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NewMed says firms still interested in the deal despite pause Suspension due to uncertainty in the external environment Bloomberg News BP Plc and the United Arab Emirates’ state oil firm suspended a $2 billion bid to buy a major stake in Israel’s NewMed Energy as the war in Gaza upends politics across the region. The suspension …
BP, Adnoc Suspend $2 Billion Israel Gas Deal as War Rages Read More »
(Reuters) – Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking infrastructure, a report by the International Energy Agency said on Wednesday. However, the agency said it was optimistic new satellites could help improve monitoring and transparency around leaks …
Methane Emissions from Energy Sector Near Record High in 2023, IEA Says Read More »
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will ease from a record 103.79 billion cubic feet per day (bcfd) in 2023 to 103.35 bcfd in …
US Natgas Output to Decline in 2024 While Demand Rises to Record High, EIA Says Read More »
The U.S. Energy Information Administration (EIA) on Tuesday raised its forecast for U.S. domestic oil growth in 2024 by 90,000 barrels, but lowered its forecast for global oil production growth due to production cuts from OPEC+. U.S. crude oil production will rise by 260,000 barrels per day (bpd) to 13.19 million bpd this year, the …
U.S. Raises Crude Production Growth Forecast for 2024 Read More »
Big metal tubes filled with flammable vapor aren’t an obvious element of the artificial intelligence vision. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. The fervor for all things AI …
The AI Revolution Needs Chips, Software – and Gas Pipelines Read More »
(Reuters Breakingviews) – Gas producer EQT’s old management weathered an activist investor outcry, squeaked through an expensive deal, and spun off its pipeline division – only to be ejected by the executives they bought out. Now, new management is putting the pieces back together, on Monday striking a merger with that spinoff, Equitrans Midstream. It’s a sign …
Anatomy of the Deal: A $35 Bln Gas Reunion Tracks a Topsy-Turvy Market Read More »
(Reuters) – Britain is proposing to build new gas plants to improve energy security and risks facing blackouts without them, the government said on Tuesday. As part of efforts to meet climate targets and boost energy security, Britain is seeking to increase its nuclear and wind power capacity but said new gas plants will also …
Britain Says New Gas Plants Needed to Keep the Lights On Read More »
U.S. natural gas futures slid about 2% to a fresh one-week low on forecasts for milder weather and lower heating demand over the next two weeks than previously expected. Another factor weighing on prices in recent weeks has been the low amount of gas flowing to liquefied natural gas (LNG) export plants due to ongoing …
US Natgas Prices Slide 2% to Fresh One-Week Low on Milder Forecasts Read More »
The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. Dealmaking is on the rise as oil and gas producers are looking to improve longevity of inventories at low cost, and focus on cash that …
Saudi state company in discussions with a number of entities Others in the region are also betting big on the LNG sector Saudi Aramco is in talks with companies for liquefied natural gas projects in the US as it looks to the fuel for global growth at a time when rivals in the region are also expanding …
Aramco in Talks for U.S. LNG Projects as Mideast Gas Race Heats Up Read More »
