This joining us is Klay Seagull. He is senior fellow for energy security at Center for Strategic and International Studies. Also an analyst with extensive ship and tanker expertise as well.Uh listen, they jammed up apparently Clay, you tell me if I'm wrong, some of the signals on these ships, which pretty much operate like airplanes at this point, meaning it's kind of computers running the show. Two ships colliding. It's happened before.It will happen again, but the timing is hard to miss at this point. Hey ...

Key Takeaways CVX has shut down the Leviathan gas field due to Israeli security directives tied to regional tensions. The halt ends exports to Egypt, intensifying energy strain and disrupting Mediterranean-Europe gas flows. Plans to expand Leviathan's output to 21 bcm annually are now suspended amid escalating geopolitical risks.Chevron Corporation (CVX) , a Houston, TX-based integrated oil and gas company, has confirmed the complete shutdown of its massive Leviathan gas field, situated in the Levant Basi ...

>> ISRAEL LAUNCHED A TARGETED MILITARY OPERATION TO ROLL BACK THE IRANIAN THREAT TO ISRAEL'S VERY SURVIVAL. THIS OPERATION WILL CONTINUE FOR AS MANY DAYS AS IT TAKES TO REMOVE THIS THREAT. >> IT IS 5:00 A.M. IN NEW YORK CITY. I AM DANI BURGER WITH YOUR BLOOMBERG BRIEF.ISRAEL LAUNCHES AIRSTRIKES ACROSS IRAN TARGETING NUCLEAR SITES AND KILLING SENIOR MILITARY COMMANDERS. IRAN VOWS REPRISAL AND HITS BACK WITH DRONES. OIL JUMPS ON THE GEOPOLITICAL ANGST WITH ITS BIGGEST INTRADAY SPIKE SINCE MARCH OF 2022.STATE ...

Noddy When it comes to the oil market, there are no immediate outages at this moment, but the risk calculus has certainly changed. How has it changed for you overnight. So when we look at exports from Iran right now, they've been around 1.7% million barrels per day.This is very much in question. Will that continue. What will be the focus.And when we think about where the market has been positioned, we've had three surges of more than 400,000 barrels per day and expected production out of the Middle East. Bu ...

Toby, how does the action uh in the Middle East right now, the attack from Israel on Iran, Iran's counter strike, how does that impact the natural gas market. Well, it it will just highlight the importance of American energy and why this is so important on the world stage. You know, natural gas, American natural gas is going to play a huge role in providing energy security to the world.And every bit of natural gas that we put on the world stage, uh, every cargo that we put in the world is going to replace e ...

HOUSTON, June 11, 2025 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), today announced it has executed a non-binding heads of agreement (HOA) with JERA Co. Inc (JERA) for a 20-year sale and purchase agreement for liquefied natural gas (LNG) offtake of 1.5 million tonnes per annum (Mtpa) on a free on board basis from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas."We are pleased to collaborate with JERA, Japan's largest power generation company and one o ...

The Zacks Oil & Gas – Production & Pipelines industry plays a vital role in supporting the nation’s energy security and economic stability. The United States relies heavily on an extensive and efficient pipeline network to transport hydrocarbons from major production regions, like the Permian, Bakken, and Marcellus basins, to refineries, export terminals and consumers. The long-term investment outlook for this industry looks bright due to steady domestic energy consumption, the growth of liquefied natural g ...

Core Viewpoint - The U.S. Department of Energy has issued a permit for the Port Arthur LNG Phase 2 project, allowing the export of approximately 13.5 million tonnes per annum of U.S.-produced LNG to non-FTA countries, marking a significant regulatory milestone for the project [1][2]. Group 1: Project Development - The Port Arthur LNG Phase 2 project aims to enhance the U.S. position in global energy markets and support trade goals while providing economic opportunities at various levels [2]. - The project is under active marketing and development, with authorization from the Federal Energy Regulatory Commission received in September 2023 [2]. - The Phase 2 project will include two liquefaction trains, increasing the total liquefaction capacity of the Port Arthur facility from approximately 13 million tonnes per annum for Phase 1 to about 26 million tonnes per annum [2]. Group 2: Strategic Partnerships - In June 2024, Sempra Infrastructure and a subsidiary of Aramco signed a non-binding heads of agreement for a long-term LNG offtake agreement and equity investment in the Port Arthur LNG Phase 2 project [3]. - Bechtel was selected for a fixed-price engineering, procurement, and construction contract for the project in July 2024 [3]. Group 3: Current Status and Future Outlook - The Port Arthur LNG Phase 1 project is currently under construction, with expected commercial operation dates for the first two trains set for 2027 and 2028, respectively [4]. - Future phases of the Port Arthur LNG project are in the early development stage, indicating ongoing expansion plans [2].

KBR, Inc. (KBR) has secured a $476 million firm-fixed-price contract from the U.S. Navy Facilities Engineering Systems Command (“NAVFAC”). The contract involves Base Operations Support (“BOS”) services at Camp Lemonnier and Chabelley Airfield in Djibouti.These sites include the only permanent U.S. Navy base in Africa. The agreement enables the company to continue providing BOS services at both locations.KBR to Provide Mission Support ServicesKBR has worked with NAVFAC in Djibouti since 2013, supporting 24/7 ...

ARLINGTON, Va., May 20, 2025 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ: FLNC), a global market leader delivering intelligent energy storage systems, services, and asset optimization software, today announced start of production at a new manufacturing facility in Goodyear, Arizona. The facility will produce enclosures made with U.S. steel and battery management system (BMS) hardware for Fluence's grid-scale energy storage systems. This latest manufacturing facility represents another miles ...