Cella Mixes Two Approaches to Keep CO2 Solidly Underground
Cella, a startup in partnership with Halliburton, injects CO2 into basaltic reservoirs, where it reacts and hardens.
‘We’re Not Going Anywhere’: Sabine CEO on Haynesville Growth, M&A Talks
Sabine Oil & Gas CEO Carl Isaac shares insight into the company’s addition of a fourth Haynesville rig and future development plans in the play, in this Hart Energy Exclusive interview.
Sempra to Sell Assets as Utilities Raise Money for AI Boom
Sempra plans to sell some natural gas assets, including a Mexican fuel distributor and a minority stake in its liquefied natural gas business, to “simplify the company’s portfolio” and support growth for its Texas and California utilities. Summary by Bloomberg AI The move is part of a trend among US power companies to raise capital …
Sempra to Sell Assets as Utilities Raise Money for AI Boom Read More »
Why Trump’s ‘Drill, Baby, Drill’ Is Not as Easy as It Seems
President Donald Trump promised on the campaign trail to lower energy costs for consumers by increasing US oil and gas production. He’s continued with that refrain in office. “As you’ve heard me say many times, we have more liquid gold under our feet than any nation on Earth,” he said during his address to a joint session …
Why Trump’s ‘Drill, Baby, Drill’ Is Not as Easy as It Seems Read More »
Oil Steadies as Market Weighs Tariffs, Sanctions
Summary • Market weighs near-term supply risks, tariff concerns • Reuters poll indicates lower U.S. crude inventories (Reuters) – Oil prices steadied near five-week highs on Tuesday as threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and attack Iran countered worries about the impact of a trade war on global …
Oil Steadies as Market Weighs Tariffs, Sanctions Read More »
Stellantis Shift to Hybrids Causes Production Delays in Europe – “There is No Market for EVs Right Now”
Stellantis sold 5.5 million vehicles last year, including roughly 2.6 million in Europe, and generated sales of €156.9 billion Bloomberg News Stellantis NV’s strategy to make more hybrids is causing manufacturing delays in Europe because the automaker can’t source enough parts. This month the company produced 20,000 fewer vehicles than expected as it didn’t have …
Energy Leads S&P 500 Sector Advances as Q1 Draws to Close
** As Q1 draws to a close, energy looked set to come out the top performer among the S&P 500’s major industry sectors for the quarter, with a ~9% gain for the period ** Energy, up 0.7% on Mon, is also among the best-performing sectors of the day, outperforming the broader market, with the S&P …
Energy Leads S&P 500 Sector Advances as Q1 Draws to Close Read More »
TG Natural Resources Wins Chevron’s Haynesville Assets for $525MM
Marketed by Chevron Corp. for more than a year, the 71,000-contiguous-net-undeveloped-acreage sold to TG Natural Resources is valued by the supermajor at $1.2 billion at current Henry Hub futures.
Sempra Plans to Sell Assets, LNG Stakes to Invest in Utilities
Infrastructure company Sempra Energy is preparing for major growth coming in electrical demand by selling assets to raise capital.
GeoPark Divests Non-Core Colombia, Brazil Assets, Cuts Workforce
GeoPark is selling non-core assets and reducing its headcount, the Colombia-based oil and gas firm said March 31.