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The collapse of U.S. natural gas prices this week elevated the oil-to-gas ratio to its highest since May 2012, which should prompt energy firms to drill for more oil and less gas. Gas prices collapsed to a three-year low for a third day in a row on Friday, having fallen by 28% so far this …
Premium of U.S. Oil Over Natgas Hits 11-year high on Natgas Price Plunge Read More »
Trump raised millions from oil donors in final months of 2023 Industry says production boom happened despite Biden policies Bloomberg Donald Trump is the oil and gas industry’s undisputed top pick for the Republican presidential nomination as energy sector donors shower his candidacy with nearly 10 times the amount of money as they gave his challenger Nikki …
Donald Trump Is the Oil and Gas Industry’s Top Choice for President Read More »
Smith pushes to expand LNG exports during Washington visit Canada’s first LNG export plant scheduled to start in 2025 Bloomberg President Joe Biden’s decision to pause approval of new liquefied natural gas export licenses is an opportunity for Canada as the country prepares to start exporting the fuel, Alberta’s premier said. “I note, with interest, that …
Alberta’s Premier Smith Sees U.S. LNG Export Pause as Opportunity Read More »
Bloomberg Texas passed two laws in 2021 that restrict government contracts with companies that take what state officials regard as punitive stances toward the fossil fuels and firearm industries. They’re among the many new laws pushed by Republicans in states across the US to oppose ESG investing and financing, which they’ve made into a culture …
Why Texas Is Banning Banks Over Their ESG Policies Read More »
Barclays, Britain’s biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel production. The move, part of its Transition Finance Framework (TFF), published on Friday, follows intense pressure from campaigners over its energy …
Barclays to Adopt Fresh Curbs on Oil and Gas financing Read More »
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 »
