Auto Added by WPeMatico
The administration of President Joe Biden is slowly putting oil back into the Strategic Petroleum Reserve, after selling a record amount from the emergency stockpile in 2022. Here are some facts about the SPR and U.S. efforts to buy oil back to fill it. WHAT IS THE SPR? It is the world’s largest emergency oil …
U.S. natural gas futures climbed about 4% to a one-month high on Thursday on a drop in daily output and forecasts for colder weather and higher heating demand over the next two weeks than previously expected. That price increase came ahead of a federal report expected to show last week’s storage withdrawal was smaller than …
U.S. Natgas Prices Rise 4% to One-Month High Ahead of Storage Report Read More »
In the long debate over climate change, there have been two broad rivers of thought. The dominant stream of thought held by governments, NGOs and the United Nations is that the “solution” to climate change lies in radical curtailment of greenhouse gas (GHG) emissions at any cost. The current fixation is to bring global GHG …
Complements and enhances APA’s asset base in the Permian Basin; expected to be accretive to key financial metrics; Adds to APA’s high-quality, short-cycle development inventory and increases oil mix; and Strengthens APA’s position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) per day and …
APA Corporation to Acquire Callon Petroleum Company in All-Stock Transaction Read More »
Curtis Williams Jan 3 (Reuters) – Shell PLC (SHEL.L) has joined BP PLC (BP.L) in its battle against Venture Global LNG, accusing the liquefied natural gas (LNG) producer of denying it and other customers access to supplies while exporting more than $18 billion worth of the superchilled gas, according to a filing with U.S. regulators. Venture Global’s Calcasieu Pass …
Shell backs BP in fight Over Venture Global LNG Exports Read More »
(Reuters) – The Federal Energy Regulatory Commission (FERC) has granted a request by New England’s grid operator and a regional utilities association to postpone their 2025 forward capacity auction by a year. In November 2023, ISO New England and the New England Power Pool (NEPOOL) had sought the U.S. energy regulator’s permission to delay the auction …
FERC Approves New England Grid’s Request to Delay Power Auction to 2026 Read More »
(Reuters) – European energy firms Equinor (EQNR.OL) and BP (BP.L) terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues. “This agreement reflects changed economic circumstances on an industry-wide scale and repositions an already mature project to continue development …
HEADWINDS: Equinor, BP Cancel Contract to Sell Offshore Wind Power to New York Read More »
The U.S. is seeking to buy up to 3 million barrels of U.S.-produced sour crude oil for delivery in April to help replenish the Strategic Petroleum Reserve (SPR), the Department of Energy said in a statement on Wednesday. President Joe Biden’s administration is slowly purchasing oil for the SPR after it sold a record 180 …
U.S. Seeks 3 Mln barrels of Crude for Strategic Reserve Read More »
U.S. natural gas futures gained about 2% to a one-week high on Wednesday on a decline in daily output and forecasts for colder weather in mid January than previously expected. That price increase came despite forecasts for milder weather and lower heating demand this week and next than previously expected, and a small decline in …
U.S. Natgas Prices Gain 2% to One-Week High on Colder January Forecasts Read More »
