Enterprise Prices $2B in Senior Notes to Fund Growth, Repay Debt
The proceeds from the three-tranche offering will support capital investments, acquisitions and debt reduction.
NatGas Storage Injections Slow; Market Prices Rise
The U.S. has ended seven straight weeks of triple-digit increases to its working natural gas in storage, according to the EIA.
Shell CEO Warns of ‘Huge Impact’ If Strait of Hormuz Blocked
Shell Plc has contingency plans in case the conflict between Israel and Iran disrupts flows from the region, warning that a potential blockage of the Strait of Hormuz could deliver a substantial shock. About a quarter of the world’s oil trade passes through the Strait of Hormuz, which links the Persian Gulf to the Indian …
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Russia’s Dmitriev Says Russia, US and Saudi Arabia Could Act Jointly to Stabilise Oil Markets
Russia, the United States and Saudi Arabia could act jointly to stabilise oil markets if needed, Russia’s investment envoy Kirill Dmitriev told Reuters. Oil prices surged on Thursday after Israel said it attacked Iranian nuclear sites in Natanz and Arak overnight and as investors grappled with fears of a broader conflict in the Middle East …
Chevron Seeks Buyers for 50% Stake in Singapore Refinery, Sources say
Summary Chevron looking to sell refinery stake amid global restructuring Refinery partner PetroChina has first right of refusal on stake Chevron also gauging interest to sell other Asia assets Stake value estimated in $300 million to $500 million range SINGAPORE, (Reuters) – U.S. oil major Chevron has sought non-binding bids for the sale of its 50% …
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Saudi Energy Minister on Potential Loss of Iranian Oil: We Only React to Realities
Saudi Energy Minister Prince Abdulaziz bin Salman, asked if the kingdom and Russia would step in to replace any potential loss of Iranian oil, said on Thursday that “we only react to realities”. The prince, speaking at an economic forum in St Petersburg, added that OPEC+ has been a reliable organisation.
Goldman Estimates Geopolitical Risk Premium of Around $10 Per Barrel for Brent After Prices Rise
Following the rise in Brent prices to $76-77 per barrel, Goldman Sachs estimates a geopolitical risk premium of around $10 per barrel, the bank said in a note on Wednesday. While its base case is that Brent declines to around $60/bbl in Q4 assuming no supply disruptions, Goldman said the $10/bbl premium appears justified in …
Commonwealth LNG Receives FERC Authorization for Calcasieu LNG Export Project
Commonwealth LNG said on Wednesday it has received a final order from the Federal Energy Regulatory Commission authorizing its 9.5 million tonnes per annum liquefied natural gas export project on the Calcasieu Ship Channel in Louisiana. The FERC final order follows a conditional non-free trade agreement export authorization granted by the U.S. Department of Energy, …
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FERC Gives Final Go-Ahead to Kimmeridge’s Commonwealth LNG Project
Kimmeridge said it plans to reach a final investment decision on Commonwealth LNG by October.
Report: LNG Canada Expected to Start Production Within Days
LNG Canada will be the only west coast export terminal in North America. Canada has plans to become a significant player in the LNG sector by the end of the decade.