U.S. Natgas Rises Over 2%, Helped by Cooler Weather Forecasts

U.S. natural gas futures gained more than 2% on Wednesday, rebounding from a four-year low hit in the previous session, helped by forecasts for slightly cooler weather leading to increased demand for gas for heating. Front-month gas futures for April delivery traded 3.4% higher to $1.87 per million British thermal units. Prices dropped to as …

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Climate Investors Warn the Right Is Winning the War on ESG

US fund giants JPMorgan Asset Management, State Street Global Advisors and Pacific Investment Management Co. withdrew from CA100+ this month. US Representative Jim Jordan has been one of the key forces behind the Republican Party’s war on environmental, social and governance policies. When global warming is politicized, professional investors are unable to do their jobs properly. …

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Oil Falls on Fed Rate Cut Caution and Stocks Build

Summary Federal Reserve appears in no rush to cut interest rates U.S. crude inventories rise OPEC+ to consider extending supply curbs (Reuters) – Oil prices pulled back on Wednesday as the prospect of delays to U.S. interest rate cuts and a jump in U.S. crude stocks that trounced expectations offset a boost from a potential …

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Record Year for Wind Farms Raises Hope for EU Green Energy Goals

(Reuters) – A record year for building new wind farms and a rebound in investments in the sector have raised hopes that the EU may achieve its clean energy targets, industry group WindEurope said on Wednesday. In an annual report, WindEurope described 2023 as a year of “significant improvements” in key areas of Europe’s wind …

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Exxon’s Curveball Move in Guyana Alters Chevron-Hess Deal Prospects

(Reuters) – Exxon Mobil’s surprise challenge to Chevron’s acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country. Exxon (XOM.N) said on Monday it may exercise pre-emptive rights that could …

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India’s Coal Sector Sees Huge Leaps in Output and Demand

(Reuters) – India’s coal sector is united about one thing. It doesn’t matter if you are a miner, trader, utility or steelmaker, you are bullish, extremely bullish. The overarching theme at this week annual Coaltrans India conference in the western state of Goa is that coal production, imports and demand are all going to rise …

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Global LNG Demand Seen Rising in 2024 From China, Europe – TotalEnergies Exec Says

Global liquefied natural gas (LNG) demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising, a TotalEnergies executive said on Wednesday. “LNG has continued to grow, with China being back in the market but not yet at the level of 2021,” Senior Vice President Asia Pacific Exploration & …

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Managing Land Data with Integrated Software Allows Energy Companies to Work Smarter, Not Harder

Integrated Land Management & GIS Software Achieves More Accurate Asset Analysis Your energy company strives for more accurate land asset analysis using overlapping manual and digital processes. Land departments juggle data in many forms: legacy or homegrown systems, spreadsheets, maps, photos, and lots of paper. Poor data management directly affects your team’s time and drives …

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Kathairos Solutions and Doig River First Nation Embark on Strategic Environmental Initiative to Reduce Methane Emissions

[Calgary, 27/02/2024] – Kathairos Solutions, a leader in the field of clean technology for methane emission reduction, is excited to announce a strategic partnership with Doig River First Nation (DRFN) and its economic arm, Úújǫ Developments LP. This collaboration is set to pioneer sustainable environmental practices while fostering economic growth and cultural preservation within DRFN …

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Devon Energy Reports Lower Profit, Sees Production Hit from Winter Storm

(Reuters) – U.S. shale producer Devon Energy  reported a fall in fourth-quarter profit on Tuesday, hurt by lower oil and gas prices and forecast a 2% impact in first-quarter production due to severe winter weather. Concerns over global demand weighed on commodity prices throughout the reported quarter, with U.S. natural gas prices declining by more than …

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