Subsea7 Subsea7 has landed a major engineering, procurement, construction, and installation (EPCI) contract from Aramco, covering offshore facilities in Saudi Arabia. The award falls under Subsea7’s long-term agreement (LTA) with the state-owned operator, the Oslo-listed company said. The contract scope includes approximately 106 km of infield and export pipelines, topside modification work, and associated hook-up […]
The United States’ power grid, once a marvel of 20th-century engineering, is now teetering on the edge of collapse. As demand surges from emerging technologies like artificial intelligence, data centers, and electric vehicles, an aging infrastructure struggles to keep up. Recent blackouts, escalating costs, and regulatory bottlenecks are painting a picture of a system pushed […]
In the sweltering heat of the Caribbean, tensions between the United States and Venezuela have simmered for years, fueled by oil riches, political animosity, and the shadowy world of drug trafficking. But recent events—a U.S. military strike on a suspected drug boat off Venezuela’s coast that killed 11 people on September 1—have pushed the rhetoric […]
In the high-stakes world of global markets, the U.S. stock market has been on a tear, adding a staggering $14 trillion in value since April lows, with the S&P 500 surging 32%. This rally, as highlighted in a recent Bloomberg analysis, is largely fueled by investor anticipation of Federal Reserve interest rate cuts resuming after […]
In a dramatic eleventh-hour compromise, California lawmakers have forged a deal with the oil industry aimed at bolstering domestic crude production amid looming refinery closures that threaten to drive up gasoline prices. The agreement, embedded in Senate Bill 237, streamlines environmental approvals for thousands of new oil wells in the state’s prolific Kern County while […]
Weekly Daily Standup Top Stories Oklo Commences First Phase Construction on Nuclear Fuel Recycling Facility September 5, 2025 Clark Savage In a significant step toward advancing the U.S. nuclear energy sector, Oklo Inc. (NYSE: OKLO) has announced the commencement of the first phase of construction for a cutting-edge nuclear fuel recycling facility in Oak Ridge, […] Treasury […]
Woodside welcomed the Australian government’s final decision to grant environmental approval for the NWS project extension in a statement on Friday. The Australian government has been considering a proposal to extend the operating life of the NWS gas plant in Karratha, Western Australia, beyond the expiry of its current approval in 2030, until 2070. Woodside […]
EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 34 LNG vessels is 129 Bcf. This compares to 26 LNG vessels and 108 Bcf in the week ending September 3. According to data from S&P Global Commodity Insights, average natural gas deliveries to US LNG export terminals […]
Spark’s data lead, Qasim Afghan, told LNG Prime on Friday that Spark30S (Atlantic) LNG freight rates “remained relatively steady this week $29,000 per day, whilst Spark25S (Pacific) fell a further $1,000 to $31,500 per day.” “Spark’s Atlantic freight forward curve (Spark30FFA) prices for Winter 2025 are currently assessed at an average of $29,700 per day, […]
The U.S. Energy Information Administration (EIA) revealed its latest Brent spot price forecast for 2025 and 2026 in its September short term energy outlook (STEO), which was released on September 9. According to its latest STEO, the EIA expects the Brent spot price to average $67.80 per barrel in 2025 and $51.43 per barrel in […]
