Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
CERAWeek opened with a clear message: meeting global energy demand will require a balanced mix of fuels, faster permitting and continued innovation. Industry leaders, including Chevron’s Mike Wirth, emphasized supply constraints, geopolitical risks and the growing role of AI in optimizing operations.
Read MessageOn Day 1 of CERAWeek, U.S. Energy Secretary Chris Wright outlined a policy shift focused on expanding domestic production, accelerating LNG exports and deploying strategic reserves, as Washington moves to stabilize markets amid geopolitical tensions and rising global energy demand.
Read MessageSaudi Aramco Chief Executive Officer Amin Nasser has withdrawn from a major energy conference in Houston as the situation in the Middle East remains volatile.
Read MessageOil plunged as Trump delayed strikes on Iran, raising hopes of de-escalation despite conflicting signals from Tehran.
Read MessageThe China state refiner issued a notice Sunday that the price of gas will be set higher by a "meaningful" amount starting March 24.
Read MessageTotalEnergies is exiting $1 billion in U.S. offshore wind leases and redirecting capital toward LNG and oil investments, signaling a policy-driven shift in energy priorities as Washington pushes for expanded fossil fuel development.
Read MessageAccording to its March STEO, the EIA sees world petroleum and other liquid fuels production outweighing consumption by 1.87 million barrels per day in 2026.
Read MessageAt CERAWeek, ADNOC CEO Sultan Al Jaber warned that disrupting the Strait of Hormuz amounts to “economic terrorism,” as attacks on energy infrastructure and shipping lanes threaten global oil and gas flows and drive market volatility.
Read MessageCognite and NVIDIA are deploying NV-Tesseract AI models with Aker BP to enhance anomaly detection and predictive maintenance across offshore operations, enabling earlier fault detection, reduced downtime and improved asset reliability in oil and gas.
Read MessageMcDermott has achieved ISO 50001 certification for three flagship vessels, marking a step forward in offshore energy efficiency and fleet decarbonization as operators push for lower-emissions project execution.
Read MessageAker BP and Armada will deploy a modular offshore data center on the Norwegian Continental Shelf, enabling real-time AI-driven drilling analytics, improved operational resilience and reduced downtime through localized data processing and edge computing.
Read MessageOil prices plunged after President Trump signaled potential talks with Iran, though disruptions in the Strait of Hormuz continue to constrain global supply, keeping markets volatile despite hopes for a near-term de-escalation.
Read MessageAramco’s CEO has pulled out of CERAWeek as the Middle East conflict intensifies, highlighting the growing strain on oil supply, export routes and global markets tied to disruptions in the Strait of Hormuz.
Read MessageAlthough homes can have a mix of bulbs for indoor lighting, 90% of U.S. households reported using light-emitting diode (LED) bulbs, according to the most recent results of the Residential Energy Consumption Survey (RECS). Over one-third of households (37%) used LED bulbs for all indoor lighting. In contrast, 5% of households reported using incandescent or...
Read MessageThe mostly gas generation capacity will serve a 10-GW data center planned to rise at the site of a former gaseous diffusion plant in Pike County, Ohio.
Read Message'I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five day period', Trump said.
Read MessageQatarEnergy said it expects the damage to its Ras Laffan Industrial City caused by missile strikes to cost about $20 billion a year in lost revenue and to take up to five years to repair.
Read Message'Avangrid's growing portfolio is helping to meet a surge in energy demand across the country brought on by the proliferation of data centers powering the country's AI revolution'.
Read MessageMaha made the decision following the U.S. Treasury's issuance of a 'general license' for certain transactions involving Petroleos de Venezuela.
Read MessageThere's an ever-growing gap between the price of oil futures and supplies that determine costs for consumers in the real world.
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