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By Dharna Bafna Constellation to sell Texas gas plant to LS Power for $860 million Company raises 2026 profit forecast Company beats Q2 profit estimates Aug 6 (Reuters) – Power company Constellation Energy (CEG.O) said on Thursday it will sell a gas plant in Texas to LS Power for $860 million, and raised its current-year …
Constellation Energy to Sell Gas Plant to LS Power, Raises Profit Forecast Read More »
By Nichola Groom RWE will shift investment to gas projects, including Louisiana LNG and US gas power plants Deal is Trump administration’s fifth offshore wind lease cancellation agreement this year RWE had stopped work on US offshore wind last year, citing Trump administration moves against industry Aug 6 (Reuters) – German energy company RWE (RWEG.DE) …
RWE, Trump Administration Reach $1.22 Billion Agreement to Cancel Offshore Wind Leases Read More »
(Reuters) – Japan Petroleum Exploration said on Thursday it will acquire all equity interests in four Fundare companies holding tight oil and gas assets in Colorado and Wyoming for about $320 million. The acquisition, expected to close in the October-December quarter, follows the purchase of adjacent Verdad Resources assets in February and is expected to …
Japex to Buy US Tight Oil and Gas Assets for $320 Million Read More »
(Reuters) – Global crude prices have fallen back towards $80 a barrel on expectations that a U.S.-Iran dealwill reopen the Strait of Hormuz, echoing the market response before the largely failed mid-June ceasefire. But the global energy market is now far more precarious, making traders’ optimism even less justified. Brent crude oil has tumbled from …
Oil Traders Double Down on Iran Deal Bet as Odds Worsen: Bousso Read More »
(Reuters) – Oil and gas producer APA beat Wall Street estimates for second-quarter profit on Wednesday, helped by higher oil prices. The U.S.-Israeli conflict with Iran, now in its sixth month, has raised concerns about disruptions to Middle East oil supplies and shipping through the Strait of Hormuz, pushing benchmark Brent crude prices up 19.2% …
Shale Producer APA Beats Second-Quarter Profit Estimates Read More »
(Reuters) – U.S. shale producer Occidental Petroleum reported its highest quarterly profit since 2022, surpassing Wall Street expectations on Wednesday, helped by higher oil prices and production. Benchmark Brent crude prices averaged 19.2% higher at $89.62 per barrel in the quarter from a year earlier as the conflict in the Middle East, now in its …
Occidental Quarterly Profit Soars to Highest Since 2022 on Oil Rally Read More »
(Reuters) – Dealmaking in the U.S. upstream oil and gas sector shrank fourfold to $9 billion in the second quarter of this year as volatile oil prices tempered investor confidence, analytics firm Enverus said on Wednesday. “Crude volatility tied to the Iran conflict and a softening gas outlook likely widened the bid-ask spread and complicated …
US Upstream Oil and Gas Second-Quarter Dealmaking Dives on Volatility Read More »
(Reuters) – U.S. crude stocks rose as refineries eased processing slightly and imports edged higher, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 2.5 million barrels to 407 million barrels in the week ended July 31, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.5 …
US Crude Inventories Rise as Refinery Runs Ease and Imports Climb, EIA Says Read More »
By Emma Sanchez US pipeline operators are racing to expand their capacity to help power new data centers. Energy Transfer LP is developing pipeline projects to meet rising demand for gas-fired electricity, Co-Chief Executive Officer Thomas Long said during a call with analysts on Tuesday. The company expects to announce more details in coming months. …
Pipeline Owners Race to Build Capacity as AI Power Demand Jumps Read More »
by EnergyNow Guest Columnist President Donald Trump has repeatedly claimed that the United States does not need Canadian energy. Ahead of his May 6, 2025, meeting with Prime Minister Mark Carney, Trump wrote that the United States did not need Canada’s energy, automobiles or lumber and questioned why America should continue buying those products. It …
