US NatGas Prices Jump 9% to 26-Month High on Record LNG Flows, Canada Tariff Worries
U.S. natural gas futures jumped about 9% to a 26-month high on record flows to LNG export plants and forecasts for higher demand.
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ADNOC, OMV to Merge Petrochemical Firms to Create $60B Giant
The merged entity, Borouge Group International, is set to be the fourth largest polyolefins firm by production capacity, behind China’s Sinopec and CNPC, and U.S.-based Exxon Mobil, ADNOC Downstream CEO Khaled Salmeen told Reuters.
Expand’s Dell’Osso: US LNG Facilities May Fall Below Capacity in ‘26
CEO Nick Dell’Osso said Expand Energy wants to time drilling and completion spending and grow gas output to meet a flush LNG market.
Evolution Buys Non-Op Assets in New Mexico, Texas, Louisiana
Evolution Petroleum said the acquisition adds 254 gross producing wells across three states and includes 440 boe/d of net production.
PEDEVCO Enters Joint Development Agreement with D-J Basin E&P
PEDEVCO Corp.’s agreement with a private equity operator will develop drilling spacing units in the Denver-Julesburg Basin’s Weld County, Colorado.
US Natural Gas Prices Jump about 5% to 26-Month High on Record LNG Flows
U.S. natural gas futures jumped about 5% to a 26-month high on Tuesday on record flows to liquefied natural gas (LNG) export plants and forecasts for higher demand next week than previously expected. Front-month gas futures for April delivery on the New York Mercantile Exchange were up 18.5 cents, or 4.5%, to $4.307 per million …
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Trade Wars Erupt as Trump Hits Canada, Mexico, China With Steep Tariffs, Canada Immediately Retaliates
U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, launching new trade conflicts with the top three U.S. trading partners. The tariff actions, which could upend nearly $2.2 trillion in two-way annual U.S. trade went live …
No Drivers Necessary: Atlas RoboTrucks Haul Proppant, Sans Humans
Atlas Energy Solutions and Kodiak Robotics have teamed up to put two autonomous trucks to work in the Permian Basin. Many more are on the way.
Shell Overhauls Executive Team, Integrated Gas and Upstream Director to Leave
(Reuters) – Shell’s Director of Integrated Gas and Upstream, Zoe Yujnovich, will step down at the end of the month after more than a decade with the oil major, it said on Tuesday. In a move aimed at simplifying its leadership structure, Shell has appointed Cederic Cremers as President of Integrated Gas and Peter Costello …
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South Korea Expressed Interest in Alaska Gas Pipeline Project, Yonhap Says
South Korea, a leading fossil fuel importer, has expressed interest in participating in a $44 billion gas pipeline in Alaska in the form of a joint development between South Korea, the U.S. and Japan, Yonhap News Agency reported on Tuesday. South Korean Industry Minister Ahn Duk-geun indicated interest in joining the Alaska gas project …
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