Front-month gas futures for January delivery on the New York Mercantile Exchange was down 11 cents, or 4.2%, at $2.50 per million British thermal units (mmBtu) at 10:08 EST (1508 GMT). Prices fell as much as 6% earlier in the session. Trading was thin on the day after Christmas and is expected to remain muted …
U.S. Natgas Prices Slip as Much as 6% on Record Output, Mild Weather Read More »
Gas pipeline developer calls Energy Transfer anti-competitive Soon-to-be governor weighs in on Louisiana gas pipeline battle By Rachel Adams-Heard and Elizabeth Elkin A natural gas pipeline developer is accusing Energy Transfer LP of “anticompetitive” behavior after the company denied three projects from crossing its pipelines in Louisiana, sparking a legal battle affecting more than than $2 billion of energy infrastructure. …
Energy Transfer Accused of Boxing Out Louisiana Pipeline Rivals Read More »
(Reuters) – The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies’ high stock prices to secure lower-cost reserves and prepare for the next upheaval in an industry likely to undergo more consolidation. A surge in oil demand as world economies shook off the pandemic downturn has …
Big Oil Enters 2024 Strengthened by U.S. Industry Consolidation Read More »
Reuters An Iranian Revolutionary Guards commander said the Mediterranean Sea could be closed if the United States and its allies continued to commit “crimes” in Gaza, Iranian media reported on Saturday, without explaining how that would happen. Iran backs Hamas against Israel and it accuses the United States of backing what it calls Israeli crimes …
Iran Threatens Mediterranean Closure over Gaza, Without Saying How Read More »
Summary China, Angola reached deal on enhanced cooperation Angola seeks to diversify economy Also sought a higher OPEC production quota BEIJING, Dec 22 (Reuters) – Angola’s decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country’s oil and other sectors, as part of …
Angola’s OPEC Exit Opens Way for More Chinese Investment Read More »
Bloomberg LNG vessels increasingly avoid Red Sea amid violence That’s delaying the delivery of cargoes to important buyers Liquefied natural gas cargoes recently loaded from the US and bound for Asia are changing course for longer voyages lasting more than a month as they avoid the Red Sea, according to ship-tracking data on Bloomberg. The diversions …
US LNG Cargoes to Asia Embark on Longer Routes to Avoid Red Sea Read More »
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.) (Reuters Breakingviews) – OPEC’s un-Merry Christmas just got gloomier. Less than a month after fresh cuts by the Organization of the Petroleum Exporting Countries that nevertheless saw oil prices fall, Angola said on Thursday it was quitting the 13-strong group. It’s a …
Angola’s OPEC Exit is a Sideshow With a Hard Edge Read More »
Interior required to hold auction by Congress in climate law Gulf lease sales set to go on two-year hiatus under Biden plan Hess Corp. was the high bidder in a US auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a …
Green Hess, Oxy Are Top Winners of Gulf of Mexico Oil Lease Sale Read More »
Credit: https://www.freepik.com/free-photo/earth-environment_8668094.htm As we head into 2024, developing Cleantech is no longer an option but a necessity for many firms large and small. Last year, U.S. President Joe Biden significantly pushed Cleantech in the Inflation Reduction Act and the Chips and Science Act. By offering an estimated $400 billion in tax credits and subsidies, the …
Cleantech – can engineers and system integrators supercharge these projects? Read More »
A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.The auction total was the highest of any federal offshore oil and gas lease sale since 2015, according to a Reuters tally. Shell, Hess, …
U.S. Gulf of Mexico Oil Auction is Largest Since 2015 Read More »
