By Pooja Menon July 29 (Reuters) – Duke Energy (DUK.N) said on Tuesday it would sell its Tennessee natural gas distribution business to Spire (SR.N) for $2.48 billion in cash, as the utility aims to streamline operations and unlock capital to invest in electric grid upgrades. About $800 million of the proceeds will be used …
Utility Duke Energy to Sell Tennessee Natural Gas Business for $2.48 Billion Read More »
(Reuters) – About a half dozen foreign partners of Venezuela’s state-owned oil company PDVSA are awaiting authorizations from the U.S. Treasury and State departments, following talks last week about fresh licenses to allow them to operate in the sanctioned South American country, according to six company sources. The companies’ licenses, including a key one for …
Foreign Oil Companies in Venezuela Await US Authorizations, Sources Say Read More »
(Reuters) – U.S. Treasury Secretary Scott Bessent said on Tuesday he had told Chinese officials that, given U.S. secondary tariff legislation on sanctioned Russian oil, China could face high tariffs if Beijing continued with its Russian oil purchases. Bessent was speaking after two days of bilateral talks between the world’s two largest economies in Stockholm. …
China Could See High Tariffs if it Continues to Buy Russian Oil, Says Bessent Read More »
(Reuters) – The Environmental Protection Agency will rescind the long-standing finding that greenhouse gas emissions endanger human health, as well as tailpipe emission standards for vehicles, setting off what it describes as the largest deregulatory action in U.S. history. Republican President Donald Trump’s pick to run the EPA Lee Zeldin announced the agency’s plan to …
Trump’s EPA to Repeal Core of Greenhouse Gas Rules in Major Deregulatory Move Read More »
Former Hess Corp. CEO John Hess was cleared by the Federal Trade Commission on July 17 to serve on Chevron’s board.
The $2.48 billion deal adds Duke Energy’s utility network, which serves more than 200,000 customers in the Nashville area, to Spire’s portfolio.
Williams Cos.’ Haynesville Shale pipeline capacity expansion of the new Louisiana Energy Gateway will supply developing LNG demand along the Gulf Coast.
With just six wells in the Emma-Barnett Field in Ector County, Texas, Continental Resources’ has surfaced nearly 2 MMbbl beginning in October 2022, with some IP’ing more than 1,000 bbl/d.
Tamboran Resources also appointed Former Pioneer Natural Resources CEO Scott Sheffield and energy veteran Phil Pace to its board as non-executive directors.
Baker Hughes is acquiring tech and engineering firm Chart Industries in a $13.6 billion cash deal, bringing together two publicly traded energy services and technology players.
