By Kalea Hall DETROIT, May 13 (Reuters) – General Motors (GM.N) and battery partner LG Energy Solution (373220.KS) are planning to start commercial production of lower-cost cells for future electric vehicles at a U.S. facility starting in 2028, the companies said on Tuesday. The cells will have a lithium manganese-rich (LMR) chemistry, which GM says …
GM, LG to Make New, Lower-Cost Cells for Future EVs 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 »
(Reuters) – Canadian Prime Minister Mark Carney, who won an election last month promising to stand up to U.S. President Donald Trump, unveiled a new cabinet on Tuesday that he said would help define a new relationship with the United States. Carney cut the number of ministers to 29 from the 39 under former Prime …
Carney Unveils Cabinet Aimed at Resetting US-Canada Ties 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 »
Leak Detection and Repair programs are ctitical and safe
The U.S. on Tuesday imposed sanctions on a shipping network it says has sent millions of barrels of Iranian oil to China, the State Department said, days after Iran and U.S. negotiators concluded a fourth round of nuclear talks in Oman. The sale of the oil helped fund Iranian weapons and attacks by the Houthi …
US Imposes Sanctions on Network Sending Iranian Oil to China 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 »
Tamboran is selling interest in 100,000 acres to Daly Waters Energy for US$15 million as part of a deal to finalize the checkerboard of their joint acreage position in Australia’s Beetaloo Basin.
ArcLight Capital Partners has closed on its $1.7 billion deal with Brookfield Infrastructure, making the investment company the largest stake owner of the Kinder Morgan-operated Natural Gas Pipeline Co. of America.
