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Nov 6 (Reuters) – Duke Energy (DUK.N) said on Thursday it estimates the total cost to restore facilities damaged by Hurricanes Debby, Milton and Helene to be in the range of $2.4 billion to $2.9 billion. Duke, the largest utility covering North and South Carolina, saw the hurricanes hit its service territories in the past …
Duke Energy Sees Up To $2.9 bln In Hurricane Restoration Costs Read More »
By Seher Dareen Company’s US natgas pipeline unit earnings rise to C$1.33 bln from C$782 mln LNG exports, coal plant retirements, AI data centres drive North America natgas demand Nov 7 (Reuters) – TC Energy (TRP.TO) reported a third-quarter profit ahead of analysts’ estimates on Thursday as it transported more natural gas through its pipelines in …
Pipeline Operator TC Energy’s Profit Beats on N America Natgas Demand Read More »
HOUSTON, Nov 7 (Reuters) – Energy infrastructure company New Fortress Energy (NFE.O) expects slightly lower liquefied natural gas (LNG) volumes in fourth quarter 2024 because of repairs it performed on a valve in October, CEO Wesley Edens said on Thursday. Its floating LNG facility offshore of Altamira, Mexico, completed its commissioning process and was operating …
New Fortress Energy Expects Lower LNG Volumes in Fourth Quarter Read More »
Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs he enacts. Following are some major issues and sectors to watch: WHAT ROLE WILL …
How Trump’s Second Administration Affects Business: Energy, Musk, Tariffs and More Read More »
Americans who say they care about global warming need to push back against the next administration’s worst impulses. By Mark Gongloff In poll after poll, Americans say they care about climate change. But then again, they also say they care about democracy, women’s rights and other such ideals. And yet for the second time in three elections, they …
Trump 2.0 Is Bad for the Climate But Not Hopeless Read More »
(Reuters) – Halliburton fell short of analysts’ estimates for third-quarter profit on Thursday, as a slowdown in drilling activity in North America weighed on demand for its oilfield services and equipment. Producers have kept a tight lid on production in North America since the downturn in oil prices in 2020 and weak natural gas prices. North …
Halliburton Misses Quarterly Profit Estimates on North America Drilling Demand Weakness Read More »
Summary Biden-era clean energy subsidies would likely survive Reduction in offshore wind leasing likely Solar, wind energy costs have dropped sharply Oil, gas output already at record highs (Reuters) – Donald Trump’s return to the White House will refocus the nation’s energy policy onto maximizing oil and gas production and away from fighting climate change, but the …
Trump Return Will Slow, Not Stop, U.S. Clean Energy Boom Read More »
Citi forecasted on Wednesday that U.S. President-elect Donald Trump’s second term could exert downward pressure on oil through 2025, with Brent crude forecasted to average at $60 per barrel, primarily due to potential trade tariffs and increased oil supply. The bank notes that Trump’s influence on OPEC+, which is made up of the Organization of …
Trump’s Victory May Pressure Oil Prices Through 2025, Citi Says Read More »
Summary US dollar near four-month high after Trump win China’s October crude oil imports fall Trump expected to ramp up sanctions on Iranian oil Hurricane Rafael shuts 17% of Gulf of Mexico oil output (Reuters) – Oil slipped on Thursday, extending a sell-off triggered by the U.S. presidential election, as a strong dollar and lower crude …
Oil Slips as Investors Digest U.S. Election Fallout Read More »
(Reuters) – President-elect Donald Trump has promised to overhaul U.S. energy policy, with an aim of maximizing the country’s already record-high oil and gas production by rolling back regulation and speeding up permitting. Who will he choose to run the key departments and agencies to get this work done? Here are some of the names …
Who Could Run Trump’s Pro-Drilling Energy Policies? Read More »
