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An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as …
Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017 Read More »
Praising Occidental’s voluminous production and contribution to energy security simply reminds investors of the industry’s decade of excess. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. Not to say Warren Buffett’s …
Commentary: Buffett Could Simply Say He’s Betting Oil Prices Go Up Read More »
Six groups join American Petroleum Institute to seek hearing Move comes as Qatar announces plans for major new LNG project Top oil industry lobbying groups set the stage for a potential lawsuit challenging the Biden administration’s pause in approving new liquefied natural gas exports. In a petition filed Monday with the Energy Department, the American Petroleum Institute and six other groups …
Oil Heavyweights Take Aim at Biden’s LNG Permitting Freeze Read More »
Australia’s top producer continues to study projects and M&A US pause on export project approvals is ‘concerning signal’ Woodside Energy Group Ltd., Australia’s top liquefied natural gas exporter, expects consumption of the fuel to rise 50% over the next decade, pushing the supplier to consider further expansions. “We’re seeing signs of that demand growth …
LNG Demand Will Surge 50% in Next Decade, Woodside CEO Says Read More »
Summary Russia to ban gasoline exports from March 1 PM Mishustin has approved the ban Gasoline prices are sensitive ahead of election MOSCOW, Feb 27 (Reuters) – Russia on Tuesday ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid rising demand from consumers and farmers and to allow for …
Russia Bans Gasoline Exports for 6 Months From March 1 Read More »
(Reuters) – Oil prices were largely stable on Tuesday, as investors weighed up signals of a Gaza ceasefire against the reality on the ground in the Middle East. Brent crude futures fell 10 cents, or 0.12%, to $82.43 a barrel by 0923 GMT, while U.S. West Texas Intermediate crude futures (WTI) were down 7 cents, …
Oil Prices Steady as Investors Weigh up Gaza Ceasefire Signals Read More »
Qatar’s planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts say. Qatar, one of the world’s top LNG exporters, plans an 85% expansion in …
Qatar’s New LNG Expansion Plans to Squeeze Out US, Other Rivals Read More »
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 …
U.S. Takes Lead as Top Supplier to Europe for Crude, Diesel and LNG Read More »
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 …
U.S. Natgas Futures Rebound Ahead of March Contract Expiry Read More »
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 …
