Oil & Gas News (OGN)

Tag: US

Energy, Oil & Gas

US, Israel preparing to bombard energy targets in Iran, says report

Sat, 01 Aug 2026

The US and Israel are planning 'one of the harshest bombing campaigns to date' against energy infrastructure targets in Iran, multiple sources told CBS News, with strikes possible throughout the weekend in a move that would mark a further escalation of regional tensions. ...

Energy, Oil & Gas

EV sales surge in key markets as energy crisis highlights fuel risks: IEA

Thu, 30 Jul 2026

Global electric car sales rebounded strongly in the second quarter of 2026, with growth in markets including Australia, Europe, South Korea and other regions offsetting weaker demand in China and the US, according to a new report from the International Energy Agency (IEA)....

Energy, Oil & Gas

US-Saudi Mera Oil advances final site selection for $5bn refinery project

Wed, 29 Jul 2026

US-Saudi consortium Mera Oil has entered the final stage of selecting a host location for its planned $5 billion integrated refinery and energy export corridor. Following three years of evaluation, three GCC sites outside the Strait of Hormuz have been shortlisted. ...

Energy, Oil & Gas

Oil prices rebound; new voluntary Hormuz fee proposed

Wed, 29 Jul 2026

Oil prices climbed sharply on Wednesday as renewed military clashes between the United States, Saudi Arabia and Iran kept traders on edge about supply disruptions, even as Oman unveiled a Gulf-backed proposal aimed at safeguarding shipping through the Strait of Hormuz....

Energy, Oil & Gas

Joint US-Saudi strikes hit Iraq militias, Iran missile attack thwarted

Wed, 29 Jul 2026

The Middle East moved closer to a broader regional confrontation on Wednesday as Iran launched a failed ballistic missile attack on US forces, while the United States and Saudi Arabia carried out joint airstrikes against Iran-backed militias in Iraq....

Energy, Oil & Gas

Saudi Arabia to launch first energy recovery device manufacturing facility outside US

Tue, 28 Jul 2026

Saudi Water Authority will launch local production of energy recovery devices in 2027, establishing the world’s first facility outside the US to manufacture the desalination technology, boosting supply security and supporting exports....

Energy, Oil & Gas

Missiles targeting Saudi oil refineries shot down, sources say

Sat, 25 Jul 2026

Air defence systems in Saudi Arabia intercepted two ballistic missiles from Yemen on Saturday targeting oil refineries in Yanbu, Greek security sources a day after US forces ‌launched fresh air strikes on Iran, said media reports. The defence system was operated by Greek military personnel. ...

Energy, Oil & Gas

US, Saudi Arabia announce historic nuclear cooperation deal

Thu, 23 Jul 2026

US Secretary of Energy Chris Wright and Saudi Minister of Energy Prince Abdulaziz bin Salman have signed a peaceful nuclear cooperation agreement, commonly known as a 123 agreement, alongside an accompanying bilateral safeguards agreement. ...

Energy, Oil & Gas

Trump approves landmark nuclear cooperation deal with Saudi Arabia

Wed, 22 Jul 2026

US President Donald Trump has approved a 30-year civilian nuclear cooperation agreement with Saudi Arabia that could eventually allow the kingdom to enrich uranium for its nuclear energy programme under a modified oversight framework, CNN reported, citing two US officials and a source familiar with the matter....

Energy, Oil & Gas

Iraq signs US energy partnerships to boost oil, power infrastructure

Sun, 19 Jul 2026

Iraq has signed energy agreements with US firms including ExxonMobil, KBR and GE Vernova to advance oil and power projects, while progressing a Mediterranean Energy Corridor pipeline initiative with a planned capacity of two million barrels per day. ...

Energy, Oil & Gas

Terra-Gen's 80 MW Lockhart Solar PV IV project begins commercial operations

Sun, 19 Jul 2026

Terra-Gen has begun commercial operations at its 80MW Lockhart Solar PV IV project in California, expanding its renewable energy portfolio and generating enough electricity to power about 40,000 homes and businesses annually under a long-term supply agreement....

Energy, Oil & Gas

US, Iraq discuss deeper economic ties, energy investment

Wed, 15 Jul 2026

The United States and Iraq discussed expanding economic co-operation and increasing US investment in the Arab nation’s energy sector during high-level talks at the White House on Wednesday, as the two countries sought to deepen their strategic partnership. ...

Energy, Oil & Gas

Oil prices surge as US-Iran strikes intensify, raising fears over Hormuz shipping

Mon, 13 Jul 2026

Oil prices jumped sharply at the start of Asian trading on Monday after the United States launched a second consecutive night of strikes on Iranian military targets and Tehran retaliated with fresh attacks, heightening fears of disruption to crude shipments through the Strait of Hormuz, the world's most important oil transit chokepoint....

Energy, Oil & Gas

Oil settles lower as Hormuz shipping hopes ease supply fears

Sat, 11 Jul 2026

Oil prices settled lower on Friday after the latest round of US-Iran fighting as traders grew hopeful that shipping would eventually resume in the Strait of Hormuz, but prices finished with sharp weekly gains. Brent crude futures fell by 29 cents to close at $76.01 a barrel. ...

Energy, Oil & Gas

Yokogawa named main automation contractor for $13bn Commonwealth LNG project

Wed, 08 Jul 2026

Yokogawa Corporation of America has been selected as Main Automation Contractor (MAC) for the Commonwealth LNG project in Louisiana, US, strengthening its role in one of the country’s major LNG developments....

Energy, Oil & Gas

IEA forecasts 0.5pc drop in global natural gas demand in 2026

Wed, 08 Jul 2026

The International Energy Agency (IEA) forecasts global natural gas demand will fall 0.5 per cent in 2026 as Middle East conflict-driven supply disruptions, higher prices and reduced LNG flows through the Strait of Hormuz weigh on consumption. ...

Energy, Oil & Gas

LNG trade hits record 436.98m tonnes in 2025

Tue, 07 Jul 2026

Global liquefied natural gas (LNG) trade reached a record 436.98 million tonnes in 2025, rising 6.3 percent and marking the fastest growth since 2022, according to the International Gas Union (IGU)....

Energy, Oil & Gas

Valvitalia secures $30m valve contract for major US pipeline project

Mon, 06 Jul 2026

Valvitalia Group has secured a contract worth approximately $30 million to supply valves for the Desert Southwest pipeline, one of the largest energy infrastructure projects currently under development in the southwestern US....

Energy, Oil & Gas

Chevron signs 20-year power deal with Microsoft

Wed, 24 Jun 2026

Chevron and Microsoft have agreed to develop a 2.67 GW natural gas-powered facility in West Texas to supply a Microsoft data centre. Project Kilby aims to become one of the largest co-located power and data centre projects in the US....

Energy, Oil & Gas

US eases Iran oil sanctions as nuclear inspection dispute clouds peace talks

Tue, 23 Jun 2026

The United States has granted Iran a 60-day sanctions waiver allowing Tehran to sell oil in US dollars for the first time in decades, marking a significant breakthrough in efforts to secure a lasting peace agreement following the recent conflict in the Middle East....

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