Crude oil prices were headed for a steep weekly drop as of Friday morning, with a combination of tariff fears and OPEC+ production instilling a strong sense of bearishness in oil traders.
Under the terms of the deal, JERA will purchase the gas on a free-on-board basis at a price indexed to Henry Hub, and will pay a fixed liquefaction fee. Deliveries are scheduled to begin in 2029 and are expected to continue until 2050.
Golar LNG announced that Southern Energy S.A. (SESA) has reached a Final Investment Decision (FID) for the 20-year charter of Golar’s 3.5 mtpa MK II floating LNG (FLNG) unit. The decision follows definitive agreements signed between the parties in May 2025.
Occidental has signed four agreements to divest select Permian basin assets, generating approximately $950 million in proceeds to support continued debt reduction.
Civitas Resources announced two major updates on Aug. 6: the reinstatement of a capital return program and a leadership transition that places Board Chair Wouter van Kempen in the role of interim CEO.
ConocoPhillips has signed an agreement to sell its assets in the Anadarko basin for $1.3 billion, a move that pushes the company past its $2 billion divestiture goal ahead of schedule and reinforces its strategy to optimize its Lower 48 portfolio.
Yinson Production has completed the buy-out of the project loan tied to FPSO Atlanta from Brava Energia S.A., paying a total of approximately $257.4 million in cash, including $255.5 million in principal and $1.9 million in accrued interest.
Russia’s crude oil and condensate exports have declined slightly since 2022, but the bigger shift has come in where those barrels are going, according to new analysis released by the U.S. Energy Information Administration (EIA) on Aug. 7.
As part of the U.S.-EU trade deal agreed over the weekend, the EU committed to purchasing a mindblowing $750 billion worth of US energy products over three years ($250 per year) including LNG, oil, and nuclear fuel (again this is very big picture: neither side has detailed what was included in the energy deal – or whether it covered items such as energy services or parts for power grids and plants).
The build brings commercial stockpiles to 426.7 million barrels according to government data, which is still 6% below the five-year average for this time of year.