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EQT to Acquire Upstream and Midstream Assets of Olympus Energy for $1.8 Billion

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

(Reuters) – EQT said on Tuesday it plans to acquire the upstream and midstream assets of Olympus Energy in a deal valued at $1.8 billion. The company also beat first-quarter profit estimates on Tuesday, benefiting from higher natural gas prices. The company reported an adjusted profit of $1.18 per share, for the quarter ended March …

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Devon Energy Gains on Plans to Boost Free Cash Flow by $1 Billion

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

** Shares of oil and gas producer Devon Energy rise 3.7% to $30.57 premarket  ** Company says it plans to boost its annual free cash flow by $1 billion by the end of 2026 ** “The $1 billion savings is significantly above our expectations and the $300-$500 million range we think investors anticipated” – RBC …

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Gas Pipeline Billionaire Kinder Dismisses Tariff, AI Concerns

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, US News / By

By Elizabeth Elkin Richard KinderPhotographer: Aaron M. Sprecher/Bloomberg Kinder Morgan Inc. billionaire co-founder Rich Kinder has shrugged off concerns in the US natural gas industry over the impact of tariffs on exports, and that demand forecasts related to artificial intelligence may be too optimistic. Kinder said his company still sees a surge demand from AI …

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Shell to Complete Survey at Venezuela Gas Field as License Wind-Down Approaches

Energy Topics & Technology, Latest, Offshore, US News / By

April 21 (Reuters) – Oil and gas group Shell (SHEL.L) plans to complete a marine survey at Venezuela’s offshore Dragon gas field before a U.S.-set May deadline to wind down all licenses related to energy projects in the country, sources close to the preparations said. Colombia-flagged survey vessel Dona Jose II arrived in U.S.-sanctioned Venezuela …

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Trump Administration Kicks Off Plan for Expanded Offshore Drilling

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

The U.S. Interior Department on Friday said it would begin taking public input for a new five-year offshore oil and gas leasing program that could include new zones in the Arctic and elsewhere to maximize energy development. President Donald Trump has ordered government agencies to identify ways to increase already record high U.S. oil and …

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US Oilfield Services Firms Brace for Earnings as Tariffs Cloud Outlook

Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, OFS-Oilfield Services, Oil / By

Results next week will likely provide a peek into how the world’s top three oilfield services companies are navigating the uncertainty fueled by the on-again, off-again U.S. tariffs, as well as a recent slide in oil prices. President Donald Trump promised to increase U.S. oil and gas production, campaigning on the motto of “drill baby …

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Kinder Morgan Maintains Annual Profit Forecast on Soaring Natgas Demand

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, LNG, Natural Gas, US News / By

By Vallari Srivastava Kinder Morgan narrowly misses first-quarter profit estimates Expects tariffs impact to be roughly 1% of the total project costs Remains bullish on natural gas demand April 16 (Reuters) – U.S. pipeline and terminal operator Kinder Morgan (KMI.N) left its annual profit forecast unchanged on Wednesday, as it continued to bank on demand …

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China Pivots From U.S. to Canada for More Oil as Trade War Worsens

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

Chinese refiners are importing record amounts of Canadian crude after slashing purchases of U.S. oil Chinese refiners are importing record amounts of Canadian crude after slashing purchases of United States oil by roughly 90 per cent amid escalating trade tensions. A pipeline expansion in Western Canada that opened less than a year ago has presented …

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