Americas Energy News

Trump’s Tougher Russia Stance Puts Kazakhstan in a Difficult Position

Since returning to the White House in early 2025, President Donald Trump has consistently argued that the war in Ukraine should end through negotiations. He initially believed that direct engagement with Russian President Vladimir Putin could create conditions for a political set

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US Oil Drillers Add Even More Rigs As Oil Prices Stay Higher

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US rising to 593, up 54 from this same time last year. The number of active oil rigs rose by

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South Africa’s Top Court Blocks Shell Wild Coast Exploration

South Africa’s Constitutional Court has blocked Shell-led exploration along the country’s Wild Coast, adding another legal setback to an offshore sector already struggling to keep pace with neighboring Namibia. The country’s highest court on Friday overturned a 2024 Supreme Court

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Hormuz Attacks Push Oil Toward $100 Despite US Crude Build

Brent heads toward a 5% weekly gain as stalled US-Iran talks and Hormuz attacks push oil prices toward $100. Friday, August 14, 2026 Crude oil prices are set to post a 5% weekly gain after this week quashed hopes (for the umpteenth time) of a negotiated US-Iran settlement, with T

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U.S. West Coast Refiners Tap Malaysian Supply

A cargo of fuel oil from Malaysia is making its way to a refinery on the U.S. West Coast in the first such shipment in three years as global supply of feedstock for refineries has tightened in recent months due to the closure of the Strait of Hormuz. The Solomon Sea tanker, laden

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Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project

Kazakhstan has alleged in a confidential arbitration case that some of the biggest international oil firms that have developed the giant Kashagan oilfield awarded $10.7 billion worth of contracts with unjustified cost increases or through bribes, the International Consortium of I

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Indian Refiners in Panic Buying Mode

<p>Indian state-owned refiners are rushing to procure spot crude unusually far in advance as Ukrainian attacks on Russian energy assets and a stalemate over the...

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Iran’s Economy Is Buckling Under the Weight of War

Every week, the shopping lists of Iranians become shorter as inflation soars and purchasing power plunges. “As things disappear from the dining table, fruit goes first, then dairy products, then anything considered non-essential,” a woman in the Iranian capital, Tehran, said in a

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Parts of Russia Running Out of Fuel amid Refinery Attacks

<p>Several regions of Russia are facing fuel shortages again after Ukraine resumed almost daily attacks on oil refineries in the country.</p> <p>The Kaluga r...

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Bernhard Completes Acquisition of New Mexico Gas from Emera

<p>Bernhard Capital Partners (BCP) has completed the acquisition of New Mexico's biggest regulated natural gas utility from Emera Inc for around $1.25 billion.<...

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India's Coal Demand Set to Hit 1.6 Billion Tons by 2030

India’s coal demand is set to jump to 1.6 billion tons in 2030, from about 1.2 billion tons now, due to higher electricity generation and industrial activity, Indian Coal Secretary Vikram Dev Dutt said on Friday. India, which is the world’s second-biggest coal consumer behind Chi

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Hormuz Crisis Pushes Asian Refiners Toward U.S. Oil

North Asian refiners have increased buying activity to secure U.S. crude oil supply as an alternative to the Middle Eastern crude that may not make it outbound from the Strait of Hormuz as the U.S.-Iran stalemate continues and the chokepoint remains effectively closed. At least f

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ConocoPhillips Starts Production at New Alaska Oil Project

<p>ConocoPhillips has put onstream the Coyote 3SX project, expected to add up to 12,000 barrels per day gross to its production on Alaska's North Slope.</p> ...

