Gradient: Geothermal Adds Value for Old, Existing Oil Wells
When geothermal piggybacks onto oil and gas operations, ‘the economics generally look really good,’ Gradient Geothermal CEO says.
BP to Sell Downstream Business in Austria
The sale, expected to be complete by year-end 2025, includes over 260 of BP’s retail sites across Austria.
US NatGas in Storage Grows for Second Week
The extra warm spring weather has allowed stocks to rise, but analysts expect high demand in the summer to keep pressure on U.S. storage levels.
Canada’s Current Liberal Prime Minister Says Nothing off the Table in Response to Trump’s Tariffs
Canada will wait until next week to strike back against the latest U.S. threat of tariffs and nothing is off the table regarding possible countermeasures, Prime Minister Mark Carney said on Thursday. Carney, warning Canadians that tough times lay ahead, also lamented what he said was the end of a long, mutually beneficial economic and …
Kissler: Gas Producers Should Still Hedge on Price
Recent price jumps and rising demand don’t negate the need to protect against future drops.
Prairie Operating Closes $600MM D-J Acquisition from Bayswater
Prairie Operating Co. has closed on its $602.75 million acquisition of Denver-Julesburg Basin assets from Bayswater Exploration and Production.
US NatGas Prices Climb 2% on Decline in Daily Output, Record LNG Flows
By Scott Disavino US gas output on track to hit monthly record in March US LNG export feedgas set to hit monthly record in March US gas inventories on track for unusual build in March March 27 (Reuters) – U.S. natural gas futures climbed about 2% on Thursday on a decline in daily output, record …
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Oil Approaches One-Month Highs as Investors Assess Supply, Trade War Risks
By Stephanie Kelly and Enes Tunagur Markets mixed on impact of Trump auto tariffs Tariffs on Venezuelan oil buyers still supporting prices Prices unlikely to return to early 2025 highs, some analysts say NEW YORK, March 27 (Reuters) – Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with …
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EU Targeting Energy Laws in Drive to Cut Red Tape, Sources Say
By Kate Abnett BRUSSELS, March 27 (Reuters) – The European Commission is considering changes to EU energy laws as part of its next package of proposals to cut the regulatory burden for struggling industries, sources familiar with the matter told Reuters. Brussels has launched a drive to remove layers of bureaucracy that European businesses say …
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TotalEnergies, Partners Reach FID for Northern Lights CCS Phase 2
The second phase is expected to increase the project’s transport and storage capacity to more than 5 million tons of CO2 per year in 2028, TotalEnergies says.