What’s Old is New Again as the European Union is Shifting Back Towards Fossil Fuels

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas, Oil / By

In 2024, the EU shifted towards a cautious, fossil fuel-inclusive energy strategy amid rising costs and public unrest.   In 2024, the European Union’s shift back towards fossil fuels began to solidify in earnest. Over the past few years, Giorgia Meloni has become the Prime Minister of Italy, Geert Wilders’ party is the senior partner …

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U.S. Oil Production Rose to Record High in October, EIA Data Shows

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

U.S. oil production rose 260,000 barrels per day (bpd) month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy Information Administration showed on Tuesday. U.S. oil output has grown rapidly this year, even as concerns of oversupply have weighed heavily on …

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DT Midstream Announces Closing of Midwest Pipeline Acquisition

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DETROIT, Dec. 31, 2024 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) today announced that it has successfully closed on the acquisition of a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK, Inc. (NYSE: OKE), effective as of 11:59 p.m. CT on Dec. 31, 2024, for a total cash consideration of $1.2 billion. …

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Ring Energy Announces Issuance of 2024 Sustainability Report

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THE WOODLANDS, Texas, Dec. 31, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that it has issued its 2024 Sustainability Report (the “2024 Report”), which is available on the Company’s website at www.ringenergy.com under the “Sustainability” tab. The 2024 Report marks the fourth consecutive annual update. It provides comprehensive information …

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EQT Completes Non-Operated Asset Divesture

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PITTSBURGH, Dec. 31, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) announced today it has closed on the sale of its remaining non-operated natural gas assets in Northeast Pennsylvania to Equinor USA Onshore Properties Inc. and its affiliates. EQT received approximately $1.25 billion in cash proceeds, less closing adjustments, from the sale, which was used to repay outstanding …

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U.S. Natgas Prices See Best Year Since 2016 as LNG Export Demand Surges

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U.S. natural gas futures retreated on Tuesday as traders booked profits, though the market looked set for its biggest annual jump since 2016 fueled by an increase in gas flowing to liquefied natural gas (LNG) export plants on rising overseas demand. Front-month gas futures for February delivery on the New York Mercantile Exchange were 19.1 …

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