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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 »
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 »
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 »
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 »
The tech sector’s weight in the S&P 500 is roughly eight times that of energy, a gap wider than at the height of the dot-com bubble. 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 …
Big Oil Is the Magnificent Seven’s Hedge-in-Waiting Read More »
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 »
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 »
(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 »
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 »
Two coal-fired plants are crucial to company’s power supplies Utilities under growing pressure to clean up generation fleets Bloombert FirstEnergy Corp. abandoned its 2030 target for slashing greenhouse-gas emissions because coal plants can’t be replaced in time, marking a major about-face in the movement to protect the climate. Utilities across the US have announced a slew …
FirstEnergy Scraps 2030 Climate Goal in Rare Embrace of Coal Read More »
