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David Blackmon As we celebrate America’s 250th birthday, one of the finest blessings our Founders gave our nation stands out with particular clarity: the system of free enterprise. That system did not merely enable liberty and prosperity in the abstract. It unleashed the human ingenuity, risk-taking, and capital allocation that turned America into the world’s …
America’s Energy Dominance: The Fruit of Freedom on Our 250th Read More »
Canada’s South Bow and U.S.-based Bridger Pipeline plan to jointly develop a new oil pipeline from Guernsey, Wyoming, to Cushing, Oklahoma, the companies told Reuters on Tuesday. The project will be developed along a corridor acquired from another company, South Bow and Bridger said in an email. The companies said their priority was to engage …
South Bow, Bridger to Develop New Oil Pipeline From Wyoming to Cushing, Oklahoma Read More »
(Reuters) – U.S. pipeline operator Williams is in advanced talks to acquire rival natural gas pipeline operator Momentum Midstream for about $5.5 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. The Tulsa, Oklahoma-based company is putting the finishing touches on an agreement to buy Momentum from private equity firm …
IN TALKS: Williams in Talks on $5.5 Billion Deal for Momentum Midstream – Report Read More »
By David Carnevali, Ryan Gould, and David Wethe Magnolia Oil & Gas Corp. has emerged as the front-runner to acquire closely held WildFire Energy for more than $4 billion in what would rank as its largest-ever acquisition, according to people familiar with the matter. The Houston-based shale producer is poised to win the auction for …
Magnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 Billion Read More »
The number of ships that passed through the Strait of Hormuz fell sharply on Sunday after Iran announced it had again closed the waterway, citing Israeli and U.S. violations of the interim peace deal, shipping data showed. Five vessels passed the strait on Sunday, from 26 ships spotted a day earlier, data from analytics …
Shipping Slows After Iran Says it Has Again Shut the Strait of Hormuz Read More »
The Associated Press Iran has closed the Strait of Hormuz after Israel’s continued attacks in Lebanon. DUBAI, United Arab Emirates — Iran dealt two quick blows to the interim agreement with the United States on Saturday, angered by Israel’s continued attacks in Lebanon, saying it had closed the Strait of Hormuz again and announcing that …
By EnergyNow Editorial Staff The U.S. Strategic Petroleum Reserve (SPR) is the world’s largest government-owned emergency crude oil stockpile. It was created after the 1973 Arab oil embargo to protect the United States from severe oil supply disruptions caused by wars, natural disasters, geopolitical crises, or major market shocks. The reserve is managed by the …
by EnergyNow Editorial Staff The Trump administration has launched a major effort to expand offshore oil and gas development along the California coast, reopening a debate that has largely been dormant for decades. In January, the U.S. Department of the Interior began the process of considering new offshore lease sales in federal waters off Central …
Trump’s Push for New Offshore Drilling Off California Faces Growing Opposition Read More »
SINGAPORE, June 15 (Reuters) – Oil prices slipped in early trading on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they have reached a deal to halt the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.51, or 4.02%, to $83.82 by 2203 GMT and …
Liquefied natural gas demand in Asia is quietly recovering from the shock of losing almost 20% of global supply to the Iran conflict as top buyer China shows signs of returning to the market. The biggest-importing region is on track for arrivals of 21.83 million metric tons in June, the most for five months and …
LNG Demand in Asia Recovers From Iran Shock as China Buys Read More »
