Presidio Petroleum plans to go public in a SPAC merger with EQV aimed at building the next big oil and gas producer in the Texas Panhandle—and is poised to capitalize on a wave of asset divestitures.
The uprate increases Calcasieu Pass’ permitted peak liquefaction capacity from 12.0 million tonnes per annum (mtpa) to 12.4 mtpa, Venture Global said.
The repurchase from its Chevron affiliate and the public markets was part of Hess Midstream’s ongoing capital return strategy.
BP CEO Murray Auchincloss said the company was open to selling a portion of its Kaskida project in the U.S. Gulf of America—for a good deal.
With the 45Q tax credit achieving parity, operators can now receive tax credits of $85/tonne for CO2 EOR compared to the previous incentive of $60/tonne—meaning breakeven prices of just $16/bbl, according to Enverus research.
Malaysia will spend up to $150 billion in the next five years to buy equipment from U.S. multinationals as part of a deal to cut tariffs.
U.S. President Donald Trump on Tuesday said declining energy prices could pressure Russian President Vladimir Putin to halt the war in Ukraine. “If energy goes down enough, Putin is going to stop killing people,” Trump said in an interview on CNBC. “If you get energy down, another $10 a barrel, he’s going to have no …
Trump Says Drop in Energy Prices Will Prompt Putin to ‘Stop Killing People’ Read More »
U.S. President Donald Trump on Tuesday said he would increase the tariff charged on imports from India from the current rate of 25% “very substantially” over the next 24 hours, given India’s continued purchases of Russian oil. “They’re fueling the war machine, and if they’re going to do that, then I’m not going to be …
Trump Says He Will Raise tariffs on India Soon Over its Russian Oil Purchases Read More »
*Exxon, Chevron oil and gas production hit record in Q2 *Shell production drops to lowest in at least 20 years, BP’s drops from year ago *European majors hope to close a valuation gap with US rivals By Ron Bousso LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also has …
Record Production at Exxon and Chevron Humbles European Rivals: Ron Bousso Read More »
(Reuters) – Grid operators across the U.S. are revamping their forecasting methods, introducing reforms to power markets and streamlining interconnection processes to quickly connect more energy to the grid, as a potent combination of extreme weather and data center growth elevate power demand this summer. High temperatures and the expansion of power-hungry data centers are …
POWERING UP! How Prepared Are U.S. Grid Operators for Extreme Heat This Summer? Read More »
