• Gas
  • June 4, 2025
Analysis: Chart–Flowserve deal and its tech

Global gas equipment company Chart Industries and US-based industrial machinery supplier Flowserve announced today that they have agreed to merge in an all-stock deal worth $19bn. As part of the…

AI’s Urgent Need for Power Spurs Return of Gas Turbines

Gas turbines outside the xAI data center in Memphis.Photographer: George Walker IV/AP Photo Stargate’s first AI data center, planned to be completed next year, will require enough electricity to support…

Oil Steady as OPEC+ Ups Output While Wildfires Curb Canadian Supply

Summary OPEC+ supply rises weigh on sentiment – Rystad analyst Persistent tariff tensions stalks market Upside potential to oil prices limited – Saxo Bank analyst (Reuters) – Oil prices held…

Wind Opponents Sue Trump Administration to Block New York Wind Project

(Reuters) – Fishing companies and offshore wind opponents filed a lawsuit on Tuesday challenging the Trump administration’s decision to reverse course and allow construction to resume on Empire Wind, a…

Airlines Must Ink Long-Term Deals on Greener Fuels to Boost Volumes

(Reuters) – Airlines need to reach long-term agreements to buy bigger quantities of sustainable aviation fuel if they want to boost global volumes of the lower-emission fuel required for industry…

Low USA Refined Product Inventories Add Risk to Hurricane Season

Low U.S. refined product inventories add risk to the 2025 hurricane season, an analysis sent to Rigzone recently by S&P Global warned. “Despite forecasts of a less active 2025 hurricane…

DOE Scraps $3.7B in OCED Projects, Upending Carbon Capture Progress at Power Plants

The Department of Energy’s (DOE’s) abrupt termination of 24 previously awarded projects—including four prominent power-related carbon capture projects— will rescind $3.7 billion in financial assistance from its Office of Clean…

Alaska LNG Interest Hits $115 Billion

Energy companies are ready to commit to buying $115 billion worth of liquefied natural gas from Alaska once President Trump’s pet energy project gets done, the company in charge of…

Iran Oil Exports to China Shrink

Crude oil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa. Per that data,…

Texas Removes BlackRock From Energy Boycott Blacklist

Texas has removed BlackRock from its list of oil and gas investment boycotters after the asset manager shrank its ESG footprint, ending a three-year quiet confrontation that saw Texas state…