Australia Labor Strikes Risk 10% of Global LNG in Threat of New Energy Shock

Potential strikes at three major liquefied natural gas facilities in Australia could disrupt about 10% of global exports of the fuel and deliver a new energy price shock across Asia and Europe. Workers at Chevron Corp. and Woodside Energy Group Ltd. facilities in Australia have voted to approve industrial action at the North West Shelf, …

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U.S. Natgas Jumps Nearly 6% to Five-Month Peak as Hot Weather Boosts Cooling Demand

U.S. natural gas futures jumped nearly 6% to a five-month high on Wednesday as sustained hotter-than-normal weather kept air conditioning demand high, especially in Texas. Front-month gas futures for September delivery on the New York Mercantile Exchange were up 16.1 cents, or 5.8%, to $2.94 per million British thermal units (mmBtu) at 09:44 a.m. EDT …

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NRG Energy CEO ‘Not Going Anywhere’ Despite Pressure From Activist Investor Elliott

The chief executive officer of NRG Energy Inc. vowed to fight for his job, citing stronger-than-expected earnings, despite an activist investor calling for his ouster. “I’m not going anywhere,” CEO Mauricio Gutierrez said in a telephone interview. “Right now, my focus is on executing this strategy.” That strategy involves NRG Energy’s move from being a …

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Amplify Energy Announces Second Quarter 2023 Results, Closing of New Revolving Credit Facility and Reaffirms 2023 Guidance

HOUSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the second quarter of 2023. Key Highlights During the second quarter of 2023, the Company: Achieved average total production of 21.2 Mboepd, up approximately 9% compared to the previous quarter Generated …

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WATCH: A Look At ONSITE3D’s Robotic Fabrication

ONSITE3D is an innovative mechanical contractor and fabrication supplier that has integrated technologies into conventional workflows along with highly skilled labour to achieve operational excellence for our clients. One of the ways we’re able to create commercial value is through robotic spool welding. Watch this video to see how the integration of these incredible systems …

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