Chevron plans $7B Venezuela investment over five years
Chevron, the only U.S. oil company that has a major presence in Venezuela, said Wednesday that it has been assigned additional acreage in the...
CITGO announces $310M naphtha upgrade at Lake Charles refinery
CITGO Petroleum Corp. has announced a $310 million investment to upgrade its Lake Charles refinery, reports Energy News. Dubbed the Depentanizer Project, the initiative...
RWE’s offshore wind settlement complicated by $900M investment in Louisiana LNG
The Trump administration's $1.22 billion settlement with German energy company RWE requiring it to give up offshore wind leases in Louisiana and other states...
Federal court greenlights FERC approval of CP2 LNG terminal and pipeline in Cameron Parish
A federal appeals court upheld FERC’s approval of Venture Global’s CP2 LNG terminal and pipeline in Cameron Parish, ruling the agency adequately considered environmental...
Louisiana LNG project taking shape as Woodside pushes toward 2029 startup
Australia’s energy giant Woodside is moving its $17.5 billion LNG development project in Calcasieu Parish closer to a 2029 first cargo date with a...
SpaceX turns increasingly to natural gas to provide AI power needs
SpaceX is turning more to natural gas to meet its demands for AI operations energy, The Wall Street Journal reports. This marks a significant shift...
SPR falls below 300 million barrels for the first time in decades
The U.S. Strategic Petroleum Reserve, stored in underground salt caverns along the Louisiana and Texas Gulf Coast, has fallen below 300 million barrels for...
Oil tankers continue moving crude though Strait of Hormuz despite risks
Despite ongoing attacks in the Strait of Hormuz, oil tankers are continuing to move crude through the waterway, with some conducting ship-to-ship transfers and...
Thibodaux company transforming discarded drilling risers into innovative construction aggregate
Thibodaux's Four Aces Logistics, a subsidiary of Onshore Companies of Louisiana, is transforming discarded offshore oilfield drilling risers into an environmentally responsible, cost-effective construction...
Global oil supply crunch leads to surge in Exxon, Chevron earnings
Exxon and Chevron have profited significantly from impeded oil shipments during the fighting between Iran and the U.S., reports The Associated Press. The conflict,...
