Woodside Energy has completed its sell-down of a 40% interest in Louisiana LNG to global investment firm Stonepeak. Under the transaction, Stonepeak will provide $5.7 billion towards the capital expenditure for the development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026.
The Chevron-operated Leviathan field was ordered to shut on June 13 as a precautionary measure following Israel’s attacks on Iran and Tehran’s subsequent retaliation. The Israeli Energy Ministry also ordered the reopening of the smaller Energean Plc-operated Karish field, which supplies the domestic market.
The Egyptian Natural Gas Holding Company (EGAS) has awarded six offshore and onshore exploration blocks in a bid to attract new investments and ramp up hydrocarbons production, Egypt’s Ministry of Petroleum and Mineral Resources announced on Wednesday.
Rising tariffs have introduced uncertainty about the global economy and, in turn, global oil demand. Additionally, OPEC supply increases have pressured prices and free cash flow. With a larger share of that cash flow earmarked for shareholder distributions and debt service, the trade-off gets trickier when prices fall: Cut capital expenditures and risk future volume declines, or sacrifice dividends and turn off investors.
Patil (2014) describes these differences between generations from a sociological perspective, where the gap is due to rapid modernization and expansion of education via the Internet, which causes many older persons to suffer from a “cultural lag” in knowledge of various aspects of today’s lifestyle. This phenomenon coupled with older ones not being able to carry out the traditional function of guidance and knowledge transfer to younger ones can lead to heated discussions between these generations on political and social issues (Patil 2014).
F. Gregory Gause, professor emeritus of international affairs at Texas A&M University’s Bush School of Government and Public Service, doesn’t believe Iran has the naval capability to close the Strait of Hormuz. If oil tankers begin avoiding the Strait, which 20% of the world’s oil and natural gas travels through, prices could rise, benefiting Texas producers.
Senate Majority Leader John Thune downplayed the setback, calling it part of the “process.” But Democrats, led by Senator Jeff Merkley, are sharpening their knives: “Democrats will not stand idly by while Republicans attempt to circumvent the rules of reconciliation in order to sell off public lands to fund tax breaks for billionaires.”
Appointed by President John Mahama in consultation with the Council of State, the board is expected to deliver on several key priorities: operational revitalisation, accelerated green transition, human capital development, and strengthened public engagement.
Under the agreement, Cactus will build on its current use of SLB’s Precise™ automated drilling control systems by integrating DrillSync™, SLB’s automated controls platform and software suite. These technologies will work together to improve drilling efficiency, increase equipment utilization and provide real-time data insights for better execution.
The COD follows the achievement of first gas in January 2025, first LNG in February and the lifting of the project’s first LNG cargo in April. Two more cargoes were exported in May and June, and a fourth is currently loading, according to a separate announcement by GTA project partner Kosmos Energy. A fifth cargo is expected to load in Q3 2025.