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Dealmakers are bracing for a slowdown in global mergers and acquisitions in the fourth quarter as companies postpone pursuing big targets ahead of the U.S. elections, hoping this will only be a temporary setback before a rebound next year. Deals announced worldwide in 2024 totaled $846.8 billion as of Sept. 25, up 14% from the …
M&A Seen Slowing Ahead of U.S. Elections After Uneven Third Quarter Read More »
Hart-Scott-Rodino Act waiting period has expired Company to be rebranded as Expand Energy and trade on NASDAQ under “EXE” ticker symbol OKLAHOMA CITY and SPRING, Texas, Sept. 26, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced the waiting period in connection with the companies’ pending combination under …
By Reuters (Reuters) – U.S. utilities are finally signing concrete supply deals with data-center operators as the artificial-intelligence wave sparks a surge in power demand, paving the way for higher profits in the coming quarters. Data centers are expected to account for 8% of the power generated in the U.S. by 2030, compared with 3% in …
Microsoft Deal Signals Booming Demand from Data Centers to Power AI Read More »
By Reuters FRANKFURT, Sept 11 (Reuters) – Prices of emissions-free trucks need to fall by as much as half to make them an affordable alternative to diesel models, a study by consultancy firm McKinsey published on Wednesday said, a necessary step to help achieve European Union climate targets. Less than 2% of the EU’s heavy freight …
Emissions-Free Truck Prices Need to Drop by 50% to Compete With Diesel, Study Says Read More »
(Reuters) – U.S. shale oil and gas executives are moving to electric rigs and fracking to reduce diesel emissions but grid infrastructure and cost challenges are hurdles, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly energy survey. The survey of Texas, Louisiana and New Mexico executives also revealed third-quarter oil and …
Oil and Gas Drillers Embrace Electric Rigs, But Grid May Not Be Ready, Says Dallas Fed Read More »
(Reuters) – U.S. oil inventories fell across the board last week, the Energy Information Administration said on Wednesday, drawing down more than expected and with crude oil stockpiles hitting their lowest level in nearly 2-1/2 years. Crude stocks dropped by 4.5 million barrels to 413 million barrels in the week ended Sept. 20, the EIA …
US Oil Inventories Fall More Than Forecast, Crude at 2-1/2-Year Low, EIA Says Read More »
(Reuters) – The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming months. “Oil (is seen) at around $80 per barrel, while for natural gas in Italy we can (expect a price of) 30 euros per megawatt hour,” Claudio Descalzi said on the sidelines …
Eni CEO sees Brent oil price around $80 per barrel in Q4 Read More »
By Alex Lawler and Fabio Teixeira 2045 demand forecast up 3 mln bpd from last year’s outlook OPEC extends forecast to 2050, with demand at 120.1 mln bpd OPEC sees no peak demand, unlike BP and IEA forecasts OPEC calls for $17.4 tln investment in oil industry by 2050 LONDON/RIO DE JANEIRO, Sept 24 (Reuters) …
OPEC Boosts Long-Term Oil Demand Outlook, Driven by Developing World Growth Read More »
By Gary Mcwilliams and Marianna Parraga HOUSTON, Sept 24 (Reuters) – Tropical Storm Helene was expected to turn eastward on its track through the Caribbean and into the Gulf of Mexico, increasing the threat of high winds and heavy rains to Cuba and Florida but lessened the risk to U.S. offshore oil production, forecasters said …
Storm Helene’s Eastward Tack Eases Pressure on Offshore US Oil Read More »
Summary Resurrecting Three Mile Island could take awhile Local opponents hold memories of 1979 incident NRC busy with nuclear power permit requests NEW YORK/WASHINGTON Sept 24 (Reuters) – Constellation Energy and Microsoft plan to restart the Three Mile Island nuclear plant, hoping they have scored a quick source of enough climate-friendly energy to power rapidly …
Not So Fast: U.S. Nuclear Plants Won’t Power up Big Tech’s AI Ambitions Right Away Read More »
