(World Oil) – Kazakhstan’s giant Karachaganak oil and gas field cut crude production by more than a quarter after a drone attack forced the shutdown of a processing plant in Russia that handles its gas. Karachaganak, one of Kazakhstan’s three largest hydrocarbon projects alongside Tengiz and Kashagan, accounts for about 10% of the country’s oil production. Because the field produces crude
(By Oil & Gas 360) – The reopening of the Strait of Hormuz has brought a measure of relief to global energy markets. Tankers are once again moving through the world’s most important energy corridor, crude prices have retreated from their wartime highs, and traders have become increasingly optimistic that the worst of the disruption may be over. That optimism
Natural Gas Inventories as of June 19, 2026 The EIA has released its natural gas inventory report, showing a net increase of 76 Bcf as of June 19, 2026. Working gas in storage was 2,835 Bcf as of Friday, June 19, 2026, according to EIA estimates. This represents a net increase of 76 Bcf from the previous week. Stocks were
(World Oil) – U.S. Steel has approved a $475 million investment to expand oil country tubular goods (OCTG) production capacity at its Fairfield Tubular Operations in Alabama, targeting growing demand from major U.S. oil and gas basins. The investment will fund the installation of a new quench and tempering (Q&T) line, adding internal heat-treatment capacity for tubular products and supporting the company’s strategy
(Oil & Gas 360) By Greg Barnett, MBA, Part 3 of 3 – Any transportation fuel transition ultimately converges on a single question: cost. Engineering feasibility, policy alignment, and infrastructure development all shape the pathway to adoption, but for fleet operators and commercial users, the decision is grounded in economics. The comparison between diesel, compressed natural gas (CNG), and electric
Natural Gas Inventories as of June 12, 2026 The EIA has released its natural gas inventory report, showing a net increase of 73 Bcf as of June 12, 2026. Working gas in storage was 2,759 Bcf as of Friday, June 12, 2026, according to EIA estimates. This represents a net increase of 73 Bcf from the previous week. Stocks were
(Oil & Gas 360) By Greg Barnett, MBA, Part 2 of 3- The United States has not failed to recognize the potential of natural gas as a transportation fuel. On multiple occasions, the concept has been elevated to the national stage, debated within Congress, and supported by both industry and policymakers. The most prominent example remains the effort led by
(World Oil) – Equinor has outlined plans to increase production to 2.3 MMboed by 2030, supported by higher investment in oil and gas projects, increased production on the Norwegian Continental Shelf (NCS) and continued growth in its international portfolio. During its Capital Markets Day 2026 presentation, the company said it expects to grow production by approximately 150,000 boed by the end of the
(BOE Report) – U.S. spot natural gas prices for Tuesday at the Waha Hub in West Texas turned positive for the first time since early February as demand for the fuel rises with the coming of the summer air conditioning season and energy firms start to wrap up spring pipeline maintenance. Electric companies burn more gas as homes and businesses
(Oil & Gas 360) By Greg Barnett, MBA, Part 1 of 3- The United States possesses one of the largest natural gas reserves in the world, supported by an extensive pipeline network, mature production capabilities, and decades of operational expertise. Yet despite this structural advantage, natural gas has never been fully deployed as a transportation fuel at national scale. This
(BOE Report) – The Iran war has become an additional driver of demand for gas turbines, Siemens Energy executives said on Thursday, at a time when manufacturers are already flooded with orders due to the massive data centre expansion in the United States. Along with rivals GE Vernova and Mitsubishi Heavy Industries, Siemens Energy has seen demand for gas turbines
Natural Gas Inventories as of June 5, 2026 The EIA has released its natural gas inventory report, showing a net increase of 108 Bcf as of June 5, 2026. Working gas in storage was 2,688 Bcf as of Friday, June 5, 2026, according to EIA estimates. This represents a net increase of 108 Bcf from the previous week. Stocks were
