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Big metal tubes filled with flammable vapor aren’t an obvious element of the artificial intelligence vision. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. The fervor for all things AI …
The AI Revolution Needs Chips, Software – and Gas Pipelines Read More »
Controversial project is due to be completed in second quarter Equitrans was spun out of EQT in 2018 after investor pressure US natural gas producer EQT Corp. agreed to buy back former unit Equitrans Midstream Corp. for about $5.5 billion in stock, the latest in a flurry of deals in the oil and gas pipeline industry. The transaction will …
EQT to Acquire Mountain Valley Pipeline Owner for $5.5 Billion Read More »
(Reuters Breakingviews) – Gas producer EQT’s old management weathered an activist investor outcry, squeaked through an expensive deal, and spun off its pipeline division – only to be ejected by the executives they bought out. Now, new management is putting the pieces back together, on Monday striking a merger with that spinoff, Equitrans Midstream. It’s a sign …
Anatomy of the Deal: A $35 Bln Gas Reunion Tracks a Topsy-Turvy Market Read More »
Summary Series A funding round led by Prime Movers Lab Aramco Ventures, Amazon Climate Pledge Fund also backers Cash to drive technology development, field installations WASHINGTON, March 12 (Reuters) – Los Angeles-based CarbonCapture, which aims to build machines that suck carbon dioxide out of the air to fight climate change, said it had raised …
U.S.-Based CarbonCapture Raises $80 Mln from Saudi Aramco, Others Read More »
Summary Reuters analysed 16 years of monthly reports Gap between the two represents 1% world demand Analyst consensus closer to IEA But analysts agree with OPEC peak demand far off LONDON, March 11 (Reuters) – Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of oil demand growth, are further …
OPEC, IEA at Most Divided on Oil Demand Since at Least 2008 Read More »
U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday. In December, U.S. crude oil production hit a new monthly record high of over 13.3 million bpd, the …
U.S. Leads Global Oil Production for Sixth Straight Year – EIA Read More »
The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. Dealmaking is on the rise as oil and gas producers are looking to improve longevity of inventories at low cost, and focus on cash that …
EPA rule combats toxic gas emissions from oil, gas industry Texas accuses federal regulators of ‘blatant overreach’ Bloomberg Texas, the nation’s biggest energy producing state, filed a complaint asking a court to block a new rule by the US Environmental Protection Agency that targets reductions in methane emissions from the oil and gas industry. State Attorney General Ken …
Texas Challenges U.S. EPA Over New Rule on Methane Emissions Read More »
March 11 (Reuters) – Summit Carbon Solutions, which is trying to build the biggest carbon dioxide capture pipeline in the United States to transport and bury greenhouse gases, has repeatedly pledged its project will not be used by drillers to boost output from oil fields. But Summit has a different message for prospective clients, including …
U.S. Carbon Pipeline Company Pledges No Oil Recovery, but Bakken Drillers Want It Read More »
(Reuters) – EQT Corp has decided to buy back its former unit Equitrans Midstream in an all-stock deal to create an integrated natural gas provider valued at more than $35 billion, the companies said on Monday. Shares of Equitrans jumped more than 8% in premarket trading, while EQT was down about 1%. Under the terms of …
EQT, Equitrans Midstream to Merge to Create $35 Billion Firm Read More »
