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Results next week will likely provide a peek into how the world’s top three oilfield services companies are navigating the uncertainty fueled by the on-again, off-again U.S. tariffs, as well as a recent slide in oil prices. President Donald Trump promised to increase U.S. oil and gas production, campaigning on the motto of “drill baby …
US Oilfield Services Firms Brace for Earnings as Tariffs Cloud Outlook Read More »
*U.S. shale drillers slowing activity *IEA lowers US oil production forecasts for 2025 *Companies will likely delay new large project approvals By Ron Bousso LONDON, April 17 – Nimble U.S. oil producers are responding quickly to the economic turmoil sparked by President Donald Trump’s trade war by slowing down drilling activity, while larger companies are …
Trade Turmoil’s Oil Market Bite is Already Leaving Lasting Scars: Bousso Read More »
By Vallari Srivastava Kinder Morgan narrowly misses first-quarter profit estimates Expects tariffs impact to be roughly 1% of the total project costs Remains bullish on natural gas demand April 16 (Reuters) – U.S. pipeline and terminal operator Kinder Morgan (KMI.N) left its annual profit forecast unchanged on Wednesday, as it continued to bank on demand …
Kinder Morgan Maintains Annual Profit Forecast on Soaring Natgas Demand Read More »
By Scott Disavino Output to peak at 119.0 bcfd in 2032 vs 103.6 bcfd record high in 2023 Demand to peak at 92.4 bcfd in 2032 vs 90.5 bcfd record in 2024 LNG exports to peak at 26.8 bcfd in 2040 vs 11.9 bcfd record in 2024 April 15 (Reuters) – U.S. natural gas output …
US Natgas Output and Demand to Peak in 2032, EIA Says Read More »
South Korea’s vice industry minister Choe Nam-ho is planning to travel soon to Alaska as part of working-level negotiations between the United States and South Korea over Alaska’s liquefied natural gas (LNG) project, Yonhap news agency reported on Tuesday. Still, no decision has been made on whether South Korea will join the project and whether …
South Korea Vice Minister to Travel to Alaska for Gas Project Talks, Yonhap Says Read More »
(Reuters) – U.S. natural gas futures fell about 6% to a nine-week low on Monday on record output over the weekend and forecasts for less demand next week than previously expected. Gas futures for May delivery on the New York Mercantile Exchange fell 20.2 cents, or 5.7%, to settle at $3.325 per million British thermal …
US Natgas Prices Drop 6% to 9-Week Low on Record Output, Lower Demand Read More »
By America Hernandez, Riham Alkousaa and Marwa Rashad French, German firms open to modest return of Gazprom’s gas Trump has made US LNG a politically loaded commodity EU aims to quit Russian gas by 2027, has no detailed plan on how Arbitrations against Gazprom complicate supply resumption PARIS/BERLIN, April 14 (Reuters) – More than three …
Back to Russian Gas? Trump-Wary EU Has Energy Security Dilemma Read More »
NICOSIA, April 14 (Reuters) – An exploration drill by ExxonMobil (XOM.N) offshore Cyprus has failed to find commercial quantities of natural gas, the island’s energy ministry said on Monday. Drilling operations had been completed at the Elektra-1 well in Block 5 of the exclusive economic zone (EEZ) of Cyprus, it said. “Well data and preliminary …
ExxonMobil Drill Off Cyprus Fails to Find Gas in Commercial Amounts-Ministry Read More »
(Reuters) – The European Commission will announce a more detailed strategy to phase out Russian oil and gas imports next month, it said on Monday, after twice delaying the plan. The EU has pledged to quit Russian fossil fuels by 2027 in response to Moscow’s 2022 invasion of Ukraine, but the Commission has delayed publishing …
EU Plan to End Russian Oil and Gas Imports Due Out in May Read More »
TC Energy said late last week it had completed repairs to a section of the ANR Pipeline system shut down near Fennville, Michigan, because of a leak, causing a natural gas outage in the region. “Natural gas service has now been restored to Michigan Gas Utilities, the local distribution company,” the company said in a statement …
TC Energy Completes Pipeline Repairs in Michigan Following Gas Leak Read More »
