Conventional Energy

Auto Added by WPeMatico

Sweeping US Energy Department Layoffs Hit Offices of Loans, Nuclear Security, Sources Say

By Timothy Gardner and Valerie Volcovici Layoffs hit nuclear offices in security and Cold War cleanup Some NNSA firings were rescinded, essentials can stay -source Loan Programs Office loses 45 workers, grid office 18 DOE has about 14,000 employees, 95,000 contractors WASHINGTON, Feb 14 (Reuters) – The administration of U.S. President Donald Trump has laid …

Sweeping US Energy Department Layoffs Hit Offices of Loans, Nuclear Security, Sources Say Read More »

Russia Seen Struggling to Reach its LNG Targets, Experts Say

(Reuters) – Exports of Russia’s liquefied natural gas (LNG) will likely not exceed 67 million metric tons by 2030, falling far short of its 100 million target due to international sanctions, experts said at an industry conference on Friday. Russia has focused on development of LNG, which could be delivered by sea tankers, as its …

Russia Seen Struggling to Reach its LNG Targets, Experts Say Read More »

Oilfield Services Firm SLB Names New Chief Strategy, Performance Officer

(Reuters) – Oilfield services provider SLB has named new chief strategy and performance officers, according to a company memo seen by Reuters, the latest steps in a larger reorganization of its global structure. Aparna Raman has been appointed chief strategy and marketing officer, the memo said, effective March 1. Raman was most recently president of …

Oilfield Services Firm SLB Names New Chief Strategy, Performance Officer Read More »

Pipeline Company Enbridge Reports $493 Million Q4 Profit

Enbridge Inc. reported a profit attributable to common shareholders of $493 million in its fourth quarter, down from $1.73 billion a year earlier. The pipeline company says the profit amounted to 23 cents per share for the quarter ended Dec. 31, down from 81 cents per share in the last three months of 2023. On …

Pipeline Company Enbridge Reports $493 Million Q4 Profit Read More »

Russia to be ‘Reintegrated’ Into World Economy if War in Ukraine Ends, Orban Says

Russia will be “reintegrated” into the world economy and the European energy system once a peace deal is achieved and the war ends in Ukraine, Prime Minister Viktor Orban told state radio on Friday. “If the U.S. president comes and creates peace, there is a deal, I think Russia will be reintegrated into the world …

Russia to be ‘Reintegrated’ Into World Economy if War in Ukraine Ends, Orban Says Read More »

Trump Says India Agreed to Purchase More US Oil and Gas

 President Donald Trump said on Thursday the U.S. and India have struck an agreement that includes India importing more U.S. oil and gas to shrink the trade deficit between the two countries. Trump made the comments after a bilateral meeting at the White House with India’s Prime Minister Narendra Modi. (Reporting By Jarrett Renshaw; Editing …

Trump Says India Agreed to Purchase More US Oil and Gas Read More »

Trump’s Plans to Boost LNG Will Help India’s Buyers, Gail Says

More fuel in the market seen moderating sky-high prices The company will revive effort to invest in a US export plant By Stephen Stapczynski and Rakesh Sharma Gail India Ltd., one of the country’s top liquefied natural gas buyers, expects US President Donald Trump’s goal of increasing energy production to make fuel imports more viable …

Trump’s Plans to Boost LNG Will Help India’s Buyers, Gail Says Read More »

Soros to Slim Are Plowing Money Into US Shale Oil as Private Equity Retreats

Ultra-rich families are flocking to the industry, lured by more stable returns after years of boom-and-bust cycles. Oil rigs in the Permian Basin. Photographer: Sergio Flores/Bloomberg By David Wethe and Benjamin Stupples Once a relatively rare presence in the US oil industry, firms overseeing the assets of ultra-rich families — including the billionaire dynasties of …

Soros to Slim Are Plowing Money Into US Shale Oil as Private Equity Retreats Read More »

US NatGas Prices Climb 4% to Two-Week High on Rising LNG Flows, Cold Weather

(Reuters) – U.S. natural gas futures climbed about 4% to a two-week high on Thursday on rising flows to liquefied natural gas (LNG) export plants, a drop in daily output and forecasts for cold weather and higher demand over the next two weeks than previously expected. Prices rose despite forecasts for the return of mild …

US NatGas Prices Climb 4% to Two-Week High on Rising LNG Flows, Cold Weather Read More »

Hedge Fund Elliott Commands Attention in C-suites as Relentless Activist

When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge fund say executives can expect a strong view on their shortcomings, backed by meticulous research and financial firepower. Now, storied oil giant BP is in Elliott’s sights. The investment firm, which manages $70 billion, has …

Hedge Fund Elliott Commands Attention in C-suites as Relentless Activist Read More »