MWG Enterprises, Patel Family Office, and PWS have together launched MERA Oil, a US-Saudi private consortium, and entered the final stage of selecting a host for their planned US$5 billion integrated refinery and energy export corridor.
Peter Davidson, CEO of the Tank Storage Association (TSA), joins us to discuss the essential role that the tank storage sector has to play in ensuring supply security and resilience, as well as in facilitating the energy transition.
L&T Energy Hydrocarbon Onshore business has secured a major engineering, procurement, and construction order from Kuwait Oil Co. for its key Jurassic Light Oil export facilities and the upgrade of existing export network.
TotalEnergies (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024.
Baker Hughes has announced a major order from Venture Global LNG to provide a comprehensive liquefaction solution for its CP2 LNG expansion project in Louisiana, US.
Energia Costa Azul, the second LNG export facility in Mexico, shipped its initial cargo from Phase 1 of the terminal on 8 July 2026, according to the project developer, the US EIA has reported.
Recent Wood Mackenzie analysis warns that European gas storage is at a historically low level and combined with renewed Strait of Hormuz disruption, has driven spot prices more than 50% above their June lows and placed winter 2026/27 supply security at risk.
The Eastern Mediterranean Petrochemical Industrial Zone and Port, developed by Rönesans Holding in Ceyhan, Adana, Türkiye, has entered a new phase of development driven by new investments, ongoing infrastructure works, and growing international investor interest.
For the week ending 17 July 2026, commercial crude oil inventories (excluding the Strategic Petroleum Reserve) increased 2.0 million barrels to 411.7 million barrels, 6% below the previous five-year (2021 - 2025) average, the US EIA has reported.
Emerson has announced a new flameproof model for the Rosemount™ 965 Flame Detector, adding hazardous-location certification for applications where reliable hydrocarbon flame detection is required.
AB KN Energies has announced an additional invitation to submit requests for the allocation of 2027 Klaipeda LNG terminal capacities, Lithuania.