Trump Fires Off Energy Executive Orders on Alaska, LNG, EVs
President Donald Trump opened his term with a flurry of executive orders, many reversing the Biden administration’s policies on LNG permitting, the Paris Agreement and drilling in Alaska.
Scott Sheffield Sues FTC for Abuse of Power Over Exxon-Pioneer Deal
A Federal Trade Commission majority opinion in May barred former Pioneer Natural Resources CEO Scott Sheffield from serving in any capacity with Exxon Mobil Corp. following its acquisition of the Permian Basin E&P.
Saudi Foreign Minister Says Trump Does Not Raise Risk of Iran-Israel War
(Reuters) – Saudi Arabia’s foreign minister said on Tuesday he did not see Donald Trump’s new administration increasing the risk of an Israel-Iran conflict, addressing an issue the region has feared since the start of Israel’s war in Gaza. Prince Faisal bin Farhan Al Saud also said in Davos that he hoped President Trump’s approach …
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US LNG Projects Boosted by Trump’s Export Permit Restart
(Reuters) – U.S. President Donald Trump has ended the moratorium on new liquefied natural gas export permits imposed by his predecessor Joe Biden in January 2024. Trump targeted the LNG industry with an executive order on the first day, part of a series of planned policy moves to encourage more U.S. energy production. Biden paused …
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Trump’s Return to the White House: Market Winners and Losers
(Reuters) – U.S. President Donald Trump’s return to the White House has been met with both relief and disappointment across world markets as investors try to work out what the next four years will bring. “The approach will be chaotic, unpredictable, spur of the moment and driven by Trump himself,” said Russel Matthews, senior portfolio …
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Infinity Natural Eyes Up to $1.2 bln Valuation as Energy IPOs Gain Momentum
(Reuters) – Infinity Natural Resources is targeting a valuation of up to $1.24 billion in its initial public offering, joining a bunch of energy industry companies that have rushed to list their shares in recent months. The company, which first filed its IPO paperwork in October, said on Tuesday it is aiming to raise up …
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US Energy Mergers May Slow in 2025 as Deal Sizes Shrink, says Enverus
(Reuters) – The pace of U.S. upstream public-to-public mergers could slow in 2025 from their recent average of five per year along with a fall in deal sizes, according to a report from energy analytics firm Enverus that was released on Tuesday. The consolidation trend in the U.S. energy sector, which triggered deals amounting to …
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Ports in Texas Limit Activity Amid Cold Weather
Port Freeport on Jan. 21 said it expects limited vessel activity while Port Houston said all of its public facilities will remain closed through Wednesday as winter storm Enzo sweeps through Texas.
Trump’s Executive Order Delivers Blow to US Offshore Wind
President Trump’s executive order halts new offshore wind leasing and permitting activity effective Jan. 21.
Berry Announces Jeff Magids as New CFO
Jeff Magids was appointed as Berry Corp.’s new CFO on Jan. 21 in replacement of Mike Helm, effective immediately.