Oil & Gas News (OGN)

Tag: US

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....

Energy, Oil & Gas

Largest US wind project SunZia goes live after 20 years

Sun, 21 Jun 2026

The $11bn SunZia wind farm and transmission line in New Mexico is now fully operational after nearly 20 years of development. The 3,650 MW project will power around 1 million homes across Arizona and California....

Energy, Oil & Gas

Crude down after MoU allows Iran to export oil

Thu, 18 Jun 2026

Oil prices declined further on Thursday, following the release of the text of the interim agreement signed by the US and Iran....

Energy, Oil & Gas

Interim deal 'will allow Iran to export oil immediately'

Wed, 17 Jun 2026

The interim agreement between the US and Iran aimed at ending the Middle East conflict is expected to pave the way for Iran to resume oil exports immediately, according to US officials....

Energy, Oil & Gas

Intech wins turnkey E-House contract for US pipeline project

Mon, 15 Jun 2026

Intech has expanded its electrical solutions presence in the US energy sector with the award of a turnkey PDC and RTU Building E-House package for a major natural gas pipeline infrastructure project in Louisiana....

Energy, Oil & Gas

Panasonic to launch US battery production for AI data centres by 2028

Sun, 14 Jun 2026

Panasonic Holdings plans to begin mass production of battery cells for data centre applications in the United States by fiscal 2028, positioning itself to benefit from rapidly rising demand driven by artificial intelligence infrastructure expansion....

Energy, Oil & Gas

US invests $134m to strengthen rare earth supply chains

Sun, 07 Jun 2026

The US Department of Energy’s (DOE) Office of Critical Minerals and Energy Innovation announced $134 million for two projects that will strengthen domestic supply chains for rare earth elements (REEs)....

Energy, Oil & Gas

EU LNG imports fall, but reliance on US gas grows

Sun, 07 Jun 2026

European Union (EU) imports of liquefied natural gas (LNG) continued to decline in recent months, falling by 1.2 per cent between March and May 2026, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA)....

Energy, Oil & Gas

Oil prices surge 2% over fading hopes for peace deal

Mon, 01 Jun 2026

Oil prices climbed more than 2% on Monday as investors reassessed expectations for a breakthrough in US-Iran negotiations, with renewed regional tensions highlighting the fragility of efforts to secure a broader peace agreement and restore stability to Middle East energy supplies. ...

Energy, Oil & Gas

US targets Iran's energy lifeline with fresh sanctions

Sat, 30 May 2026

The United States has announced new sanctions on Iranian oil and petrochemical networks, the latest move in its 'maximum pressure' strategy to curb the country's key sources of income and limit funding for its military operations, said a report....

Energy, Oil & Gas

STATS Group expands US footprint with new Texas manufacturing facility

Sun, 24 May 2026

STATS Group has announced a major expansion of its North American operations with the opening of a new 80,000 sq. ft manufacturing facility in Rosenberg, Texas — its first dedicated production site in the US and the largest capital investment in the company’s history....

Energy, Oil & Gas

Mubadala, Kimmeridge, CPP seal $9.7bn US gas plant investment deal

Fri, 15 May 2026

Abu Dhabi-based Mubadala Energy has announced that it has made a final investment decision with Kimmeridge and Canada Pension Plan (CPP) for its Commonwealth LNG project that includes successful closing of $9.75 billion in project financing for construction of the 9.5 Mtpa gas export facility in Louisiana, US. ...

Energy, Oil & Gas

Europe to source two-thirds of its LNG imports from US in 2026

Wed, 13 May 2026

Europe is increasing reliance on US LNG, projected to supply two-thirds of imports in 2026, potentially becoming the EU’s main and costliest gas source amid shifting global supply, according to Institute for Energy Economics and Financial Analysis (IEEFA)....

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