Hedge funds Nut Tree Capital Management and Caspian Capital are making an offer for Martin Midstream Partners, a letter seen by Reuters showed, aiming to scupper a bid from the fuels storage and transporter's largest shareholder to buy it out.
The U.S. Energy Department said on Wednesday it is offering to buy up to 4.5 million barrels of oil to help replenish the Strategic Petroleum Reserve, though oil prices are now higher than the target price it wants to make such purchases.
Enbridge faces mandated pipeline repairs under a proposed consent decree modification for Clean Water Act and Oil Pollution Act violations. The Department of Justice's plan requires addressing circumferential cracks, revising assessments, and potentially terminating specific requirements early.
Switzerland-based energy trader MET Group has struck a 10-year deal for Shell to supply it with liquefied natural gas from the U.S. on a free-on-board basis, it said on Tuesday.
Montana's top court is set to hear the state's appeal of a landmark ruling holding that it was violating the rights of young people to a clean and healthful environment by barring regulators from considering the impacts on climate change when approving fossil fuel projects.
Bulgarian state gas company Bulgargaz EAD has started arbitration proceedings against Russia's Gazprom Eksport OOO, seeking compensation of $432.76 million for breach of contract in 2022, the company said on Tuesday.
FERC has upheld an earlier decision to allow liquefied natural gas developer Tellurian a three-year extension to construct its Driftwood LNG plant on the west bank of the Calcasieu river, near Lake Charles, Louisiana.
Formerly a partner at Baker Botts, Boudreaux brings over 20 years of experience specializing in federal and state regulation of petroleum liquids and natural gas pipelines.
A fire broke out late Saturday after an accident at a gas pipeline near the village of Vinogradnoye in Moscow-annexed Crimea, cutting gas to the resort town of Alushta and more than a dozen settlements, Russian officials said.
The U.S. Coast Guard warned of possible Texas port closures from Corpus Christi to Houston because of Hurricane Beryl, which is expected to make landfall by Monday morning south of Port Lavaca.
In today’s rapidly evolving energy landscape, oil and gas operators face increasing scrutiny and responsibility to align their practices with stringent environmental regulations. One of their most demanding, ongoing environmental challenges is efficient management of flaring operations.
Tropical Storm Beryl is expected to have little impact on U.S. offshore oil and gas production, energy companies said on Friday while evacuating personnel from some facilities out of caution.
Australia's east coast could face gas shortages from 2027, a year earlier than initially forecast, the country's competition regulator said on Friday, as it called for an urgent need to develop new sources of production and supply.
In a recent ruling by a Louisiana district court, Williams Companies Inc. has been granted permission to build a natural gas pipeline intersecting Energy Transfer LP’s conduit.
The U.S. Senate budget committee on Thursday launched a probe of domestic oil producers about any efforts to illegally coordinate oil prices with OPEC, in the latest effort by Democratic lawmakers to pressure energy companies.
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