Downstream
U.S. Refining Margins Send Industry Profits Soaring
U.S. refining margins helped Marathon Petroleum, Valero and Phillips 66 generate US$12.6 billion in combined profits during the second quarter of 2026.
Latest Oil and Gas News
Midstream
Iraqi Crude Outside Hormuz: TotalEnergies Opens New Trade Route
Iraqi crude outside Hormuz is reshaping oil trade as Totsa offers Basrah Medium at a premium of nearly US$10 per barrel amid maritime risks.
Midstream
TDI-Brooks will conduct studies for the Delfin LNG project in Louisiana
TDI-Brooks will conduct geophysical and geotechnical studies to support the development of the Delfin LNG offshore project off the coast of Louisiana.
Oil and Gas
Jackdaw Project moves towards crucial United Kingdom decision
The Jackdaw Project awaits OPRED review before a ministerial decision on North Sea gas development.
Oil and Gas
US natural gas futures rise on increased LNG flows
US natural gas is advancing as increased flows to LNG plants continue, while high supply limits price increases.
Oil and Gas
Pikka First Cargo Carries 450,000 Barrels from Alaska
Pikka first cargo carries 450,000 barrels of crude from Alaska as Santos and Repsol advance Phase 1 toward its 80,000 bpd production target.
Oil and Gas
ADNOC Gas will invest $13.2 billion in its RGD gas project
ADNOC Gas expands its RGD program with new investments to increase natural gas processing at Habshan and Ruwais.
Oil and Gas
Aker BP Dry Well Marks Exploration Near Solveig
An Aker BP dry well marks the latest exploration near Solveig. Well 15/6-17 was drilled with Scarabeo 8 in the Norwegian North Sea.
Midstream
Rich Gas Development Reaches $13.2 Billion with ADNOC Gas
Rich Gas Development reaches $13.2 billion after ADNOC Gas approves new phases to expand gas processing and NGL recovery at Habshan and Ruwais.
Midstream
Oil Pipeline Inspection Detects Leak on Waha Oil Line
An oil pipeline inspection detected a leak on Waha Oil’s Zaqout-Sidra line in Libya, with pumping restored after the incident was brought under control.
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