BofA Hikes 2024 Oil Forecasts on Tighter Supply, Geopolitical Risks

Bank of America (BofA) Global Research has raised its 2024 Brent and WTI oil price forecasts, citing escalating geopolitical tensions and the OPEC+ producer group maintaining supply curbs. The bank now expects Brent and WTI crude prices this year to average $86 and $81 per barrel respectively, with prices of both peaking around $95 per …

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U.S. Natural Gas Demand for LNG Falls as Cheniere Reduces Output

There was a significant decline on Tuesday in the amount of U.S. natural gas being liquefied for export with a drop in demand from Cheniere Energy’s Corpus Christi plant in Texas and its Sabine Pass operation in Louisiana, according to data from financial firm LSEG. Cheniere is the largest U.S. producer and the world’s second …

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Baker Hughes to Supply Snam with Hydrogen-Ready Technology to Support Decarbonization and Resilience of the Italian Gas Network

Baker Hughes will supply Snam, a leading European energy infrastructure company, with three turbocompressors driven by NovaLT™12 gas turbine technology, offering fuel flexibility of up to 10% hydrogen blend with natural gas Award marks another significant milestone in the decarbonization of Italy’s gas network infrastructure and builds on the long-standing collaboration between the two companies …

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TC Energy appoints Sean O’Donnell as Executive Vice-President and Chief Financial Officer

Joel Hunter, Executive Vice-President and Chief Financial Officer, to depart TC Energy after over 26 years with the company CALGARY, Alberta, April 03, 2024 (GLOBE NEWSWIRE) — – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that the Board of Directors has appointed Sean O’Donnell, currently Senior …

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COMSTOCK RESOURCES, INC. ANNOUNCES UPSIZE AND PRICING OF $400.0 MILLION OFFERING OF SENIOR NOTES DUE 2029

FRISCO, TX, April 02, 2024 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (NYSE:CRK) (“Comstock” or the “Company”) announced today the pricing of its private placement of new 6.75% senior unsecured notes due 2029 in the aggregate amount of $400.0 million, which was increased from the originally proposed $375.0 million (the “Notes”). The Notes will be issued …

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LLOG Exploration Discusses Recent Accomplishments and Provides Operational Update for 2024

COVINGTON, La., April 02, 2024 (GLOBE NEWSWIRE) — LLOG Exploration Company, L.L.C. (“LLOG” or “the Company”), a privately-owned exploration and production company focused on the deepwater Gulf of Mexico (“GOM”), today provided an operational update. Company Highlights: Increased gross operated production at the end of February 2024 to over 110 thousand barrels of oil equivalent …

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