Nasser answered a question on Tuesday during Aramco’s H1 earnings call on the company’s ambitions in the LNG industry in the next five to ten years. The CEO noted that Aramco agreed to increase its […]
In a landmark move poised to reshape America’s freight rail landscape, Union Pacific (UP) and Norfolk Southern (NS) announced a proposed $85 billion merger on July 29, 2025. This deal, if approved by regulators, would […]
Welcome back to the Energy News Beat Channel, where we break down the latest developments shaking up the global oil markets. Today, we’re diving into the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report, […]
In a move that underscores the shifting dynamics of global energy alliances, the United States and Pakistan have inked a significant trade and energy pact aimed at unlocking Pakistan’s untapped oil reserves. Announced by President […]
In a move signaling ongoing efforts to streamline operations and boost profitability, British energy giant BP has announced plans to eliminate approximately 6,200 office-based roles this year, marking an increase from its earlier target of […]
In a volatile week for global energy markets, oil prices have edged higher, with Brent crude futures climbing to $68.70 per barrel and West Texas Intermediate (WTI) reaching $65.90 per barrel as of August 6, […]
RegulatoryTankers Despite a torrent of sanctions from the US, UK, and EU this year, the shadow tanker fleet continues to expand at pace, according to new figures from broker BRS. The so-called grey fleet (see […]
Venture Global said the uprate approval increases Calcasieu Pass’ permitted peak liquefaction capacity from 12.0 million tonnes per annum (mtpa) to 12.4 mtpa. In a separate statement, DOE announced that it signed a final authorization […]
In June 2025, GasLog Partners entered into an agreement to sell, subject to customary and other closing conditions, the 145,000-cbm LNG carrier Methane Alison Victoria to an unrelated third party for a gross sale price […]
In a bold escalation of its foreign policy, the United States is intensifying sanctions against Iran, with a particular focus on disrupting financial channels that support the regime’s oil exports. This move primarily targets China, […]
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