Oneok has launched an open season for its proposed 200,000-barrel-per-day...
Oneok has launched an open season for its proposed 200,000-barrel-per-day Sun Belt Connector from El Paso, Texas, to Phoenix, while Kinder Morgan is weighing a smaller expansion of its SFPP East Line to Tucson, Ariz. The expansions aim to shore up Arizona's fuel supplies ahead of the closure of two California refineries that provide much of the state's fuel. To help offset the shortfall, refiners in Washington state plan to ramp up production of Carb gasoline.
WaterBridge valued at $2.6B after strong NYSE debut
Oilfield water management company WaterBridge Infrastructure has netted...
Oilfield water management company WaterBridge Infrastructure has netted $634 million in an outsized initial public offering of 31.7 million shares listed on the New York Stock Exchange and NYSE Texas. The company's market cap was set at about $2.3 billion at pricing and climbed to roughly $2.6 billion after its shares gained 14% on debut, reflecting renewed investor appetite for energy IPOs.
Faster permitting not enough to ease gas project bottlenecks
At the Energy Bar Association's recent 2025 Energy Forum, natural gas...
At the Energy Bar Association's recent 2025 Energy Forum, natural gas executives said midstream project schedules remain strained by supply chain bottlenecks and legal challenges, even as federal permitting timelines improve. They urged Congress to lock in reforms that would shield projects from lengthy litigation and regulatory swings. Analysts project US gas demand will surge to 143 Bcf/d in 2031, a pace that executives warned current infrastructure cannot match.
The projected cost of building a U.S. LNG tanker may be an obstacle to the federal government’s attempt to revive the country’s shipbuilding industry, an LNG market analyst said Sept. 17.
A U.S.-made LNG tanker would potentially cost more than twice or even three times the price for the same vessel made in Korea or China, Senior LNG Analyst Sergio Chapa noted in a Poten & Partners webinar discussing shipping markets.
The current cost of a Korean-made vessel is about $250 million. Speakers at the recent GasTech event in Milan, Italy, estimated a completely U.S.-built LNG tanker would carry an $800 million price tag.
The estimate is in line with other analysts’ assessments. Allen Brooks, senior fellow at the National Center for Energy Analytics, wrote in July that industry specialists have put the price as high as $1 billion for a U.S.-made vessel.
Nvidia is investing $5 billion in rival Intel. A month...
Nvidia is investing $5 billion in rival Intel. A month after the Trump administration took a 10% stake in the struggling chipmaker, Nvidia—the largest company in the world by market cap—is pushing its chips in, too. With the investment, Nvidia and Intel will jointly develop chips for data centers and personal computers, giving Intel another boost for its turnaround plan while allowing Nvidia to move deeper into the PC market. The companies have reportedly been discussing a deal since last year, before the Trump administration bought a stake in Intel. Nvidia’s cash infusion increases the value of the government’s stake by nearly $5 billion to $14 billion. The news powered Intel’s stock to its best day yesterday since 1987.
Tesla is redesigning its door handles following reports that some models were trapping passengers inside their cars.
President Trump said Russian leader Vladimir Putin has “really let me down” as the US tries to barter a ceasefire between Russia and Ukraine.
Toyota and Hyundai are recalling more than 1.1 million cars over issues with seat belts and panel displays.
OpenAI reportedly fixed a security flaw that would have allowed hackers to access users’ Gmail data.
Olive Garden is testing smaller portions for some entrées at lower prices in an effort to boost sales, as Americans cut back on dining out.
