Prediction market traders think gas prices will hit new highs for the year
It comes after oil prices have marched higher in recent weeks, above $100 per barrel, as tensions between the U.S. and Iran have escalated again.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Saipem wins $350 million subsea contract for Azule Energy offshore Angola
Saipem has won a $350 million contract from Azule Energy to install 62 km of subsea infrastructure tied to the Agogo FPSO in water depths reaching 1,750 meters offshore Angola.
Read MessageVenezuela Crude Exports Hit 1.15 Million Bpd
Venezuela crude exports hit around 1.15 million barrels per day back in April, Wood Mackenzie revealed.
Read MessageNaftogaz Partners with Canadian LNG Project for European Supply
Ukraine's state-owned Naftogaz and Kino Aski LNG signed a memorandum of understanding for potential long-term supply of liquefied natural gas to Europe from the proposed Canadian project.
Read MessageVenezuela to Join G20 Energy Summit
Venezuela is deploying officials to a Group of 20 summit of energy chiefs in Texas this week.
Read MessagePETRONAS signs five-year LNG supply deal with Greece’s METLEN
PETRONAS will supply Greece’s METLEN with six LNG cargoes annually under a five-year agreement beginning in 2027, expanding the Malaysian company's LNG presence in Europe and the Mediterranean.
Read MessageWood wins $200 million ExxonMobil PNG construction services contract
Wood has won a five-year, $200 million contract from ExxonMobil PNG covering construction services across the PNG LNG project’s gas processing, pipeline, well pad and LNG infrastructure.
Read MessageVenezuela joins G20 energy summit in Houston as U.S. seeks more oil deals
Venezuelan energy officials are heading to the G20 energy summit in Houston as the U.S. seeks additional oil investment and deals aimed at expanding the country’s crude production.
Read MessageEIA Sees 2026 Oil Price Coming in $22 Higher Than Last Year
The U.S. Energy Information Administration revealed in its latest short term energy outlook that it sees the 2026 Brent spot price averaging $91.01 per barrel this year.
Read MessageUniper Sells OPAL Pipeline Stake to Hy24
Paris-based Hy24 expects the Germany-Czechia gas pipeline to be fully converted to transport hydrogen by 2030.
Read MessageIndia's inflation rises to 4.82% in August, marginally exceeding forecasts
India's inflation in August accelerated for the tenth month straight to 4.82% in August amid rising food and fuel prices.
Read MessageBrent Oil Passes $108 Per Barrel
Brent crude spiked to $108.49 per barrel at the Asian opening, Saxo Bank highlighted.
Read MessageSatellite images show extent of damage to Saudi Arabia’s oil pipeline that bypasses Strait of Hormuz
Saudi Arabia temporarily shut the roughly 750-mile pipeline as attacks threaten a key alternative to the Strait of Hormuz.
Read MessageTrump Demands Russian Refineries Be Spared as Diesel Surges
'Mr Zelenskyy has to do one thing: he has to stop knocking out diesel fuel in Russia', Trump said.
Read MessageTrump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record
U.S. diesel prices have surpassed $6 a gallon for the first time ever as the Ukraine and Iran wars drive broader energy supply concerns.
Read MessageBaker Hughes sees no slowdown in energy projects despite higher rates as AI buildouts stoke LNG demand
Baker Hughes has yet to see higher borrowing costs slow investment in major energy projects.
Read MessageTrump says U.S. may keep Iranian oil 'like Venezuela' as Gulf-Iran Hormuz talks stall
Trump said revenue from the Venezuela arrangement has "paid for the war many times."
Read MessageOil prices rise after Saudi Arabia shut down critical pipeline that bypasses Strait of Hormuz
Saudi Arabia has faced escalating attacks from Iran-allied militant groups in recent days.
Read MessageWright warns oil markets against expecting Iran-Hormuz breakthrough
U.S. Energy Secretary Chris Wright cautioned against expecting an Iran-Hormuz breakthrough, estimating alternative transit routes are still moving about 10 MMbpd of crude and oil products.
Read MessageVessel struck in Strait of Hormuz, UKMTO says, as prospects for U.S.-Iran diplomacy appear elusive
The latest strike happened ahead of an expected meeting between Iranian and Gulf officials in Oman to sign an agreement for shipping through the strait.
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