Canadian energy, power and mining companies are expected to lead a rebound in dealmaking this year helped by lower interest rates, following a slump in overall mergers and acquisitions in 2023 to the lowest since the outbreak of COVID-19, bankers said. Money markets are betting that the Bank of Canada (BoC), which raised interest rates …
Canadian Dealmaking Seen Rebounding in 2024, Led by Energy, Mining Read More »
Summary Shutdown of Libya’s Sharara oilfield tightens supply U.S. crude inventories fall more than expected -API Coming up: EIA supply report, 1600 GMT (Reuters) – Oil rose by about 1% on Thursday, extending gains on concerns over Middle Eastern supply after disruptions at an oilfield in Libya and heightened tensions relating to the Israel-Hamas war. …
Complements and enhances APA’s asset base in the Permian Basin; expected to be accretive to key financial metrics; Adds to APA’s high-quality, short-cycle development inventory and increases oil mix; and Strengthens APA’s position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) per day and …
APA Corporation to Acquire Callon Petroleum Company in All-Stock Transaction Read More »
Curtis Williams Jan 3 (Reuters) – Shell PLC (SHEL.L) has joined BP PLC (BP.L) in its battle against Venture Global LNG, accusing the liquefied natural gas (LNG) producer of denying it and other customers access to supplies while exporting more than $18 billion worth of the superchilled gas, according to a filing with U.S. regulators. Venture Global’s Calcasieu Pass …
Shell backs BP in fight Over Venture Global LNG Exports Read More »
(Reuters) – The Federal Energy Regulatory Commission (FERC) has granted a request by New England’s grid operator and a regional utilities association to postpone their 2025 forward capacity auction by a year. In November 2023, ISO New England and the New England Power Pool (NEPOOL) had sought the U.S. energy regulator’s permission to delay the auction …
FERC Approves New England Grid’s Request to Delay Power Auction to 2026 Read More »
(Reuters) – European energy firms Equinor (EQNR.OL) and BP (BP.L) terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues. “This agreement reflects changed economic circumstances on an industry-wide scale and repositions an already mature project to continue development …
HEADWINDS: Equinor, BP Cancel Contract to Sell Offshore Wind Power to New York Read More »
(Reuters) – Trans Mountain Corp (TMC.UL) plans to begin line fill in March or May on its long-delayed Canadian oil pipeline expansion, depending on the diameter of pipe it uses and assuming no new problems, the Canadian government-owned company said in a filing on Wednesday. The company is awaiting a regulatory decision on its request …
Canada’s Long-Delayed Trans Mountain Pipeline Plans Line Fill for March or May Read More »
Canadian Prime Minister Justin Trudeau faces a setback for his climate-change action plan in conservative-leaning Saskatchewan, as provincial opposition mounts against the federal carbon tax. On Monday, the western Canadian province stopped collecting the tax applied to homes heated by natural gas and electricity, after Trudeau’s Liberal government exempted home heating oil from the tax …
OPEC said on Wednesday that cooperation and dialogue within the wider OPEC+ oil producer’s alliance will continue, after OPEC member Angola last month announced it would leave the group. Continued cooperation within the Organization of the Petroleum Exporting Countries and allies such as Russia will benefit “all producers, consumers and investors, as well as the …
Mild weather has curbed demand for heating fuel, pulling down prices by about 35% in a year. In just one year, the US gas market has gone from a meteoric rise to a dizzying decline. You can thank Mother Nature for that. This winter is shaping up to be one of the mildest in years, damping demand for heating fuel and …
A No-Show Winter Is Upending the U.S. Gas Market Read More »
