Ithaca Grows in UK North Sea with $193MM JAPEX Deal
Ithaca Energy is paying $193 million to acquire JAPEX UK E&P, which holds a 15% working interest in the Seagull oil field of the U.K. Central North Sea.
Charif Souki Plans Third US NatGas Venture, Including E&P Team
Charif Souki, co-founder of the Lower 48’s first and largest LNG exporter, has his sights set on a third natural gas venture just months after his exit from Tellurian Inc.
US Army Corps to Narrow List of Emergency Energy Projects by Next Week
(Reuters) – The Army Corps of Engineers will complete as soon as next week its revised list of energy projects that could be fast-tracked under President Donald Trump’s declaration of a national energy emergency, a U.S. Army Corps official told Reuters. The Army Corps, a federal engineering service with permitting authority over projects involving wetlands …
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How Russian Energy Trade Might Change if Sanctions are Eased
As talks aimed at ending the war in Ukraine continue, a potential relief in sanctions imposed on Russia, including its vast energy sector, is one of the issues on the agenda. Oil and gas exports are a key revenue source for Moscow and the sector has been subject to Western sanctions since 2014, when Russia …
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ENGIE Adds 900 MW Solar, Storage to Portfolio from Ares Management
The addition brings ENGIE North America and Ares Management’s partnership to 3.7 gigawatts of investment in U.S. generation.
In Colorado, the Regulatory Noose Tightens for E&Ps
More stringent rules on everything from drilling and orphan wells to emissions is raising the cost of fossil fuel production in the state.
Shell Traders Haven’t Lost Money in Any Quarter Over Last Decade
By Mitchell Ferman Shell Plc’s sprawling in-house trading operation — which includes oil, natural gas and electricity — hasn’t lost money during a single quarter over the last decade, said Chief Executive Officer Wael Sawan. The London-based energy giant keeps a tight lid on information about its trading business for competition reasons, but Sawan provided …
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Shell Vows to Raise Investor Returns as It Bets Big on LNG
By Mitchell Ferman and James Herron Shell Plc said it would boost investor returns through the end of this decade by reinforcing its position as the world’s top trader of liquefied natural gas. The London-based energy giant will expand LNG sales, the key driver of profit growth in recent years, by 4% to 5% annually …
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COMMENTARY: Solar and Wind Power Are Expensive – Fraser Insitute
By Bjørn Lomborg Global evidence is clear: Adding more solar and wind to the energy supply pushes up the price of electricity for consumers and businesses. Families in Ontario know this already from their bitter experience: from 2005, the Ontario government began phasing out coal energy and dived headlong into subsidizing wind and solar generation. Those green …
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Tidewater Midstream Closes CA$24MM Alberta Roadway Sale
Tidewater Midstream and Infrastructure agreed to sell the roadway network, located around the Brazeau River Complex, to Canadian Resource Roadways for CA$24 million (US$16.8 million).