Energy News Beat The number of employees in the oil and gas extraction industry has dropped by thousands since the start of the year, data on the U.S. Bureau of Labor Statistics (BLS) website shows. According to the data, which was accessed by Rigzone, the number of employees in the sector has declined from 123,100 […]
Energy News Beat The Public Utility Commission of Texas approved Entergy Texas’ proposal to build two highly efficient natural gas power plants that will provide enough reliable electricity capable of powering more than 300,000 homes and support the region’s rapid growth. Together, Legend and Lone Star power stations will add more than 1,200 megawatts of modern, affordable, around-the-clock energy to […]
Energy News Beat MILAN, Sept 11 (Reuters) – It may appear quite audacious for the world’s largest natural gas producer to demand that its biggest market stop buying from a competitor. But that’s exactly what unfolded this week at the global gas industry’s annual gathering in Milan. Speaking at the start of the Gastech conference, […]
Energy News Beat With a price tag of a total $100 billion, the Jafurah development is described as the largest unconventional gas development outside the United States. Investors in Saudi Aramco’s Jafurah natural gas project have approached a group of lenders to secure $10.3 billion in funding for the project. According to Reuters, BlackRock, via […]
Energy News Beat In a bold declaration at the Gastech conference in Milan, Italy, U.S. Secretary of the Interior Doug Burgum and Energy Secretary Chris Wright have assured European leaders that the United States is poised to double its natural gas exports within the next four to five years. This commitment comes amid heightened global […]
Energy News Beat In the world of energy markets, where headlines often scream about impending gluts and oversupply, OPEC’s latest outlook is turning heads for all the wrong reasons—at least from the perspective of those expecting a flood of cheap oil. Much like the iconic 1984 Wendy’s commercial that famously asked, “Where’s the Beef?”, we’re […]
Energy News Beat In the complex web of global energy politics, the European Union’s hesitation to slap oil-related tariffs on major Russian oil buyers like China and India is creating ripple effects far beyond trade balances. As of September 2025, this reluctance not only underscores the EU’s pragmatic approach to sanctions but also poses a […]
Energy News Beat Turkey’s Energy Minister Alparslan Bayraktar said via his social media channels that the deals were signed on Tuesday during the Gastech exhibition and conference, currently being held in Milan, Italy. Under the agreement with BP, approximately 1.6 billion cbm of LNG per year, totaling 4.8 billion cbm, will be delivered to Turkiye, […]
Energy News Beat Woodside said in a statement that the fully termed sale and purchase agreement (SPA)is for the supply of 1 million tonnes per annum (mtpa) of LNG to Malaysia from 2028 for aperiod of 15 years. This SPA follows a heads of agreement that the two firms signed in June this year. “Finalising […]
Energy News Beat Under the deal with Shell International Trading Middle East, Edison will receive around 0.7 mtpa of LNG from the US, starting in 2028 and continuing for up to 15 years, according to a statement by Edison. Edison will purchase the gas on a FOB (free on board) basis, using its own fleet […]
