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(Reuters) – Oil and natural gas developer Infinity Natural Resources is pursuing an initial public offering in the United States after nearly doubling its revenue in the first half of the year, a filing from the company showed on Friday. Backed by investment firms Pearl Energy Investments and NGP Capital, Infinity will aim to list …
Oil and Natgas Firm Infinity Natural Files for US IPO Read More »
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes said on Friday in its closely followed report. The oil and gas rig count, an early indicator of future output, fell by 2 to 585 in …
US Drillers Cut Oil and Gas Rigs for Third Week in a Row – Baker Hughes Read More »
(Reuters) – Tellurian shareholders have voted in favor of the U.S. LNG developer’s proposed $1.2 billion acquisition by Australian energy producer Woodside Energy Group, the company said on Friday. Shares rose 1.4% to 98 cents in premarket trade. Woodside in July agreed to buy Tellurian, including its U.S. Gulf Coast Driftwood LNG export project. The …
Tellurian Shareholders Back Proposed $1.2 bln Woodside Deal Read More »
(Reuters) – U.S. natural gas futures eased on Friday, but looked still set for their sixth straight weekly gain on worries over tighter supplies due to a decline in output and as the latest federal report showed utilities added smaller-than-normal amount of gas into storage last week. Front-month gas futures for November delivery on the …
US Natgas Set for 6th Straight Weekly Gain on Worries over Tighter Supplies Read More »
Firm seeks to extend life of Indiana facility by three years Power demand spike has complicated utilities’ climate goals Duke Energy Corp. plans to extend the life of its largest coal-fired power plant, pushing aside its climate goal to shutter all facilities that burn the dirty fuel by 2035. The utility said it plans to operate …
Duke Plans to Delay Coal Plant Closing Despite Climate Goals Read More »
Exxon Mobil Corp. said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period. The oil giant revealed quarterly earnings guidance in a regulatory filing Thursday. The impacts of lower oil prices and shrinking refining margins will be partly mitigated by gains of about $900 million from timing effects and …
Exxon Sees $1.6 Billion Earnings Hit From Oil, Refining Margins Read More »
In today’s digital and services-dominated economy, one might be forgiven for buying into the narrative that oil no longer has any real bearing on inflation. That would be a mistake. Inflation is starting to undershoot some central banks’ targets, in large part because the year-on-year change in the oil price is deeply negative. This is …
The 2024 Disinflation Lesson: Ignore Oil at Your Peril: McGeever Read More »
CALGARY — The coming boom in artificial intelligence represents both a threat and an opportunity for the clean energy transition, market experts suggest. No longer purely in the realm of the tech sector, AI has in recent years become an energy industry issue. The expected rapid rollout of the energy-hungry data centres needed to power …
AI Boom Could Spur Large-Scale Investments in Clean Energy Read More »
Vladimir Putin’s ambition to triple exports by 2030 looks like a stretch, and that bodes well for Washington. Vladimir Putin’s strategy to expand liquefied natural gas exports hinges on finding buyers willing to circumvent US sanctions. So far, that’s proven a challenge. Key to the Russian president’s plans is the vast Arctic LNG 2 plant, which started …
Russia’s Struggle to Sell Its LNG Is a Double Win for the US Read More »
Oct 3 (Reuters) – Enbridge said on Thursday it would build and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida oil hub, operated by BP. The pipelines are expected to be operational by 2029 and would cost $700 million, the Canadian firm said. The crude oil …
Enbridge to Build Pipelines to Service BP’s Kaskida Oil Hub Read More »
