Expand Lands 5.6-Mile Lateral in the Utica in Five Days
Expand Energy reported its Shannon Fields OHI #3H in northern West Virginia was drilled with just one bit run in some 30,000 ft.
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NextEra CEO: Renewables Offer Cheaper Way to Meet AI Power Demand
Some forms of energy are better positioned to meet electricity needs today from both timing and cost perspectives, NextEra Energy CEO John Ketchum said at CERAWeek by S&P Global.
Trump Says He Will Double Tariffs on Canada Metals to 50%
President Donald Trump on Tuesday doubled his planned tariff on all steel and aluminum products coming into the United States from Canada, bringing the total to 50%, in response to the province of Ontario placing a 25% tariff on electricity coming into the U.S. Trump said in a post on Truth Social he has instructed …
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Mexico’s Pemex Prioritizes Refining as it Diverts Heavy Oil Away From Gulf
(Reuters) – Mexico’s state oil company Pemex expects to continue diverting barrels of heavy crude away from U.S. Gulf Coast refiners as its new Olmeca refinery ramps up processing, the head of the company’s trading arm PMI, Margarita Perez, said on Tuesday. Pemex’s decision to prioritize refining over its traditional export markets began around six …
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Venture Global Flop Swiftly Wipes Out $39 Billion After IPO
Employees and community stakeholders at the Venture Global Plaquemines liquefied natural gas export facility in Port Sulphur, Louisiana.Photographer: Kathleen Flynn/Bloomberg By Bailey Lipschultz The list of companies that have flopped out of the gate when entering public markets has a new king: Venture Global Inc. Shares of the liquefied natural gas exporter have cratered more …
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Oil CEOs Back Trump’s Energy Agenda as Crude Hits Fresh Low
By Kevin Crowley Executives from some of the world’s top oil and gas producers offered full-throated support for President Donald Trump’s “Energy Dominance” on Monday, even as financial markets slumped on broader concerns about his economic agenda. The hallways and sessions on the first day of the annual CERAWeek by S&P Global conference in Houston …
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US Approves Permit Extension for Delfin LNG Export Project
Chris Wright displays a signed order approving an LNG permit extension for the Delfin LNG project.Photographer: F. Carter Smith/Bloomberg By Ari Natter US Energy Secretary Chris Wright extended a permit for a natural gas export project by Delfin LNG LLC. The development off the coast of Louisiana will involve four vessels that’ll produce 13.3 million …
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Oil CEOs Celebrate Trump’s Pivot Back to Fossil Fuels
Executives embrace the administration’s tone at Houston’s CERAWeek conference — but views on prices may cause friction down the line. US Energy Secretary Chris Wright said he wants to reverse what he called a “very poor direction in energy policy.”Photographer: Aaron M. Sprecher/Bloomberg By Will Kennedy Welcome to our guide to the commodities markets powering …
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Archrock to Buy Natural Gas Compression Systems for $357MM
Archrock Inc. will buy privately held Natural Gas Compression Systems Inc. in a cash-and-stock deal that deepens Archrock’s operations in the Permian Basin.
BlackRock CEO: US Headed for More Inflation in Short Term
AI is likely to cause a period of deflation, Larry Fink, founder and CEO of the investment giant BlackRock, said at CERAWeek.