The Latest

Venezuela Lost Citgo, But the Battle’s Not Over Yet

Amber Energy’s $7.3 billion purchase of Citgo fell well short of analyst’s valuations. PDVSA Ad Hoc expects to appeal the decision soon in its battle to protect its claim on Citgo.

The Karl Rove Oil Executive Poll Result: The Industry Is Not Happy

A show of no hands revealed more than 400 attendees at Hart Energy’s Energy Capital Conference are not happy with U.S. politics today—and have no confidence it will be better after Nov. 5.

US Navy Taps Sage Geosystems for Geothermal Initiatives in Texas

The expanded collaboration with the Department of Defense follows Sage-led geothermal initiatives at Fort Bliss and the Ellington Field Joint Reserve Base in Texas.

Oxy’s 1PointFive Lands US Funding for Carbon Sequestration Hubs

1PointFive plans to use the funding to advance site characterization activities, permitting and environmental approvals for construction at each hub, Occidental said.

Exclusive: MET Eyes US LNG as European Natgas Demand Slows

Europe's MET Group has its eye on U.S. LNG as European natural gas demand is forecasted to decrease, said Benjamin Lakatos, chairman and CEO of MET Group, at Gastech 2024 in Houston.

Uinta Railroad Up for Review as Supreme Court Term Begins

Court analysts say a decision on the proposed Uinta Basin railway, coming next year, could have a major impact on the energy industry.

Exclusive: EQT Set to Benefit from AI Growth in Appalachia

An ample supply of natural gas is available in Appalachia, making it a perfect place for AI data centers to settle down and take root. EQT plans on pouncing on the opportunity, said Will Jordan, EQT's executive vice president and general counsel, at Gastech 2024. 

Oil Prices Jump 4% on Reports of Iran Preparing to Attack Israel

An Israeli attack on Iranian oil production or export facilities could cause a material disruption, potentially more than a 1 MMbbl/d.

Venture Global Taking Adequate Steps in Calcasieu Pass Construction, FERC Says

The Calcasieu Pass LNG plant’s foundational customers have turned to legal auction due to the plant’s long commissioning time.

FERC Sides with Williams Over Energy Transfer in Pipeline Dispute

The Federal Energy Regulatory Commission has declared that Williams’ disputed Louisiana Energy Gateway project is a gathering network, not a transport line.