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APA Corporation to Acquire Callon Petroleum Company in All-Stock Transaction

Latest, Press Releases, Tri-Pinned, US News / By mark

Complements and enhances APA’s asset base in the Permian Basin; expected to be accretive to key financial metrics; Adds to APA’s high-quality, short-cycle development inventory and increases oil mix; and Strengthens APA’s position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) per day and …

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Shell backs BP in fight Over Venture Global LNG Exports

Conventional Energy, Latest, LNG, US News / By mark

Curtis Williams Jan 3 (Reuters) – Shell PLC (SHEL.L) has joined BP PLC (BP.L) in its battle against Venture Global LNG, accusing the liquefied natural gas (LNG) producer of denying it and other customers access to supplies while exporting more than $18 billion worth of the superchilled gas, according to a filing with U.S. regulators. Venture Global’s Calcasieu Pass …

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FERC Approves New England Grid’s Request to Delay Power Auction to 2026

Latest, US News / By mark

(Reuters) – The Federal Energy Regulatory Commission (FERC) has granted a request by New England’s grid operator and a regional utilities association to postpone their 2025 forward capacity auction by a year. In November 2023, ISO New England and the New England Power Pool (NEPOOL) had sought the U.S. energy regulator’s permission to delay the auction …

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HEADWINDS: Equinor, BP Cancel Contract to Sell Offshore Wind Power to New York

Latest, Renewable Energy, US News, Wind / By mark

(Reuters) – European energy firms Equinor (EQNR.OL) and BP (BP.L) terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues. “This agreement reflects changed economic circumstances on an industry-wide scale and repositions an already mature project to continue development …

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Canada’s Long-Delayed Trans Mountain Pipeline Plans Line Fill for March or May

CDN and International News, Latest, Pipelines / By mark

(Reuters) – Trans Mountain Corp (TMC.UL) plans to begin line fill in March or May on its long-delayed Canadian oil pipeline expansion, depending on the diameter of pipe it uses and assuming no new problems, the Canadian government-owned company said in a filing on Wednesday. The company is awaiting a regulatory decision on its request …

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ENERGY NORTH: Trudeau’s Politics and Climate Plan Faces Setback in Saskatchewan Over Carbon Tax

CDN and International News, Latest / By mark

Canadian Prime Minister Justin Trudeau faces a setback for his climate-change action plan in conservative-leaning Saskatchewan, as provincial opposition mounts against the federal carbon tax. On Monday, the western Canadian province stopped collecting the tax applied to homes heated by natural gas and electricity, after Trudeau’s Liberal government exempted home heating oil from the tax …

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U.S. Seeks 3 Mln barrels of Crude for Strategic Reserve

Conventional Energy, Latest, Oil, US News / By mark

The U.S. is seeking to buy up to 3 million barrels of U.S.-produced sour crude oil for delivery in April to help replenish the Strategic Petroleum Reserve (SPR), the Department of Energy said in a statement on Wednesday. President Joe Biden’s administration is slowly purchasing oil for the SPR after it sold a record 180 …

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U.S. Natgas Prices Gain 2% to One-Week High on Colder January Forecasts

Conventional Energy, Latest, Natural Gas, US News / By mark

U.S. natural gas futures gained about 2% to a one-week high on Wednesday on a decline in daily output and forecasts for colder weather in mid January than previously expected. That price increase came despite forecasts for milder weather and lower heating demand this week and next than previously expected, and a small decline in …

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