Montana Renewables Closes $1.44B DOE Loan for Facility Expansion
The expansion project will lift annual production capacity to about 300 million gallons of sustainable aviation fuel (SAF) and 330 million gallons of combined SAF and renewable diesel.
Kinder Morgan Acquires Bakken NatGas G&P in $640MM Deal
The $640 million deal increases Kinder Morgan subsidiary Hiland Partners Holdings’ market access to North Dakota supply.
Russia Sanctions Arm Trump for Talks With Putin
Measures mark first serious attempt to restrict the flow of funds into the Kremlin’s war chest. Julian Lee, Bloomberg News Outgoing US President Joe Biden has seized the opportunity of lower oil prices and an impending period of oversupply to ratchet up pressure on Moscow. His parting sanctions on Russia’s energy industry are the first serious attempt to restrict …
Alberta Premier Danielle Smith Visits Mar-a-Lago to Defend Alberta and Canada Interests
Trump’s tariff threat, and remarks about Canadian sovereignty, have alarmed Canadians across the political spectrum Alberta Premier Danielle Smith visited U.S. president-elect Donald Trump at Mar-a-Lago on Saturday evening and again Sunday morning, as Smith continues her campaign to woo American politicians in the face of tariff threats from the incoming president. “We had a …
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U.S. Oil Refiners Brace for a Tough Year as Investor Sentiment Turns Negative
Summary Refiner profits fall as new capacity and normal margins return Gasoline and diesel crack spreads hit lows in December Analysts lower earnings expectations amid weak crack spreads Uncertainty over Trump’s tariffs impacts refiner margins and costs (Reuters) – Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and …
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Tougher U.S. Sanctions to Curb Russian Oil Supply to China and India
The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine. Many of the tankers have been used to ship oil to India and China as western sanctions and …
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Venture Global to Pitch $110 Bln Valuation to IPO Investors Next Week, Source Says
Venture Global LNG will begin formally pitching investors next week for its highly anticipated initial public offering, with the second-largest U.S. producer of liquefied natural gas aiming to secure a non-diluted valuation of as much as $110 billion, a document seen by Reuters and a person familiar with the matter said on Saturday. It could …
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Enbridge Preps Pipeline Buildout for Trump-Driven Drilling Boom
Pipeline CEO plans ahead for imminent change in US leadership Company ships almost 6 million barrels of crude, liquids daily Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling boom. The company sees an opportunity to move “several hundred …
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Oil Prices Rally 3% as US Hits Russian Oil With Tougher Sanctions
Summary • Brent crude and WTI futures rise over 3% to 3-month high • US announces harshest package of sanctions against Russian oil • Sanctions will hit Russian oil exports – UBS, traders • Extreme cold in US, Europe also boosting oil prices – StoneX New York, Jan 10 (Reuters) – Oil prices rallied nearly …
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American Airlines’ Focus on ESG in 401(k) plan is Illegal, US judge Rules
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors. The ruling by U.S. District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to an uptick in socially-conscious …
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