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Pipeline Operator TC Energy Beats Profit Estimates on Strong LNG Demand

Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, Pipelines, US News / By

By Reuters (Reuters) – Pipeline operator TC Energy  beat first-quarter profit estimates on Friday, helped by robust demand for liquefied natural gas (LNG). Demand in the U.S., the largest importer of Canada’s oil and gas, rose in the first quarter according to the U.S. Energy Information Administration, benefiting Canadian energy firms. Total earnings from TC Energy’s pipeline …

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Biggest Oil and Gas Sector Deals Since the Start of the Century

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Natural Gas, Oil, US News / By

(Reuters) – Top U.S. oil and gas producer Exxon Mobil  has won the approval of the Federal Trade Commission (FTC) to close its deal for Pioneer Natural Resources  on the condition that former Pioneer CEO Scott Sheffield is kept off its board. The U.S. oil and gas industry went on a $250 billion buying spree in 2023 …

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U.S. Natgas Prices Jump 5% on Higher Demand Forecast, Lower Output

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures jumped about 5% on Thursday on a continued drop in output and forecasts for more demand next week than previously expected due to an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants. The price rise came even though last week’s storage build was slightly bigger …

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Shell Smashes Forecasts with $7.7 Billion Quarterly Profit

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Natural Gas, Oil, Tri-Pinned, US News / By

Summary Shell announces further $3.5 bln in buybacks Oil trading boosted by Red Sea diversions and Russia disruption LNG earnings beat expectations LONDON, May 2 (Reuters) – Shell  reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The company also said …

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U.S. Oil and Gas Production Rebounds After Winter Storm: Kemp

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U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January. Nationwide crude and condensates output jumped by 0.6 million barrels per day (b/d) in February reversing a decline of 0.7 million b/d in …

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U.S. Henry Hub Natgas Prices Fall to 29-Year Low in April

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 U.S. spot natural gas prices at the Henry Hub benchmark in Louisiana fell to a 29-year low in April, according to data from financial firm LSEG. Gas prices averaged $1.60 per million British thermal units (mmBtu) in April, their lowest since averaging $1.59 during the month in 1995. That compares with $2.16 in April 2023, …

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U.S. Appeals Court Upholds FERC Approvals for Gas Pipeline Expansion

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines / By

A U.S. appeals court on Tuesday upheld federal approvals for a natural gas pipeline system expansion project in Louisiana and Mississippi, rejecting environmentalists’ claims that the government performed an insufficient review of its climate harms. A unanimous three-judge panel of the U.S. Circuit Court of Appeals for the D.C. Circuit held that the Federal Energy …

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TotalEnergies Talks Up New York Listing With Sector Abuzz About Switches

Conventional Energy, Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, US News / By

Total Talks Up New York Listing With Sector Abuzz About Switches Shell, Glencore already subject of speculation over move to US ESG more important to European investors than on Wall Street TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being lured by US investors’ …

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Texas Operators Turn to Flaring Amid Weak Gas Prices

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Pinned Primary, US News / By

(Reuters) – Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests. The Railroad Commission of Texas (RRC), which regulates the state’s oil and natural gas industry, last week approved 21 exemption requests from operators, mostly in …

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Global Upstream Sector Set for deals Worth $150 billion Over Rest of 2024, Report Says

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil / By

The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts at Rystad Energy said in a report. M&A activity in the global upstream industry has already crossed the $64 billion mark this year, most …

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