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U.S. Won’t Award Contracts for Louisiana SPR Site Over Oil Price, Energy Department Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

The U.S. Department of Energy on Wednesday said it will not award oil supply contracts for Louisiana’s Bayou Choctaw Strategic Petroleum Reserve (SPR) site in August and September due to high oil prices. “We monitor market dynamics to remain nimble and innovative in our successful replenishment approach to protect this critical national security asset,” said …

U.S. Won’t Award Contracts for Louisiana SPR Site Over Oil Price, Energy Department Says Read More »

BofA Hikes 2024 Oil Forecasts on Tighter Supply, Geopolitical Risks

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

Bank of America (BofA) Global Research has raised its 2024 Brent and WTI oil price forecasts, citing escalating geopolitical tensions and the OPEC+ producer group maintaining supply curbs. The bank now expects Brent and WTI crude prices this year to average $86 and $81 per barrel respectively, with prices of both peaking around $95 per …

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U.S. Natural Gas Demand for LNG Falls as Cheniere Reduces Output

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, US News / By

There was a significant decline on Tuesday in the amount of U.S. natural gas being liquefied for export with a drop in demand from Cheniere Energy’s Corpus Christi plant in Texas and its Sabine Pass operation in Louisiana, according to data from financial firm LSEG. Cheniere is the largest U.S. producer and the world’s second …

U.S. Natural Gas Demand for LNG Falls as Cheniere Reduces Output Read More »

Baker Hughes to Supply Snam with Hydrogen-Ready Technology to Support Decarbonization and Resilience of the Italian Gas Network

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Baker Hughes will supply Snam, a leading European energy infrastructure company, with three turbocompressors driven by NovaLT™12 gas turbine technology, offering fuel flexibility of up to 10% hydrogen blend with natural gas Award marks another significant milestone in the decarbonization of Italy’s gas network infrastructure and builds on the long-standing collaboration between the two companies …

Baker Hughes to Supply Snam with Hydrogen-Ready Technology to Support Decarbonization and Resilience of the Italian Gas Network Read More »

TC Energy appoints Sean O’Donnell as Executive Vice-President and Chief Financial Officer

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Joel Hunter, Executive Vice-President and Chief Financial Officer, to depart TC Energy after over 26 years with the company CALGARY, Alberta, April 03, 2024 (GLOBE NEWSWIRE) — – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that the Board of Directors has appointed Sean O’Donnell, currently Senior …

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COMSTOCK RESOURCES, INC. ANNOUNCES UPSIZE AND PRICING OF $400.0 MILLION OFFERING OF SENIOR NOTES DUE 2029

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FRISCO, TX, April 02, 2024 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (NYSE:CRK) (“Comstock” or the “Company”) announced today the pricing of its private placement of new 6.75% senior unsecured notes due 2029 in the aggregate amount of $400.0 million, which was increased from the originally proposed $375.0 million (the “Notes”). The Notes will be issued …

COMSTOCK RESOURCES, INC. ANNOUNCES UPSIZE AND PRICING OF $400.0 MILLION OFFERING OF SENIOR NOTES DUE 2029 Read More »

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