U.S. natural gas futures slid about 3% to a five-week low on Tuesday on forecasts for demand to keep dropping and output to keep rising as the weather turns warmer than normal through at least early February. That price drop occurred even though the amount of gas flowing to U.S. liquefied natural gas (LNG) export …
U.S. Natgas Prices Slide 3% to 5-Week Low on Warmer Weather Forecasts Read More »
ExxonMobil and Chevron lead the charge to secure future resource, but will this historic consolidation continue? CALGARY, Alberta (January 23, 2024) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company, is releasing its summary of Q4 and full-year 2023 upstream merger and acquisition (M&A) activity. Q4 recorded a massive …
$144B of Transactions in Recording-Setting 4Q23 for Upstream M&A Read More »
The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to …
More U.S. Energy Deals Likely in 2024 in Wave of Consolidation Read More »
(Reuters Breakingviews) – Exxon Mobil is trying to banish a climate activist proposal in a Texas court. The $385 billion oil giant would be better off leaving its own shareholders to do so. After all, similar measures have resoundingly failed before. Choosing to instead fight against a vote is counterproductive for a company that has struggled against …
OPINION: Exxon Activists Should be Banished With Vote, Not Court Read More »
WASHINGTON — The U.S. government has been asked to explain to a federal appeals court precisely how it believes the country’s 1977 pipeline treaty with Canada should impact efforts to shut down the controversial cross-border Line 5. A forthcoming Department of Justice brief will mark the Biden administration’s first public foray into the long-running dispute …
U.S. Department of Justice Preparing Legal Brief as Both Sides Appeal Line 5 Decision Read More »
The oil giant has outstayed its welcome in San Ramon. By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” Chevron Corp. has a strong a sense of nostalgia about its home base …
COMMENTARY: Chevron Would Fit Better in Texas Than California Read More »
Move comes after Sunoco sold convenience stores to 7-Eleven Deal would add crude oil transportation and storage for Sunoco Sunoco LP, a US gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to diversify its business and buy up a key part of its supply …
Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion Read More »
(Reuters) – BP is set to confirm Kate Thomson as its permanent chief financial officer after naming Murray Auchincloss as CEO last week, completing a leadership reshuffle following Bernard Looney’s abrupt resignation in September, two sources with knowledge of the matter told Reuters. The board is expected to decide on the appointment before BP reports …
BP Set to Name Thomson Permanent CFO, Completing Top Management Reshuffle Read More »
Halliburton Profit Beats on International Strength (Reuters) – Halliburton’s fourth-quarter profit beat market expectations on Tuesday as strength in offshore and overseas drilling activities internationally boosted demand for oilfield services and equipment. The Houston-based company said adjusted net income stood at 86 cents per share for the three months ended Dec. 31, compared with 80 cents …
Halliburton Profit Beats on International Strength Read More »
The Gas Exporting Countries Forum (GECF) sees tight global liquefied natural gas (LNG) markets until 2026 as demand rises 1.5% this year and by up to 22% through 2050, the group’s secretary general, Mohamed Hamel, said on Monday at a conference in Trinidad and Tobago. The GECF represents natural gas exporters including Qatar, Russia and …
Gas Exporting Group Sees Tight Global LNG Markets Until 2026 Read More »
