FORT WORTH, Texas, July 24, 2023 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter 2023 financial results. Second Quarter 2023 Highlights – Cash flow from operating activities of $127 million Cash flow from operations, before working capital changes, of $187 million Capital spending was $175 million, approximately 30% of the 2023 budget Production …
U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals. U.S. oil exploration and production deals last quarter soared to $24 billion – nearly three times that of the first quarter, energy analytics firm Enverus disclosed on Tuesday. There …
U.S. Oil M&A Jumps as Private Equity Unloads Shale Assets Read More »
Shell and Chevron’s agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni will unleash development at the fields, enabling the country to boost its flagging output, the buyers said. Indonesia has seen declining oil and gas production in recent years due to depleting reserves, and as major new projects face delays due to oil …
Indonesia’s big gas projects to proceed after global majors sell stakes Read More »
Courtesy of Wikipedia.org Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Gasoline market indicators, much like that cutie across the bar, are giving confusing and conflicting signs. What happened: Reuters recently published a study of just how decidedly undecided the US gasoline demand forecast is for the remainder of the year. A mixed bag of signals, …
Summary Difficulties in forecasting the rate of gasoline demand decline Fuel efficiency at record high, EV sales ticking up Customers buying gas-guzzling SUVs at a record pace Refiners likely to shift to petchem markets, exports Midwest refining could shrink as domestic demand wanes July 24 (Reuters) – While U.S. gasoline demand is unlikely to rescale …
Analysis: Bumpy road ahead for US gasoline demand and energy transition Read More »
(Reuters) – U.S. diesel, heating oil and jet fuel stockpiles have failed to recover from the 10-year lows hit last year when high prices caused the Biden administration to consider a ban on fuel exports, leaving the markets vulnerable to supply shocks when demand picks up toward the end of the summer. Though diesel prices …
U.S. distillate stocks fail to make summer recovery amid refinery outages Read More »
The U.S. government will provide up to $1.55 billion in funding to monitor and reduce methane emissions from the oil and gas sector, two agencies said on Monday. The funding will be accompanied by technical assistance for companies to rein in emissions of the planet-warming greenhouse gas from leaks and daily operations, the U.S. Environmental …
U.S. to Spend $1.55 billion For Oil and Gas Sector to cut Methane Emissions Read More »
CALGARY — TC Energy Corp. is selling a 40 per cent stake in its Columbia Gas Transmission and Columbia Gulf Transmission systems to New York City-based Global Infrastructure Partners for $5.2 billion. The move, announced Monday, is the culmination of …
U.S. natural gas futures held steady on Monday as rising output and forecasts for less demand next week offset forecasts for higher demand this week with the weather expected to remain hotter than normal through early August, especially in Texas. Power demand in Texas hit a record high on July 18 and will likely break …
US natgas prices steady as rising output offsets hot weather forecasts Read More »
DETROIT (AP) — Stellantis says it will build a second U.S. electric vehicle battery factory in a joint venture with Samsung. The automaker didn’t disclose the location but said Monday that it signed a memorandum of understanding with Samsung SDI under its existing joint venture called StarPlus Energy. The new plant will open in early …
