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ExxonMobil Clears Restrictions, Ending FTC Ban on Former Pioneer CEO
The U.S. Federal Trade Commission (FTC) today voted 3-0 to reopen and set aside the final consent order regarding ExxonMobil’s acquisition of Pioneer Natural...
Exxon faces FTC order reopening on Pioneer deal, signaling tougher oversight
The Federal Trade Commission (FTC) reopened and set aside the final consent order regarding Exxon Mobil’s $64.5 billion acquisition of Pioneer Natural...
NextEra and Dominion Merge to Create World’s Largest Electric Utility
NextEra Energy and Dominion Energy have signed a definitive agreement to merge in an all-stock transaction. The deal creates the world's largest regulated...
Oil Prices Spike Past $111, Following Drone Attacks on UAE and Saudi
Global oil prices surged on Monday, May 18, following weekend drone attacks in the UAE and Saudi Arabia. One strike caused a fire at a generator outside the...
UAE speeds Fujairah pipeline to bypass Hormuz, following Barakah plant strikes
The United Arab Emirates accelerated plans for a second major crude oil pipeline to Fujairah on May 18, 2026. This project creates a reliable alternative to...
Oil Surges Past $111, Following UAE Nuclear Site Drone Strike
Crude oil prices climbed sharply on Monday following a weekend drone strike near a UAE nuclear facility. The attack fueled concerns regarding global supply...
NextEra Energy merges with Dominion, creating world's largest utility
NextEra Energy and Dominion Energy signed a definitive agreement to merge in an all-stock transaction. The deal creates the world’s largest regulated electric...
UAE Condemns Barakah Nuclear Plant Attack as Oil Surges Past $110
The United Arab Emirates formally condemned a drone strike on the Barakah nuclear power plant perimeter on Monday, May 18. Officials labeled the incident an...
Santos hits first oil at Pikka, targeting 80,000 barrels per day
Santos and partner Repsol have achieved first oil at the Pikka Phase 1 development on Alaska’s North Slope. This project represents one of the largest new oil...
Brent Hits $111, as Strait of Hormuz Closure Drains Global Reserves
Brent crude oil reached $111 per barrel on Monday. WTI crude surpassed $107 during the same session. The continued closure of the Strait of Hormuz drove the...
ExxonMobil Golden Pass LNG hosts Energy Secretary, highlighting strategic export growth
U.S. Secretary of Energy Chris Wright visited the Golden Pass LNG export facility in Texas on May 17. QatarEnergy owns 70% of the joint venture, while...
NextEra and Dominion Discuss Merger, Driven by AI Energy Needs
NextEra Energy (NYSE:NEE) is reportedly in merger talks with Dominion Energy to combine two of the largest U.S. utility companies. The potential deal would...
UAE Quits OPEC, Seeking Full Control Over Oil Production
UAE Energy Minister Suhail Al Mazrouei confirmed the nation’s withdrawal from OPEC and OPEC+ as a sovereign strategic choice. He stated the decision followed a...
WTI Crude hits $104, as Hormuz closure sparks global supply crisis
WTI crude oil futures rose over 3% on May 15. Prices exceeded $104 per barrel as the Strait of Hormuz remained effectively closed. A high-stakes summit between...
WTI Crude Surges Above $104, Driven by Strait of Hormuz Closure
WTI crude oil futures rose over 3% on May 15. Prices exceeded $104 per barrel as the commodity headed for a significant weekly gain. The Strait of Hormuz...
Caturus Greenlights $13 Billion Louisiana LNG Project After Securing Major Financing
Caturus LLC reached a positive Final Investment Decision (FID) for its Commonwealth LNG export facility in Cameron Parish, Louisiana. The company secured $9.75...
ADNOC to double oil bypass capacity, securing exports against Hormuz risks
The United Arab Emirates will double its crude oil export capacity that bypasses the Strait of Hormuz. State-owned Abu Dhabi National Oil Co. (ADNOC) is...
Trump and Xi Vow to Keep Hormuz Open, Boosting Oil Prices
U.S. President Donald Trump and Chinese President Xi Jinping concluded a two-day summit in Beijing by declaring the Strait of Hormuz must remain open. This...
OPEC+ pursues oil production hikes, targeting full supply restoration by 2026
OPEC+ will continue gradually increasing oil production quotas to restore 1.65 million barrels per day of output by September 2026. Saudi Arabia and Russia...
Abu Dhabi Fund Backs $13B Kimmeridge LNG Project Amid Global Supply Risks
An Abu Dhabi sovereign wealth fund committed to a significant investment in Kimmeridge Energy Management’s $13 billion LNG export terminal. The Commonwealth...