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(Reuters) – U.S. natural gas futures jumped about 6% to a 25-month high on Friday as extreme cold over the past couple of weeks cut output by freezing wells and as gas flows to liquefied natural gas (LNG) export plants hit record highs. In addition, traders noted that colder temperatures than normal so far this …
US NatGas Prices Jump 6% to 25-Month High on Frozen Wells, Record LNG Flows Read More »
Summary • Brent and WTI up 1.5% over the week • US crude stocks rose, gasoline and distillates decline -EIA • Kazakhstan pumped record high oil volumes -industry sources Feb 21 (Reuters) – Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over …
Oil Prices Slip but Remain on Track for Weekly Gain on Supply Jitters Read More »
Guyana has previously been more focused on oil production Fertilizer, alumina, data centers all potential uses of gas By Denis Chabrol Exxon Mobil Corp. outlined plans to increase natural gas production from oil-focused Guyana and is considering options to export the fuel to global markets, country manager Alistair Routledge said Wednesday. Exxon’s developments off the …
Exxon Plans to Ramp Up Guyana Gas Output, Sees Potential for Exports Read More »
Drillers are ramping up consolidation as the new administration changes US policy toward fossil fuels. By David Wethe Welcome to our guide to the commodities powering the economy. Today, reporter David Wethe examines how the shale industry is responding to the Trump administration’s enthusiasm for fossil fuels. Appetite for deals in the US shale patch …
Shale Revives Deal-Making Agenda After Trump Changes Course Read More »
Utility says looser rules to spur new plants, pipelines Firm beats 4Q profit estimates, sees data center demand growth By Mark Chediak President Donald Trump’s drive to loosen permitting requirements and speed up the development of energy resources will allow for Southern Co. to expand its natural gas pipeline network and build new gas plants, …
Trump Will Allow for More Gas Pipe Expansion, Southern CEO Says Read More »
Cenovus Energy’s Q4 profit falls due to lower prices, weak refining margins Cenovus’ U.S. refining revenues drop amid required turnaround work Canadian energy sector faces uncertainty with U.S. tariffs on imports Feb 20 (Reuters) – Canadian oil and gas producer Cenovus Energy (CVE.TO) anticipates a return this spring to more normal market conditions in the …
Canada’s Cenovus Energy Profit Falls on Refining Weakness, Lower Oil Prices Read More »
Cheniere wants to take advantage of Trump’s support for LNG Expects to produce up to 90 MTPA of superchilled gas Company’s profits in 2024 fell due to lower LNG prices Feb 20 (Reuters) – U.S. liquefied natural gas exporter Cheniere Energy (LNG.N) plans to aggressively pursue new regulatory permits to expand capacity now that U.S. …
LNG Exporter Cheniere Looking to Expand Under Trump, CEO Says Read More »
(Reuters) – U.S. crude oil stockpiles rose while gasoline and distillate inventories fell last week as seasonal maintenance at refineries led to lower processing, the Energy Information Administration said on Thursday. Crude inventories rose by 4.6 million barrels to 432.5 million barrels in the week ended February 14, the EIA said, compared with analysts’ expectations …
US Crude Stockpiles Rise, Fuel Draws Down Amid Refinery Maintenances, EIA Says Read More »
(Reuters) – Oil transportation and storage company Sentinel Midstream expects to make a final investment decision on its deepwater oil export project off the Texas coast as soon as it receives a U.S. government license, CEO Jeff Ballard told Reuters. The move comes as U.S. President Donald Trump pushes for faster approvals of projects that …
Sentinel Midstream Eyes Final Investment Decision for US Oil Export Project Read More »
North Dakota oil production was estimated to be down between 130,000 and 160,000 barrels per day (bpd) as of Thursday morning due to the recent extreme cold and related operational challenges, the state’s pipeline authority said. Associated wellhead natural gas production was estimated to be down 0.37-0.45 billion cubic feet per day, said Justin Kringstad, …
North Dakota Oil Output Estimated Down up to 160,000 Bpd, State Regulator Says Read More »
