Analysts: Will E&Ps Redraw Plans as WTI Dips Below $60/bbl?
As WTI hovers near $60/bbl, U.S. E&Ps could be pushed to drop rigs and cut drilling in exploratory resource plays, analysts say.
Liberty, Imperial, Range Partner to Support Pennsylvania Power Plant
Liberty Energy Inc., Imperial Land Corp. and Range Resources are focusing on a plant to meet energy demands from data centers and industrial facilities.
Barrell Energy Raises Funds to Deepen Smackover Footprint
Barrell Energy said it plans to increase its portfolio company Barrell Lithium’s leasehold to approximately 40,000 acres within the Smackover play.
Canadian Oil and Gas CEOs Avoiding ‘Rash’ Decisions During Price Rout
(Reuters) – The CEOs of two Canadian oil and gas producers said on Tuesday they are seeking to avoid making rash decisions, as global oil prices hover around four-year lows and recession fears grow. Doug Bartole, CEO of Calgary-based InPlay Oil, said his company does not foresee reducing production or capital spending in the short …
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How Germany is Building up LNG Import Terminals
(Reuters) – Germany has looked to liquefied natural gas (LNG) imports to replace piped Russian gas since Moscow’s invasion of Ukraine in 2022. Its first move has been to deploy floating storage regasification units (FSRUs) to receive seaborne LNG, while longer term it plans shore-based regasification terminals and facilities to import and produce ammonia and …
NextDecade Signs 20-Year Deal with Aramco to Supply LNG From Rio Grande Facility
(Reuters) – U.S. liquefied natural gas producer NextDecade said on Tuesday it had signed an agreement with a subsidiary of Saudi Aramco to supply the superchilled gas from its Rio Grande facility for 20 years. As part of the deal, the Aramco subsidiary will purchase 1.2 million tonnes per annum of LNG from Train 4 …
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NextDecade, Aramco Agree to 20-Yr LNG Offtake Deal for Rio Grande Train 4
Aramco will buy 1.2 mtpa from NextDecade Corp. upon completion of its Rio Grande Train 4 at a price indexed to Henry Hub.
Chinese LNG Buyers Resell US Cargoes as Tariffs bite
Chinese buyers of LNG are re-selling U.S.-sourced cargoes as tit-for-tat tariffs drive up import costs, and the trend is set to accelerate as new multi-year supply deals kick in this month and domestic demand weakens, traders and analysts say. Beijing, which imposed 15% tariffs on U.S. LNG imports in early February, on Friday slapped reciprocal …
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Inside Prairie’s 11-Well Program in the D-J
Prairie Operating Co.’s 11-well program in the Denver-Julesburg Basin is drilling horizontal 2-milers with a Precision Drilling rig.
Mexico Weighs Increasing Fracking to Reduce Reliance on US Gas, FT Reports
Mexico has been speaking to private sector companies about increasing fracking to reduce its reliance on U.S. gas amid heightened trade tensions between the two countries, the Financial Times reported on Tuesday. Imports, which are almost entirely from the United States, meet 72% of the total demand for natural gas consumed in Mexico. Any policy …
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