Exclusive: Liberty CEO say World Needs to Get ‘Energy Sober’
More money for the energy transition isn’t meaningfully moving how energy is being produced and fossile fuels will continue to dominate, Liberty Energy Chairman and CEO Christ Wright said.
Dominion Energy Grows Virginia Solar Energy Portfolio
Dominion Energy will own or acquire four Virginia solar projects, which have a total capacity of 329 megawatts, the company says.
Russia’s Arctic LNG 2 Suspends Gas Liquefaction Amid Sanctions, Lack of Tankers
Novatek, Russia’s largest producer of liquefied natural gas (LNG), has suspended production at its Arctic LNG 2 project due to sanctions and a shortage of gas tankers, two sources familiar with the matter told Reuters on Tuesday. The project had been hoping to start commercial deliveries in the first quarter of this year. But plans …
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BKV CEO Chris Kalnin says ‘Forgotten’ Barnett Ripe for Refracs
The Barnett Shale is “ripe for fracs” and offers opportunities to boost natural gas production to historic levels, BKV Corp. CEO and Founder Chris Kalnin said at the DUG GAS+ Conference and Expo.
Mitsubishi Makes Investment in MidOcean Energy LNG
MidOcean said Mitsubishi’s investment will help push a competitive long-term LNG growth platform for the company.
Kodiak Gas Services Closes $850MM Deal for CSI Compressco
Kodiak Gas Services’ acquisition of CSI Compressco was financed as an all-equity transaction valued at approximately $854 million, including assumption of $619 million in debt.
Phillips 66 Reaches Milestone at San Francisco Bay Area Refinery
By the end of second-quarter 2024, Phillips 66 aims to have the complex finished and producing more than 50,000 bbl of renewable fuels.
U.S. Energy Sector Consolidation Trend Continues in 2024
The $250-billion consolidation wave that swept through the US energy sector in 2023 has continued into 2024, with experts anticipating further transactions as energy firms aim to improve inventory longevity while minimising costs. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion …
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Big Oil Is Beating Big Tech as Eyes Turn to Crucial OPEC Meeting
Key energy fund XLE outperformed Nasdaq 100 in first quarter ‘Investor sentiment could go either way,’ Dan Pickering says Big tech may be driving the stock market, but after a blow-out first quarter, big oil would like a word. After finishing 2023 in the red as the broader market soared, energy stocks have started 2024 with …
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Oil Bosses Rip Biden Policies Even as U.S. Production Soars
Executives remain steadfast in their criticism even as many fossil-fuel companies thrive. The anonymous comments from shale-oil executives in the Federal Reserve Bank of Dallas’ quarterly energy survey are rarely complimentary to President Joe Biden and his policies. The remarks in last week’s edition, however, were particularly notable given the apparent state of the market. The US …
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