackenzie researchers see NOCs playing a larger role in international M&A in the future.

Exxon's Joliet Refinery Units Down for a Week, Plans for Restart in Late July, IIR Says

A severe storm passed through Joliet earlier this week, leaving thousands without power.
 

WoodMac: Permian Producers Eye Mexico’s Saguaro Energía LNG FID for Takeaway Relief

Wood Mackenzie expects Mexico Pacific to take FID on the first phase of its Saguaro Energía LNG project in either the second half of 2024 or early 2025.

Southeast Asia NatGas Projects Could Unlock $100B Boom- Rystad

Southeast Asia's offshore gas industry is set for a $100 billion boom by 2028, driven by a flurry of final investment decisions by oil and gas majors and national oil companies, according to Rystad Energy.

DC Appeals Court Sends Louisiana LNG Permit Decision Back to FERC

The Washington D.C. Court of Appeals' decision follows a railroad dispute headed to the Supreme Court this fall.

West Texas Hold ’Em: Permian Plays Pipeline Poker

The consensus is that the Permian Basin needs another major gas pipeline soon. Midstream companies are trying to figure out when … and who will make the move.

BP Energy Outlook: Oil Demand Diminishes, NatGas, LNG a Wildcard

BP’s energy outlook presents a view at current trends for energy use through 2025 and a net zero case, which would require a history-defying shift from adding fuel sources to substituting them.

Post-Beryl: US LNG Exports Down While Tankers Await Freeport LNG’s Reopening

Partial restart on Freeport LNG is anticipated later this week. Meanwhile, the port itself remained closed July 15 to LNG tankers and others with drafts of more than 39 ft.