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Oil Traders Reprice Hormuz Risk as Demand Outlook Deteriorates

September WTI crude oil futures are trading at $81.19 late Thursday, up $4.11, or 5.33%, for the week. With Friday’s session still to come, the final weekly result remains unsettled. The message is clear. Traders spent the week rebuilding the Hormuz premium after last week’s deal

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Fallout Spreads Across the Middle East as the Iran War Grinds On

Politics, Geopolitics & Conflict Yemen’s Houthis said they targeted Saudi Aramco’s Jazan refinery with two drones on Thursday, the second claimed attack on the Red Sea facility in less than a week and the third since July 25. Neither Saudi Arabia nor Aramco has confirmed the atta

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Syria’s Oil Revival Is Weakening Russia’s Influence in the Country

Syrian oil is clawing its way back, methodically. Onshore, the immediate issue is returning Syria’s existing oil production to Damascus. Most producing fields are concentrated in Deir ez-Zor and Hasakah in the northeast, territory Damascus lost during the civil war, eventually to

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Argentina LNG Seeks Government Incentives

<p>The Argentina LNG consortium has filed an application for the government's Large Investment Incentive Regime (RIGI), co-owner Eni SpA said Friday.</p> <p>...

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TGS and GTI to team up on offshore seismic projects

TGS and GTI have entered into a four-year strategic collaboration intended to deliver integrated seismic acquisition solutions across shallow water, transition zone, and deepwater environments.

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Drone Strike Sparks Blaze at Key Russian Oil and Fuel Terminal

Ust-Luga, the top Russian port for exports of oil and other commodities from the Baltic Sea, caught fire early on Friday following an overnight drone attack from Ukraine. A fire was detected at the port of Ust-Luga as a result of damage from drones, Alexander Drozdenko, governor

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Middle East Oil Tankers Are Going Dark for Longer

Not only is a growing number of tankers moving stealthily with transponders switched off at the Middle East’s two key chokepoints, but the time of the so-called dark mode movements has extended from just a few hours to a week and even more, as shipping risks in the region have in

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Underground LDES: turning mines and caverns into energy storage

This episode of Energy Technology considers how repurposed mines and salt caverns can provide long duration energy storage.

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BP Wins New Venezuela License

<p>The Venezuelan government awarded BP PLC an exploration and production license for phase 2 of the Loran gas field, the British company said Thursday.</p> ...

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Vance Says Cheap Oil and Gas Is Top U.S. Priority in Iran War

Low U.S. gasoline prices are the top priority of the Administration amid the war in Iran, Vice President JD Vance said, as the U.S.-Iran deadlock persists and the U.S. vowed to keep the blockade on Iran indefinitely. “I know that oil is down today and it's way down from the highs

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Oil climbs amid US warning of prolonged Iranian naval blockade

Oil prices increased on Friday, 14 August, after the US warned it could impose an indefinite naval blockade on Iran, heightening concerns about crude supply disruptions in the Middle East.

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US to Soon Unveil Unprecedented Sanctions on Iran

<p style="background-color: #f5f5f5; font-weight: bold; font-size: 0.8em; padding: 3px 5px; margin-bottom: 5px;">(Update) August 14, 2026, 2:31 PM GMT: Article ...

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XRG secures stake in Venezuela’s offshore Loran gas licence

ADNOC’s international investment arm, XRG, has been awarded an interest in Venezuela’s offshore Loran licence.

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Emerson wins contract for BP’s $2.9bn Shah Deniz Compression project

Emerson has been awarded a multi-million-dollar contract to deliver automation systems for the $2.9bn Shah Deniz Compression project, operated by BP in the Caspian Sea, Azerbaijan.

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India Seeks More USA LPG

<p>India’s state-owned refiners are in talks to secure more US liquefied petroleum gas under annual contracts for next year as the world’s biggest consumer of t...

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Oil Falls as Iran Talks Remain Stalled

<p>Oil snapped its run of recent gains, as limited progress over a deal to end the Iran war left traders parsing how much oil is crossing the Strait of Hormuz.<...

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EIA Predicts Record Annual USA Oil Output in 2026

<p>In its latest short term energy outlook (STEO), which was released on August 11 and completed its forecast on August 6, the U.S. Energy Information Administr...

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Ship Pays $4MM to Skip Line to Cross Panama Canal

<p>A container ship paid $4 million to cut the line at the Panama Canal, where wait times are stretching more than a week, as vessels seek alternative routes be...

