Kissler: Producers Might Want to Chill, Baby, Chill
As good as the Trump administration’s “drill, baby, drill” may initially sound, global oil production will slow if the price sinks below $60/bbl.
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US NatGas Prices Fall 3% to 5-Month Low on Big Storage Build, Mild Weather
U.S. natural gas futures fell about 3% to a five-month low on April 24 on a bigger-than-expected weekly storage build and expectations that mild weather will keep heating and cooling demand low in coming weeks.
GeoPark Names Felipe Bayon as New CEO
GeoPark’s new CEO Felipe Bayon formerly served as the CEO of Latin American energy major Ecopetrol from 2017 to 2023.
Range Resources’ East Coast Position Helps to Ride Tariff Turmoil Wave
Gas producer Range Resources says having access to markets out of the East Coast is a benefit during the U.S.-China trade war as most of its exports head to Europe.
EU to Present Roadmap in May to Phase Out All Imports of Russian Fossil Fuels
(Reuters) – The European Commission will in the next two weeks present a roadmap on how it intends to phase out all imports of Russian fossil fuels, its President Ursula von der Leyen said at an energy event in London on Thursday. The European Commission has pledged to quit Russian fossil fuels by 2027 in …
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German Gas Output Falls 2.3% in 2024, Oil Stable
(Reuters) – Germany’s domestic gas production fell 2.3% to 4.2 billion cubic metres in 2024 while oil output was stable at 1.6 million metric tons, industry association BVEG said on Thursday. The BVEG companies achieved a turnover of 2.4 billion euros ($2.7 billion) from their German production activities, down from 3 billion euros a year …
German Gas Output Falls 2.3% in 2024, Oil Stable Read More »
Morgan Stanley Infra Partners Eyes $2 billion Permian Pipelines Sale, Sources Say
(Reuters) – Morgan Stanley Infrastructure Partners is exploring the sale of its majority stake in Brazos Midstream II, with a deal expected to value its holding at more than $2 billion including debt, three people familiar with the matter said. Brazos moves natural gas, natural gas liquids and oil from the wellheads of five Texas …
Morgan Stanley Infra Partners Eyes $2 billion Permian Pipelines Sale, Sources Say Read More »
Ørsted Adds New Members to Group Executive Team
Offshore wind developer Ørsted appoints Amanda Dasch as chief development officer and Godson Njoku as chief generation officer, effective May 1.
US Clashes With Allies on Energy Security Vision at IEA Summit
By Grant Smith Ed Miliband during the International Summit on the Future of Energy Security in London. Photographer: Chris J. Ratcliffe/Bloomberg At this week’s flagship international summit on energy security, the clashing visions of the US and its allies were on full display. Beginning with the event’s hosts — the International Energy Agency and the …
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XCL Resources Team Launches X2, Targets Multibillion-Dollar M&A
X2 Resources, led by the team behind XCL Resources, is targeting $500 million to multibillion-dollar acquisitions across “premier” oil and gas basins with backing from EnCap and other investors.