Excelerate to Buy LNG, Power Assets from New Fortress for $1.055B
Excelerate Energy will buy a New Fortress Energy’s Integrated downstream LNG and power platform in Jamaica in a $1.055 billion cash acquisition.
European Gas Extends Drop With LNG Helping to Ease Supply Fears
European natural gas extended declines as ample supplies of LNG and warmer weather eased pressure on inventories after a rocky start to the year. Benchmark futures fell as much as 2.7%, with monthly imports of liquefied natural gas into northwest Europe set to jump more than 25% from a year earlier. Prices subsequently recouped some of that loss …
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US LNG Exports May See EU Demand Drop-Off, Asian Surge
Ukrainian peace talks could end with Russian gas back on the market, Poten & Partners analysts said.
Tribal Nations Step Away from Enbridge’s Line 5 Process
The U.S. Army Corps of Engineers included Line 5 on a list of projects to be considered for emergency permitting. But native groups say the potential emergency designation for the project is unfair.
Japan’s JAPEX Backs Former TreadStone Execs’ New E&P Peoria
Japanese firm JAPEX U.S. Corp. made an equity investment in Peoria Resources, led by former executives from TreadStone Energy Partners.
Shale-Oil Bosses Slam Trump’s Tariffs in Anonymous Survey
By Emma Sanchez Shale-oil executives assailed President Donald Trump’s trade policies in an anonymous survey, saying his barrage of tariffs were sowing confusion and undermining his goal to unleash America’s energy might. “The administration’s chaos is a disaster for the commodity markets,” one executive said in the report released Wednesday by the Federal Reserve Bank …
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Exclusive: Rapid Haynesville Production Challenges LNG Market Stability
Gordon Huddleston, partner and president at Aethon Energy, delves into how the Haynesville’s proximity to LNG export terminals positions the play as a major gas supplier, but LNG project timing and rapid influx of gas are contributing to volatility, in this Hart Energy Exclusive interview.
DNO ‘Hot Streak’ Continues with North Sea Discovery
DNO ASA has made 10 discoveries since 2021 in the Troll-Gjøa exploration and development area.
Japan’s Mitsui Testing Western Haynesville Alongside Comstock, Aethon
Japanese firm Mitsui has plans to drill a horizontal well in the emerging western Haynesville play as renewed foreign investment in U.S. shale continues to pick up steam.
E&P Execs Level Scathing Criticism at Trump’s Dill Baby Drill ‘Myth’
E&P executives pushed back at the Trump administration’s “drill, baby, drill” mantra in a new Dallas Fed survey: “’Drill, baby, drill,’ does not work with [$50/bbl] oil,” one executive said.