Summary Brent, WTI rise after more than 2% drop in previous session Brent and WTI post second straight weekly gains Focus on Iran nuclear deal IEA hikes supply growth forecast, eyes surplus this year and next (Reuters) – Oil settled higher on Friday, notching a second straight week of gains on easing U.S.-China trade tensions, …
Oil Posts Weekly Gain but Remains Under Supply Hike Pressure Read More »
Summary US seeks to triple LNG export capacity by 2030 Trump’s 25% steel, aluminum tariffs boost construction costs Cheniere, Venture Global among those seen approving new plants HOUSTON, May 16 (Reuters) – Woodside Energy’s decision last month to proceed with its Louisiana LNG export facility was the first of over 90 million tonnes of new LNG shipping …
US LNG Exporters Push Forward New Projects Despite Trade War Uncertainty Read More »
Occidental Petroleum is exploring a joint venture in which ADNOC’s XRG would invest up to $500 million for the development of a direct air capture facility in South Texas.
Brazos Midstream CEO Brad Iles said the time wasn’t right to sell a majority stake in the company.
The April 28 blackout across Spain and other parts of Europe served as a wake-up call on both sides of the Atlantic. The U.S.’ new Energy Dominance Council will need to address hard-hitting questions on power generation, transmission and distribution.
By Kate Abnett BRUSSELS, May 16 (Reuters) – The European Commission will next month propose legal measures to fully phase out the EU’s Russian gas imports by the end of 2027, and ban spot contracts with Russia by the end of this year. Here’s how that could work. HOW WILL THE EU BAN RUSSIAN GAS? …
U.S. shale giant EOG Resources will evaluate 900,000 acres in a hydrocarbon-rich basin in Abu Dhabi under a new concession agreement with ADNOC.
Utility Vistra said on Thursday it would acquire seven natural gas generation facilities, with a combined capacity of nearly 2,600 megawatt, from Lotus Infrastructure Partners for $1.9 billion, as it looks to meet growing power demand. The deal includes five combined cycle gas turbine facilities and two combustion turbine facilities located across PJM, New England, …
Utility Vistra to Buy Natural Gas Assets for $1.9 Billion Read More »
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China’s new interest in Canadian oil comes as U.S. President Donald Trump’s trade war has strained relations …
With US Trade War, China Now Top Buyer for Canadian Crude on Trans Mountain Pipeline Read More »
(Reuters) – Canadian oil and gas producer Strathcona said late Thursday it plans to launch a C$5.93 billion ($4.25 billion) hostile takeover bid for rival MEG Energy, aiming to create one of the country’s largest oil sands companies. The all-cash-and-stock unsolicited offer would combine two of Canada’s largest pure-play thermal oil sands operators, and make Strathcona …
Canadian Oil Producer Strathcona to Launch US$4.25 Bln Hostile Bid for MEG Energy Read More »
