By Archie Hunter Gas, power and LNG are set to eclipse oil as the biggest driver of commodity trading profits, according to research from McKinsey & Co Inc. “In the last two years they’ve been almost parallel and we definitely see stronger fundamental growth prospects on the power, gas and LNG side going forward,” said …
Gas, Power and LNG Trading Profits to Eclipse Oil, McKinsey Says Read More »
Last week, traders of WTI crude, for the fourth consecutive week, decreased their net long positions by reducing their long positions while adding to their short positions.
By Grant Smith The International Energy Agency, the west’s energy watchdog, is considering reviving one of its long-term energy demand scenarios after criticism from US Republican leaders. The IEA’s decision in 2020 to exclude the so-called Current Policies Scenario from its reports prompted accusations that the agency was letting its commitment to net zero climate …
IEA Considers Reviving Dropped Energy Scenario After US Backlash Read More »
The sale of National Grid Renewables to Brookfield comes as the utility continues efforts to streamline its business and focus on networks.
Ahmed Moghal is taking over as CFO of Baker Hughes following Nancy Buese’s departure from the position.
Houston American Energy Corp. (HUSA) is acquiring renewable fuels producer Abundia Global Impact Group (AGIG), the companies announced Feb. 24.
(Reuters) – U.S. natural gas futures fell more than 5% on Monday, dragged down by forecasts of milder weather and lower heating demand next week than previously anticipated. Front-month gas futures for March delivery on the New York Mercantile Exchange were down 30 cents, or 7.1%, at $3.93 per million British thermal units (mmBtu) at …
US Natural Gas Prices Fall More Than 5% on Milder Weather Forecasts Read More »
(Reuters) – Chevron said on Monday it would reorganize some of its business structures and reshuffle the leadership team, the latest move by the U.S. energy major to simplify its operations. The company has said it would lay off up to 20% of its global workforce by the end of 2026, as it navigates cost …
Chevron Reorganizes Business Structure, Reshuffles Leadership Read More »
HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) today announced senior leadership changes as part of the company’s efforts to simplify its organizational structure, execute faster and more effectively, and be positioned for stronger long-term competitiveness. The company’s Oil, Products & Gas organization will be consolidated into two segments: Upstream and Downstream, Midstream & Chemicals. Mark Nelson will continue …
(Reuters) – Exxon Mobil’s Australian unit will invest nearly $200 million in the Kipper 1B gas project, alongside its partners Mitsu and Woodside Energy the U.S. oil major said on the company website on Monday. The Australian Competition & Consumer Commission has warned that the east coast could face a gas supply shortage from 2027, …
Exxon’s Australian Unit, Partners to Invest Nearly $200 million in Gas Project Read More »
