High Court Hears Potentially Influential Uinta Basin Case
U.S. Supreme Court justices heard arguments over a Utah railroad that could have big implications for the energy sector’s adherence to environmental requirements.
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Uinta’s Scout Energy Likely Not for Sale as Takeaway to Gulf Rises
Despite the Uinta Basin’s recent flurry of M&A activity, Scout Energy Partners isn’t looking to sell anytime soon, said the company’s Executive Vice President Juan Nevarez at Hart Energy’s Executive Oil Conference.
Exxon: Longer Laterals, Cube Well Design Lowering Permian Costs
Exxon Mobil is boosting spending to grow global oil and gas production by 18% by 2030. U.S. rival Chevron Corp. recently said it’s cutting spending in favor of free cash flow.
New Fortress Lands Agreement for LNG Platform Offshore Egypt
New Fortress Energy said the Energos Eskimo floating storage and regasification unit will begin operations in the summer of 2025.
Energy Vault, RackScale Partner to Scale Up Data Centers by 2 GW
The Energy Vault-RackScale Data Centers partnership emerges as hyperscalers continue to lock in electricity, including from renewables and energy storage systems, to meet growing power needs.
TotalEnergies Plans 300 MW Renewable Projects in Oman
Wind and solar power will be supplied to Petroleum Development Oman, aligning with TotalEnergies’ multi-energy strategy in the country.
SLB to Manage Construction of Deepwater Wells for Petrobras
SLB will work off nine ultra-deepwater rigs to oversee the construction of deepwater wells as part of the $800 million, three-year deal with Petrobras.
ExxonMobil announces plans to 2030 that build on its unique advantages
Expects to deliver growth potential of $20 billion in earnings and $30 billion in cash flow1 Key elements of ExxonMobil’s 2030 plan: Increasing Pioneer acquisition average annual synergies by over 50% to more than $3 billion2 Growing new business earnings potential to $3 billion3 Adding $7 billion more in structural cost savings vs. 3Q2024 Increasing …
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US Natgas Prices Climb 4% to One-Week High on Colder Forecasts, Rising LNG Feedgas
U.S. natural gas futures climbed about 4% to a one-week high on Wednesday on forecasts for colder weather and higher heating demand than previously expected and an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants. Front-month gas futures for January delivery on the New York Mercantile Exchange rose 11.9 …
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US Hydrogen Concerns Linger as Next Administration Nears White House
BP, EDP Renewables, Inpex and Plug Power executives discuss the state of hydrogen and the hydrogen production tax credit.