Phillips 66 Hit with $800 Million Penalty in Biofuel Trade Secrets Case
“In summary, the court finds that Phillips 66’s misconduct was ‘reprehensible’ from a business perspective. The evidence at trial reflects that Phillips 66 took advantage of Propel Fuels by abusing…
Exxon, Chevron Profits to Drop to Lowest Point Since Pandemic, Analysts Say
(Reuters) – Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil…
Blackstone Emerges as Frontrunner to Buy Enverus
Summary Blackstone may pay around $6 billion for Enverus Veritas Capital also showed interest in Enverus Enverus owner H&F has been running sale process in recent weeks (Reuters) – Blackstone…
US Oil Output Rose to Fresh Record in May, EIA Data Shows
(Reuters) – U.S. crude oil production rose to a record 13.49 million barrels-per-day in May, even as oversupply concerns pushed prices for the commodity to four-year lows, data from the…
FERC Staff Recommend Final Environmental Approval for Rio Grande LNG Project
(Reuters) – Staff at the Federal Energy Regulatory Commission have recommended Next Decade’s Rio Grande LNG project in Brownsville, Texas, receive its final environmental approval, a document showed. The recommendation…
California Imports Saudi Arabian Gasoline for First Time Since 2022
(Reuters) – Fuel importers in California have received gasoline from Saudi Arabia’s Jubail Industrial Port after maintenance at the world’s largest refinery in India helped to open the rare arbitrage…
Phillips 66 Hit with $800 Million Penalty in Biofuel Trade Secrets Case
“In summary, the court finds that Phillips 66’s misconduct was ‘reprehensible’ from a business perspective. The evidence at trial reflects that Phillips 66 took advantage of Propel Fuels by abusing…
Freeport LNG Gas Flows Still Curtailed After Power Outage, LSEG Data Show
(Reuters) – The Freeport LNG export terminal in Texas was running at about half of normal capacity on Thursday following a power interruption that had put the entire plant offline…
MPLX LP to Buy Northwind Midstream in $2.38 Billion Deal to Expand Permian Basin Footprint
(Reuters) – MPLX LP said on Thursday it will acquire Northwind Midstream for $2.38 billion in cash to expand its sour gas gathering and processing footprint in the Permian Basin,…
Sempra Infrastructure and JERA Announce Sale and Purchase Agreement for U.S. LNG from Port Arthur LNG Phase 2
HOUSTON, July 31, 2025 /PRNewswire/ — Sempra Infrastructure, a subsidiary of (NYSE: SRE), and JERA Co., Inc. (JERA) today announced a 20-year sale and purchase agreement for the supply of 1.5 million…