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Presidio Forms AI Engineering Team

<p>Presidio Production Co has assembled an engineering team dedicated to developing and deploying artificial intelligence workflows tailored to oil and gas prod...

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Golar LNG signs $2.5bn agreement for fourth floating LNG vessel

Golar LNG has signed an EPC agreement with Yantai CIMC Raffles Offshore for the it's fourth FLNG production vessel, at a total budget of around $2.45bn.

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Global Refining System Has Little Spare Room Left

<p>The global refining system has little spare room left to respond.</p> <p>That’s what Daniel Evans, Global Head of Fuels and Refining Research at S&P Globa...

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USA Gasoline Price Breaks Records

<p>In statements posted on his X page on Wednesday, Patrick De Haan, Head of Petroleum Analysis at GasBuddy, announced that the U.S. gasoline price had broken a...

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SK Shipping to acquire H-Line LNG ships and long-term contracts

SK Shipping aims to become Asia’s largest operator of LNG carriers by acquiring vessels and contracts from H-Line Shipping in a deal announced by Hahn & Co.

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Bernhard closes acquisition of natural gas utility NMGC from Emera

Bernhard Capital Partners has completed its acquisition of New Mexico Gas Company (NMGC) from Emera in a transaction valued at approximately $1.25bn.

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Anaergia Nearly Doubles Revenue YoY

<p>Anaergia Inc has reported CAD 63.9 million ($45.79 million) in revenue for the second quarter (Q2), up 98.1 percent from the same three-month period last yea...

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Iran Boosts Military Posturing as Talks Hit Deadlock

<p>Iran has reorganized its military to be more aggressive abroad as talks on ending the war with the US remain mired in stalemate, a sign that Tehran is prepar...

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Meren Narrows Production Guidance

<p>Meren Inc has bumped up the lower ends of its working-interest (WI) and entitlement production forecasts for 2026 while revising down the higher ends, even a...

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Neoenergia Allots $599MM to Upgrade Federal District Power System

<p>Iberdrola SA's Brazilian arm has announced BRL 3.1 billion ($598.64 million) in investment to expand and modernize the Federal District's electricity infrast...

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ConocoPhillips starts production at Coyote 3SX on Alaska’s North Slope

ConocoPhillips has commenced oil production at its Coyote 3SX development in the Kuparuk River Unit on Alaska's North Slope.

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Crude Steady as Iran Risks Persist

<p>Oil swung between gains and losses as traders parsed a barrage of data from leading energy forecasters amid little sign of a breakthrough between Iran and th...

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Russia Daily Oil Production Almost 1MM Barrels Below OPEC+ Quota

<p>Russia’s crude-only production lagged behind its OPEC+ quota by almost a million barrels a day in July as Ukraine attacked the nation’s oil infrastructure al...

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USA Oil, Gas Workforce Hits Lowest Level in Years

<p>The number of employees in the oil and gas extraction industry hit its lowest level so far in 2026, and the lowest level in years, data on the U.S. Bureau of...

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Black Sea Oil Tanker Rates Surge to Record

<p>Freight costs for oil tankers shipping crude from the Black Sea to the Mediterranean have risen to a record after a flurry of drone attacks, driving down pri...

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TechnipFMC to supply flexible pipes for Azule’s West Hub Tails project

TechnipFMC has secured a contract from Azule Energy to deliver flowlines and risers for the West Hub Tails project offshore Angola.

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How Much Oil Transited Through World's Chokepoints in 2Q?

<p>In its latest short term energy outlook (STEO), which was released on August 11 and completed its forecast on August 6, the U.S. Energy Information Administr...

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Phillips 66, Partners Sanction Texas to Arizona Oil Pipeline Project

<p>Phillips 66, Kinder Morgan Inc and HF Sinclair Corp have made a $5-billion final investment decision on a pipeline project for refined oil products from Borg...

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Sable Expects to Increase SYU Oil Sales to California Refiners from Q3

<p>The operator of the Santa Ynez Unit (SYU) oil project in California expects refiners in the state to start buying more SYU crude oil and rely less on imports...

