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By Naureen S Malik Paul Segal Photographer: LS Power LS Power bet on buying and building natural gas power plants at a time when some analysts considered them almost relics, doomed to be sidelined by solar and wind. Now, utilities see gas-fired plants as essential to meeting a surge of electricity demand from new data …
AI Boom Helps Score $12 Billion Deal for Little-Known LS Power Read More »
By Andrea Jaramillo Pumpjacks in Colombia. Photographer: Nicolo Filippo Rosso/Bloomberg Colombia’s oil and gas association urged authorities to take “urgent action” after a surge in sabotage attacks on critical energy infrastructure. A group broke in and set fire to the Quifa field facilities in Meta province in central Colombia on Monday, the association known as …
Colombian Oil Sector Seeks Protection From a Wave of Sabotage Read More »
The proposal would eliminate popular tax credits for electric vehicles and home solar. By Ari Natter and Mark Chediak Workers install solar panels on a home in San Francisco. Photographer: Michaela Vatcheva/Bloomberg House Republicans released their first stab at a bill to extend President Donald Trump’s tax cuts, which would help pay for them by …
The Biggest Losers in the GOP Plan to Slash US Climate Spending Read More »
Four years ago, Saudi Crown Prince Mohammed bin Salman struggled to get an audience with then-President Joe Biden, who said he wanted to make the Gulf country a pariah after its leader allegedly ordered the murder of a Washington-based journalist. On Tuesday, President Donald Trump lavished effusive praise on Saudi’s de facto ruler, calling him …
Trump Lavishes Praise on Saudi Crown Prince, Signaling Renewed Alliance Read More »
The Trump administration will shrink the time it takes to review potential land parcels on federal lands for oil and gas development by about half, to six months, the Interior Department said on Tuesday. WHY IT’S IMPORTANT The move to streamline the oil and gas leasing process aligns with President Donald Trump’s energy dominance agenda, …
US to Speed Up Oil and Gas Land Parcel Reviews for Federal Leasing Read More »
May 13 (Reuters) – Commodities giant Glencore (GLEN.L) finalised a deal to buy 2 million tonnes per annum (mtpa) of LNG from Commonwealth’s export facility in Louisiana, along with equivalent natural gas supply from Kimmeridge Texas Gas, the companies said on Tuesday. WHY IT’S IMPORTANT The 20-year agreement, which was initially announced last year as …
Glencore Strikes 20-Year Deal With Commonwealth LNG, Kimmeridge Read More »
By Tanay Dhumal and Curtis Williams Venture Global entire Plaquemines plant to produce LNG by end of 2025 Company plans to sell 550 LNG cargoes from CP2 project before moving to commercial operations Venture Global stock price soars almost 10% trading May 13 (Reuters) – Venture Global LNG (VG.N) shares jumped nearly 11% on Tuesday …
Venture Global LNG Shares Surge as Company Announces Plaquemines Ramp-Up Read More »
Goldman Sachs sees upside risk to its Brent and WTI oil price forecast in 2025 and 2026 from recent trade de-escalation, it said in a note on Tuesday. The bank estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectively for the rest of …
Goldman Sachs Sees Upside Risk to Brent, WTI Oil Price Forecasts Read More »
Kayne Anderson has closed its third energy income fund with $2.25 billion of total capital committed, the investment firm said, far exceeding an initial target as investors show renewed appetite for oil and gas assets. The fund, Kayne Private Energy Income Fund III, will invest in high-quality private companies focused on producing oil and natural …
Kayne Anderson Raises $2.25 Billion for Third Energy Income Fund Read More »
Summary • Markets cautious on US-China tariff relief • Increasing OPEC+ supply weighs on prices • Fuel demand and refining margins stable (Reuters) – Oil prices rose on Tuesday but gains were capped by rising supplies and caution over whether the pause in the U.S.-China trade war will lead to a longer-term deal. Brent crude …
Oil Prices Rise as Market weighs US-China Trade Developments Read More »
