High Interest Rates a Headwind for the Energy Transition
Persistent high interest rates will make transitioning to a net zero global economy much harder and more costly, according to Wood Mackenzie Head of Economics Peter Martin.
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Oil Traders Sanguine About Risks From Israel-Iran Conflict: Kemp
Petroleum prices have fallen following Iran’s missile and drone assault on Israel, confounding expectations that the escalation of the shadow war would cause them to rise. Like major industrial accidents, extreme moves in oil prices, spikes or slumps, are always the product of multiple factors rather than a single cause. Spikes usually occur when the …
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Matador Resources Announces Quarterly Cash Dividend
Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
EQT Declares Quarterly Dividend
EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.
U.S. Natgas Prices Up 3% Ahead of Storage Report as LNG Feedgas Rises
U.S. natural gas futures climbed about 3% on Thursday on forecasts for cooler weather and more demand next week than previously expected and with an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants, including Freeport LNG. That price rise also came ahead of a federal storage report expected to …
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Scotland Ditches 2030 Climate Target to Cut Emissions by 75%
Scotland was constrained by cuts to the capital funding it receives from the British government and an overall weakening of climate ambition by British Prime Minister Rishi Sunak, said Mairi McAllan, the net zero secretary for Scotland’s devolved government.
Iraq to Seek Bids for Oil, Gas Contracts April 27
Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
BP Reshapes Its Leadership Team as Some Executives Leave
New CEO Auchincloss seeks to simplify BP’s corporate structure Retiring gas and power chief Dotzenrath is replace by Lin BP Plc restructured its top management as the departure of some executives allowed new Chief Executive Officer Murray Auchincloss to put his mark on the oil and gas giant. The executive leadership team will be reduced to 10 members …
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Kinder Morgan Meets Profit Estimates, Sees New Demand from AI Operations
(Reuters) – Pipeline and terminal operator Kinder Morgan on Wednesday reaffirmed its annual profit outlook and said it expects demand for natural gas to grow substantially between now and 2030. The company, which operates about 79,000 miles of pipelines, said it is banking on growth in electric demand primarily driven by demand from new and expanding …
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BIden Politics: White House Renews Internal Talks on Invoking “Climate Emergency” During Election Year
Youth activists push Biden for move ahead of November election Emergency proclamation could be used to halt exports, drilling White House officials have renewed discussions about potentially declaring a national climate emergency, an unprecedented step that could unlock federal powers to stifle oil development. Top advisers to President Joe Biden have recently resumed talks about the merits of …