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(Reuters) – The latest Trump administration sale of oil and gas drilling rights in the Gulf of Mexico attracted nearly $82.7 million in high bids on Wednesday, generating more money than a sale in March, but far less than one held in December. The Trump administration offered more than 80 million acres (32.4 million hectares) …
US Gulf of Mexico Oil and Gas Lease Sale Attracts $82.7 Million in High Bids Read More »
U.S. natural gas futures climbed about 4% to a one-week high on Monday as daily flows to liquefied natural gas (LNG) export plants rose to a one-month high. Front-month gas futures for September delivery on the New York Mercantile Exchange (NYMEX) rose 9.5 cents, or 3.6%, to $2.757 per million British thermal units (mmBtu), …
US Natgas Prices Climb 4% as LNG Export Flows Hit One-Month High Read More »
(Reuters) – U.S. energy firms left the overall rig count unchanged in the latest week, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, held at 588 in the week to August 7 from the previous week. Baker …
US Energy Firms Leave Rig Count Unchanged in Latest Week, Baker Hughes Says Read More »
By Dana Hull SpaceX plans to build its own power plants to support the massive semiconductor manufacturing facility it’s developing in Texas with Tesla Inc. “We’re bringing our own power,” Riley Trettel, who oversees energy and data center development for SpaceX, said Wednesday during a public meeting in Grimes County, Texas. “We’re going to be …
SpaceX to Build Natural Gas Power Plants for Texas Chip Factory Read More »
By Scott Squires Mexico’s government will not allow unconventional drilling in a key shale basin, as officials cautiously explore the politically sensitive practice as a way to reduce dependence on US natural gas. The ban on hydraulic fracturing — a form of unconventional drilling better known as fracking — applies to the Tampico-Misantla basin, a …
Mexico Bans Oil and Gas Fracking in Key Basin, Sheinbaum Says Read More »
By API – American Petroleum Institute The current disruption has tested global energy markets. While uncertainty remains high, the United States entered this period producing record amounts of oil, operating world-class refineries and supplying more new energy to global markets than any other country. Markets remain tight, inventories are low and uncertainty around the Strait of …
AMERICAN ENERGY SNAPSHOT: How America Became the World’s Energy Stabilizer Read More »
By Emma Sanchez US pipeline operators are racing to expand their capacity to help power new data centers. Energy Transfer LP is developing pipeline projects to meet rising demand for gas-fired electricity, Co-Chief Executive Officer Thomas Long said during a call with analysts on Tuesday. The company expects to announce more details in coming months. …
Pipeline Owners Race to Build Capacity as AI Power Demand Jumps Read More »
(Reuters) – Mexican President Claudia Sheinbaum is evaluating potential pilot fracking projects in the northern states of Coahuila and Tamaulipas that could help boost domestic gas production, according to four sources familiar with the discussions. Mexico already produces a small amount of crude oil and gas through fracking, but the government and state company Pemex …
Mexico’s Sheinbaum Weighs Pilot Fracking Projects to Boost Gas Production, Sources Say Read More »
Takeaways by Bloomberg AI Williams Cos. reached a deal to buy Momentum Midstream LLC from EnCap Flatrock Midstream through a deal valued up to $5.5 billion, expanding its natural gas network along the US Gulf Coast. Williams will pay $3.5 billion in cash and debt consideration and about $2 billion in stock for the company, adding …
M&A: Williams Agrees to Buy Momentum Midstream for $5.5 Billion Read More »
Summary Brent averaged $126.41/bbl in April, up from $69.82 in January Analysts expect shareholder returns, not higher drilling (Reuters) – U.S. shale producers are expected to report their strongest quarterly profits since 2022 after the Iran war sent crude prices soaring, with analysts expecting much of the windfall to be returned to shareholders rather …
