Amber Energy Says it Will Invest $11 Billion in Citgo if Sale is Finalized
By HOUSTON, April 24 (Reuters) – Amber Energy CEO Greg Goff promised $11 billion in investments in Citgo Petroleum if the U.S. Treasury Department’s Office of Foreign Assets Control releases…
Oil Prices End Volatile Session Mixed But Up Sharply for the Week on Supply Worries
By and Iran to make offer aimed at satisfying US demands, Trump tells Reuters Trump to send Witkoff and Kushner to Pakistan for Iran talks, CNN reports WTI falls on…
US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed…
US Exporters are Plugging a Qatar-Sized LNG Supply Hole – For Now: Maguire
tanker (Reuters) – U.S. LNG exporters have so far offset the drop in shipments from Qatar following Iranian attacks on its facilities and the closure of key Middle East shipping…
US Imposes Sanctions on Chinese Teapot Refinery for Buying Iranian Oil
By US targets Hengli Petrochemical and 40 firms, vessels for helping Iran sell oil Sanctions aim to restrict Iran’s oil exports Experts say targeting Chinese banks would have greater effect…
S&P Global Announces New Strategic Direction for Upstream Energy Business
Divests its geoscience and petroleum engineering software portfolio to global technology firm SLB in order to sharpen focus on proprietary data and insights Launches Titan, a new customer facing AI-powered…
SLB Quarterly Profit Slips as Iran War Dents Middle East Oilfield Activity
The entrance to oilfield service provider SLB’s office in Houston, Texas, showing the former Schlumberger’s new name and logo, is seen in this handout image taken June 2023. Courtesy of…
Oil Rises on Concern Over Escalating Middle East Tensions
Summary Oil on track for second-largest weekly rise since Iran war began Brent up 18% so far this week, WTI up 16% Trump says he would not set a timetable…
White House Expected to Extend Jones Act Waiver Up to 90 Days, Sources Say
(Reuters) – The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to…
Cost to Build a Natural Gas-Fired Power Plant Surges 66%, BNEF Says
By Costs to build natural gas-fired power plants in the US increased 66% between 2023 and 2025 as developers propose building more projects nationwide to meet rising electricity demand, adding…
