U.S. energy firm Equitrans Midstream delayed the completion date for its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter of 2024 from the previous estimate of the first quarter. The company also boosted the projected cost to complete the project to around $7.57 billion-$7.63 billion, up from a prior …
Equitrans Delays WV-VA Mountain Valley Natgas Pipe Again, Boosts Cost Read More »
Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of close to $20 billion, including debt, according to people familiar with the matter. Western Midstream shares rose 10% to $32.12 in afternoon trading in New York on Tuesday. The divestment would help Occidental, …
Occidental Explores $20 Bln-Plus Sale of Western Midstream Read More »
Courtesy of imgflp The International Energy Agency (IEA) is doing what anyone approaching 50 does: buying a Harley having an identity crisis. Key stakeholders of the global energy watchdog gathered in France this week to honor the organization’s half-century mark. While many celebrated its recent turn towards green energy and sustainability, not all IEA members are thrilled. …
As EV sales climb, more companies are embarking on wireless-charging pilot projects. But hurdles remain before powering up without a plug can go commercial. Bloomberg Someday soon, plug-in cars may no longer need a plug. Electric car drivers would simply pull into a specialized parking space when it’s time to power up, wait for a …
Wireless Charging for Electric Cars Is Inching Closer to Reality Read More »
(Reuters) – Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration’s five-year plan to offer drilling leases in the Gulf of Mexico. The petitions to a U.S. appeals court come four months after the Interior Department unveiled a congressionally-mandated plan for offshore leasing that included just three sales, the …
Oil Industry, Green Groups Challenge Biden Offshore Drilling Plan Read More »
(Reuters) – The White House will approve a request from a group of Midwest governors to allow year-round sales of gasoline with higher blends of ethanol, but will push the start date into next year, two sources familiar with discussions said. The decision will likely be bittersweet for the biofuel industry, which wants to expand …
Biden Administration to Approve E15 Gasoline Expansion Starting in 2025 Read More »
Summary Signs of stronger China demand support sentiment -analyst Beijing cuts mortgage reference rate to bolster property sector Houthis continue to hit shipping in Red Sea (Reuters) – Oil prices edged lower on Tuesday but remained near three-week highs on heightened Middle East tensions and as China showed some signs of economic recovery. Brent futures …
Oil Hovers Near 3-Week High on Middle East Tensions, China Demand Read More »
Full year 2023 Adjusted EBITDA of $924 million represents a 10% increase over the prior year Increased dividend by 7% Increased 2024 Adjusted EBITDA guidance Provided 2025 Adjusted EBITDA early outlook DETROIT, Feb. 16, 2024 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) today announced fourth quarter 2023 reported net income of $121 million, …
After a boom at the end of the pandemic and a bust last year, oil may avoid either extreme in 2024. At least, that’s the message from two prominent oil-watchers. Markets are set for a “comfortable” year with “moderate” prices as global demand growth cools and supply from the Americas swells, International Energy Agency Executive Director Fatih …
Oil Prices Can Avoid Both Boom and Bust This Year Read More »
The oil and gas industry is in “consolidation mode,” and pipeline company DT Midstream Inc. is positioning itself to take advantage of potential mergers and acquisitions, the company’s chief executive officer said. “We’re very aware of all those bolt-on opportunities around us,” CEO David Slater said on a quarterly earnings call with analysts Friday. Since …
Pipeline Owner DT Midstream Is Evaluating M&A Opportunities Read More »
