Regions
Phillips 66 Sells Majority Interest in European Fuel Retailer
Phillips 66 will sell a 65% stake in its Germany and Austria JET-branded retail fuel network for $2.8 billion, forming a joint venture with Energy Equation Partners and Stonepeak while retaining a minority interest.
Strathcona Acquires Canada’s Largest Crude-by-Rail Hub, Sells Assets for $2.84 Billion
Strathcona Resources has acquired the Hardisty Rail Terminal, Western Canada’s largest crude-by-rail hub, and sold its Montney assets for $2.84 billion as part of its midstream-focused consolidation strategy.
Enbridge Sells $511 Million Stake in Westcoast Pipeline to Indigenous Alliance
Enbridge has agreed to sell a 12.5% stake in its Westcoast pipeline system to a Canadian Indigenous alliance for $511 million, marking a major step in First Nations equity participation in energy infrastructure.
Venture Global Pushes FERC to Reapprove CP2 LNG Project in Louisiana
Venture Global is urging FERC to reapprove its CP2 LNG terminal in Louisiana—set to be the largest in the U.S.—following a completed environmental review showing no significant air quality impacts.
Construction Begins on EU’s First CO₂ Storage Terminal in Denmark
Construction has started on the Greensand CO₂ terminal in Port Esbjerg, Denmark—the EU’s first full CCS hub. The facility will store and ship CO₂ for permanent offshore storage in the Danish North Sea.
Saudi Crude Flows to China Expected to Stay High in June
Saudi Arabia is set to maintain oil exports to China at a one-year high in June, with 48 million barrels allocated amid increased OPEC+ output and strong demand from Chinese refiners.
Aramco Signs $90 Billion in U.S. Deals as Trump Gulf Visit Sparks New Tie-Ups
Saudi Aramco announced $90 billion in preliminary deals with major U.S. firms during Trump’s Gulf visit, highlighting expanded partnerships across energy, AI, and digital infrastructure.
NeuVentus Launches Open Season for Gas Storage at Texas TRU Hub
NeuVentus opens non-binding open season for up to 20 Bcf of natural gas storage at its TRU Hub salt cavern project in Liberty County, Texas. Bids close June 27, 2025.
Svante Opens First Commercial Carbon Capture Gigafactory in British Columbia
Svante opens the world’s first commercial carbon capture gigafactory in Canada. The Redwood facility will manufacture filters to capture up to 10 million tonnes of CO₂ annually for industrial and direct air capture use.
Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
Tallgrass secures anchor shippers for a proposed Permian-to-Rockies pipeline, aiming to move up to 2.4 Bcf/d of natural gas by late 2028 and link into its decarbonization network.
Aemetis, Centuri Sign $27 Million Deal to Build RNG Systems for 15 California Dairies
Aemetis has signed a $27 million deal with Centuri to build gas cleanup systems for 15 California dairies, part of its plan to scale renewable natural gas production across 50 farms.
Pemex to Cut Crude Exports as Olmeca Refinery Ramps Up, Official Says
Pemex plans to reduce crude oil exports as its new Olmeca refinery begins processing 100,000 bpd, increasing local capacity to 1.2 million bpd, a PMI official said.
ArcLight Takes Majority Stake in NGPL Pipeline System; Kinder Morgan Retains Minority Interest
NGPL, one of the largest interstate natural gas pipeline networks in the U.S., spans nine states with approximately 9,100 miles of pipeline, one million horsepower in compression, and 288 billion cubic feet of storage.
Japan’s Eneos Boosts LNG, SAF Investments While Scaling Back Hydrogen Plans
Japan’s Eneos plans to invest $10.7 billion under a new three-year strategy, prioritizing LNG and sustainable aviation fuel while pulling back on hydrogen and ammonia targets.
Glencore Inks 20-Year LNG Deal with Commonwealth, Kimmeridge
Glencore has signed a 20-year agreement to purchase 2 million tonnes of LNG annually from Commonwealth's Louisiana export terminal, supported by natural gas from Kimmeridge Texas Gas, helping advance the project toward a final investment decision.
