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…
TC Energy Raises Full-Year Core Profit Forecast on Natural Gas and Power Demand
(Reuters) – Canadian pipeline operator TC Energy raised its full-year adjusted core earnings forecast on Thursday, driven by increased natural gas and power demand and strength in its North America…
Oil Prices Gain for Fourth Day on Supply Fears From Trump Tariff Threats
(Reuters) – Oil prices gained for a fourth straight day on Thursday, as investors worried about supply shortages amid U.S. President Donald Trump’s push for a swift resolution to the war in…
US Hits Iranian Shipping Network with Major New Sanctions
According to Treasury, Shamkhani controls a vast network of container ships and tankers through a complex web of intermediaries that sell Iranian and Russian oil and other goods throughout the…
California Governor Seeks Additional $18 billion for Utilities’ Wildfire Fund
July 30 (Reuters) – California Governor Gavin Newsom is proposing legislation to bolster the state’s wildfire fund with an additional $18 billion for utilities, Bloomberg News reported Wednesday, citing sources…
Trump Says US and Pakistan Have Concluded Deal on Oil Reserves
By Pakistan officials have visited US in recent weeks for talks Pakistan said last week deal was within reach Trump says an oil company will be chosen to build partnership,…
Oil Rises Over 1% as Investors Weigh Trump’s Russia Stance, Tariff Threats
By Trump vows sanctions unless Russia makes progress on peace deal Trump says US to impose 25% tariff on India from Aug 1 US also warns China over Russian oil…
