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Shell to Grow Working Interest in the Ursa Platform in Gulf of America

HOUSTON, Feb. 21, 2025 /CNW/ — Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc (Shell), have signed an agreement to increase their stake in the Ursa platform in the Gulf of America. This will increase Shell’s working interest (WI) in its operated Ursa platform, pipeline, and associated fields from 45.3884% to a maximum of 61.35%, …

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US NatGas Prices Jump 6% to 25-Month High on Frozen Wells, Record LNG Flows

(Reuters) – U.S. natural gas futures jumped about 6% to a 25-month high on Friday as extreme cold over the past couple of weeks cut output by freezing wells and as gas flows to liquefied natural gas (LNG) export plants hit record highs. In addition, traders noted that colder temperatures than normal so far this …

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Oil Prices Slip but Remain on Track for Weekly Gain on Supply Jitters

Summary • Brent and WTI up 1.5% over the week • US crude stocks rose, gasoline and distillates decline -EIA • Kazakhstan pumped record high oil volumes -industry sources Feb 21 (Reuters) – Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over …

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Shale Revives Deal-Making Agenda After Trump Changes Course

Drillers are ramping up consolidation as the new administration changes US policy toward fossil fuels. By David Wethe Welcome to our guide to the commodities powering the economy. Today, reporter David Wethe examines how the shale industry is responding to the Trump administration’s enthusiasm for fossil fuels. Appetite for deals in the US shale patch …

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Trump Will Allow for More Gas Pipe Expansion, Southern CEO Says

Utility says looser rules to spur new plants, pipelines Firm beats 4Q profit estimates, sees data center demand growth By Mark Chediak President Donald Trump’s drive to loosen permitting requirements and speed up the development of energy resources will allow for Southern Co. to expand its natural gas pipeline network and build new gas plants, …

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US Army Corps Revising List of Energy Emergency Projects to Fast-Track

By Valerie Volcovici WASHINGTON, Feb 20 (Reuters) – The U.S. Army Corps of Engineers on Thursday said it is revising a list of more than 600 energy and other infrastructure projects it had earmarked to be fast-tracked under President Donald Trump’s declaration of a national energy emergency. The Army Corps, a federal engineering service with …

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LNG Exporter Cheniere Looking to Expand Under Trump, CEO Says

Cheniere wants to take advantage of Trump’s support for LNG Expects to produce up to 90 MTPA of superchilled gas Company’s profits in 2024 fell due to lower LNG prices Feb 20 (Reuters) – U.S. liquefied natural gas exporter Cheniere Energy (LNG.N) plans to aggressively pursue new regulatory permits to expand capacity now that U.S. …

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Key Takeaways From Trump-Putin Talks: Ukraine, Energy, NATO, Sanctions

Russia and the United States have had their first meeting since the start of the Ukraine war, aimed at restoring relations and preparing the ground for ending the conflict. What is known so far about what was discussed? UKRAINE WAR U.S. President Donald Trump says he wants to quickly end the war. President Vladimir Putin …

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US Crude Stockpiles Rise, Fuel Draws Down Amid Refinery Maintenances, EIA Says

(Reuters) – U.S. crude oil stockpiles rose while gasoline and distillate inventories fell last week as seasonal maintenance at refineries led to lower processing, the Energy Information Administration said on Thursday. Crude inventories rose by 4.6 million barrels to 432.5 million barrels in the week ended February 14, the EIA said, compared with analysts’ expectations …

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Sentinel Midstream Eyes Final Investment Decision for US Oil Export Project

(Reuters) – Oil transportation and storage company Sentinel Midstream expects to make a final investment decision on its deepwater oil export project off the Texas coast as soon as it receives a U.S. government license, CEO Jeff Ballard told Reuters. The move comes as U.S. President Donald Trump pushes for faster approvals of projects that …

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