U.S. natural gas futures fell more than 3% on Thursday as investors awaited a weekly storage report and booked profits following a rally in the previous session spurred by Chesapeake Energy’s decision to cut its planned output for 2024. Front-month gas futures fell 5.4 cents, or 3.1% at $1.719 per million British thermal units at …
U.S. Natgas Rally Cools as Investors Await Storage Report Read More »
Suncor Energy, Canada’s second-largest oil producer, will focus this year on cutting operating costs in its oil sands mining business, CEO Rich Kruger said on Thursday, as the company continues efforts to fix long-running underperformance. Calgary-based Suncor is trying to improve safety and efficiency after a string of fatalities at oil sands sites in recent …
Canada’s Suncor Looks to Cut High Oil Sands Mine Operating Costs Read More »
Efforts to fight global warming are stronger now than the first time the former president attacked them, but he could still do significant damage from the White House. A second Donald Trump presidency would be a nightmare for Earth’s climate (among other things). But in the same way your immune system builds up defenses after …
Opinion: Trump’s Plans for a Second Term Could Be Disastrous for Climate Change Read More »
(Reuters) – Three of Venture Global LNG’s major customers have asked U.S. energy regulators to address the LNG developer’s request for a one-year permit extension to complete a Louisiana export facility, signaling their intention to voice concerns. The LNG developer last week asked for a one-year extension to complete its Calcasieu Pass gas-export plant, or …
Venture Global LNG Customers Challenge Permit Extension Request Read More »
Reuters (Reuters) – U.S. liquefied natural gas (LNG) company Cheniere Energy posted a 38.5% fall in its full-year LNG revenue on Thursday, hurt by a fall in natgas prices. Average U.S. natural gas prices fell nearly 40% in 2023, dragged by record production, ample inventories in storage and relatively mild weather conditions, pressuring prices for LNG …
Cheniere Energy’s Annual LNG Revenue Falls on Lower Natgas Prices Read More »
(Reuters) – Spanish oil company Repsol will hand shareholders up to 10 billion euros ($11 billion) via dividends and buybacks through 2027 as it pushes forward with its pivot to renewable energy and biofuels, it said on Thursday, driving its shares up. The Spanish firm joins other big oil companies offering record returns to shareholders despite a steep …
Repsol to Return Up to 10 Billion Euros to Shareholders by 2027 Read More »
(Reuters) – Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near Yemen. Brent crude futures rose 35 cents, or 0.4%, to $83.38 a barrel at 1036 GMT. U.S. West Texas Intermediate crude futures climbed 37 cents, or 0.5%, to $78.28 a barrel. The dollar …
Reuters (Reuters) – Siemens Energy is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group’s annual general meeting (AGM). “The losses we incurred in our wind business and the underlying problems are unacceptable. We will …
Siemens Energy CEO: Fixing Onshore Wind Business Will Take Years Read More »
Reports record total and oil production for 4Q-23 and FY-23 Plans to invest $750 – $850 million, increasing FY-24 oil production ~10% from 4Q-23 exit Updates development inventory to >10 years of oil-weighted locations TULSA, OK, Feb. 21, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today reported …
Vital Energy Reports Fourth-Quarter and Full-Year 2023 Financial and Operating Results Read More »
FORT WORTH, Texas, Feb. 21, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its fourth quarter 2023 financial results and plans for 2024. Full-Year 2023 Highlights – Cash flow from operating activities of $978 million Cash flow from operations, before working capital changes, of $1.1 billion Reduced net debt by $292 million, paid …
Range Announces Fourth Quarter 2023 Results and 2024 Guidance Read More »
