Oman Government, Amigo LNG Sign Long-Term Supply Deal
Oman’s commodity trading business, OQ Trading, has signed a 15-year LNG sales and purchase agreement with Amigo LNG, the Mexico subsidiary of Singapore’s LNG Alliance.
INEOS, Covestro Sign Multiyear LNG Supply Deal
London’s INEOS and Germany’s Covestro say they aim to solidify supplies in a volatile market.
Petro-Victory Completes Acquisition of Brazil’s Capixaba Energia
Petro-Victory partnered with BlueOak Investments to complete the $17.5 million deal for Brazilian E&P Capixaba Energia.
Expand Energy on Track to Increase US Natgas Output to Meet Growing Demand
(Reuters) – U.S. energy company Expand Energy, the country’s biggest natural gas producer, said on Wednesday it was on track to produce more gas in 2025 and 2026 to meet growing demand for the fuel. Expand executives told analysts on its first quarter earnings call it expected to run about 12 rigs and invest about …
Expand Energy on Track to Increase US Natgas Output to Meet Growing Demand Read More »
BP’s 440,000-bpd Refinery in Whiting, Indiana, Shut Reformer Unit Last Weekend, Sources Say
(Reuters) – BP’s 440,000-barrel-per-day (bpd) refinery in Whiting, Indiana, shut the reformer unit last weekend, trading sources said. The company did not immediately respond to Reuters’ requests for comment. The Whiting refinery, the largest in the U.S. Midwest, produces a wide range of liquid fuels, including gasoline, diesel and jet fuel. Reporting by Nicole Jao …
TotalEnergies CEO Seeks to Reassure Investors After Smaller Profit, Higher Debt
By America Hernandez First quarter adjusted net profit drops 18% versus a year ago All business segments down except LNG Net debt rises to $20.1 billion, up 42% vs a year ago Free cash flow not enough to cover buybacks, dividends (Reuters PARIS, April 30) – Europe’s willingness to buy more liquefied natural gas (LNG) …
TotalEnergies CEO Seeks to Reassure Investors After Smaller Profit, Higher Debt Read More »
Tariff Concerns Lead First Solar to Revise Down Guidance
The U.S.-based solar panel manufacturer was among the latest companies to announce changes amid policy and regulatory concerns in the U.S.
Segrist: Greenpeace’s Next Move After North Dakota Knock-Down
Energy Transfer won a massive lawsuit against the environmental group Greenpeace that will likely change the tactics of future protests.
New E&P South Wind to Pursue Large-Scale M&A with PE Backing
After selling Fayetteville gas producer Flywheel Energy last year, the team is launching South Wind Exploration & Production with Kayne Anderson financing.
Expand: 2%-Plus Gas OFS Deflation if Permian Cuts Rigs, Frac Crews
Reduced prices for goods and services may come as Permian Basin and other oil-focused E&Ps drop rigs and frac crews at $60 oil, Expand Energy executives said.