Watch for Falling Gas DUCs: E&Ps Resume Completions at $4 Gas
Drilled but uncompleted (DUC) gas wells that totaled some 500 into September 2024 have declined to 295, according to a J.P. Morgan Securities analysis of Enverus data.
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TransMontaigne Announces Two Facility Sales Totaling $210MM
Two wholly-owned subsidiaries of TransMontaigne Partners LLC have agreed to the sale of terminal facilities in Florida and Virginia.
DC Circuit Denies Rehearing for Williams’ Mid-Atlantic Project
Williams Cos.’ Regional Energy Access will continue operating as the midstream company seeks an emergency FERC certificate to keep supplying natural gas to Pennsylvania, New Jersey and Maryland.
Shell Adds Two Members to Executive Committee
Shell has named Andrew Smith and Machteld de Haan as members of its executive committee, effective April. 1.
Liberty Energy Appoints Arjun Murti to Board
Arjun Murti has over 30 years of experience as an equity research advisor.
ConocoPhillips Takes Over as Sole Operator of Gas Project in Malaysia, Petronas Says
(Reuters) – Malaysia’s Petronas on Thursday said it has officially transferred its contractual right for a cluster of oil and gas fields in the country to a unit of US-based firm ConocoPhillips. The rights relate to the Kebabangan Cluster, a group of oil, condensate, and gas fields in the state of Sabah, Malaysia, which was …
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Freeport LNG Export Plant in Texas on Track to Exit Outage as NatGas Flows Increase
(Reuters) – Natural gas flows to Freeport LNG’s export plant in Texas were set to rise on Thursday after a power problem during a winter storm forced it to shut on Tuesday, data from LSEG and energy traders showed. Freeport is one of the most closely watched LNG export plants in the world because the …
Freeport LNG Export Plant in Texas on Track to Exit Outage as NatGas Flows Increase Read More »
EU Open to US Energy, Arm Sales Talks to Stave Off Tariffs
(Reuters) – The European Union is open to discussing purchases of energy and arms from the United States to ward off tariffs that President Donald Trump has threatened to impose on the bloc, EU’s top economy official said on Thursday. Trump has vowed to address a long-running deficit in goods trade with the EU, either …
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Putin Growing Concerned by Russia’s Economy, as Trump Mulls More Sanctions
(Reuters) – President Vladimir Putin has grown increasingly concerned about distortions in Russia’s wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict, five sources with knowledge of the situation told Reuters. Russia’s economy, driven by exports of oil, gas and minerals, grew robustly over the past two years despite multiple …
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Oil Producer APA Curtails Production in Fourth Quarter
(Reuters) – U.S. shale producer APA Corp said on Wednesday it curtailed about 23,500 barrels of oil equivalent per day of production in the fourth quarter due to weak commodity prices. U.S. natural gas prices collapsed to multi-year lows in 2024, with prices at the Waha hub in the Permian shale basin in West Texas …
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