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Galp will continue to analyze the acquired data and anticipates performing a drill stem test in the coming weeks to assess the commerciality of the discovery.

GLBP has filed applications with regulators seeking authorization to site, construct and operate the proposed facility at Shoal Point in Texas City, Texas.

The Montara Venture FPSO had to halt production only a few months following restart in March.

European companies are using more natural gas as prices drop.

The stoppage comes at a time when warmer-than-usual temperatures lead to an increase in electricity demand.

The market is closely watching whether the Israel-Hamas war will disrupt regional flows as the heating season in the northern hemisphere expands.

It's a major setback to efforts to fast-track the approval of energy infrastructure.

US retail gasoline and diesel prices rallied to a record just ahead of the nation's summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.

Gas prices could rocket in the near term if Russia implements shutoffs to more countries.

Current energy crisis forces intensified this week.