Nearly 75 U.S. lawmakers from President Joe Biden’s Democratic party on Tuesday praised his pause on approvals of exports of liquefied natural gas, or LNG, saying it would protect Americans from pollution and potential higher prices. Senators Jeffrey Merkley, Edward Markey and Representative Jared Huffman spearheaded a letter to Biden saying the pause allows the …
Nearly 75 Democratic Lawmakers Support Biden’s LNG Pause Read More »
Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.
Liu replaces former CEO Mark Brinin, who is departing to pursue other opportunities, Wood Mackenzie said.
A group of Congressional catastrophists is threatening the fossil fuel industry for “extensive efforts” in its communications to “undermine efforts to curb GHG emissions.” By Alex Epstein A group of Congressional catastrophists is threatening the fossil fuel industry for “extensive efforts” in its communications to “undermine efforts to curb greenhouse gas emissions.” But the industry …
During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.
Markets were supposed to be flooded with LNG by 2025, but hiccups at new projects might postpone their start. A wave of new liquefied natural gas projects that was supposed to flood the global market from next year now looks like it might not eventuate until at least 2026. The main reason is that the …
Germany prepares for gas grids and boilers to become redundant Other European countries are still investing in gas networks For the past four years, the Bavarian city of Augsburg has been warning homeowners that gas supplies could be switched off by 2030 as fossil fuels are phased out. It’s a blunt message on the potentially …
Europe Braces for Billions in Writedowns at Stranded Gas Assets Read More »
Kimmeridge Energy Management Co. plans to continue to invest in the US liquefied natural gas export industry, even though new permitting is on hold while the Biden administration scrutinizes the sector. The company expects to make additional investments in the proposed Commonwealth LNG project in Louisiana, according to Ben Dell, Kimmeridge’s co-founder and managing partner. Kimmeridge is …
Kimmeridge Plans to Invest More in U.S. LNG Despite Biden’s Pause Read More »
Payouts from the world’s biggest international oil companies hit a record US$114 billion last year Bloomberg News BP PLC maintained the pace of its share buybacks even as first-quarter profit and cash flow fell by more than expected and net debt increased. The result marks the end of a mixed set of Big Oil earnings which saw Shell PLC, TotalEnergies SE and Chevron …
BP Ends Big Oil Earnings with Maintained Share Buybacks Read More »
~ Crude Oil and Boe Sales Volumes Exceed High End of Q1 Guidance ~ ~ LOE per Boe and Capital Spending Below Low End of Q1 Guidance ~ THE WOODLANDS, Texas, May 06, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the …
