Former LM Energy Team Creates Mora Energy, Backed by NGP and Old Ironsides
The management team of newly formed Mora Energy is starting with more than $250 million in equity commitments to pursue new energy infrastructure opportunities.
Trump’s Energy Secretary Says Average Oil Prices Will Be Lower
By Matthew Martin Energy prices are set to be lower under the current US administration than in the prior one, according to US Energy Secretary Chris Wright. “Under President Trump’s leadership in the next four years we’ll almost certainly see lower average energy prices than we saw in the last four years of the previous …
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South Bow Cleared to Restart Keystone Following North Dakota Oil Spill
Canada’s South Bow is expected to restart flows on the Keystone Pipeline as soon as weather permits.
Back to Russian Gas? Trump-Wary EU Has Energy Security Dilemma
By America Hernandez, Riham Alkousaa and Marwa Rashad French, German firms open to modest return of Gazprom’s gas Trump has made US LNG a politically loaded commodity EU aims to quit Russian gas by 2027, has no detailed plan on how Arbitrations against Gazprom complicate supply resumption PARIS/BERLIN, April 14 (Reuters) – More than three …
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ExxonMobil Drill Off Cyprus Fails to Find Gas in Commercial Amounts-Ministry
NICOSIA, April 14 (Reuters) – An exploration drill by ExxonMobil (XOM.N) offshore Cyprus has failed to find commercial quantities of natural gas, the island’s energy ministry said on Monday. Drilling operations had been completed at the Elektra-1 well in Block 5 of the exclusive economic zone (EEZ) of Cyprus, it said. “Well data and preliminary …
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Williams Cos. Targets Lewis Shale After $307MM Green River JV Buyout
Williams Cos., known as a midstream company, is landing laterals in the oily Lewis Shale after completing a $307 million buyout from a joint venture partner in Wyoming’s Wamsutter Field last year.
APA Updates Leadership, Names Ben Rodgers as EVP, CFO
APA Corp. is making several leadership changes, including appointing Khalda Petroleum board director Ben Rodgers as executive vice president and CFO.
ArcLight Acquires NatGas Asset Kleen Energy Systems
ArcLight Capital Partners is acquiring Kleen Energy Systems LLC, a natural gas-fired power generation asset in New England, from Osaka Gas USA Corp. and Kyuden International Americas Inc.
EU Plan to End Russian Oil and Gas Imports Due Out in May
(Reuters) – The European Commission will announce a more detailed strategy to phase out Russian oil and gas imports next month, it said on Monday, after twice delaying the plan. The EU has pledged to quit Russian fossil fuels by 2027 in response to Moscow’s 2022 invasion of Ukraine, but the Commission has delayed publishing …
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Power Up: Oil Flows Disrupted
By Liz Hampton (Reuters) – Hello Power Up readers! Oil futures are back up to start the week on some U.S. tariff exclusions, and after Chinese data showed a sharp rebound in crude imports during March. U.S. President Donald Trump on Friday granted exclusion from levies on smartphones, computers and some other electronics from China. …