Auto Added by WPeMatico
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since late June, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell …
U.S. Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes says Read More »
U.S. liquefied natural gas (LNG) company Freeport LNG’s export plant in Texas was on track to return to near full power on Friday after shutting unexpectedly on Wednesday, LSEG data showed. Freeport is one of the most-watched U.S. LNG export plants in the world because it has a history of swaying global gas prices when …
Freeport LNG Plant in Texas Back Near Full Power on Friday, LSEG Data Shows Read More »
Natural gas prices in the Permian shale basin in West Texas have turned negative a record number of times in 2024, including an all-time low for Friday, as pipeline and other constraints trap gas in the nation’s biggest oil-producing basin. Spot gas prices for Friday at the Waha hub in West Texas fell by about …
Natgas Prices at Waha Hub in Texas Fall to Record Low in Negative Territory Read More »
Deals expand ONEOK’s presence in the prolific Permian Basin It’s the latest in a spate of takeovers in the pipeline sector US pipeline operator ONEOK Inc. agreed to buy a Permian Basin rival and a controlling stake in another company in two transactions valued at a combined $5.9 billion. ONEOK will acquire Global Infrastructure Partners’ …
U.S. Pipeline Operator ONEOK Inks Two Deals for $5.9 Billion Read More »
Trump attacked Harris’ earlier stance in gas-rich Pennsylvania Harris’ remarks on oil-extraction method most definitive yet Vice President Kamala Harris said she wouldn’t halt fracking if elected president, reversing her prior opposition to the technique used to produce most US oil and gas today. “As vice president, I did not ban fracking,” Harris said in an interview …
Harris Rules Out Fracking Ban, Threading Needle on Fossil Fuels Read More »
The proposed moves are pending engagement with groups that represent employees Bloomberg News Shell Plc is set to cut around 20 per cent of its workforce in some oil and gas exploration and development divisions as chief executive Wael Sawan works to boost efficiency and profitability. It’s the latest round of cuts following similar moves in …
Shell to Cut 20% of Jobs in Some Oil and Gas divisions Read More »
The Public Utility Commission of Texas selected 17 projects, seeking $5.38 billion in government funding, to advance in a new program aimed at spurring the development of gas-fired power plants, the regulators said on Thursday. The Lone Star State, whose power grid has been plagued with bouts of prolonged blackouts, established the Texas Energy Fund …
Texas Narrows Gas Plant Projects Vying for $5.4 Billion in Funding Read More »
(Reuters) – Oil prices steadied on Friday on track for a weekly gain as Libyan output disruptions and Iraqi plans to curb production raised supply concerns, while data showing the U.S. economy grew faster than initial estimates eased recession fears. Still, signs of weakened demand, particularly in China, limited gains. Brent crude futures for October delivery …
(Reuters) – Oil prices steadied on Thursday, after two losing sessions as supply concerns over Libya returned, while a smaller-than-expected draw in U.S. crude inventories sapped demand expectations. Brent crude futures had edged up 3 cents, or 0.04%, to $78.68 a barrel by 1024 GMT, while U.S. West Texas Intermediate crude futures were up 15 …
Oil Steady as Libyan Supply Woes Counter Modest U.S. Stock Draw Read More »
Crude inventories fell by 846,000 barrels to 425.2 million barrels in the week ended August 23, the Energy Information Administration (EIA) said on Wednesday, compared with analysts’ expectations in a Reuters poll for a 2.3 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 668,000 barrels in the week, the EIA said. …
Crude and Gasoline Stocks fall, Distillates Rise, EIA Data Shows Read More »
