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Crescent Energy to Buy SilverBow Resources in $2.1 Billion Deal

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pinned Primary, US News / By

(Reuters) – Crescent Energy  will buy SilverBow Resources  in a $2.1 billion deal, the companies said on Thursday, amid a consolidation wave in the U.S. oil and gas industry. SilverBow and Crescent Energy both operate in the Eagle Ford shale in Texas. The announcement comes amid SilverBow’s tussle with its largest shareholder Kimmeridge Energy Management, which …

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Oil Prices Stabilize After U.S. Stock Drop and Slower Inflation

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Brent oil futures held steady on Thursday, bolstered by signs of stronger demand in the U.S. after slower than expected inflation in April and lower oil stocks in the past week. Brent crude futures were up 4 cents, or 0.05%, at $82.79 a barrel by 1120 GMT. U.S. West Texas Intermediate crude (WTI) …

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U.S. Southwest and Texas at Risk of Power Shortfalls This Summer, Regulator says

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – The U.S. Southwest and Texas are at an increased risk of power supply shortfalls during times of peak demand this summer due to rising electricity consumption and supply constraints, the North American Electric Reliability Corporation said on Wednesday. Parts of the Midwest and New England are also under elevated threat of inadequate power …

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Investors Abandon Bullish Case for U.S. Gasoline: John Kemp

Energy Topics & Technology, Gasoline, Latest, US News / By

U.S. gasoline prices and refining margins have come under pressure as inventories deplete more slowly than normal for this time of year, indicating supplies are plentiful, and undermining the bullish case for the fuel. Just over a month ago, investors had amassed one of the largest bullish positions in U.S. gasoline futures and options since …

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Republican U.S. Lawmakers Urge Regulators to Process LNG Project Applications

Conventional Energy, Latest, LNG, US News / By

Two influential U.S. Republican lawmakers have urged the head of the federal energy regulator to process applications for liquefied natural gas, or LNG, projects, saying any delays could force allies and partners to turn to countries like Qatar and Iran for the fuel. President Joe Biden, a Democrat, in January announced a pause on Department …

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Ships Queue at Freeport LNG Plant in Texas as Full Operations resume

Conventional Energy, Latest, LNG, US News / By

LNG tankers began loading at Freeport LNG in Texas this week as full operations resumed at the liquefied natural gas export plant after repairs and maintenance, data from financial firm LSEG showed on Wednesday. Outages at the second-largest U.S. liquefaction plant have pushed U.S. gas prices lower and raised LNG prices in Europe in the …

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Exxon Feels the Heat as More Investors Assail Climate Conduct

Latest, US News / By

Criticism of the oil giant, whose industry is the principal culprit behind global warming, has become an annual rite of spring. But this year may be different. Exxon Mobil Corp. is again finding itself in the crosshairs of environment-focused investors who say the company is falling far short of its climate-related commitments. The criticism of the …

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What are Biden’s New Tariffs on China Goods?

Batteries, Electric Vehicles, Energy Topics & Technology, Latest, Tri-Pinned, US News / By

(Reuters) – President Joe Biden is hiking tariffs on $18 billion in Chinese goods including electric vehicles, batteries, semiconductors, steel, aluminum, critical minerals, solar cells, ship-to-shore cranes, and medical products, while retaining Trump-era tariffs on over $300 billion in goods. The United States Trade Representative’s Office told Reuters it anticipates the effective date will be in …

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U.S. Natgas Prices Ease on Lower Demand Forecast, Storage Oversupply

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures eased about 1% on Tuesday from a 15-week high in the prior session on forecasts for lower demand over the next two weeks than previously expected and worries about a big oversupply of gas in storage. Analysts forecast the amount of gas in storage was around 31% above normal levels for …

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U.S. Offers Conditional $1.66 Billion Loan to Hydrogen Producer Plug Power

Energy Topics & Technology, Hydrogen, Latest, US News / By

(Reuters) – The U.S. Energy Department on Tuesday said it has offered a conditional loan guarantee of up to $1.66 billion to Plug Power Inc  to help it build up to six plants to produce clean hydrogen. The hydrogen fuel from the plants is expected to power fuel cell-electric vehicles used in material handling, transportation, and …

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