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Oilfield-service costs for US shale drillers are expected to rebound in 2025, clawing back some of this year’s drop, as explorers expand the hunt for natural gas and extend sideways wells, according to industry consultant Enverus. This year’s reduction in drilling and fracking, combined with the push to max out efficiencies, are seen lowering per-well …
Shale-Production Costs Seen Rising 2.8% in 2025, Enverus Says Read More »
Summary New PM Ishiba waters down tone against nuclear power in Japan Japan to continue with nuclear power plant restarts, new METI minister Muto says Japan to use renewable energy to its maximum, METI minister says (Reuters) – Japan plans to continue safely restarting nuclear power plants and will use as much renewable energy as …
Japan to Keep Nuclear, Boost Renewables in its Energy Mix, New Industry Minister Says Read More »
(Reuters) – The Kremlin said on Wednesday it could not confirm a report that Russia’s energy minister had put forward a proposal to nationalize the energy sector. Russian authorities have repeatedly said they have no plans to de-privatize large companies, including oil and gas producers. On Tuesday, a Telegram channel called EJ, citing unnamed sources, …
Kremlin Says it Cannot Confirm Report on Planned NationaliZation of Energy Companies Read More »
(Reuters) – U.S. shale producer Diamondback Energy raised its third-quarter production forecast on Tuesday to reflect its $26 billion acquisition of Endeavor Energy. The Texas-based company completed its acquisition of Endeavor Energy last month, making it the third-largest oil and gas producer in the top U.S. shale region, the Permian Basin, putting it just behind industry giants Exxon …
Diamondback Energy Raises Third-Quarter Production Forecast Read More »
Summary Minister makes comments hours before OPEC+ committee meets Says many moving factors in short term including geopolitics Comments echo those of Russia’s Novak on Monday Says OPEC+ sacrificed more than other producers (Reuters) – United Arab Emirates Energy Minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a noble job of balancing the oil …
OPEC+ Doing ‘Noble’ Job of Balancing Oil Market, Says UAE Read More »
Summary OPEC+ joint ministerial monitoring committee meets on Wednesday Unlikely to change production agreement, two sources say Compliance with cuts by Iraq and Kazakhstan under scrutiny (Reuters) – An OPEC+ ministerial panel scheduled to meet on Wednesday is unlikely to recommend any changes to policy, allowing the group to start gradually increasing production from December, …
OPEC+ Set to Keep Output Policy Unchanged at Panel Meeting Read More »
EQT Corp said on Tuesday it would lay off about 15% of its workforce as part of an “integration process” following its $14 billion acquisition of Equitrans Midstream. This marks the natural gas producer’s biggest job cut since 2019, when it laid off about 23% of its workforce just months after Toby Rice joined the …
Natgas Producer EQT Corp to Lay Off 15% of Workforce Read More »
Pipeline is moving about 0.3 bcf per day into Transco Permian has long struggled with not enough pipeline capacity Matterhorn Express Pipeline has begun transporting natural gas into Williams Cos.’s Transco pipeline, a long-awaited addition to midstream infrastructure serving the Permian Basin. Matterhorn is moving about 0.3 billion cubic feet per day into Transco, an established pipeline …
Permian Gas Starts Flowing on Matterhorn Pipeline in Texas Read More »
Company delays payout as it seeks agreement with debtholders Second LNG export cargo is heading to Europe, firm says Shares of New Fortress Energy Inc. plunged as much as 16% after the US-based natural gas provider delayed its dividend payment. The company founded by Wes Edens said its previously declared dividend of $0.10 a share will be delayed until it …
LNG Supplier New Fortress Falls After Delaying Dividend Paymen Read More »
(Reuters) – Britain will become the first G7 country to end coal-fired power production on Monday with the closure of its last plant, Uniper’s Ratcliffe-on-Soar in England’s Midlands. It will end over 140 years of coal power in Britain. In 2015 Britain announced plans to close coal plants within the next decade as part of wider …
Britain to Become First G7 Country to End Coal Power as Last Plant Closes Read More »
