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Oil and gas production in Texas, Louisiana and New Mexico decreased in the first quarter of 2024, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly survey of energy activity. The survey of executives at 147 energy firms suggested a small decline in production. A natural gas production index also turned negative …
Oil and Gas Production Decreased in the First Quarter – Dallas Fed Read More »
U.S. natural gas storage is on track to end the November-March winter withdrawal season at 2.081 trillion cubic feet (tcf) on March 31, the highest since 2016, according to analysts’ estimates. That compares with 1.850 tcf of gas in storage at the end of the winter withdrawal season in 2023, a record 2.486 tcf at …
U.S. Natgas End-of-Season Storage to Reach 8-Year High in March Read More »
Summary Climate Action 100+ assessed 10 top oil companies Companies ‘alarmingly unprepared’, TPI Centre’s Sharp U.S. companies perform worse than European peers LONDON, March 27 (Reuters) – The current low-carbon transition plans of 10 of Europe’s and North America’s biggest listed oil and gas companies are not good enough to assess the risks involved, the …
Big Oil’s Climate Planning Not Good Enough, Investor Group Says Read More »
(Reuters) – Oil prices fell for a second day, dropping more than 1% on Wednesday on surging U.S. stockpiles and signs that the OPEC+ producer group is unlikely to change its output policy at a technical meeting next week. Brent crude futures for May dropped 97 cents, or 1.12%, to $85.28 a barrel by 0929 …
U.S. natural gas futures held near a one-month low on Tuesday on forecasts for milder weather and less demand over the next two weeks than previously expected, ample gas in storage and as the amount of gas flowing to liquefied natural gas (LNG) export plants remain low. On its last day as the front-month, gas …
U.S. Natgas Prices Little Changed at One-Month Low on Mild Weather Read More »
Bloomberg Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk. The value of private credit deals in the oil and gas industry topped $9 billion in the 24 months through 2023, …
Banks Shying Away From Fossil Fuels Bolster Private Credit Deals Read More »
CALGARY, AB, March 26, 2024 /CNW/ – Enbridge Inc. (“Enbridge”) (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with WhiteWater/I Squared Capital (“WhiteWater/I Squared”) and MPLX LP (“MPLX”) to form a joint-venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing …
Summary Iraq-Turkey pipeline shut since March 2023 Baghdad: around 225,000 bpd being produced without its oversight APIKUR says terms of current contracts must be maintained US encourages restart, State Dept. spokesperson says (Reuters) – Foreign oil firms operating in Iraq’s Kurdistan region are partly to blame for the delay in resuming crude exports after failing …
Iraq, Oil Firms Trade Blame Over Shut Turkey Pipeline Read More »
CALGARY — After more than four years of construction and at least $34 billion in costs, the Trans Mountain pipeline expansion project is nearly complete. Here’s a look at what milestones to expect in the coming weeks as the massive pipeline gets ready to start shipping Canadian oil to the West Coast: Resolution of B.C. …
With Completion in Sight, What’s Next for Canada’s Trans Mountain Pipeline Project? Read More »
March 26 (Reuters) – Enbridge will form a venture with WhiteWater/I Squared Capital and MPLX to operate natural gas pipeline and storage assets connecting Permian Basin supplies to the growing LNG and U.S. Gulf Coast demand, the Canadian pipeline operator said on Tuesday.