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Venture Global Logs Nearly 50 Percent Revenue Increase

<p>Liquefied natural gas (LNG) producer Venture Global Inc on Monday reported $4.58 billion in revenue for the second quarter (Q2), up 48 percent from the same ...

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EU Says Power System Stable despite Extreme Weather

<p>The Electricity Coordination Group met on Monday and assessed that the European Union faces no near-term electricity shortage despite ongoing heatwaves and d...

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UKCS Production Drops, Efficiency Rises

<p>Although production efficiency in the UK Continental Shelf (UKCS) increased last year, total output fell in 2025, the North Sea Transition Authority’s (NSTA)...

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UAE Offers to Shuttle Iraqi Oil through Hormuz

<p style="background-color: #f5f5f5; font-weight: bold; font-size: 0.8em; padding: 3px 5px; margin-bottom: 5px;">(Update) August 8, 2026, 12:15 PM GMT: Article ...

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Oil Extends Gains on Hormuz Uncertainty

<p>Oil edged up in a choppy session as traders expressed skepticism over the potential for a deal that would imminently restore flows through the Strait of Horm...

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A Dozen Ships Switch Oil Outside Hormuz

<p>A key oil supply valve from the Middle East that involves shuttle transits through the Strait of Hormuz is continuing to function in the face of a recent spa...

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North America Breaks Rig Addition Streak

<p>North America dropped three rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on August 7.</p> <p>Th...

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Trump Extends Narrowed Waiver of USA Jones Act

<p>President Donald Trump has extended a waiver allowing foreign ships to transport oil and other commodities around the US for 90 more days, albeit with new li...

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Santos Starts Delivering Oil from Alaska Project

<p>Santos Ltd said Tuesday it had loaded the first crude oil cargo from the Pikka development on Alaska's North Slope, headed to the West Coast for refining.</p...

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Brazos to Grow Midland Gas Processing Capacity to 1.1 Bcfd

<p>Brazos Midstream said Monday it plans to build a cryogenic natural gas processing plant with a capacity of 300 million cubic feet a day (MMcfd) in Glasscock ...

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NOAA Reveals Latest Atlantic Hurricane Season Prediction

<p>In a statement posted on its site recently, the U.S. Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) announced that it was ma...

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CATL to Deliver 3 GWh Battery Supply for ContourGlobal Projects

<p>ContourGlobal said Monday it had awarded CATL a contract to deliver storage systems for battery projects in Chile, Greece and the United Kingdom with a combi...

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Uniper Plans to Build Data Centers at Its Power Sites

<p>Uniper SE said Tuesday it has identified over 10 of its electricity generation sites that have suitable infrastructure to support co-located data centers.</p...

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Why Are Oil Prices Rising?

<p>Oil prices are up as uncertainty over a U.S.-Iran deal to reopen the Strait of Hormuz revived supply-disruption concerns with both sides demanding compensati...

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Saudis Delay Restart of 400,000 Bpd Refinery

<p>Saudi Aramco pushed back restarting its Jazan oil refinery to late August, following a weekend attack on the facility, according to market intelligence firm ...

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Oil Climbs as Hormuz Deal Remains Elusive

<p>Oil embarked on a steady climb higher as Iran and Oman remained short of a deal to reopen the Strait of Hormuz, while European diesel prices surged following...

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Ukraine Hits Major Taneco Oil Refinery

<p>Ukraine’s military attacked the large Taneco oil refinery and the ZapSibNeftekhim petrochemical plant deep inside Russia on Monday, adding to the pressure on...

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Cheniere Partners Posts Higher Profit on Higher LNG Exports

<p>Cheniere Energy Partners LP (Cheniere Partners) has reported $1.16 billion in net profit for the second quarter, up 110 percent from the same three-month per...

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ERCOT Hourly Peak Load Sets New Record

<p>Hourly peak load in the Electric Reliability Council of Texas (ERCOT) has set a new record, the U.S. Energy Information Administration (EIA) announced in a s...