Aramco to Secure 6.2 Million Tons of U.S. LNG via NextDecade, Sempra Deals
Saudi Aramco will sign MoUs with U.S. LNG producers NextDecade and Sempra for 6.2 million tons of LNG supply, part of its broader push into the natural gas market and U.S. energy investments.
Oando Restores Crude Pipeline Operations in Nigeria After Multiple Spills
Nigerian oil firm Oando has completed repairs on its Bayelsa state pipeline after four sabotage-related oil spills. The company shut down affected wells and plans future upgrades to reduce risk.
U.S. Carbon Capture JV Launches Backed by $500 Million Investment
BKV Corp. and Copenhagen Infrastructure Partners formed a $500 million joint venture to develop carbon capture projects in the U.S., starting with Barnett Zero and Eagle Ford.
Iran Expands Gas Network by 265 Miles in a Year
Iran added 265 miles of new gas pipelines and launched major compressor stations and infrastructure projects last year to expand its national gas transmission system and support future exports.
MPLX Acquires Whiptail Midstream’s San Juan Basin Assets for $237 Million
MPLX has acquired Whiptail Midstream’s San Juan Basin gathering systems for $237 million, expanding its oil, gas, and water infrastructure footprint in the Gallup oil play.
Italy’s Eni Supplied Russian Gas to Turkey Last Year Despite EU Shift
Italy’s Eni confirmed it delivered 6.2 billion cubic meters of Russian gas to Turkey in 2024 via the Blue Stream pipeline, despite halting Russian gas sales in Europe after the Ukraine invasion.
Egypt Secures 10-Year Floating LNG Terminal Deal with Hoegh Evi
Norway’s Hoegh Evi has signed a 10-year agreement with Egypt’s EGAS to supply a floating LNG terminal by late 2026, as Egypt faces growing gas shortages and seeks to boost LNG import capacity.
U.S. House Bill Seeks $1.5 Billion to Refill Strategic Petroleum Reserve
A U.S. House budget bill proposes over $1.5 billion to replenish and maintain the Strategic Petroleum Reserve and cancels a planned oil sale, aiming to rebuild the emergency crude stockpile.
Norway’s Statkraft Halts New Green Hydrogen Developments on Cost, Market Concerns
Norway's Statkraft has stopped developing new green hydrogen projects, citing rising costs, market uncertainty, and lack of regulatory clarity. The utility reported a Q1 earnings drop due to lower power prices.
Exxon to Supply Marubeni with Low-Carbon Ammonia from Baytown Hydrogen Project
Exxon Mobil signed its first customer agreement for its planned Baytown hydrogen facility, agreeing to supply Marubeni with 250,000 metric tons of low-carbon ammonia annually. The deal is contingent on a final investment decision expected in 2025.
China’s April Crude Imports Rise 7.5% on Iran, Russia Supply Surge
China imported 11.69 million bpd of crude oil in April, up 7.5% year-over-year, led by strong deliveries from Iran and Russia. Stockpiling during refinery maintenance and discounted sanctioned barrels supported the increase.
Democratic States Sue to Block Trump’s National 'Energy Emergency'
Fifteen Democratic state attorneys general have sued to block President Trump’s national energy emergency order, arguing it unlawfully bypasses environmental reviews to fast-track energy project permits.
U.S. Oilfield Giants Brace for Tough Times as Price Slide Rattles Producers
Top U.S. oilfield firms SLB, Halliburton, and Baker Hughes brace for a downturn as falling oil prices force producers to cut drilling budgets and scale back activity, particularly in North America.
U.S. Regulators Recommend Approval for Venture Global’s CP2 LNG Project
Venture Global’s proposed CP2 LNG project in Louisiana received a favorable final environmental review from U.S. regulators, paving the way for potential approval of what could become the largest LNG export facility in the country.
Spain’s U.S. LNG Imports Double, Replace Russian Supply
Spain's LNG imports from the U.S. surged to 35% of total gas supply in the first four months of 2025, overtaking Algeria and replacing Russian gas, according to Enagas data.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
