U.S. pipeline operator Energy Transfer will not give its Lake Charles liquefied natural gas export facility in Louisiana a financial go ahead until 80% of the project has been sold to equity partners, company executives said on Wednesday on a post-earnings call. Energy Transfer has been developing the 16.5 million metric tonnes per annum LNG …
HOUSTON, Nov 5 (Reuters) – Oil and gas producers will need to step up drilling to sustain or increase output due to rapid declines in production from existing wells, the U.S. Energy Information Administration said on Tuesday. WHY IT MATTERS The U.S. is the world’s largest producer, with oil production touching a record 13.8 million …
Oil Producers Need to Step Up Drilling to Sustain Output, EIA Says Read More »
(Reuters) – U.S. field production of crude oil rose to a record high for a second week in a row last week, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday. EIA said output reached 13.651 million barrels per day (bpd) during the week ended October 31, topping the …
US Crude Production Hits Record High for Second Week in a Row, EIA Says Read More »
(Reuters) – U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.2 million barrels to 421.2 million barrels in the week ended October 31, the EIA said, compared with analysts’ expectations in a Reuters poll for a 603,000-barrel rise. Crude stocks …
US Crude Stocks Rose Last Week, Gasoline and Distillate Inventories Fell, EIA Says Read More »
By Anthony Di Paola and Joumanna Bercetche The United Arab Emirates, long one of OPEC’s key oil producers, is pivoting to US-tested fracking techniques to tap its “very promising” unconventional gas resources, with the intention of ramping up output amid forecasts for surging demand. Abu Dhabi National Oil Co. is tapping new sources of natural …
UAE Oil Giant Leans on US Expertise for ‘Promising’ Shale Pivot Read More »
Deal values in the global energy sector have fallen about 6% this year By David Carnevali and Fareed Sahloul Low energy On this Tuesday a year ago, as US voters were handing Donald Trump the keys to the White House for a second time, M&A bankers were looking forward to the boom times; few more …
Oil & Gas: The One Sector Missing Out of M&A’s Big Revival Read More »
By Nojoud Al Mallees and Thomas Seal The Canadian government signaled it plans to eventually lift the controversial cap on emissions from the oil and gas sector, doubling down instead on its industrial carbon pricing system to rein in pollution. In its first federal budget on Tuesday, Prime Minister Mark Carney’s government unveiled its climate …
Canada Signals Plans to Scrap Oil and Gas Emissions Cap Read More »
By Stine Jacobsen and Louise Rasmussen Offshore wind capacity seen up 20-25% annually until 2030 Terms of European offshore wind auctions improving, firms say Faster permitting, better auction designs, grid expansion needed Vestas Q3 operating profit 416 million euros, beats forecast Orsted swings to $265 million net loss in Q3 COPENHAGEN, Nov 5 (Reuters) – …
Offshore Wind Leaders Urge European Policy Fixes as Trump freezes US Permits Read More »
Ovintiv said on Tuesday it would buy the rest of NuVista Energy in a cash-and-stock deal valued at $2.7 billion, including debt, strengthening the shale producer’s presence in Canada’s Montney basin. Last year, the North American company had acquired oil assets from Canadian firm Paramount Resources in the Montney shale for $2.38 billion in cash. “This acquisition, combined with the …
Ovintiv Expands in Canada’s Montney Shale with USD $2.7 Billion Deal for NuVista Read More »
Full Year Production Guidance Increased, Capital Investment Unchanged Highlights: Generated cash from operating activities of $812 million, Non-GAAP Cash Flow of $895 million and Non-GAAP Free Cash Flow of $351 million after capital expenditures of $544 million Third quarter production was at or above the high end of the guidance range on every product with average total production volumes of 630 …
Ovintiv Reports Third Quarter 2025 Financial and Operating Results Read More »
