Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space
Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.
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U.S. Natgas Flows to Freeport LNG in Texas Seen at 16-week High, LSEG Data Shows
Natural gas flowing to Freeport LNG’s export plant in Texas was on track to hit a 16-week high on Thursday, LSEG data showed, in what energy traders said was a sign it could return to full power soon. The startup and shutdown of Freeport and other U.S. liquefied natural gas (LNG) export plants often has …
U.S. Natgas Flows to Freeport LNG in Texas Seen at 16-week High, LSEG Data Shows Read More »
Energy Transfer Eyes Draft Environmental Statement for Blue Marlin Project This Quarter
Energy Transfer is among several firms vying to build deepwater ports along the Texas Gulf Coast.
Trump Presidency Is Next Worry for Battered U.S. Wind Sector
The candidate’s vocal disdain for wind farms is another worry for developers, who’ve faced high costs and supply-chain woes. Companies racing to build multibillion-dollar wind farms in US waters are already contending with surging borrowing costs, supply-chain woes and project pullbacks. Now, they’ve got a new worry: Donald Trump. The former US president and presumptive Republican nominee …
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Trump Woos Oil CEOs, Promises to Roll Back Biden Rules on EVs, LNG
Republican president candidate Donald Trump courted the CEOs of Venture Global, Cheniere Energy as well as representatives from Chevron, Continental Resources, Exxon and Occidental Petroleum, the Washington Post reported.
Oil’s Fragile Outlook Spells Weaker Prices in 2025
Oil’s Fragile Outlook Spells Weaker Prices in 2025 Demand growth is set to cool and will be more than satisfied by a surge in supply. Bloomberg The emerging outlook for global oil markets next year suggests prices are set to come under pressure. In the past few weeks, forecasters such as the International Energy Agency have rolled out initial …
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Barclays Faces Investor Pressure to Halt Fracking Finance
Church of England is among shareholders pressing UK bank ‘Stop funding this damaging and dangerous fuel’: ShareAction A group of 24 institutional investors with a combined $1.2 trillion of assets wants Barclays Plc to stop financing fracking, and argued a recent pledge by the British bank to restrict financing for companies that focus exclusively on fossil-fuel exploration …
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Midstream Space Is Ripe for More M&A, Energy Transfer Says
Bllomberg Pipeline operator Energy Transfer LP says it intends to fully evaluate opportunities for mergers and acquisitions. Since last year, there has been a wave of acquisitions among US oil and gas producers as they seek to cut costs and line up new well sites. Though most of the deals have been between drillers, the pipeline sector …
Midstream Space Is Ripe for More M&A, Energy Transfer Says Read More »
Bear Market for Diesel Spells Fresh Troubles for Oil
(Reuters) – Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure. The lower refining margins for diesel, one of the world’s key industrial and transport fuels, have already prompted some refiners …
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Canada’s Pipeline Squeeze Set to Return Despite Trans Mountain Start-Pp
(Reuters) – As Canada’s oil industry celebrates the start of the Trans Mountain pipeline expansion (TMX), some company executives and analysts are already warning that long-term production growth plans will depend on new takeaway capacity becoming available. TMX, which started commercial operations last week after years of delays, will ship an extra 590,0000 barrels per day (bpd) of …
Canada’s Pipeline Squeeze Set to Return Despite Trans Mountain Start-Pp Read More »