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U.S. oil and gas producer Devon Energy has approached Enerplus, a peer with a market value of C$3.9 billion ($2.9 billion), with an acquisition offer, people familiar with the matter said on Thursday. Such a combination would continue the dealmaking spree seen in the North American oil patch in recent months, which has included many …
Shale Producer Devon Energy in Bid to Acquire Enerplus – Sources Read More »
Reuters Feb 8 (Reuters) – U.S. oil and gas producer ConocoPhillips beat Wall Street estimates for fourth-quarter profit on Thursday, helped by higher production in the Permian Basin and from a recent acquisition. The company had bought an additional 50% stake from TotalEnergies in the Surmont facility in Canada in 2023 that increased its output. Quarterly …
Oil Producer ConocoPhillips Beats Quarterly Profit Estimates on Higher Production Read More »
STOCKHOLM, Feb 7 (Reuters) – Sweden announced on Wednesday that it had dropped its investigation into the explosions in 2022 on Nord Stream pipelines carrying Russian gas to Germany and had handed evidence it had uncovered over to German investigators. Here is what we know so far about the blasts, which destroyed three out of four pipelines, …
NORD STREAM: What’s Known About the Mystery Pipeline Explosions? Read More »
Sweden ends Nord Stream sabotage probe, hands evidence to Germany Summary Sweden says no evidence its citizens involved in blasts Plans to hand information it has gathered over to Germany Russia says it is watching to see what Germany does STOCKHOLM, Feb 7 (Reuters) – Sweden on Wednesday dropped its investigation into the explosions in …
Sweden Ends Nord Stream Sabotage Probe, Hands Evidence to Germany Read More »
U.S. natural gas production and demand will rise to record highs in 2024, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. The EIA projected dry gas production will rise to 104.37 billion cubic feet per day (bcfd) in 2024 and 106.46 bcfd in 2025 from a record …
U.S. Natgas Output and Demand to Hit Record Highs in 2024 – EIA Read More »
U.S. natural gas futures slid about 3% to a nine-month low on Tuesday as output slowly rises, the amount of gas flowing to liquefied natural gas (LNG) export plants declines and on forecasts for lower demand this week than previously expected. Prices fell even though the latest forecasts called for colder weather and more heating …
U.S. Natgas Prices Slide 3% to Nine-Month Low on Rising Output, Lower Demand Read More »
U.S. oil refiners are expected to have about 1.9 million barrels per day (bpd) of capacity offline for the week ending Feb. 9, increasing available refining capacity by 110,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to fall to 1.1 million bpd in the week ending Feb. 16, IIR added. …
U.S. Oil Refiners’ Weekly capacity Seen Up 110,000 Bpd – IIR Read More »
(Reuters) – U.S. President Joe Biden’s administration announced a pause on pending and future permits to export liquefied natural gas (LNG) to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts. In 2023, roughly 67% of U.S. LNG exports went to Europe and 26% went to Asia, LSEG data …
European and Asian Companies Affected by U.S. Pause on LNG Export Permits Read More »
U.S. natural gas futures on Thursday held near a nine-month low on forecasts for the weather to remain warmer than normal through at least the middle of February, keeping heating demand for the fuel low. That lack of price movement occurred despite a bullish drop in output so far this week and forecasts for more …
U.S. Natgas Prices Hold Near 9-Month Low on Mild Weather Forecasts Read More »
The US House of Representatives will vote on overturning the Biden administration’s freeze on liquefied natural gas export approvals, a top Republican said Wednesday. The vote will take place the week after next, Representative Cathy McMorris Rodgers, who chairs the House Energy and Commerce Committee, said during an interview. The White House announced Friday it was halting approval of new …
Energy and Politics: House to Vote on Reversing Biden’s Natural Gas-Export Freeze Read More »
