Matterhorn Express Ramps Up Natural Gas Flow
The Matterhorn Express Pipeline flowed 317 MMcf of natural gas to customers on Oct. 1, according to East Daley Analytics.
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Tellurian Shareholders Back Proposed $1.2 bln Woodside Deal
(Reuters) – Tellurian shareholders have voted in favor of the U.S. LNG developer’s proposed $1.2 billion acquisition by Australian energy producer Woodside Energy Group, the company said on Friday. Shares rose 1.4% to 98 cents in premarket trade. Woodside in July agreed to buy Tellurian, including its U.S. Gulf Coast Driftwood LNG export project. The …
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US Natgas Set for 6th Straight Weekly Gain on Worries over Tighter Supplies
(Reuters) – U.S. natural gas futures eased on Friday, but looked still set for their sixth straight weekly gain on worries over tighter supplies due to a decline in output and as the latest federal report showed utilities added smaller-than-normal amount of gas into storage last week. Front-month gas futures for November delivery on the …
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JP Morgan Expects Brent at $80/barrel in Q4 as Middle East Tensions Escalate
(Reuters) J.P. Morgan Global Commodities Research maintains Brent oil averaging $80 per barrel (bbl) in 4Q24 Crude prices are set for 10% weekly gains as investors weighed the prospect of a wider Middle East conflict, Brent crude futures trading at $78.71 a barrel while U.S. West Texas Intermediate crude futures trading at $74.79 a barrel …
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Duke Plans to Delay Coal Plant Closing Despite Climate Goals
Firm seeks to extend life of Indiana facility by three years Power demand spike has complicated utilities’ climate goals Duke Energy Corp. plans to extend the life of its largest coal-fired power plant, pushing aside its climate goal to shutter all facilities that burn the dirty fuel by 2035. The utility said it plans to operate …
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Exxon Sees $1.6 Billion Earnings Hit From Oil, Refining Margins
Exxon Mobil Corp. said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period. The oil giant revealed quarterly earnings guidance in a regulatory filing Thursday. The impacts of lower oil prices and shrinking refining margins will be partly mitigated by gains of about $900 million from timing effects and …
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Britain Promises up to $28.5 Bln for Carbon Capture Projects
(Reuters) – Britain will provide funding of up to 21.7 billion pounds ($28.5 billion) over 25 years to develop carbon capture and storage (CCS) projects to curb emissions from industry and create new jobs in northern England, the government said on Friday. Britain has a climate target to reach net zero emissions by 2050 and …
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Exclusive: Sheffield Clears the Air, Formentera is Not Just a PDP Buyer
Formentera Founder and Partner Bryan Sheffield delves into the company’s drilling operations including the unique history of how Formentera took up assets in Australia’s Beetaloo, in this Hart Energy Exclusive interview.
Texas Pacific Land Closes $290MM Permian Minerals, Royalties Deal
Texas Pacific Land Corp. acquired Permian Basin oil and gas minerals and royalties operated by Exxon Mobil, Diamondback Energy, Occidental Petroleum and ConocoPhillips.
The Karl Rove Oil Executive Poll Result: The Industry Is Not Happy
A show of no hands revealed more than 400 attendees at Hart Energy’s Energy Capital Conference are not happy with U.S. politics today—and have no confidence it will be better after Nov. 5.