Study: Time Running Out for FID on Next Permian NatGas Pipeline
To meet natural gas takeaway demand by 2026, a final investment decision on a new Permian Basin pipeline will be needed before the end of the year, according to Enverus analysis.
Latest
COP29 Host Sees Gas Demand Soar Despite Phase-Out Plans
Azerbaijan has agreed to double gas exports to Europe by 2027 ‘Long list’ of nations asking for gas, deputy minister says Months after the world agreed to transition away from fossil fuels at UN-led climate talks, the demand for natural gas from the host of this year’s COP29 is growing in Europe and elsewhere. Azerbaijan, …
COP29 Host Sees Gas Demand Soar Despite Phase-Out Plans Read More »
New Zealand Set to Scrap Oil, Gas Exploration Ban in Second Half
Government says reversing the ban will bolster energy security Green Party labels the move a backward step for climate aims New Zealand’s government is pressing ahead with plans to lift a ban on offshore petroleum exploration, citing energy security challenges from “rapidly” declining natural gas reserves. Gas is “critical” for the economy during periods of …
New Zealand Set to Scrap Oil, Gas Exploration Ban in Second Half Read More »
Over Half of Aramco Share Sale allocated to Foreign Investors, Sources Say
(Reuters) – Saudi Arabia placed over half of an $11.2 billion share sale in Aramco with foreign investors, two people with knowledge of the matter told Reuters on Saturday. Saudi Arabia has been seeking to lure international investment to pour tens of billions of dollars into projects to diversify away from its reliance on oil. Yet …
Over Half of Aramco Share Sale allocated to Foreign Investors, Sources Say Read More »
Entergy, NextEra to Jointly Develop 4.5 GW of Energy Storage Projects
(Reuters) – Utility firm Entergy and a unit of NextEra Energy on Friday entered into an agreement to develop up to 4.5 gigawatts (GW)of new solar and energy storage projects. The five-year agreement will help Entergy provide renewable energy to more than 3 million customers in Arkansas, Louisiana, Mississippi and Texas, the company said in a statement. …
Entergy, NextEra to Jointly Develop 4.5 GW of Energy Storage Projects Read More »
Berkshire Buys Additional 2.57 Million Shares in Occidental Petroleum, Filing Shows
(Reuters) – Warren Buffett’s Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing. Buffett’s company bought additional shares in Occidental’s common stock for more than $150 million and now owns about 250.6 million shares in the energy producer. Occidental shares closed at $59.48 …
Berkshire Buys Additional 2.57 Million Shares in Occidental Petroleum, Filing Shows Read More »
U.S. Seeks 6 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. issued two solicitations on Friday to buy a total of 6 million barrels of crude oil for the Strategic Petroleum Reserve as the administration of President Joe Biden replenishes the stockpile following a historic sale in 2022. The Department of Energy said the oil is for delivery to the SPR’s Bayou Choctaw site …
U.S. Seeks 6 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
Oil Dips to End the Week on Deflated U.S. Interest Rate Cut Expectations, OPEC+ Decision
Summary US jobs data dampens hope for near-term rate cut ECB rate cut had spurred hopes for similar Fed action OPEC+ may adjust output, Saudi energy minister indicates US oil rig count hits the lowest since January 2022 (Reuters) – Oil prices edged down on Friday and posted a third straight weekly loss as investors …
Oil Dips to End the Week on Deflated U.S. Interest Rate Cut Expectations, OPEC+ Decision Read More »
Exclusive: XCL Increases Production Amidst Lookout for More Inventory
XCL Resources is beginning its journey to acquire Altamont Energy, but in the meantime, the company is refining its operations in the Uinta Basin to find the perfect lateral length.
Petrobras to Reactivate ANSA Fertilizer Plant in Southern Brazil
Brazil’s state-owned Petrobras looks to restart operations at its Araucária Nitrogenados fertilizer plant, located in Brazil’s state of Paraná, in the second-half 2025.