(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, remained at 589 in the week …
US Drillers Keep Oil and Natgas Rigs Unchanged for Second Week – Baker Hughes Read More »
U.S. natural gas futures jumped about 5% to a 23-month high on Friday on early forecasts for much colder weather in mid-January that could freeze oil and gas wells and lift spot prices by reducing output as in past years. Also supporting prices was an increase in the amount of gas flowing to liquefied natural …
US Natgas Prices Jump 5% to 23-Month High on Cold Forecasts, Rising LNG Feedgas Read More »
Venture Global LNG filed initial paperwork for an IPO on Dec. 20, about a week after the company’s Plaquemines LNG facility started production.
(Reuters) – U.S. data center power demand could nearly triple in the next three years, and consume as much as 12% of the country’s electricity, as the industry undergoes an artificial-intelligence transformation, according to an unpublished Department of Energy-backed report seen by Reuters. The Lawrence Berkeley National Laboratory report, which is expected to be released …
US Data-Center Power Use Could Nearly Triple by 2028, DOE-Backed Report Says Read More »
(Reuters) – Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company’s future profits and contributions to the economy. The worries, according to interviews with workers, ex-employees, a former board member and analysts, come ahead …
Turmoil at Colombia’s Ecopetrol Raises Profit Fears Ahead of US Investment Decision Read More »
Here is a look at some of this week’s renewable energy news, including billions of dollars in loan awards from the U.S. Department of Energy.
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, according to people familiar with the matter.
STEP Energy Services has terminated its agreement with ARC Energy Fund 8 to go private in an all-cash transaction for CA$5 per share.
Enbridge estimates 1,650 bbl have leaked from its Line 6 before repair, an incident that has given fodder to opponents of another Enbridge project.
U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row.
