Conventional Energy

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Pipeline Operator Enterprise Products to Buy Pinon Midstream for $950 Mln

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

Pipeline operator Enterprise Products Partners said on Wednesday it will buy smaller peer Pinon Midstream for $950 million in cash to expand its natural gas infrastructure. The oil and gas pipeline industry has seen increased consolidation since last year as U.S. production grows and as problems with permits for new pipelines have made existing operators …

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Enbridge CEO Sees Strong Oil Demand in 2050, With U.S. Supply Growing

Conventional Energy, Latest, Oil, US News / By

More oil usage is fueled by global economic demands, Ebel says North America plays a key role in growing LNG market, CEO says Enbridge Inc. Chief Executive Officer Greg Ebel said oil demand may continue to grow in the decades ahead, putting his company’s internal assumptions among the more bullish forecasters of long-term crude usage. Oil demand by …

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COMMENTARY: Vance Attacks Harris on Energy by Cherry-Picking Facts

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

It’s dishonest to focus on affordability and ignore the risks — and costs — associated with emissions-driven climate change 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. A few days before …

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Brent Likely to Take a Hit From Soft Demand in China, Says Goldman

CDN and International News, Conventional Energy, Latest, Oil / By

Goldman Sachs on Tuesday said it expected Brent crude prices to fall to $68 per barrel by late 2025 if China oil demand remains flat through end of next year. Brent futures were trading around $77 a barrel by 11:46 a.m. EDT (1546 GMT) on Tuesday, while U.S. West Texas Intermediate (WTI) crude was around …

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One Killed After Natural Gas Pipeline Explodes In Louisiana

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

The US Coast Guard is investigating a fatal blast at a natural gas pipeline in Louisiana. A contractor working on a pipeline near South Pass, Louisiana, went missing after an explosion and fire late Saturday, Coast Guard spokesman Ryan Schultz said. Local police found the deceased individual around 10 a.m. local time on Sunday. The …

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One Killed After Natural Gas Pipeline Explodes In Louisiana

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

The US Coast Guard is investigating a fatal blast at a natural gas pipeline in Louisiana. A contractor working on a pipeline near South Pass, Louisiana, went missing after an explosion and fire late Saturday, Coast Guard spokesman Ryan Schultz said. Local police found the deceased individual around 10 a.m. local time on Sunday. The …

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Quantum Capital Seals $1.8 Billion Deal for Caerus Oil and Gas

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

Quantum Capital Group has acquired Caerus Oil and Gas for about $1.8 billion including liabilities. Houston, Texas-based Quantum announced the closing of the deal in a statement on Monday. Bloomberg News reported in June that Quantum would buy the Rocky Mountain energy explorer. It’s doing the deal through portfolio companies QB Energy and Koda Resources. QB Energy is acquiring …

Quantum Capital Seals $1.8 Billion Deal for Caerus Oil and Gas Read More »

Quantum Capital Seals $1.8 Billion Deal for Caerus Oil and Gas

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

Quantum Capital Group has acquired Caerus Oil and Gas for about $1.8 billion including liabilities. Houston, Texas-based Quantum announced the closing of the deal in a statement on Monday. Bloomberg News reported in June that Quantum would buy the Rocky Mountain energy explorer. It’s doing the deal through portfolio companies QB Energy and Koda Resources. QB Energy is acquiring …

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Hess Guyana’s Secret Value Becomes Part of Exxon Arbitration, Sources Say

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

Summary Panel to consider independent appraisal of Hess Guyana Exxon sees Chevron-Hess merger as disguised asset buy, say sources Hess Guyana makes up 70% of Chevron’s $53 bln bid, say analysts Chevron, Hess see appraisal as irrelevant to arbitration case Aug 20 Chevron  last October offered to pay $53 billion for Hess, one of the two biggest deals …

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Hess Guyana’s Secret Value Becomes Part of Exxon Arbitration, Sources Say

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

Summary Panel to consider independent appraisal of Hess Guyana Exxon sees Chevron-Hess merger as disguised asset buy, say sources Hess Guyana makes up 70% of Chevron’s $53 bln bid, say analysts Chevron, Hess see appraisal as irrelevant to arbitration case Aug 20 Chevron  last October offered to pay $53 billion for Hess, one of the two biggest deals …

Hess Guyana’s Secret Value Becomes Part of Exxon Arbitration, Sources Say Read More »

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