Summit takes FID on Double E compression project

NorthAmOil - North America Oil & Gas
By bne IntelliNews 3 September 2026
Summit Midstream has taken a final investment decision on the previously announced mainline compression expansion project on its Double E pipeline.

Oneok to buy Brazos Midstream’s Midland Basin assets for $4.425bn

NorthAmOil - North America Oil & Gas
By bne IntelliNews 3 September 2026
US midstream player Oneok announced on August 30 that it had agreed to acquire Brazos Midstream’s natural gas-gathering and processing assets in the Permian Basin’s Midland sub-basin for $4.425bn in cash.
Detailed view of a modern gas pump at a fuel station in Bergisch Gladbach, Germany.

European pump prices hit records as Iran war escalation drives oil higher

DMEA - Downstream Middle East & Africa
EurOil - Europe Oil & Gas
By bnm Gulf bureau 3 September 2026
Petrol prices hit records in Germany and the Netherlands and European gas futures reached a three-year high, as the Iran-US war escalation drove oil higher, landing the Gulf conflict directly on European household budgets.

Iraq faces renewed petrol shortages as Baghdad queues return

MEOG - Middle East Oil & Gas
By bna Cairo bureau 3 September 2026
Iraq’s capital Baghdad and several other provinces are facing renewed shortages of petrol and kerosene, with long queues forming at filling stations and dozens of stations closing.
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