Energy Market News & Updates

Energy Transfer takes FID on South Mississippi pipeline project, reports 19% earnings jump

A binding open season is under way to solicit additional customer commitments and determine final pipeline sizing and capacity. Energy Transfer expects South Mississippi to enter service in…

Diamondback shifting to full-field development of Barnett holdings

Falling costs on acreage the operator unveiled early this year means “a geologic success is now turning into meaningful value,” CEO Van’t Hof told analysts. Plans call for up to five sectio…

ADNOC’s XRG expands into Australian LNG in $1.45-billion deal with Shell

ADNOC’s international investment arm said the deal extends its LNG supply reach into Asia-Pacific.

USGS estimates 96 tcf of undiscovered natural gas resources on Alaska North Slope

The US Geological Survey estimates are nearly three times the region’s roughly 35 tcf of proven reserves.

World Crude Prices

US Crude Prices

Global refinery inputs fell sharply in the second quarter of 2026 before modest recovery

Global crude oil refinery inputs fell by 4.8 million barrels per day (b/d) in the second quarter of 2026 (2Q26), or 6%, following the start of conflict in late February in the Middle East,…

CVR Energy to acquire Midcontinent refineries from Marathon Petroleum in $4.2-billion deal

The acquisition is expected to increase CVR Energy’s crude throughput capacity to about 384,000 b/d and generate about $70 million in annual run-rate synergies.

CVR Energy to acquire Midcontinent refineries from Marathon Petroleum in $4.2-billion deal

The acquisition is expected to increase CVR Energy’s crude throughput capacity to about 384,000 b/d and generate about $70 million in annual run-rate synergies.

MARAD approves ST LNG’s deepwater port license application

ST LNG still needs to meet outstanding requirements, secure customers and financing, and reach a final investment decision; DOE has authorized FTA exports.

MARAD approves ST LNG’s deepwater port license application

ST LNG still needs to meet outstanding requirements, secure customers and financing, and reach a final investment decision; DOE has authorized FTA exports.

ADIPEC 2026: TotalEnergies to acquire operated interest in gas fields offshore Malaysia

“The development of Lang Lebah and B14 resources will allow the creation of another large-scale gas hub in Malaysia, leveraging shared infrastructure, to supply gas to Malaysia LNG and meet…

ADIPEC 2026: ADNOC takes FID on Ruwais Diyab unconventional gas development

Ruwais Diyab will deliver 345 MMscfd of raw gas from 2029 over a 25-year span, with the potential to reach up to 1 bscfd, ADNOC said, and will support the company's LNG export plans.

San Mateo to expand Delaware basin gas processing capacity under new producer agreements

The project adds about $25 million to San Mateo’s 2026 midstream capital budget, bringing it to $170-190 million, while total processing capacity is expected to exceed 1.3 bcfd.

San Mateo to expand Delaware basin gas processing capacity under new producer agreements

The project adds about $25 million to San Mateo’s 2026 midstream capital budget, bringing it to $170-190 million, while total processing capacity is expected to exceed 1.3 bcfd.

Oil moves higher just before midterms

There is only 1 trading day remaining before the US midterm elections and the Trump administration has pledged to resume the war on Iran shortly thereafter. That is only adding more risk pr…

Petrodata Rig Count

Chevron preps for big 2027 exploration capex ramp

Vice-chairman Mark Nelson told analysts the operator is targeting about 20 wells annually because its opportunity set around the world is “the largest and highest-quality I have seen in yea…

ExxonMobil third-quarter profit doubles as refining margins surge

The increase was driven largely by the operator's Energy Products business, which benefited from elevated refining margins amid disruptions to global fuel supplies linked to the Middle…

TotalEnergies farms out partial interest in block offshore Nigeria ahead of appraisal

The farmout "paves the way for a quick appraisal campaign and subsequent development of Egina South in the success case,” said Mike Sangster, SVP Africa exploration and production, TotalEne…

The share of solar generation with co-located battery storage is increasing

Utility-scale solar developers are increasingly co-locating battery storage with new solar photovoltaic capacity. As of September 2026, over 16% of new utility-scale solar capacity added th…

Valero to acquire former LyondellBasell Houston oil refinery, restart 165,000 b/d by end-2027

In addition to light sweet crude oil processing, CEO Lane Riggs said the site could support future investment in heavy sour crude processing.

DOE data repository supports geothermal development

DOE’s Geothermal Data Repository provides open, curated data for geothermal research, operations, community pilots, play-fairway analysis, and enhanced geothermal systems.

Shell's third-quarter earnings rise on record refining margins, stronger gas results

Higher refining margins, improved realized LNG prices, and increased gas production supported the results despite continued disruptions to Middle Eastern energy supplies.