EIA USA Demand Forecast Raised for 2026, Dropped for 2027
The EIA now sees U.S. total energy consumption coming in at 95.84 quadrillion British thermal units (qBtu) this year and 96.77 qBtu in 2027.
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Shell Greenlights Project to Double LNG Canada Capacity
'Phase 2 supports Shell's strategic objective to be the world's leading integrated gas and LNG business by connecting Canadian resources with Shell's global LNG portfolio, trading capability and customer reach'.
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Oman to Boost Oil Storage
Oman plans to more than double oil storage capacity at a port outside the Strait of Hormuz.
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Perenco Signs Preliminary Agreement to Electrify Production offshore Brazil
Perenco signed a letter of intent with Porto do Acu for what it says is the first offshore platform electrification project in Brazil's Campos Basin.
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Uniper Agrees Major SAF Offtake with Arcadia
Uniper agreed to buy 40,000 metric tons of electro-sustainable aviation fuel from Arcadia eFuels' Project Endor in Denmark.
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Texas Oil Regulator Urges Operators to Report Theft
Texas Railroad Commissioner Wayne Christian has urged oilfield operators to report theft, a statement posted on the Texas Railroad Commission's (RRC) website recently highlighted.
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SOCAR Expands International Partnerships
The State Oil Company of the Azerbaijani Republic signed several collaboration agreements with international companies including ExxonMobil at the Azerbaijan International Investment Forum.
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Oil Risk Premium Is Becoming Structural
Standard Chartered Bank Energy Research Head Emily Ashford outlined that there will be no return to normal for the oil market.
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Court Pauses $16B Dangote Refinery Project in Kenya
A Kenyan court ordered construction to be paused on Aliko Dangote's $16 billion oil refinery in the East African nation, after a group of petitioners filed a case opposing the project.
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Oil Execs Flocking to VEN Set Off Hunt for Golf Clubs
Dozens of executives teed up at the lush Caracas Country Club for a golf tournament Monday.