Conventional Energy

Auto Added by WPeMatico

EU Official Says Biden Pause on U.S. LNG Exports Will Not Hit Supply Short-term

Conventional Energy, Latest, LNG / By

WASHINGTON, Feb 13 (Reuters) – President Joe Biden’s decision to pause approvals of new exports of liquefied natural gas will have no affect on U.S. supplies to Europe over the next two or three years, a European Commission official said on Tuesday after meeting U.S. officials. “What was of course very important for me, was reassurance …

EU Official Says Biden Pause on U.S. LNG Exports Will Not Hit Supply Short-term Read More »

U.S. Natgas Prices Fall 5% to 3-1/2-Year Low on Mild Winter Weather

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures fell about 5% on Tuesday to a fresh 3-1/2-year low on near-record output, ample amounts of fuel in storage and forecasts for warmer weather and less heating demand next week than previously expected. Traders also noted that gas flows to U.S. liquefied natural gas (LNG) export plants should remain low so …

U.S. Natgas Prices Fall 5% to 3-1/2-Year Low on Mild Winter Weather Read More »

Chesapeake Energy Signs LNG Export Deal with Gunvor, Delfin

Conventional Energy, Latest, LNG, US News / By

Reuters Feb 13 (Reuters) – Chesapeake Energy  has entered a long-term liquefied natural gas (LNG) export deal with Delfin LNG and global energy trader Gunvor Group, the U.S. natural gas producer said on Tuesday. Chesapeake, which has agreed to acquire smaller rival Southwestern Energy in a $7.4 deal billion, will buy about 0.5 million tonnes (mtpa) …

Chesapeake Energy Signs LNG Export Deal with Gunvor, Delfin Read More »

Halting American Natural Gas is a Dangerous Political Dance

Conventional Energy, Latest, LNG, Natural Gas, US News / By

Tim Tarpley On March 25, 2022, President Joe Biden and European Commission President Ursula von der Leyen stood together and pledged to work together to lay the framework for a significant increase in U.S. liquefied natural gas, or LNG, to be imported into the European Union. This decision was vital in helping the European Union’s economies and …

Halting American Natural Gas is a Dangerous Political Dance Read More »

New Texas Fossil-Fuel Power Plant Planned to Shore Up Shaky Grid

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

A new, natural gas-fired power plant is planned for central Texas that will bolster the Lone Star State’s electricity grid while threatening to slow any transition away from fossil fuels. Sandow Lakes Energy Company LLC will construct a 1.2-gigawatt facility about 60 miles (97 kilometers) east of the capital Austin, on the site of a former Alcoa Corp. aluminum smelter. …

New Texas Fossil-Fuel Power Plant Planned to Shore Up Shaky Grid Read More »

Oil & Gas Deals Are Powering the Global M&A Engine

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

Bloomberg Drilling for deals The oil and gas sector has been one of the few in which you haven’t had to drill too deep for good M&A news during the global deals slump. Whether you’re looking over three, six or 12-month periods, year-on-year increases in the values of transactions involving oil and gas companies look …

Oil & Gas Deals Are Powering the Global M&A Engine Read More »

Diamondback Vows Slow Growth, Fewer Rigs After Endeavor Deal

Conventional Energy, Latest, Oil, US News / By

Investors are not very interested in growing output, CFO says Combined company will operate fewer rigs but more efficiently Diamondback Energy Inc. will borrow a page from the shale-consolidation playbook by cutting drilling rigs after its acquisition of rival Endeavor Energy Resources LP, a move that will help satisfy investors who prefer payouts over production growth. The explorers, …

Diamondback Vows Slow Growth, Fewer Rigs After Endeavor Deal Read More »

Why Endeavor Energy’s Founder Sold his Company after Years of Rebuffing Offers

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

(Reuters) – For years, Endeavor Energy founder Autry Stephens’ refusal to entertain acquisition offers for one of the most lucrative producers in the U.S. oil patch vexed some of his peers. “It’s not for sale, it hasn’t been for sale, it’s probably not going to ever sell,” Pioneer Natural Resources’  former CEO Scott Sheffield, a contemporary …

Why Endeavor Energy’s Founder Sold his Company after Years of Rebuffing Offers Read More »

Investors Dump Oil After U.S. Refinery Shutdown: John Kemp

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

Portfolio investors abandoned hope for an early rally in crude prices after a site-wide electricity failure caused an unexpected shutdown in production at BP’s refinery at Whiting in Indiana on Feb. 1. The refinery is the largest in the U.S. Midwest and processes more than 400,000 barrels per day, so the extended closure for safety …

Investors Dump Oil After U.S. Refinery Shutdown: John Kemp Read More »

Subscribe
Subscribe