Oil prices fell as attacks on Gulf export infrastructure disrupted production and forced shut-ins in the UAE, while global efforts intensify to reopen the Strait of Hormuz.
The $44 billion Alaska LNG project is targeting final investment decisions in 2026 and 2027 as developers work to secure remaining LNG offtake agreements ahead of exports planned for 2031.
Venezuela’s PDVSA plans to terminate its contract with Ecopetrol tied to the Antonio Ricaurte gas pipeline linking the two countries, raising new uncertainty around efforts to revive cross-border gas trade.
The $44 billion Alaska LNG project needs another 3 million tons per year of LNG offtake agreements before developers can move forward with a final investment decision, according to Glenfarne’s CEO.
IEA member countries agreed to release a record 400 million barrels of oil from emergency reserves as disruptions to shipments through the Strait of Hormuz tighten global energy supplies.
U.S. natural gas production reached a record average of 118.5 billion cubic feet per day in 2025, driven largely by growth in the Permian, Appalachia and Haynesville regions, according to the U.S. Energy Information Administration.
The Trump administration has ordered Sable Offshore to restore production at the Santa Ynez offshore oil unit and pipeline system off California, a move aimed at boosting domestic supply amid rising fuel prices.
Venture Global has reached a final investment decision and secured $8.6 billion in financing for Phase 2 of its CP2 LNG export project in Louisiana, pushing total project financing above $20 billion.
Federal regulators have authorized construction of liquefaction Trains 4 and 5 at NextDecade’s Rio Grande LNG export project in Texas, marking a key step forward for the facility’s expansion.
An unplanned flaring event at the Shell-led LNG Canada export terminal in Kitimat, British Columbia, could continue for up to a week, highlighting operational challenges at the recently launched LNG facility.
Oil prices surged past $100 a barrel as the widening Iran conflict disrupted tanker traffic and closed the Strait of Hormuz, triggering sharp market reactions and political debate in Washington.
Tallgrass has selected Turboden to install waste heat-to-power systems at three natural gas compressor stations in Ohio and Indiana, converting turbine exhaust heat into grid electricity.
RWE plans to invest about $19 billion to expand its U.S. power generation portfolio through renewable energy, battery storage and limited gas-fired capacity as part of a broader $40 billion global investment program.
India signaled support for the International Energy Agency’s record emergency release of oil reserves as global markets face supply disruptions and rising prices following the Middle East conflict.
Argent LNG has applied to the U.S. Department of Energy for authorization to export up to 25 million metric tons per year (MMtpy) of LNG from its planned Louisiana export terminal as the developer advances toward a final investment decision.
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