The Latest

Puerto Rican Board Delays $20B New Fortress Contract

The Financial Oversight and Management Board says the deal needs more examination.

Oil Giant Saudi Aramco in Talks with Commonwealth LNG for Offtake Agreement, Sources Say

Commonwealth LNG has said it plans to get to a final investment decision on its proposed plant in Cameron, Lousiana, by the end of the year.

ARC Closes on $1.18B Oil, Gas Acquisition in Alberta

The deal, centered on the Kakwa region in Alberta, follows ARC Resource’s strategy of strengthening its Montney position.

Plains All American Sells Canadian NGL Assets to Keyera for $3.75B

Plains All American is selling its NGL assets in Canada to Keyera to focus on its crude pipeline network.

Kinetik CEO Pushes Trump Admin to Rethink Tariffs on Steel

Kinetik CEO Jamie Welch said the U.S. oil and gas industry’s products are “born and bred … in our backyard,” and therefore should get exemptions from the tariffs impacting the materials needed to drill and move hydrocarbons.

US NatGas Prices Edge Up on Rising Demand, Signs of Higher Flows to Cameron LNG

Prices edged up even as energy firms continue to add record amounts of gas into storage and as the cost of spot gas remains well below futures prices.

ADNOC Awards John Wood $2.8B EPCm Contract for UAE Facility

ADNOC awarded John Wood Group Plc a $2.8 billion contract to provide engineering, procurement and construction management (EPCm) for the company’s Habshan facility in the United Arab Emirates.

E&P Highlights: June 9, 2025

Here’s a roundup of the latest E&P headlines, including CNOOC’s latest production startup and an exchange of properties offshore Brazil.

Northwind Approved for Third Injection Well at Delaware Complex

Northwind Midstream Partners continues to expand its sour-gas operations in southeastern New Mexico.

Tejon Treating Expands Sour Gas Infrastructure in Midland Basin

Midstream company Tejon Treating & Carbon Solutions is boosting its capacity at its Mongoose Gas Plant to 70 MMcf/d.