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APA Corporation Announces Timeline For Closing of Callon Petroleum Company Transaction; Issues Investor Slide Deck Highlighting Top-Tier Permian Performance

HOUSTON, Feb. 26, 2024 (GLOBE NEWSWIRE) — APA Corporation (NASDAQ: APA) announced today that the applicable statutory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on Feb. 22, 2024. Assuming both APA and Callon shareholder approvals are obtained, the closing of the acquisition is expected to occur on or about April 1, …

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COMMENTARY: Climate Change on Trial – A Podcast Series: Climate Had Its Day in Court

Latest, US News / By mark

by Deidra Garyk A very important court case went on in Washington, DC over the past few weeks. You may not have heard because there was not much talk about it in the legacy news until the verdict was read. Fortunately, a daily podcast series “Climate Change on Trial” by Unreported Story Society documented it …

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U.S. Takes Lead as Top Supplier to Europe for Crude, Diesel and LNG

Conventional Energy, Diesel Fuel, Energy Topics & Technology, Latest, LNG, Oil, US News / By mark

By Deep Kaushik Vakil LONDON, Feb 26 – The United States has taken the top spot as Europe’s supplier of crude oil, diesel, and liquefied natural gas (LNG) in recent months, capitalising on reduced imports from east of Suez caused by shipping disruptions in the Red Sea. “The U.S. is in top position on basically …

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U.S. Natgas Futures Rebound Ahead of March Contract Expiry

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

U.S. natural gas futures gained more than 6% on Monday, ahead of the expiration of the March contract, in a technical rebound following a sharp retreat in the last two sessions. Front-month gas futures were down 7.5% or 12.9 cents to settle at $1.603 per million British thermal units. The March contract is set to …

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U.S. Gas Glut Gets Hedge Funds Ultra Bearish

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

Commentary By John Kemp LONDON, Feb 26 (Reuters) – Portfolio investors have become extremely bearish about the outlook for U.S. gas prices, even though prices have already fallen to their lowest level in real terms since futures began trading in 1990. Hedge funds and other money managers sold the equivalent of 399 billion cubic feet …

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Platts Says Adding Midland to Brent Has Gone Well, No Need for More

Conventional Energy, Latest, Oil / By mark

(Reuters) – Commodities pricing agency Platts said on Monday its addition of U.S. WTI Midland crude into the global Brent oil benchmark has gone well, and it won’t be necessary to add any further crudes for the time being. Platts, part of S&P Global Commodity Insights, added Midland to its dated Brent price assessment in …

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Denmark Drops Nord Stream Blast Probe Without Criminal Case

CDN and International News, Energy Topics & Technology, Latest, Pipelines / By mark

Decision follows similar move in Sweden earlier this month Authorities had concluded ‘deliberate sabotage’ took place Denmark gave up on an investigation into the explosions that in 2022 ruptured the Nord Stream natural gas pipelines just outside its territorial waters, following a similar decision in neighboring Sweden earlier this month. Danish authorities concluded there was …

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Qatar Has Eyes on More Long-Term Deals as It Bets Big on LNG

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

Producer is planning major capacity expansion by end of decade Nation is looking to secure more deals in Asia and Europe LNG exports are Qatar’s biggest revenue earner. Qatar is seeking more gas deals in Europe and Asia in a bet demand will continue to grow as it embarks on a new multibillion-dollar project to …

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Goldman Sachs Lifts its Brent Summer Peak Forecast to $87 a Barrel

CDN and International News, Conventional Energy, Latest, Oil / By mark

Goldman Sachs raised its summer 2024 Brent peak forecast by $2 a barrel to $87 as disruptions in the Red Sea contribute to modestly larger-than-expected draws in OECD commercial stocks, the bank said in a note dated Sunday. “OECD commercial stocks on land have drawn somewhat faster than expected as the redirection of flows away …

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