One Equity Partners Completes Acquisition of EthosEnergy
Private-equity firm One Equity Partners said it purchased EthosEnergy to meet the growing maintenance needs of the gas power market.
US Oil Executives Expect Faster Permitting Under Trump, Says Dallas Fed
(Reuters) – U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday. The overall outlook brightened and activity levels increased while uncertainty declined in the final quarter of 2024, according to a December survey of 134 energy …
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Sintana Reports Two Discoveries Offshore Namibia
Sintana Energy Inc. said the Mopane-2A well found gas condensate in one reservoir and light oil in a smaller one.
Equinor Secures $3B in Financing for New York’s Empire Wind 1
Equinor’s 810-megawatt Empire Wind 1, which is scheduled to begin commercial operations in 2027, has accumulated the equivalent of about $5 billion in capital investments for the offshore New York project.
COMMENTARY: Solar and Wind Power Make Electricity More Expensive – That’s a Fact
As a new year dawns and winter takes hold, it’s worth considering the cost of energy. After a meeting in Italy last spring, the G7 countries (including Canada) pledged to triple renewable energy sources (e.g. wind, solar) globally to ensure an “affordable” energy future. But while direct costs for wind and solar are dropping, they remain expensive due …
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FERC Closes Out ’24 with Rulings to Boost LNG Supply
A trio of Federal Energy Regulatory Commission authorizations in the latter half of December allowed new LNG trains to begin operations or boosted gas supplies to the facilities.
Microseismic Tech Breaks New Ground in CO2 Storage
Microseismic technology proved its value in unconventional wells, and new applications could enable monitoring of sequestered CO2 and facilitate geothermal energy extraction.
Oil Prices Rise on China Optimism as Investors Return After Holiday
Summary • Weaker than expected Chinese data raises hopes of further stimulus • Volumes remain thin on first trading day of the year • Investors await US manufacturing data and oil inventories (Reuters) – Oil prices rose on Thursday as investors returned for the first trading day of the new year with an optimistic eye …
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LNG Exports Grow at Slowest Pace Since 2015, Data Shows
Delays to US projects, sanctions against Russia curbed supply Exports set to rise in 2025 on new exports from the US, Canada Global liquefied natural gas exports grew at the slowest pace since 2015, threatening to keep prices elevated until new supply comes online to meet rising demand. Annual LNG shipments are set to rise …
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Russian Gas Era in Europe Ends as Ukraine Stops Transit
Summary • War ends Russia’s dominance of gas supply to Europe • Norway, US, Qatar replace Russian gas • Loss of Russian gas undermined EU’s competitiveness • Slovakia, Austria have alternative supplies • Heating, hot water cut off in breakaway Moldovan region (Reuters) – Russian gas exports via Soviet-era pipelines running through Ukraine came to …
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