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This agreement follows two Heads of Agreement signed by Texas LNG and EQT earlier this year. Tolling agreements are fee-for-service deals in which the gas provider pays the company to convert gas to LNG, which it then sells to its customers. “Glenfarne’s partnership with EQT will bring low-emission natural gas to transitioning and emerging markets, …
Texas LNG Executes 20-Year Binding Tolling Agreement With EQT Read More »
U.S. natural gas futures slid about 3% on Tuesday on rising output and an ongoing oversupply of gas in storage. Analysts said there was still about 17% more gas in storage than normal for this time of year even though injections have been smaller than usual for nine of the past 10 weeks after several …
U.S. Natgas Prices Slide 3% on Rising Output, Oversupply in Storage Read More »
The top two lawmakers on the Senate energy committee on Monday introduced long-awaited legislation to speed permitting of power transmission, mining and liquefied natural gas export projects. Senators Joe Manchin, an independent who caucuses with Democrats, and John Barrasso, a Republican, said their bill would strengthen the power grid and help keep power prices low. …
U.S. Senators Introduce Bill to Speed Approvals of Energy Projects Read More »
U.S. natural gas futures jumped about 4% to a one-week high on Monday with an increase in the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants as Freeport LNG in Texas started exporting cargoes again after shutting for Hurricane Beryl in early July. Traders also noted that the hottest weather of …
U.S. Natgas Prices Jump 4% on Rising Exports From Freeport LNG in Texas Read More »
As California attorney general, Harris had sued oil companies She’s been more critical of fracking, offshore oil than Biden As California attorney general, Kamala Harris brought lawsuits against fossil fuel companies, prosecuted a pipeline company over an oil leak and investigated Exxon Mobil Corp. for misleading the public about climate change. Now, with the vice president suddenly …
Harris Seen as Tougher Oil Industry Opponent Than Biden Read More »
The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said.The tightness will hold for most of the third quarter, the bank said in a note dated on Friday, but equilibrium will return by the fourth quarter, “when seasonal …
Oil Market Likely to be in Surplus Next Year, Morgan Stanley Says Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. President Joe Biden’s weekend withdrawal from the White House race can hardly be seen as a big surprise, but it adds some doubts to market bets that Republican challenger Donald Trump is a shoo-in in November’s election.After a turbulent few …
Perspective: Biden Bows Out, Election Bets Shift, China Cuts Read More »
The U.S. Federal Reserve is due to review policy next on July 30-31, when investors expect it to keep rates unchanged, though there have been indications that a cut will happen at the September meeting. News that President Biden decided on Sunday to abandon his re-election bid was not a major factor for oil markets. He has endorsed Vice …
Oil Prices Stable After Biden Exit While Rate Outlook Remains in Focus Read More »
Exxon Mobil Corp intends to transfer the operations of all assets of two production-sharing contracts in Malaysia to state energy company Petronas, Exxon Mobil said on Saturday. Reuters had reported on Friday that Exxon Mobil had agreed to sell its Malaysian oil and gas assets to Petronas, citing two people with direct knowledge of the matter. …
All-cash transaction provides substantial and certain value to Tellurian shareholders Offer reflects new leadership’s progress executing the company’s refreshed strategy HOUSTON–(BUSINESS WIRE)–Tellurian Inc. (“Tellurian”) (NYSE American: TELL) today announced that it has entered into a definitive agreement with subsidiaries of Woodside Energy Group Ltd (“Woodside”) (ASX: WDS) pursuant to which Woodside will acquire all the …
Tellurian to be Acquired by Woodside for Approximately $900 Million Read More »
