Trafigura Calls for a Rethink of LNG Project Funding
The current financing model for most LNG export projects, where banks require a large part of the future volumes to be contracted in advance in long-term deals, needs to change,…
Texas Upstream Employment Rises
Employment in the Texas upstream sector increased between November and December 2025. That’s what the Texas Independent Producers and Royalty Owners Association (TIPRO) said in a statement sent to Rigzone…
U.S. Sends $500 Million in Venezuelan Oil Proceeds to Caracas
The United States has transferred the proceeds from sales of Venezuelan oil to Caracas, following a deal agreed by the two governments in January. The deal involved Venezuela “turning over”…
Germany Seeks Middle East LNG Deals
Germany’s chancellor, Friedrich Merz, will lead a delegation to Saudi Arabia and Qatar, seeking to secure supply deals for liquefied natural gas to diversify away from the United States, Bloomberg…
Trump Administration Greenlights Deepwater Texas Oil Terminal
The U.S. federal government has approved a project for the construction of a deepwater oil terminal on the Texas coast, to be led by Sentinel Midstream. The Texas GulfLink facility…
US Crude Oil Inventories Take Big Hits In Storm Aftermath
The American Petroleum Institute (API) estimated that crude oil inventories in the United States decreased by 11.1 million barrels in the week ending January 30. Crude oil inventories decreased by…
Washington Prepares Broad License to Restart Venezuelan Oil Production
Washington is preparing to take another step deeper into Venezuela’s oil sector, with plans to issue a broad license that would allow companies to pump crude in the country for…