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USA NatGas Surges

<p style="background-color: #f5f5f5; font-weight: bold; font-size: 0.8em; padding: 3px 5px; margin-bottom: 5px;">(Update) August 10, 2026, 8:05 PM GMT+1: Articl...

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Algonquin to Redomicile to US

<p>Algonquin Power & Utilities Corp (AQN) said it plans to make the United States its country of incorporation while also maintaining its presence in Ontario.</...

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Which USA Oil Major Produced the Most in 2Q 2026?

<p>Which U.S. oil major produced the most in the second quarter of 2026 - ExxonMobil, Chevron, or ConocoPhillips?</p> <p>According to their second quarter re...

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CES Energy Solutions Posts Record Revenue

<p>CES Energy Solutions Corp said it achieved its highest quarterly revenue, with CAD 714.1 million ($512.07 million) for the second quarter (Q2), up five perce...

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ADNOC 'Significantly Impacted' by Attacks

<p>In a statement sent to Rigzone on Friday, ADNOC said it continued to be “significantly impacted” by attacks on its people and its assets.</p> <p>The compa...

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Sunoco to Buy Offen for $600MM

<p>Sunoco LP (SUN) has signed an agreement to acquire Offen Petroleum for around $600 million in cash.</p> <p>"The transaction will be immediately accretive ...

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Trump Hints at Sustained Economic Pressure on Iran

<p style="background-color: #f5f5f5; font-weight: bold; font-size: 0.8em; padding: 3px 5px; margin-bottom: 5px;">(Update) August 10, 2026, 2:55 PM GMT: Article ...

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Murphy Oil Sees Sharp Profit Increase

<p>Murphy Oil Corp has reported $225.8 million in net income adjusted for nonrecurring items for the second quarter (Q2), nearly six times that of the same thre...

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Trump Refunds to Cancel Offshore Wind Projects Total $4B

<p>The Trump administration has agreed to roughly $4 billion in settlements this year to cancel planned offshore wind projects, including a $1.22 billion deal w...

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Oil Steadies as Hormuz Tensions Flare

<p>Oil steadied as tensions in the Middle East flared while traders monitored progress toward a deal between Iran and Oman to restore shipping through the Strai...

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Petrobras Profit Tops Estimates

<p>Brazilian oil producer Petrobras outperformed expectations after supply disruptions stemming from the US-Iran conflict lifted second-quarter prices for crude...

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BP Buys Woodside Out of Trinidad and Tobago Gas Project

<p>BP PLC said Thursday it has agreed to acquire Woodside Energy Group Ltd's 70 percent operating stake in the Calypso gas field offshore Trinidad and Tobago, w...

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USA Crude Oil Stocks Rise Week on Week

<p>U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 2.5 million barrels from the week ending July 2...

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Adnoc Buys $1.3B of Tankers as Oil Exports Boom

<p>The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country le...

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Norwegian Union Wants Assurances as Independent Decision Awaited

<p>Well service employees offshore Norway have raised uncertainties about the impact to their payrolls and other benefits despite a pause in hostilities after s...

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ConocoPhillips Announces Leadership Succession

<p>ConocoPhillips has announced a “planned leadership succession” in a statement posted on its website.</p> <p>The company revealed that Andy O’Brien, Chief ...

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Al Mazrui Invests in Petrofac

<p>Al-Mazrui International has completed an investment in Petrofac Ltd (Petrofac), a boost for the British energy engineering company following an insolvency pr...

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DNO Plans to Pursue Genel Offer despite Rejection

<p>DNO ASA revealed Friday it had made a rejected acquisition proposal to Genel Energy PLC but said it remains willing to pursue negotiations with the latter's ...

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JPM Now Expects Fed to Hike Rates in December

<p>In a report sent to Rigzone by Greg Shearer, Head of Base & Precious Metals at J.P. Morgan, and Natasha Kaneva, J.P. Morgan’s Head of Global Commodities Stra...

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China Monthly Crude Imports Rebound

<p>China's crude oil imports rebounded last month from a near-decade low, after flows through the Strait of Hormuz picked up and refiners boosted purchases from...

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