Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by 2040. The investment bank sees global road oil demand edging …
Road Oil Demand to Peak by 2032 as EVs Become More Popular, Goldman Forecasts Read More »
Kinder Morgan’s Allen Fore said 2024 should be an ‘interesting’ year in M&A during a discussion at DUG GAS+ Conference and Expo.
The U.S. has doubled the pace of cutting carbon emissions since President Joe Biden’s Inflation Reduction Act (IRA) passed in 2022, analysts and scientists said, with more than 80 solar, wind and energy storage projects taking advantage of the law’s mix of direct payments and tax credits. The IRA and the Bipartisan Infrastructure Law last …
U.S. Climate Law Has Boosted Solar, Batteries; Hydrogen, Other Initiatives Lag Read More »
U.S. exports of liquefied natural gas (LNG) fell slightly in March to 7.61 million metric tons (MT) from 7.73 MT in February as production of the superchilled gas from the country’s second largest exporter remained constrained, preliminary data from financial firm LSEG showed on Monday. But the U.S. was the largest exporter of LNG last …
U.S. March LNG Exports Flat as Freeport Plant Woes Continue Read More »
U.S. natural gas futures jumped about 5% to a three-week high on Monday on a continuing decline in output and forecasts for more demand next week than previously expected. That price increase occurred despite forecasts for less demand this week than previously expected, forecasts for mild weather through mid-April, ample amounts of gas in storage …
U.S. Natgas Prices Jump 5% to 3-Week High on Higher Demand Forecasts Read More »
While the Federal Trade Commission reviews Chesapeake Energy’s $7.4 billion deal for Southwestern Energy, the two companies are already aligning organizational design, work practices and processes and data infrastructure while waiting for federal approvals, COO Josh Viets told Hart Energy.
The U.S. and Louisiana have the ability to change global emissions through the export of LNG, although new applications have been frozen by the Biden administration.
Kimmeridge Energy Management said in a letter that should SilverBow continue to “stonewall” consideration of a merger offer, shareholders should elect three new independent board members.
Here’s a roundup of the latest E&P headlines, including new contract awards.
Hess Corp.’s board is unanimously recommending its shareholders vote in favor of the proposed $53 billion all-stock merger with Chevron Corp., according to Chevron’s March 28 Securities and Exchange Commission filing.
