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President Donald Trump vowed to complete the long-stalled Constitution Pipeline that would transport natural gas to New York, saying it could slash energy prices in northeastern US states by as much as 70%. “We are going to get this done, and once we start construction, we’re looking at anywhere from nine to 12 months, if you …
Trump Vows Completion of Constitution Pipeline For New Yorkers Read More »
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by two …
US Drillers Add Oil and Gas Rigs for Third Week in a Row – Baker Hughes Read More »
(Reuters) – Exports of Russia’s liquefied natural gas (LNG) will likely not exceed 67 million metric tons by 2030, falling far short of its 100 million target due to international sanctions, experts said at an industry conference on Friday. Russia has focused on development of LNG, which could be delivered by sea tankers, as its …
Russia Seen Struggling to Reach its LNG Targets, Experts Say Read More »
Enbridge Inc. reported a profit attributable to common shareholders of $493 million in its fourth quarter, down from $1.73 billion a year earlier. The pipeline company says the profit amounted to 23 cents per share for the quarter ended Dec. 31, down from 81 cents per share in the last three months of 2023. On …
Pipeline Company Enbridge Reports $493 Million Q4 Profit Read More »
Tightened U.S. sanctions on Moscow have disrupted a roaring trade in discounted Russian oil to China and India, reviving demand for Middle Eastern and African crudes, roiling shipping markets and driving up oil prices. Washington’s January 10 sanctions targeted tankers carrying Russian oil in a push to more effectively limit Moscow’s oil revenue, the aim …
Latest US Sanctions on Russia Throw Global Oil Trade Into Disarray Read More »
Russia will be “reintegrated” into the world economy and the European energy system once a peace deal is achieved and the war ends in Ukraine, Prime Minister Viktor Orban told state radio on Friday. “If the U.S. president comes and creates peace, there is a deal, I think Russia will be reintegrated into the world …
Russia to be ‘Reintegrated’ Into World Economy if War in Ukraine Ends, Orban Says Read More »
(Reuters) – U.S. natural gas futures climbed about 4% to a two-week high on Thursday on rising flows to liquefied natural gas (LNG) export plants, a drop in daily output and forecasts for cold weather and higher demand over the next two weeks than previously expected. Prices rose despite forecasts for the return of mild …
US NatGas Prices Climb 4% to Two-Week High on Rising LNG Flows, Cold Weather Read More »
When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge fund say executives can expect a strong view on their shortcomings, backed by meticulous research and financial firepower. Now, storied oil giant BP is in Elliott’s sights. The investment firm, which manages $70 billion, has …
Hedge Fund Elliott Commands Attention in C-suites as Relentless Activist Read More »
(Reuters) – Ukraine called on its allies on Wednesday to help it import more natural gas as it moved to increase gas imports by a third to 22.6 million cubic meters following a series of Russian missile attacks on Ukrainian gas facilities. The call came after natural gas production sites owned by Ukraine’s state-run energy …
Ukraine Calls For Help on Gas Imports After Russian Missile Strikes Read More »
(Reuters) – U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.1 billion cubic feet per day (bcfd) in 2024 to 104.6 bcfd in 2025 and 107.3 …
US NatGas Output and Demand to Hit Record Highs in 2025, EIA Says Read More »
