USD Partners Expects to Sell Final Asset by Mid-April
USD Partners was obligated to sell the Hardisty terminal after entering a forbearance agreement with its lenders in June 2024.
Halliburton Warns of Softer North America Activity Even as Quarterly Profit Beats Estimates
(Reuters) – Halliburton on Wednesday warned of softer activity in North America this year even as the oilfield giant beat analysts’ estimates for fourth-quarter profit helped by higher demand for drilling and pressure pumping services in the North Sea and Asia. The tepid outlook echoed that of rival Schlumberger, who flagged a flat 2025 revenue …
Tariff Threat Unleashes Flood of Canadian Oil Heading to U.S.
Suppliers rush to push out as much oil as possible as it’s more valuable now than in the future Bloomberg News A flood of Canadian oil is heading south to the United States to beat President Donald Trump’s threatened tariffs. Enbridge Inc.’s Mainline, the largest oil export pipeline from Canada to the U.S., will cut the volumes of …
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DOE Awards Two More Hydrogen Hubs Initial Funding
The awards were announced days before President Donald Trump directed federal agencies to pause disbursement of funds appropriated through the Infrastructure Investment and Jobs Act.
Trump Fires Off Energy Executive Orders on Alaska, LNG, EVs
President Donald Trump opened his term with a flurry of executive orders, many reversing the Biden administration’s policies on LNG permitting, the Paris Agreement and drilling in Alaska.
Scott Sheffield Sues FTC for Abuse of Power Over Exxon-Pioneer Deal
A Federal Trade Commission majority opinion in May barred former Pioneer Natural Resources CEO Scott Sheffield from serving in any capacity with Exxon Mobil Corp. following its acquisition of the Permian Basin E&P.
Saudi Foreign Minister Says Trump Does Not Raise Risk of Iran-Israel War
(Reuters) – Saudi Arabia’s foreign minister said on Tuesday he did not see Donald Trump’s new administration increasing the risk of an Israel-Iran conflict, addressing an issue the region has feared since the start of Israel’s war in Gaza. Prince Faisal bin Farhan Al Saud also said in Davos that he hoped President Trump’s approach …
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US LNG Projects Boosted by Trump’s Export Permit Restart
(Reuters) – U.S. President Donald Trump has ended the moratorium on new liquefied natural gas export permits imposed by his predecessor Joe Biden in January 2024. Trump targeted the LNG industry with an executive order on the first day, part of a series of planned policy moves to encourage more U.S. energy production. Biden paused …
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Trump’s Return to the White House: Market Winners and Losers
(Reuters) – U.S. President Donald Trump’s return to the White House has been met with both relief and disappointment across world markets as investors try to work out what the next four years will bring. “The approach will be chaotic, unpredictable, spur of the moment and driven by Trump himself,” said Russel Matthews, senior portfolio …
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Infinity Natural Eyes Up to $1.2 bln Valuation as Energy IPOs Gain Momentum
(Reuters) – Infinity Natural Resources is targeting a valuation of up to $1.24 billion in its initial public offering, joining a bunch of energy industry companies that have rushed to list their shares in recent months. The company, which first filed its IPO paperwork in October, said on Tuesday it is aiming to raise up …
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