Category: Pipeline

German Energy Policy Meets the Real World: Evonik CEO Christian Kullmann Says the Energy Transition Has No Value Whatsoever

Clark Savage500

Evonik CEO Christian Kullmann has delivered a blunt verdict on Germany’s Energiewende. In July 2026 interviews with the Rheinische Post and others, the head of one of Germany’s largest specialty chemicals companies stated that the energy transition has cost around €1,000 billion—and delivered “nothing.” “Wir haben nicht genug Gaskraftwerke. Wir haben eine Netzinfrastruktur wie in […]

Continue Reading

Williams Cos. Reaches Deal to Buy Momentum Midstream for Up to $5.5 Billion

Clark Savage878

Tulsa-based The Williams Companies, Inc. (NYSE: WMB) has signed an agreement to acquire Momentum Midstream in a strategic transaction valued at up to $5.5 billion, establishing a premier position in the Haynesville Shale to serve expanding Gulf Coast LNG, power, and industrial demand. The deal, announced alongside Williams’ strong second-quarter 2026 results on August 3, […]

Continue Reading

NextDecade Snags $4.6B Financing for Rio Grande LNG Growth

Clark Savage991

HOUSTON — NextDecade Corporation has locked in approximately $4.6 billion in financing tied to its Rio Grande LNG (RGLNG) project in South Texas, strengthening the balance sheet for Phase 1 while advancing expansion plans. The moves, detailed in the company’s second-quarter 2026 business update released July 30, 2026, refinance existing construction debt and free bank […]

Continue Reading

China Indefinitely Suspends Power of Siberia 2 Negotiations: A Major Blow to Russia’s Energy Export Ambitions

Clark Savage1988

A recent Wall Street Journal report has confirmed that China has effectively put negotiations for the Power of Siberia 2 (PoS2) natural gas pipeline on indefinite hold. This development, highlighted in a July 19 X post by commodities analyst Jack Prandelli, underscores Beijing’s hardball tactics and Russia’s increasingly desperate position in pivoting its energy exports […]

Continue Reading

WSJ Reports Tankers Hit Outside Strait of Hormuz at the Port of Fujairah; Potential Disruption to Key UAE Export Hub

Clark Savage1895

The Wall Street Journal has reported concerns among tanker operators following strikes on vessels near the Port of Fujairah, raising alarms about the widening scope of attacks beyond the Strait of Hormuz. Social media commentary, including a post by Mario Nawfal, highlighted that Iranian missiles reportedly struck two oil tankers, leading to claims that the […]

Continue Reading

Goldman Sachs: New Pipelines Could Divert 45% of Strait of Hormuz Oil by 2027 and 60% by 2028 — Iran’s Oil Leverage Nears Irrelevance

Clark Savage1507

The Strait of Hormuz, the world’s most critical oil chokepoint carrying roughly 20% of global oil trade (around 20–21 million barrels per day pre-disruptions), is rapidly losing its stranglehold. According to Goldman Sachs analyst Alexandra Paulus, pipeline projects across the Gulf are on track to divert up to 45% of pre-war Persian Gulf oil exports […]

Continue Reading

President Trump Meets with Iraqi Prime Minister Over Oil Deals, New Pipeline, and Reduced U.S. Military Footprint

Clark Savage1271

In a significant development for U.S.-Iraq energy relations, President Donald Trump hosted Iraqi Prime Minister Ali al-Zaidi at the White House on July 14, 2026. The meeting focused on deepening strategic ties, advancing major oil and gas investments, and discussing infrastructure projects—including a revived pipeline that could bypass the volatile Strait of Hormuz. Trump also […]

Continue Reading

The New Oil Bull Markets Will Be Dependent on China Confirming Oil Purchases and Global SPR Rebuilding

Clark Savage1112

In the aftermath of the 2026 Iran-Hormuz crisis, which severely disrupted tanker traffic through the Strait of Hormuz and triggered the largest oil supply shock in decades, oil markets are shifting from acute supply fears to a more structural driver of price support: the urgent need to rebuild depleted inventories and strategic reserves worldwide. A […]

Continue Reading