NGC has acquired the Trinidad Region Onshore Compressor from bpTT, strengthening gas compression, pipeline reliability and flows to Atlantic LNG and domestic markets.
Pipeline monitoring firm PipeSense is expanding into South America through a new partnership in Chile and Peru, marking its first international deployment of leak detection technology.
The White House is convening U.S. oil executives to discuss potential investment in Venezuela, bringing independents and private equity-backed firms into talks traditionally dominated by major producers.
Panamanian developers have filed a $4 billion lawsuit alleging AES and its partners coordinated a scheme to monopolize Panama’s LNG-to-power market.
Chevron is negotiating with U.S. officials to expand its Venezuela oil license, a move that could restore higher crude exports and reopen flows to U.S. refineries and global buyers amid ongoing sanctions.
Energy Secretary Chris Wright says the U.S. plans to control Venezuelan oil sales and revenues as part of a long-term strategy to reshape production and exports.
Canadian officials say the country’s crude will remain competitive even if Venezuelan production rebounds, citing lower risk, stable governance and infrastructure advantages.
Phillips 66 says two of its U.S. Gulf Coast refineries could process up to 100,000 bpd of Venezuelan crude if supplies become available, underscoring the region’s ability to handle heavier grades.
A potential shift in Venezuelan crude exports could redirect oil flows back toward the United States, offering relief to Gulf Coast refiners while undercutting Chinese buyers, even as longer-term production recovery remains uncertain.
U.S. sanctions are choking Venezuela’s oil exports, forcing PDVSA to rely on onshore and floating storage as residual fuel inventories climb and tanker movements stall.
Indian Oil’s first Colombian crude purchase under its Ecopetrol deal signals a shift in trade flows as sanctions and shipping disruptions curb Russia’s oil exports to India.
The U.S. imposed new sanctions on companies and tankers tied to Venezuela’s oil trade, targeting vessels accused of evading restrictions as Washington ramps up pressure on President Nicolás Maduro.
EIG has acquired a 49.87% stake in Transportadora de Gas del Perú, securing a major ownership position in the country’s core natural gas pipeline system that supplies a large share of Peru’s power generation.
Rising volumes of crude stored on tankers are emerging as a bigger threat to oil prices than geopolitical flashpoints, signaling a growing global supply imbalance that could weigh on markets into 2026.
Oil prices climbed more than 1% after President Trump ordered a blockade of sanctioned oil tankers entering and leaving Venezuela, raising uncertainty around global crude supply amid fragile demand.
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