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U.S. natural gas futures gained about 3% to a 14-week high on Monday on forecasts for higher demand over the next two weeks than previously expected as feedgas to liquefied natural gas (LNG) export plants increased with the return of Freeport LNG in Texas. Prices were also supported by an ongoing decline in output. Front-month …
US Natgas Prices up 3% to 14-Week High on Rising Demand for LNG Feedgas Read More »
Pipeline exports to Europe have slumped, turning focus to LNG Novatek’s Arctic LNG 2 is crucial to expanding export capacity Bloomberg Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. …
How Western Sanctions Are Strangling Putin’s Arctic Gas Ambitions Read More »
By Reuters (Reuters) – Pipeline operator TC Energy beat first-quarter profit estimates on Friday, helped by robust demand for liquefied natural gas (LNG). Demand in the U.S., the largest importer of Canada’s oil and gas, rose in the first quarter according to the U.S. Energy Information Administration, benefiting Canadian energy firms. Total earnings from TC Energy’s pipeline …
Pipeline Operator TC Energy Beats Profit Estimates on Strong LNG Demand Read More »
(Reuters) – Top U.S. oil and gas producer Exxon Mobil has won the approval of the Federal Trade Commission (FTC) to close its deal for Pioneer Natural Resources on the condition that former Pioneer CEO Scott Sheffield is kept off its board. The U.S. oil and gas industry went on a $250 billion buying spree in 2023 …
Biggest Oil and Gas Sector Deals Since the Start of the Century Read More »
U.S. natural gas futures jumped about 5% on Thursday on a continued drop in output and forecasts for more demand next week than previously expected due to an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants. The price rise came even though last week’s storage build was slightly bigger …
U.S. Natgas Prices Jump 5% on Higher Demand Forecast, Lower Output Read More »
Summary Shell announces further $3.5 bln in buybacks Oil trading boosted by Red Sea diversions and Russia disruption LNG earnings beat expectations LONDON, May 2 (Reuters) – Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The company also said …
Shell Smashes Forecasts with $7.7 Billion Quarterly Profit Read More »
U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January. Nationwide crude and condensates output jumped by 0.6 million barrels per day (b/d) in February reversing a decline of 0.7 million b/d in …
U.S. Oil and Gas Production Rebounds After Winter Storm: Kemp Read More »
U.S. spot natural gas prices at the Henry Hub benchmark in Louisiana fell to a 29-year low in April, according to data from financial firm LSEG. Gas prices averaged $1.60 per million British thermal units (mmBtu) in April, their lowest since averaging $1.59 during the month in 1995. That compares with $2.16 in April 2023, …
U.S. Henry Hub Natgas Prices Fall to 29-Year Low in April Read More »
A U.S. appeals court on Tuesday upheld federal approvals for a natural gas pipeline system expansion project in Louisiana and Mississippi, rejecting environmentalists’ claims that the government performed an insufficient review of its climate harms. A unanimous three-judge panel of the U.S. Circuit Court of Appeals for the D.C. Circuit held that the Federal Energy …
U.S. Appeals Court Upholds FERC Approvals for Gas Pipeline Expansion Read More »
Total Talks Up New York Listing With Sector Abuzz About Switches Shell, Glencore already subject of speculation over move to US ESG more important to European investors than on Wall Street TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being lured by US investors’ …
TotalEnergies Talks Up New York Listing With Sector Abuzz About Switches Read More »
