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Wind turbines when it’s -30°C: Courtesy of GIPHY Consumers in wealthy nations have come to expect a perfectly reliable supply of electricity. Anything less feels almost unimaginable. However, with much of Canada and US, currently experiencing a cold snap often referred to as “winter”, how are electricity and grid operators adapting to keep the heat …
Electricity in the Depths of Winter – ENERGYminute Read More »
Gas producer’s debt load threatens dividend, Snowcap says Snowcap faults environmental, asset-retirement practices Diversified Energy Co., the largest owner of US oil and natural gas wells, is being targeted by a short seller claiming the company may not have enough money to meet obligations to plug inactive wells. Snowcap Research, a London-based activist investor focused …
Diversified Energy Faces Short-Seller Attack From ESG-Focused Snowcap Read More »
Reuters U.S. oil refiners are expected to have about 1.9 million barrels per day (bpd) of capacity offline for the week ending Jan. 26, decreasing available refining capacity by 178,000 bpd, research company IIR Energy said on Wednesday. Offline capacity is expected to further fall to 1.58 million bpd in the week ending Feb. 2, …
US Oil Refiners’ Weekly Capacity Seen Down 178,000 Bpd -IIR Read More »
Energy Transfer does not expect the U.S. Army Corps of Engineers to shut down the Dakota Access oil pipeline (DAPL) after a long-pending environmental review of a section that runs under a lake and is opposed by nearby Native American tribes, Executive Chair Kelcy Warren said on Tuesday. A U.S. court in 2022 ordered the …
Energy Transfer: Dakota Access Oil Pipeline Won’t Shut after Environmental Study Read More »
U.S. natural gas futures slid about 3% to a five-week low on Tuesday on forecasts for demand to keep dropping and output to keep rising as the weather turns warmer than normal through at least early February. That price drop occurred even though the amount of gas flowing to U.S. liquefied natural gas (LNG) export …
U.S. Natgas Prices Slide 3% to 5-Week Low on Warmer Weather 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. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to …
More U.S. Energy Deals Likely in 2024 in Wave of Consolidation Read More »
(Reuters Breakingviews) – Exxon Mobil is trying to banish a climate activist proposal in a Texas court. The $385 billion oil giant would be better off leaving its own shareholders to do so. After all, similar measures have resoundingly failed before. Choosing to instead fight against a vote is counterproductive for a company that has struggled against …
OPINION: Exxon Activists Should be Banished With Vote, Not Court Read More »
WASHINGTON — The U.S. government has been asked to explain to a federal appeals court precisely how it believes the country’s 1977 pipeline treaty with Canada should impact efforts to shut down the controversial cross-border Line 5. A forthcoming Department of Justice brief will mark the Biden administration’s first public foray into the long-running dispute …
U.S. Department of Justice Preparing Legal Brief as Both Sides Appeal Line 5 Decision Read More »
Move comes after Sunoco sold convenience stores to 7-Eleven Deal would add crude oil transportation and storage for Sunoco Sunoco LP, a US gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to diversify its business and buy up a key part of its supply …
Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion Read More »
Halliburton Profit Beats on International Strength (Reuters) – Halliburton’s fourth-quarter profit beat market expectations on Tuesday as strength in offshore and overseas drilling activities internationally boosted demand for oilfield services and equipment. The Houston-based company said adjusted net income stood at 86 cents per share for the three months ended Dec. 31, compared with 80 cents …
Halliburton Profit Beats on International Strength Read More »
