Escalating tensions involving Iran are slowing crude and LNG traffic through the Strait of Hormuz, where roughly 20% of global oil flows transit. As vessels anchor and maritime risk rises, pipeline bypass routes and inland infrastructure are drawing renewed attention.
Venture Global said quarterly core profit nearly tripled as LNG volumes from its Plaquemines project in Louisiana surged. The company also expanded long-term sales agreements and reaffirmed plans for CP2 LNG development.
Three tankers were damaged and one crew member killed as Iran’s retaliation exposed commercial vessels to growing security risks near the Strait of Hormuz. More than 200 ships anchored in Gulf waters as insurers and operators brace for escalating disruption.
Canada’s largest natural gas producer has certified 1.6 billion cubic feet per day of production and processing capacity under MiQ’s methane standard, earning a Grade ‘A’ rating as global buyers increasingly demand verified emissions data.
The U.S. Department of Energy has approved a 12% increase in LNG exports from Cheniere’s Corpus Christi terminal, authorizing an additional 0.47 billion cubic feet per day and raising total capacity to 4.45 billion cubic feet per day.
A North Dakota judge said he will finalize a $345 million damages order requiring Greenpeace entities to pay Energy Transfer over claims tied to Dakota Access pipeline protests.
Venture Global has signed a 20-year sales and purchase agreement with Korea’s Hanwha Aerospace for 1.5 MMtpy of U.S. LNG beginning in 2030, expanding its long-term contracted portfolio to more than 46 MMtpy.
Endress+Hauser is expanding U.S. manufacturing and supply chain capacity to support growing data center power, cooling and water management infrastructure, amid rising AI-driven demand.
Alberta’s 2026/27 budget forecasts average WTI crude at $60.50 while oil production rises toward 4.3 million barrels per day and heavy crude discounts widen.
Diversified Energy has agreed to acquire $245 million in low-decline East Texas natural gas assets from Sheridan Production, adding 62 million cubic feet equivalent per day and 397 billion cubic feet equivalent of reserves.
Blackstone Energy Transition Partners has completed and begun commercial operations at the 694-MW Magnolia combined-cycle gas plant in Louisiana, adding new hydrogen-capable capacity to MISO South.
TotalEnergies has signed a Letter of Intent to purchase 2 MMtpy from Glenfarne’s Alaska LNG project, advancing commercialization of the 20 MMtpy export facility and 807-mile pipeline system.
Tallgrass and Bridger Pipeline have launched a 35-day binding open season to secure shipper commitments for expanded crude oil capacity moving from the Bakken to the Seahorse Pipeline system.
Cheniere Energy more than doubled quarterly profit on strong LNG demand, raised its buyback plan above $10 billion and moved closer to completing Corpus Christi Stage 3 as U.S. exports continue climbing.
The U.S. Army Corps of Engineers has issued a final permit for Enbridge’s 41-mile Line 5 relocation in Wisconsin, allowing construction to begin on the reroute around the Bad River Reservation.
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