Plains All American President Pefanis to Retire
Current CEO Willie Chiang will take over as the next president of Plains All American Pipeline following co-founder Harry Pefanis’ retirement.
What’s in Trump’s New 25% Tariffs on US Auto Imports?
President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week. Details of the plan, set to upend autos trade and supply chains were still being made public by the administration on …
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UK Antitrust Watchdog Says SLB-ChampionX Deal Could Lessen Competition
Britain’s competition regulator said on Thursday that oilfield services company SLB’s proposed $8 billion deal to buy smaller rival ChampionX could result in a substantial lessening of competition within the UK. The deal would be referred for an in-depth probe unless SLB and ChampionX offer remedial measures, UK’s Competition and Markets Authority (CMA) said, adding …
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Excelerate to Buy LNG, Power Assets from New Fortress for $1.055B
Excelerate Energy will buy a New Fortress Energy’s Integrated downstream LNG and power platform in Jamaica in a $1.055 billion cash acquisition.
European Gas Extends Drop With LNG Helping to Ease Supply Fears
European natural gas extended declines as ample supplies of LNG and warmer weather eased pressure on inventories after a rocky start to the year. Benchmark futures fell as much as 2.7%, with monthly imports of liquefied natural gas into northwest Europe set to jump more than 25% from a year earlier. Prices subsequently recouped some of that loss …
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US LNG Exports May See EU Demand Drop-Off, Asian Surge
Ukrainian peace talks could end with Russian gas back on the market, Poten & Partners analysts said.
Tribal Nations Step Away from Enbridge’s Line 5 Process
The U.S. Army Corps of Engineers included Line 5 on a list of projects to be considered for emergency permitting. But native groups say the potential emergency designation for the project is unfair.
Japan’s JAPEX Backs Former TreadStone Execs’ New E&P Peoria
Japanese firm JAPEX U.S. Corp. made an equity investment in Peoria Resources, led by former executives from TreadStone Energy Partners.
Shale-Oil Bosses Slam Trump’s Tariffs in Anonymous Survey
By Emma Sanchez Shale-oil executives assailed President Donald Trump’s trade policies in an anonymous survey, saying his barrage of tariffs were sowing confusion and undermining his goal to unleash America’s energy might. “The administration’s chaos is a disaster for the commodity markets,” one executive said in the report released Wednesday by the Federal Reserve Bank …
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Exclusive: Rapid Haynesville Production Challenges LNG Market Stability
Gordon Huddleston, partner and president at Aethon Energy, delves into how the Haynesville’s proximity to LNG export terminals positions the play as a major gas supplier, but LNG project timing and rapid influx of gas are contributing to volatility, in this Hart Energy Exclusive interview.