Shell Energy North America (SENA) has agreed to acquire 169 MW of natural gas-fired generation capacity in Pennsylvania while selling its interests in RISEC Holdings LLC to Constellation Energy Generation for $715 million. SENA will acquire 100% of Hunlock Creek Generating LLC, which owns two gas-fired power facilities in Pennsylvania: a 125-MW, two-unit combined-cycle plant and a 44-MW simple-cycle peaking plant. The acquisition […]
North American Blue Energy Partners (NABEP), the U.S. government-backed producer of Venezuelan oil, plans to more than double crude production in just over two years as it expands operations in the South American country. NABEP aims to increase production to 500,000 bpd by the end of 2028 from about 200,000 bpd currently, the company said in a […]
U.S. crude oil production is on track to reach a record average of 13.8 MMbpd in 2026, driven by continued Permian basin growth and rising output from new projects in the federal Gulf of America, according to the U.S. Energy Information Administration‘s latest Short-Term Energy Outlook (STEO). The forecast would surpass the previous annual record of 13.7 […]
Ranger Energy Services has agreed to acquire STEP Energy Services’ U.S. coiled tubing assets for approximately $27.5 million, a transaction that will position Ranger as the second-largest coiled tubing provider in the Lower 48. The acquisition includes 13 full coiled tubing spreads, related equipment and inventory, along with certain property and vehicle lease obligations. STEP’s U.S. coiled […]
SLB has launched two artificial lift technologies for U.S. land operations aimed at improving equipment life and production performance in mature and challenging well environments.
The U.S. threatened economic penalties against countries that continue doing business with Iran, escalating pressure on Tehran after nearly six months of war and putting major buyers of Iranian oil under greater scrutiny.
Tanker traffic via the Strait of Hormuz remained weak over the weekend, with fewer than 20 vessels traversing the chokepoint as Iran and the United States traded threats again.
U.S. Energy Secretary Chris Wright this week said that the oil exports from the Middle East have rebounded to 15 million barrels per day (bpd) and even topped the pre-war average of 20 million bpd on Sunday.
Vessel-tracking services and commodity analysts are baffled and struggling to reconcile these numbers with their observations of tanker loadings and traffic in the region.
Iran said Tuesday that the Strait of Hormuz will remain closed unless the United States ends the war and meets Tehran’s conditions, raising the bar for a deal that would restore more oil traffic through the key waterway.
Decades of investment in U.S. oil and natural gas production, refining and infrastructure have positioned the United States to play a stabilizing role during recent global energy market disruptions, according to a new analysis released by the American Petroleum Institute (API).