Business & Markets

Oil Prices Slip as U.S. Dollar Strengthens on Jobs Data

Oil prices nudged lower for a second straight session on Monday, weighed down by a firmer dollar as expectations of interest rate cuts were pushed out further following strong U.S. jobs data on Friday.

Enbridge Gas to Cut Emergency Response Shifts in Toronto, Labor Union Says

Canadian labor union Unifor said on Friday that Enbridge's gas unit wants to cut its emergency response shifts in Toronto, amid an emphasis on curtailing costs.

Rosneft's Sechin Criticizes Increase in Spare Oil Output Capacity in Middle East, West

He said that combined spare oil production capacity of Saudi Arabia, United Arab Emirates, Kuwait and Iraq stood at 5.6 million barrels per day, or 13% of OPEC+ current output.

Berkshire Buys Additional 2.57 Million Shares in Occidental Petroleum, Filing Shows

Warren Buffett's Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing.

U.S. Expedites Strategic Petroleum Reserve Purchases as Oil Prices Decline

The Department of Energy on Friday issued two solicitations to buy a combined 6 million barrels of crude for delivery to its Bayou Choctaw site in Louisiana from September through December.

Benin-Niger Dispute Intensifies with Arrests at Crude Pipeline Terminal

A prosecutor in Benin said authorities had detained five Niger nationals last week for allegedly entering Benin's Seme-Kpodji pipeline terminal under false pretenses, deepening a dispute over exports of crude oil from Niger via Benin.

Williams Seeks Approval to Expand Regional Energy Access Natural Gas Project

U.S. energy company Williams sought permission from a federal energy regulator on Friday to put more of the Regional Energy Access natural gas project already under construction into service by July 1.

Mexico's CFE Wins Contract Arbitration Case Against Texas Gas Supplier

A Houston arbitration panel last month rejected WhiteWater Midstream LLC's claims against CFE, and awarded the state power utility undisclosed damages, fees and costs, according to a document filed on Wednesday in U.S. District Court, Houston.

TotalEnergies, Air Products Ink Deal for Green Hydrogen Delivery

French oil and gas major TotalEnergies said on Friday it had signed a deal with U.S. industrial gases company Air Products and Chemicals for delivery of green hydrogen.

CNOOC Announces Major Gas Discovery in South China Sea

CNOOC Ltd. has achieved a major exploration breakthrough in an ultra-shallow gas play in ultra-deep water South China Sea, the state-owned oil and gas firm said on Thursday.

Analysis: How Devon Energy Missed the Boat on U.S. Oil and Gas Mega-Deals

U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations.

Afreximbank Provides $925 Million for Nigerian Oil Sector Expansion

Africa's Afreximbank has just greenlit a massive $925 million loan to Nigeria's NNPC, backing the oil giant's expansion plans.

Sinopec Unit Secures $1.1 Billion Deal to Build Gas Pipelines for Saudi Aramco

A Sinopec service unit said on Thursday it has signed a $1.10 billion deal to build natural gas pipelines for Saudi state oil company Aramco.

Freeport LNG Sues Three Contractors Over Defects at Texas Plant

Freeport LNG filed a lawsuit in April against three contractors alleging that installation defects in electric motors at its $14-billion Texas export plant caused prolonged outages and costly repairs.

GreenGasUSA and Darling Ingredients Partner to Produce Renewable Natural Gas

GreenGasUSA and Darling Ingredients Inc. have joined forces in a groundbreaking partnership aimed at producing renewable natural gas (RNG) and capturing CO2 emissions from wastewater streams at Darling’s U.S. facilities.

Golden Pass LNG Construction Turmoil to Delay Texas Plant's Startup, Analysts Say

The startup of Golden Pass LNG, the QatarEnergy and ExxonMobil $11 billion joint venture liquefied natural gas project in Texas, has been delayed by at least six months due to construction turmoil, analysts said on Thursday.

Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977

Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on Thursday said it was relaunching efforts to build a large plant in South Texas.

Southern Company Gas Subsidiaries Secure First Renewable Natural Gas Deal

Two Southern Company Gas subsidiaries, Virginia Natural Gas and Chattanooga Gas, have finalized their inaugural renewable natural gas (RNG) agreement.

Consortia Eye Citgo's Texas Refinery Ahead of Auction Deadline, Sources Say

Energy producers, refiners, investment funds and bankers increasingly have shown interest in the Venezuelan-owned company's Corpus Christ, Texas, complex during a marketing process organized by a U.S. court in Delaware.

Williams Says Court Rules in Its Favor in Pipeline Dispute with Energy Transfer

Pipeline operator Williams said on Wednesday a Louisiana court has ruled in its favor in a dispute with its rival Energy Transfer over a pipeline construction.

TC Energy Shareholders Approve Spin-Off of North American Oil Pipeline Business

TC Energy shareholders voted in favor of spinning off the Canadian company's liquids pipeline business on Tuesday, creating a new energy infrastructure firm known as South Bow Corp. whose assets include the Keystone oil pipeline.

Entergy Texas Plans New Natural Gas Power Plants to Address Growing Electricity Demand

Entergy Texas plans to build two new natural gas power plants, as it confronts burgeoning electricity demand in the southern state, the company said.

Ugandan Activist Detained Over Opposition to TotalEnergies Oil Pipeline, Pressure Group Reports

A Ugandan activist campaigning to stop the development of a $5 billion crude oil pipeline in east Africa by France's TotalEnergies and others has been detained by Uganda's military, the group he works for said on Wednesday.

Kinetik Completes Sale of Equity Stake in Gulf Coast Express Pipeline

Kinetik Holdings Inc. has announced the completion of its previously announced sale and direct transfer of its 16% equity interest in the Gulf Coast Express pipeline to an affiliate of ArcLight Capital Partners LLC for $510 million.

U.S. Could Boost Rate of Replenishing Oil Reserve, Energy Secretary Granholm Says

The U.S. could hasten the rate of replenishing the Strategic Petroleum Reserve as maintenance on the stockpile is completed by the end of the year, Energy Secretary Jennifer Granholm told Reuters on Tuesday.

Pantheon Resources Signs Natural Gas Sales Agreement with Alaska LNG Developer

Pantheon Resources said on Tuesday it had signed an agreement establishing the terms for future sales of its natural gas to a unit of state-backed Alaska Gasline Development Corporation.

Enbridge Adds 21,000 Miles of Gas Pipelines to Network with Questar Gas Company Acquisition

Questar Gas's asset portfolio includes over 21,000 miles of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility that enhances system reliability, and interconnections to multiple interstate natural gas pipelines.

Saudi Aramco Explores LNG Ventures with U.S. Firms Tellurian, NextDecade, Sources Say

Oil giant Aramco is in talks with U.S. firms Tellurian and NextDecade on two separate LNG projects as the Saudi firm seeks to boost its gas trading and production, three sources close to the talks told Reuters.

TotalEnergies Secures New LNG Contracts in Asia

TotalEnergies has announced the signing of two new liquefied natural gas (LNG) contracts in Asia, as part of its strategy to expand its LNG business.

Enterprise Launches Open Season for Expanded Diluent Service on TE Products Pipeline

Originating in Mont Belvieu, Texas, the pipeline stretches to the Chicago-area market, providing access to third-party pipelines facilitating diluent transport to Canada. The open season aims to accommodate heightened shipper demand without disrupting existing operations.