Texas Petroleum Theft Task Force Holds Meeting
The Texas Railroad Commission’s petroleum theft task force (STOPTheft) convened its second quarterly meeting in Midland on April 2, focusing on expanding its investigative scope beyond crude to include stolen trucks, tools, and copper. The group, created under Senate Bill 494, aims to deliver its first comprehensive report to the Legislature by December, outlining theft’s economic impact and recommending coordination improvements. More than 40% of oil and gas operators reported theft losses in the past year, a trend linked to organized crime and foreign syndicates. The task force’s findings will inform budget allocations ahead of the 90th Legislative Session in 2027.
Construction Begins for Transco Gas Pipeline Expansion
Williams Companies broke ground on the Northeast Supply Enhancement (NESE) project, expanding the Transco natural‑gas pipeline by 400,000 dekatherms per day. The 10,000‑mile system, which already moves 19.5 million dekatherms daily, will serve roughly 2.3 million homes in New York, New Jersey and Pennsylvania...
Demand for Colombia LNG Shipments Set to Surge
Colombia’s power sector is gearing up for a sharp increase in LNG imports as an El Niño‑driven dry season threatens its hydropower‑dependent grid. Imports, currently 210 million cubic feet per day, are expected to climb to the SPEC terminal’s full 475 mcf/d capacity...
Uniper Breaks Ground for 50MW Battery Energy Storage in Wilhelmshaven
Uniper and Slovenia’s NGEN have broken ground on a 50‑MW battery energy storage system at the former coal‑plant site in Wilhelmshaven, Germany. The project, part of Uniper’s Energy Transformation Hub Nordwest, aims to smooth short‑term grid fluctuations from wind and...
North America Loses Rigs For 7 Straight Weeks
Baker Hughes reported that North America’s weekly rig count fell by 10 units, bringing the total to 680 rigs – 545 in the United States and 135 in Canada. The U.S. rig mix includes 411 oil rigs, 127 gas rigs...
Eni Completes Acea Acquisitions
Eni’s renewables arm Plenitude completed the purchase of Acea Energia and a 50% stake in Umbria Energy, adding roughly 1.2 million electricity and gas customers and bringing its total retail base to over 11 million. The transaction was priced at €500 million (≈$590 million)...
EU Plans Temporary Market Measures to Address Iran War Impact
The European Commission is consulting EU members on a draft State Aid Temporary Crisis Framework that would relax state‑aid limits to offset soaring energy costs caused by the Iran‑related war. The proposal would let governments subsidise fuel, fertilizer and electricity...
Oman Offers 5 Oil and Gas Leases
Oman's Energy and Minerals Ministry announced the opening of bidding for five new oil and gas concession areas, covering more than 53,000 square kilometres across the Greater Barik, Sharqiyah Sands Basin, and Eastern Flank provinces. The blocks—12, 16, 42, 45,...
Petrofac Completes Business Sale to CBI
Petrofac Ltd completed the sale of its Asset Solutions business to CB&I, a Texas‑based engineering firm owned by a Mason Capital‑led investor group. The transaction, structured on a debt‑free, cash‑free basis, safeguards roughly 3,000 jobs and provides CB&I with a...
Tanker with Russian Flag Transits Hormuz
A Russian‑flagged VLCC named Arhimeda transited the Strait of Hormuz, one of only four tankers flying Moscow’s colors. The supertanker, built in 2000, headed westward toward Iran’s Kharg Island before listing “for orders,” indicating no fixed next call. Its recent...
China's LNG Demand Won't Bounce Back
China’s LNG imports dropped 11% last year to 68.4 million tons, marking the first decline in nearly two decades. BloombergNEF now forecasts a further fall to 62.3 million tons in 2026, while Rystad sees a modest rebound to 70 million tons. The downturn...
Exxon Lost 6 Pct of Its Global Output
Exxon Mobil reported a 6% drop in global production for Q1 after Iranian missile strikes damaged two LNG trains at its Qatar complex, a key asset in the Persian Gulf that normally supplies about 20% of its output. The outage...
ADNOC Assures Customer Supply Despite Habshan Pause
ADNOC Gas confirmed a fatality and several injuries after falling debris struck its Habshan natural‑gas processing complex, following an Iranian attack intercepted by UAE air defenses. The company assured customers that supply remains uninterrupted through its other facilities. Shareholders approved...
India Back to Buying Venezuelan Crude
India is set to import over 12 million barrels of Venezuelan crude this month, the highest volume since February 2020, as it seeks to replace Middle‑East supplies disrupted by the Iran war. The cargoes, mainly the sulfur‑rich Merey blend, were secured before...
Baker Hughes, Naftogaz to Explore Energy Cooperation
Ukraine’s state‑owned Naftogaz and U.S. energy‑technology firm Baker Hughes have signed a memorandum of understanding to explore joint projects across the entire energy value chain, from upstream exploration to power generation. The agreement emphasizes improving gas turbine and compressor efficiency,...
