Coterra Energy Closes Pair of Permian Basin Deals for $3.9B
Coterra Energy Inc. purchased Delaware Basin assets from Franklin Mountain Energy and Avant Natural Resources for $3.9 billion.
Energy Spectrum, UGI JV Buys Three Appalachia Gathering Systems
Pine Run Gathering LLC, a joint venture between Energy Spectrum Partners and UGI Corp., purchased three gathering systems in Pennsylvania from Superior Midstream Appalachian LLC.
Envana Paints a Bigger Methane Picture by Combining Existing Data with AI
Envana Software Solutions, a joint venture between Halliburton Co. and Siguler Huff, has been awarded a $4.2 million grant from the U.S. Department of Energy to advance its AI methane detection solution.
POWERING UP! Chevron Plans to Build Gas Plants to Power AI Data Centers
Oil and gas producer partners with GE Vernova, Engine No. 1 Chinese AI company DeepSeek throws power forecasts into doubt A power substation near a data center in Ashburn, Virginia. Photographer: Nathan Howard/Bloomberg Chevron Corp. is launching a partnership to develop natural gas-fired power plants next to data centers, a move that will allow it to …
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LNG WRAP: US Gas Producers Likely to Gain Asian Market Share
Bloomberg News Surplus supply could cap Asian LNG prices a $10/mmbtu PetroVietnam bought cargo for delivery in March; APLNG sold US gas producers could gain Asian market share at the expense of Australian exporters in the long run, as countries running a trade surplus with the US, like Japan and South Korea, are compelled to …
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Venture Global’s IPO Flop Worsens as Shares Slump 20% From Debut
The fallout for Venture Global Inc., in the wake of a troubled initial public offering, accelerated amid a market selloff that sapped $12 billion from its valuation on debut. Shares of the liquefied natural gas exporter tumbled 17% on Monday, bringing its losses to 20% from its $25 apiece offer price last week. The company’s …
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Energy Ministers of Saudi Arabia, Iraq and Libya Discuss Market Stability
Saudi Energy Minister Prince Abdulaziz bin Salman held talks on Monday with his Iraqi and Libyan counterparts, Hayan Abdel-Ghani and Khalifa Abdulsadek, in Riyadh on efforts to support the stability of global energy markets, the Saudi state news agency (SPA) reported. OPEC+, which groups the de facto Saudi-led Organization of the Petroleum Exporting Countries and …
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US Offshore Wind Farms in Service, in Construction and Under Development
(Reuters) – U.S. President Donald Trump suspended new federal offshore wind leasing on his first day back in the Oval Office on Jan. 20, pending an environmental and economic review. On the same day, Danish energy company Orsted, the world’s biggest offshore wind firm, posted another impairment charge on delays to a U.S. offshore project. …
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Southern California Edison Shares New Details on Transmission Lines in Eaton Amid Wildfire Probe
Jan 27 (Reuters) – Southern California Edison, a unit of utility Edison International said on Monday preliminary analysis of data showed a “momentary and expected increase in current” on its energized lines in the Eaton Canyon corridor on Jan. 7 evening. Fire officials have not found SCE to be responsible for the Los Angeles fires. But the …
Trump Pledges Tariffs ‘Much Bigger’ Than 2.5% and on Key Sectors
Trump says he wants universal levy to “protect our country” Trump earlier pledged tariffs on chips, pharma, steel, copper President Donald Trump said he wants to enact across-the-board tariffs that are “much bigger” than 2.5%, the latest in a string of major signals Monday that he’s preparing widespread levies to reshape US supply chains. “I have it …
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