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(Reuters) – U.S. energy firms this week added rigs for a sixth time in seven weeks, 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, rose by one to 588 in the week to July 31. Baker Hughes …
US Energy Firms Add Rigs for Sixth Time in Seven Weeks, Says Baker Hughes Read More »
Summary YPF projects Vaca Muerta will generate $50 billion in exports by 2031 Think tank says 28,000 businesses have closed under Milei, 5.5% of national total Oil and gas sector needs 30,000 to 43,000 more workers, institute says (Reuters) – Ramiro Ramirez, a trained mechanic, found work in just a month at Argentina’s Vaca Muerta, …
Summary Profit of $9.8 bln vs expectations of $8.9 bln, $4.3 bln year ago Share buybacks kept at $3 bln for next quarter Highest profit, operating cashflow since 2022 Shell’s net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility …
(Reuters) – U.S. regulators have approved Cheniere Energy’s request to introduce natural gas into Train 7 of its Corpus Christi LNG export project in south Texas, according to a Federal Energy Regulatory Commission (FERC) letter issued on Tuesday. The approval takes the largest U.S. LNG exporter one step closer to production from its seventh and …
Cheniere Gets Approval to Introduce Natural Gas Into Final LNG Expansion Plant Read More »
(Reuters) – U.S. natural gas futures slid about 4% to an 11-week low on Monday on record output, lower flows to liquefied natural gas export plants, and ample amounts of gas in storage. Front-month gas futures for August delivery on the New York Mercantile Exchange fell 10.4 cents, or 3.6%, to settle at $2.767 per …
US Natural Gas Prices Fall 4% to 11-Week Low on Record Output Read More »
(Reuters) – Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East. The Middle East conflict has dominated energy markets this year with repeated …
Baker Hughes Flags Lower Spending by Oil and Gas Producers in 2026 Read More »
(Reuters) – Expand Energy said on Monday it would buy privately held natural gas marketer Twin Eagle Holdings from Five Point Infrastructure for $1.25 billion to expand its marketing business across North America. With U.S. natural gas demand expected to grow, producers are increasingly expanding into marketing and logistics businesses to improve margins and gain …
By EnergyNow Editorial Staff The debate over renewable and conventional energy is too often presented as a choice with wind and solar on one side, oil, natural gas, nuclear and hydro on the other. That framing may be politically convenient for anti-oil and gas groups and politicians, but it bears little resemblance to the way …
(Reuters) – U.S. energy firms this week cut the number of rigs operating for the first time in six weeks, 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, fell by one to 587 in the week to …
US Energy Firms Cut Rigs for First Time in Six Weeks, Says Baker Hughes Read More »
Summary Trump says tech companies have committed to fund or build infrastructure to meet their power needs Consumer anger at data centers’ power use and rising electricity bills an issue for November midterm elections Data centers account for nearly 40% of grid operator PJM’s capacity charges in latest auction Critics note that pledge is non-binding, …
Trump Pledge on Data Center Power Supplies Draws Skepticism Read More »
