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Dealmakers are bracing for a slowdown in global mergers and acquisitions in the fourth quarter as companies postpone pursuing big targets ahead of the U.S. elections, hoping this will only be a temporary setback before a rebound next year. Deals announced worldwide in 2024 totaled $846.8 billion as of Sept. 25, up 14% from the …
M&A Seen Slowing Ahead of U.S. Elections After Uneven Third Quarter Read More »
Hart-Scott-Rodino Act waiting period has expired Company to be rebranded as Expand Energy and trade on NASDAQ under “EXE” ticker symbol OKLAHOMA CITY and SPRING, Texas, Sept. 26, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced the waiting period in connection with the companies’ pending combination under …
It’s become clear there’s not enough low-carbon energy to satisfy data centers’ needs, and natural gas will be key. It’s Climate Week in New York, and dominating the conversation has been the apparently insatiable appetite of artificial intelligence for power. The subject has been much in the news. Just last week, we learned that the infamous Three Mile …
By Reuters (Reuters) – U.S. utilities are finally signing concrete supply deals with data-center operators as the artificial-intelligence wave sparks a surge in power demand, paving the way for higher profits in the coming quarters. Data centers are expected to account for 8% of the power generated in the U.S. by 2030, compared with 3% in …
Microsoft Deal Signals Booming Demand from Data Centers to Power AI Read More »
(Reuters) – Oil prices slipped on Thursday, reversing earlier gains, on news that Saudi Arabia, the world’s top crude exporter, will give up on its price target in preparation for raising output. Brent crude futures were down $1.27, or 1.7%, to $72.19 a barrel, while U.S. West Texas Intermediate crude fell $1.18, also 1.7%, to …
Oil Prices Slide on Prospects Saudi Arabia to Raise Output Read More »
About 29% of crude production and 17% of natural gas output in the U.S. Gulf of Mexico were shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday. Energy producers had shut-in 511,000 barrels per day of oil production and nearly 313 million cubic feet of natural gas …
About 29% of Crude Production Shut in Gulf of Mexico Due to Hurricane Helene Read More »
(Reuters) – U.S. energy company EQT plans to reverse some natural gas production curtailments in October and November as demand for the fuel and prices increase, CEO Toby Rice told Reuters on Wednesday. EQT, the biggest U.S. natural gas producer, has along with other U.S. drillers curtailed output in 2024 after prices collapsed to multi-year …
EQT Plans To Reverse Some US Natgas Production Curtailments in Oct – CEO Read More »
(Reuters) – U.S. shale oil and gas executives are moving to electric rigs and fracking to reduce diesel emissions but grid infrastructure and cost challenges are hurdles, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly energy survey. The survey of Texas, Louisiana and New Mexico executives also revealed third-quarter oil and …
Oil and Gas Drillers Embrace Electric Rigs, But Grid May Not Be Ready, Says Dallas Fed Read More »
(Reuters) – U.S. oil inventories fell across the board last week, the Energy Information Administration said on Wednesday, drawing down more than expected and with crude oil stockpiles hitting their lowest level in nearly 2-1/2 years. Crude stocks dropped by 4.5 million barrels to 413 million barrels in the week ended Sept. 20, the EIA …
US Oil Inventories Fall More Than Forecast, Crude at 2-1/2-Year Low, EIA Says Read More »
(Reuters) – Republican presidential candidate Donald Trump said on Tuesday he would put “back into play” the federal Arctic National Wildlife Refuge (ANWR) in Alaska, where the administration of President Joe Biden canceled oil and gas drilling leases. Trump, who made his remarks in a speech in Georgia, faces Democratic Vice President Kamala Harris in …
Trump Says He Would Put Alaska’s ANWR ‘Back Into Play’ Read More »
