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Big Oil’s Climate Planning Not Good Enough, Investor Group Says

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

Summary Climate Action 100+ assessed 10 top oil companies Companies ‘alarmingly unprepared’, TPI Centre’s Sharp U.S. companies perform worse than European peers LONDON, March 27 (Reuters) – The current low-carbon transition plans of 10 of Europe’s and North America’s biggest listed oil and gas companies are not good enough to assess the risks involved, the …

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Phillips 66 Explores Sale of REX Interstate Pipeline Stake Worth Over $1 Billion, Sources Say

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

U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday. The Rockies Express Pipeline (REX) is a 1,700-mile interstate natural gas pipeline, stretching from Wyoming and Colorado …

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U.S. Natgas Prices Little Changed at One-Month Low on Mild Weather

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

U.S. natural gas futures held near a one-month low on Tuesday on forecasts for milder weather and less demand over the next two weeks than previously expected, ample gas in storage and as the amount of gas flowing to liquefied natural gas (LNG) export plants remain low. On its last day as the front-month, gas …

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Banks Shying Away From Fossil Fuels Bolster Private Credit Deals

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, US News / By

Bloomberg Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk. The value of private credit deals in the oil and gas industry topped $9 billion in the 24 months through 2023, …

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Enbridge to Enter into JV Connecting Permian Basin Natural Gas Supply to Growing LNG and USGC Demand

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, Press Releases, US News / By

CALGARY, AB, March 26, 2024 /CNW/ – Enbridge Inc. (“Enbridge”) (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with WhiteWater/I Squared Capital (“WhiteWater/I Squared”) and MPLX LP (“MPLX”) to form a joint-venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing …

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Environmental Ruling Threatens Wyoming Oil and Gas Drilling Leases

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

The U.S. Bureau of Land Management did not adequately analyze the potential climate change and wildlife impacts of a major oil and gas lease sale covering roughly 120,000 acres of federal land in Wyoming, a U.S. judge has said. U.S. District Judge Christopher Cooper in Washington, D.C., ruled on Friday that conservation groups had shown …

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US Oil Refiners’ Weekly Capacity Seen Up 8,000 bpd, IIR Says

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

U.S. oil refiners are expected to have about 809,000 barrels per day (bpd) of capacity offline for the week ending March 29, marking an increase in available refining capacity of 8,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to rise to 882,000 bpd in the week ending April 5, IIR …

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