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(Reuters) – ConocoPhillips said on Friday it had agreed to acquire a 42% stake in BP Energy Company of Kirkuk Ltd from BP, joining the British oil major in redeveloping four producing oilfields in northern Iraq. The agreement is expected to be signed during Iraqi Prime Minister Ali al-Zaidi’s official visit to Washington, where he …
ConocoPhillips Joins BP in Iraq as Baghdad Seeks More US Energy Investment Read More »
(Reuters) – U.S. energy firms this week added rigs for a fifth week in a row for the first time since early June, boosting the total count to its highest since April 2025, energy services firm Baker Hughes said in its closely followed report on Friday. The total rig count, an early indicator of future …
US Energy Firms Boost Rig Count to Highest Since April 2025, Baker Hughes Says Read More »
By Mitchell Ferman TotalEnergies SE reported another quarter of bumper oil trading after the Iran war upended crude markets, but warned of underperformance in its gas business. The French major said earnings from oil trading “are expected to remain at the same strong level as in the first quarter,” reflecting the market upheaval caused by …
TotalEnergies Sees Strong Oil Trading Even as Gas Weakens Read More »
By Ahmed Rasheed and Muayad Hameed Zaidi bets on US companies to bolster energy sector Iran war dealt major blow to Iraq’s economy Zaidi expected to discuss deals with Trump BAGHDAD, July 13 – Iraq’s new Prime Minister Ali al-Zaidi aims to secure major U.S. investment in his country’s oil, gas, and power sectors during …
Iraq’s Prime Minister Seeks Big Energy Investments on US Trip Read More »
The cost of power from natural gas-fired plants in the US hit the highest level in at least 17 years, and is poised to climb even higher as demand surges from new data centers. That’s according to George Bilicic, global head of power, energy and infrastructure at Lazard Inc., which tracks the so-called levelized cost of energy. …
US Cost for Gas Power at 17-Year High and Climbing, Lazard Says Read More »
(Reuters) – U.S. energy firms this week added rigs for a fourth week in a row for the first time since early June, energy services firm Baker Hughes said in its closely followed report on Friday. The report, which Baker Hughes usually releases around 1 p.m. EDT (1700 GMT) on Fridays, was delayed by around …
US Energy Firms Add Rigs for Fourth Week in a Row, Says Baker Hughes Read More »
(Reuters) – U.S. natural gas futures fell about 4% to an eight-week low on Friday on forecasts for less hot weather than previously expected over the next two weeks, an expected decline in flows to liquefied natural gas (LNG) export plants during maintenance at Freeport LNG in Texas, and ample amounts of gas in storage. …
US Natgas Falls 4% to 8-Week Low on Milder Weather Outlook, Lower LNG Export Flows Read More »
By Michael S. Derby New York Fed president expects energy prices to cool in remainder of 2026 He declines to say what Fed should do at next policy meeting Williams says balance sheet changes should focus on bank safety NEW YORK, July 9 (Reuters) – New York Federal Reserve President John Williams said on Thursday …
Fed’s Williams Expects Energy Prices to Abate Even as Iran War Flares Read More »
By Neil Ford Canada’s new national power strategy creates huge investment opportunities for grids and clean power while loosening restrictions on gas-fired plants. July 7 – In May, Prime Minister Mark Carney announced plans to double national power generation and grid capacity by 2050 at an estimated cost of C$1 trillion ($729 billion). The National …
Canada Carves Role for Gas in Clean Power Grid Strategy Read More »
(Reuters) – A Qatari tanker loaded with liquefied natural gas (LNG) was at risk of exploding, one source said, after it sustained significant damage in an attack on the Omani side of the Strait of Hormuz on Tuesday. While the LNG industry has experienced a few accidents at onshore facilities, there has never been a …
