The U.S. House of Representatives has passed bipartisan legislation designed to improve access to Transportation Worker Identification Credential (TWIC) cards, a move the National Ocean Industries Association (NOIA) says could help address workforce needs in the maritime and offshore energy industries. H.R. 5109, known as the TWIC Efficiency (TWICE) Act, passed the House by […]
U.S. Steel has received the final air permit needed to advance construction of a $475 million quench-and-tempering facility in Alabama designed to expand tubular capacity for major U.S. oil and gas basins. The new facility at U.S. Steel’s Fairfield Tubular Operations will add in-house capacity for heat-treated tubular products used in oil and gas […]
Venezuela is deploying officials to a Group of 20 summit of energy chiefs in Texas this week, underscoring the rapid rapprochement between Washington and Caracas. The Venezuelan authorities are attending the G20 energy ministerial that started Monday in Houston at the invitation of the Trump administration, according to a White House official who asked […]
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.