Dispatch from the LNG Front: Development Not ‘Paused’ so much as Slowed
Analysts: Low prices may stall upcoming gas gathering projects that are needed for an expected boom.
Kinetik Holdings Enters Agreement to Pay Debt
Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.
U.S. Natgas Prices Slip 2% to 1-Week Low on Milder Forecasts
U.S. natural gas futures slid about 2% to a one-week low on Thursday on forecasts for milder weather over the next two weeks than previously expected, a smaller output decline so far this month and ample amounts of gas in storage. The price decline came despite a federal report showing an expected bigger-than-usual storage withdrawal …
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Murphy Oil Declares Quarterly Dividend
Murphy Oil Corp.’s dividend is payable June 3 to shareholders of record by May 20.
Riley Permian to Acquire New Mexico Acreage, Launches Stock Offering
E&P Riley Exploration Permian will offer 2.1 million shares to help pay for the purchase of 12,500 net acres in Eddy County, New Mexico.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
US Clears 2.6-GW Offshore New England Wind Project
Located south of Martha’s Vineyard off of Massachusetts, the project consists of the 791-megawatt New England Wind 1 and the 1.87-GW New England Wind 2.
White House Rejects Tying Ukraine Aid to Reversing Natural Gas Policy
Bloomberg The Biden administration has dismissed a deal with House Speaker Mike Johnson to tie Ukraine aid to lifting the Biden administration’s pause of new liquefied natural gas export licenses. “The president has been clear that House Republicans should pass the bipartisan national security agreement that already passed the Senate as soon as possible to get Ukraine …
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Few Stations and $200 to Fill Up: Life on California’s ‘Hydrogen Highway’
Bloomberg As California’s longtime chief climate regulator, Mary Nichols once championed hydrogen fuel cell cars. Just a few years ago, as the state spent tens of millions of dollars on a planned network of fueling stations dubbed “the hydrogen highway,” Nichols was extolling the 300-mile (480-kilometer) range and quick refueling time of her own hydrogen ride, a …
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Canada’s RBC Struggles to Go Green While Financing Oil
Royal Bank of Canada’s travails show the fine line banks must walk in shifting toward a lower-carbon future. Bloomberg In November, Dave McKay traveled from his Toronto home to Ottawa, where he accepted a medal from the Royal Canadian Geographical Society. During a gala at the national war museum, the group showered the chief executive officer of Royal …
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