Gunvor Group Inks Purchase Agreement with Texas LNG Brownsville
The agreement with Texas LNG Brownsville calls for a 20-year free on-board sale and purchase agreement of 0.5 million tonnes per annum of LNG for a Gunvor Group subsidiary.
CERAWeek: NextEra CEO: Growing Power Demand Opportunity for Renewables
Natural gas still has a role to play, according to NextEra Energy CEO John Ketchum.
ConocoPhillips CEO Ryan Lance: Upstream M&A Wave ‘Not Done’ Yet
Dealmaking in the upstream oil and gas industry totaled $234 billion in 2023. The trend shows no signs of slowing, ConocoPhillips CEO Ryan Lance said at the CERAWeek by S&P Global conference.
EIA: E&P Dealmaking Activity Soars to $234 Billion in ‘23
Oil and gas E&Ps spent a collective $234 billion on corporate M&A and asset acquisitions in 2023, the most in more than a decade, the U.S. Energy Information Administration reported.
Pembina Cleared to Buy Enbridge’s Pipeline, NGL JV Interests for $2.2B
Pembina Pipeline received a no-action letter from the Canadian Competition Bureau, meaning that the government will not challenge the company’s acquisition of Enbridge’s interest in a joint venture with the Alliance Pipeline and Aux Sable NGL fractionation facilities.
U.S. Oil Output to Exceed 14 Million bpd and Then Plateau, Says Conoco chief
U.S. oil production will grow to exceed 14 million barrels per day and then plateau, ConocoPhillips CEO Ryan Lance forecast on Tuesday. Output in the top U.S. shale field, the Permian basin of West Texas and New Mexico, will rise between 300,000 bpd and 400,000 bpd this year, he said in remarks at the CERAWeek energy energy …
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BP Oil Refinery in Indiana Resumes Normal Operations Weeks after Power Outage, Temporary Shutdown
WHITING, Ind. (AP) — BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers. BP spokesperson Christina Audisho said Tuesday that “the Whiting Refinery is back to normal operations” at the site along …
Enbridge Aims to Expand Gray Oak Oil Pipeline Capacity by 120,000 bpd
Energy pipeline operation Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year, an executive told Reuters on Tuesday. An additional 40,000 bpd expansion could come online in 2025 after the company decides on its capital expenditure plans, said Colin Gruending, an executive vice president at Calgary-based …
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Chevron CEO Talks Guyana M&A, Exxon Dispute
Chevron Corp. CEO Mike Wirth said during CERAWeek by S&P Global that California’s company’s plan to acquire Hess Corporation, and specifically its 30% interest in the Guyana offshore Stabroek Block, was an important deal as well as good one.
Diversified Energy Buys NatGas Assets in Runup to LNG Exports
Diversified Energy will pay $386 million to buy 100% interest in Oaktree Capital Management’s assets in Oklahoma, East Texas and Louisiana.