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Australia’s Woodside Energy wants to become one of the world’s largest independent producers of liquefied natural gas (LNG). In itself this is not a bad ambition. But choosing to do so by taking over a troubled U.S. LNG project is certainly a brave way of going about it. Woodside said on Monday it has agreed …
Woodside Goes All-In on LNG With Brave Tellurian Buy: Russell Read More »
(Reuters) – Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. Brent futures settled at $85.11 a barrel, rising 3 cents, while U.S. West Texas Intermediate (WTI) crude fell …
Oil Prices Steady as U.S. Rate-Cut Hopes Contend with Economic Slowdown Signals Read More »
A federal judge has ordered the U.S. Bureau of Land Management to pause approving new permits to drill for oil and gas on nearly 120,000 acres of federal land in Wyoming until it finishes reevaluating the environmental impacts of a lease sale. Tuesday’s decision by U.S. District Judge Christopher Cooper in Washington, D.C., followed his …
Judge Pauses Wyoming Oil and Gas Drilling Leases Pending Review Read More »
U.S. gas inventories are near record highs for this time of year after exceptionally mild temperatures linked to the El Nino weather phenomenon slashed gas and electricity consumption for heating during the winter of 2023/24. But ultra-low prices are maximising gas combustion by power generators and forcing producers to cut back drilling, which should ensure …
U.S. Gas Surplus will be Eliminated Before End of Winter 2024/25: John Kemp Read More »
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will ease from a record 103.79 billion cubic feet per day (bcfd) in 2023 to 102.99 bcfd in …
U.S. Natgas Output to Decline in 2024, While Demand Rises to Record High, EIA Says Read More »
The report, which completes an investigation started nearly three years ago, includes the release of internal corporate documents. Democratic lawmakers in the US lambasted oil companies in a new report on Tuesday, claiming that the industry has engaged in “an elaborate campaign of deception and doublespeak” to forestall meaningful climate action and sustain their outsized …
U.S. Lawmakers Condemn Oil Industry’s ‘Deception’ on Climate Action Read More »
OKLAHOMA CITY, April 30, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported first quarter 2024 financial and operating results. Net income of $26 million, or $0.18 per fully diluted share; adjusted net income(1) of $80 million, or $0.56 per share Net cash provided by operating activities of $552 million Adjusted EBITDAX(1) of $508 million; free cash …
Chesapeake Energy Corporation reports first quarter 2024 results Read More »
Kimmeridge says it sees no pathway towards a transaction Kimmeridge will instead focus on nominees to SilverBow board Shale driller SilverBow Resources Inc. dropped more than 6% after Kimmeridge Energy Management Co. withdrew a merger offer and said it’ll focus on winning board seats. “Given SilverBow’s lack of engagement, Kimmeridge sees no pathway towards a transaction,” Kimmeridge said in …
Shale Gas Driller SilverBow Plunges After Kimmeridge Drops Bid Read More »
WASHINGTON (AP) — In a move that environmentalists called a betrayal, the Biden administration has approved construction of a deepwater oil export terminal off the Texas coast that would be the largest of its kind in the United States. The Sea Port Oil Terminal being developed off Freeport, Texas, will be able to load two …
DUBAI, United Arab Emirates, March 27, 2024 (GLOBE NEWSWIRE) — Vantage Drilling International Ltd. (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $14.6 million, or $1.10 per diluted share, for the three months ended December 31, 2023, as compared to a net loss attributable to controlling interest of $16.4 …
Vantage Drilling International Ltd. Reports Fourth Quarter and Full-Year 2023 Results Read More »
