Natural Gas

Auto Added by WPeMatico

Pipeline Operator TC Energy Beats Fourth-Quarter Profit Estimates

Reuters Feb 16 (Reuters) – Pipeline operator TC Energy beat fourth-quarter profit estimates on Friday, helped by high demand for liquefied natural gas (LNG). The U.S. was the world’s top LNG exporter last year, after Europe imposed sanctions on Moscow following Russia’s invasion of Ukraine. Full-year exports from the United States rose 14.7%, driven largely by …

Pipeline Operator TC Energy Beats Fourth-Quarter Profit Estimates Read More »

U.S. Refinery M&A Stalls as Buyers Shun Aging Assets, Uncertain Future

WASHINGTON/NEW YORK, Feb 16 (Reuters) – The U.S. oil industry saw nearly $200 billion in upstream deals last year, but the refining sector missed out despite plenty of willing sellers as the energy transition away from fossil fuels accelerates and casts doubt over the long-term value of aging U.S. refineries The growing number of operators looking to …

U.S. Refinery M&A Stalls as Buyers Shun Aging Assets, Uncertain Future Read More »

Energy Transfer, Williams Trade Barbs as Gas Pipeline Spat Heats Up

ET executive calls anticompetitive claims ‘unfounded,’ ‘false’ Williams pushes back Louisiana project to 2025 amid dispute There’s no love lost between Energy Transfer LP and Williams Cos. The two pipeline giants hurled accusations at each other Wednesday and gave details of an ongoing court battle over building natural gas projects in Louisiana. Energy Transfer has been accused of …

Energy Transfer, Williams Trade Barbs as Gas Pipeline Spat Heats Up Read More »

U.S. Natgas Drillers Cut Spending, Reduce Activity Amid Price Crash

U.S. natural gas producers are slashing spending and reducing drilling activity following a sharp decline in prices, companies said this week during earnings presentations and analyst calls. For months of relatively low gas prices, many producers kept output mostly steady on expectations that demand would rise in 2024 and 2025 when several liquefied natural gas …

U.S. Natgas Drillers Cut Spending, Reduce Activity Amid Price Crash Read More »

Halting American Natural Gas is a Dangerous Political Dance – Tim Tarley

Tim Tarpley On March 25, 2022, President Joe Biden and European Commission President Ursula von der Leyen stood together and pledged to work together to lay the framework for a significant increase in U.S. liquefied natural gas, or LNG, to be imported into the European Union. This decision was vital in helping the European Union’s …

Halting American Natural Gas is a Dangerous Political Dance – Tim Tarley Read More »

U.S. Natgas Prices Fall 5% to 3-1/2-Year Low on Mild Winter Weather

U.S. natural gas futures fell about 5% on Tuesday to a fresh 3-1/2-year low on near-record output, ample amounts of fuel in storage and forecasts for warmer weather and less heating demand next week than previously expected. Traders also noted that gas flows to U.S. liquefied natural gas (LNG) export plants should remain low so …

U.S. Natgas Prices Fall 5% to 3-1/2-Year Low on Mild Winter Weather Read More »

Halting American Natural Gas is a Dangerous Political Dance

Tim Tarpley On March 25, 2022, President Joe Biden and European Commission President Ursula von der Leyen stood together and pledged to work together to lay the framework for a significant increase in U.S. liquefied natural gas, or LNG, to be imported into the European Union. This decision was vital in helping the European Union’s economies and …

Halting American Natural Gas is a Dangerous Political Dance Read More »

New Texas Fossil-Fuel Power Plant Planned to Shore Up Shaky Grid

A new, natural gas-fired power plant is planned for central Texas that will bolster the Lone Star State’s electricity grid while threatening to slow any transition away from fossil fuels. Sandow Lakes Energy Company LLC will construct a 1.2-gigawatt facility about 60 miles (97 kilometers) east of the capital Austin, on the site of a former Alcoa Corp. aluminum smelter. …

New Texas Fossil-Fuel Power Plant Planned to Shore Up Shaky Grid Read More »

Oil & Gas Deals Are Powering the Global M&A Engine

Bloomberg Drilling for deals The oil and gas sector has been one of the few in which you haven’t had to drill too deep for good M&A news during the global deals slump. Whether you’re looking over three, six or 12-month periods, year-on-year increases in the values of transactions involving oil and gas companies look …

Oil & Gas Deals Are Powering the Global M&A Engine Read More »

Energy M&A Boom Is Just Getting Started, Enbridge CEO Ebel Says

The surge in energy industry mergers and acquisitions — marked by a series of megadeals among oil producers last year — is set to ramp up further in 2024 as interest rates decline, Enbridge Inc. Chief Executive Officer Greg Ebel said. “As interest rates start to peak and perhaps come down — who knows exactly when that’s going to …

Energy M&A Boom Is Just Getting Started, Enbridge CEO Ebel Says Read More »