Kinder Morgan said on Wednesday it continues to have a bullish outlook for natural gas demand banking on higher demand from liquefied natural gas (LNG) export facilities and increased exports to Mexico. The United States was the largest exporter of LNG in 2023, with 8.6 million metric tons leaving the country’s terminals in December. The …
Kinder Morgan Remains Bullish on Natural Gas Demand Growth Read More »
The amount of natural gas flowing to the seven big U.S. liquefied natural gas (LNG) export plants has fallen by around 6% so far in January from a record high in December due mostly to the slow return of feedgas from last week’s Arctic freeze. Energy analysts also pointed to recent problems at Freeport LNG’s …
U.S. LNG Feedgas Slow to Return After Arctic Freeze, Problems at Freeport LNG Read More »
The Biden administration is delaying a decision on a Louisiana liquefied natural gas (LNG) export project that would be the United States’ largest, but which has raised the ire of environmentalists, the New York Times reported on Wednesday. Venture Global LNG’s Calcasieu Pass 2 (CP2) project is twice the size of the company’s present CP …
White House Pauses Decision on Louisiana LNG Export Terminal Read More »
U.S. crude oil stockpiles slumped while gasoline inventories jumped last week after winter weather hit crude production and imports, refining, and demand for fuel, the Energy Information Administration said on Wednesday. Crude inventories fell by 9.2 million barrels to 420.7 million barrels in the week ending Jan. 19, the EIA said, compared with analysts’ expectations …
U.S. Crude Stockpiles Slump, Gasoline Builds Amid Winter Storms – EIA Read More »
Trans Mountain Corp will begin line fill in February on its long-delayed Canadian oil pipeline expansion and expects it to be in service in the second quarter, a company executive said on Wednesday. The C$30.9-billion ($23.05 billion) expansion will nearly triple the flow of crude on Trans Mountain from Alberta to Canada’s Pacific Coast but …
Canada’s Trans Mountain Pipeline to Start up in Second Quarter Read More »
Wind turbines when it’s -30°C: Courtesy of GIPHY Consumers in wealthy nations have come to expect a perfectly reliable supply of electricity. Anything less feels almost unimaginable. However, with much of Canada and US, currently experiencing a cold snap often referred to as “winter”, how are electricity and grid operators adapting to keep the heat …
Electricity in the Depths of Winter – ENERGYminute Read More »
Fourth-quarter highlights IET orders of $3,030 million, the fifth consecutive quarter above $3 billion. Net income attributable to the Company of $439 million, up $257 million year-over-year. GAAP diluted EPS of $0.43 and adjusted diluted EPS* of $0.51. Adjusted EBITDA* of $1,091 million, above $1 billion for the first time in company history. Cash flows …
Baker Hughes Announces Fourth-Quarter and Full-Year 2023 Results Read More »
(GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today announced that Jeremy Humphers, Senior Vice President and Chief Accounting Officer, is retiring from the company. Mr. Humphers will step down from his current role effective March 8, 2024. John Sherrer will succeed Mr. Humphers as Vice President, Accounting & Controller and will be designated as …
Devon Energy Announces Chief Accounting Officer Retirement and Officer Appointment Read More »
Gas producer’s debt load threatens dividend, Snowcap says Snowcap faults environmental, asset-retirement practices Diversified Energy Co., the largest owner of US oil and natural gas wells, is being targeted by a short seller claiming the company may not have enough money to meet obligations to plug inactive wells. Snowcap Research, a London-based activist investor focused …
Diversified Energy Faces Short-Seller Attack From ESG-Focused Snowcap Read More »
Reuters U.S. oil refiners are expected to have about 1.9 million barrels per day (bpd) of capacity offline for the week ending Jan. 26, decreasing available refining capacity by 178,000 bpd, research company IIR Energy said on Wednesday. Offline capacity is expected to further fall to 1.58 million bpd in the week ending Feb. 2, …
US Oil Refiners’ Weekly Capacity Seen Down 178,000 Bpd -IIR Read More »
