Orion Acquires SCOOP/STACK Interests, Pursuing Permian Deals
Orion Diversified Holding Co. is pursuing negotiations with several oil companies in the Permian Basin to acquire oil and gas assets, the company’s CEO said.
Trump Worries and Leader Absences Cloud COP29 Climate Summit in Baku
The annual U.N. climate summit began on Monday with some prominent leaders planning to skip the event ahead of tough talks on finance and trade, after a year of weather disasters that have emboldened developing countries’ demands for cash. Delegates gathering in Azerbaijan’s capital, Baku, hope to resolve the COP29 summit’s top agenda item – …
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TGS Awards First 3D Streamer Contract for Summer 2025
The contract for TGS’ first 3D streamer acquisition for Northwest Europe’s summer season will begin in May 2025.
US Natgas Prices Soar 10% to 5-Week High on Output Drop, Jump in Demand
U.S. natural gas futures soared about 10% to a five-week high on Monday on a drop in daily output over the past few days and forecast for much cooler weather and more heating demand over the next two weeks than previously expected. That heating demand should cause utilities to start pulling gas out of storage …
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EU’s Von der Leyen Suggests US LNG Could Replace Russian Supply
Commission president spoke to Trump about energy, other topics US is already top source of LNG for the European Union European Commission President Ursula von der Leyen has an idea for reducing the bloc’s consumption of Russian liquefied natural gas: import more from America. That’s among the subjects she mentioned during a recent phone call with US …
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Trump Win Upends the Fight for Climate Cash at COP29
Nearly 200 nations meeting at an annual United Nations summit this week must now consider how to avoid catastrophic climate change without help from the world’s biggest economy. This year’s United Nations’ climate talks were never going to be easy. The world is in the midst of two major wars in Ukraine and the Middle East. COP29, as the summit …
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Trump’s Plan to Unleash Oil Will Hit a Cash Problem
Fossil-fuel executives backed the Republican’s campaign but don’t necessarily share his views on production growth. Pumpjacks operate on oil wells in the Permian Basin, Texas. Bloomberg Days before being elected the 47th US president, Donald Trump made a bold promise that he’d slash energy prices by 50%. “I’ll get those guys drilling,” he told supporters …
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More Than a Quarter of U.S. Gulf of Mexico Oil, 16% of Natural Gas Offline
By Reuters (Reuters) – More than a quarter of U.S. Gulf of Mexico oil and 16% of natural gas output remained offline in the aftermath of storm Rafael, the U.S. offshore energy regulator reported on Sunday. There were 482,790 barrels of oil and 310 million cubic feet of natural gas production shut-in on Sunday, offshore regulator …
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Trump Considering Doug Burgum as New ‘Energy Czar’ to Slash Regulations, FT Reports
(Reuters) – President-elect Donald Trump is considering North Dakota Governor Doug Burgum to be his new “energy tsar”, the Financial Times reported on Friday. Burgum is Trump’s preferred candidate for the role, the newspaper reported citing people familiar with the discussions, adding that former energy secretary Dan Brouillette is also a contender. The new energy …
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Oil Falls as China Stimulus Fails to Boost Sentiment, US Dollar Strength
Summary Brent, WTI falls over 1% on China, US dollar strength China’s latest stimulus package fell short of expectations US storm Rafael subsides Nov 11 (Reuters) – Oil prices fell on Monday, after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s No. 2 oil consumer and as the U.S. dollar edged …
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