Encino’s Owner Mulls $7B Sale, IPO of Utica E&P, Sources Say
CPP Investments is considering a sale or IPO of Encino Acquisition Partners following January’s IPO of fellow Utica Shale E&P Infinity Natural Resources.
OPEC and Saudi Spare Oil Production Capacity
(Reuters) – U.S. President Donald Trump will restore his “maximum pressure” campaign on Iran and drive its oil exports to zero, a U.S. official said on Tuesday. Such a move would reduce crude supply, boosting oil prices and creating the need for others to pump more. Saudi Arabia and fellow members of the Organization of …
Intensity Infrastructure Partners Pitches Open Season for Bakken NatGas Egress
Analysts note the Bakken Shale’s need for more takeaway capacity as Intensity Infrastructure Partners launches an open season for a potential 126-mile natural gas transport line out of the basin.
Pearl Energy Investments Closes Fund IV with $999.9MM
Pearl Energy Investments’ Fund IV met its hard cap within four months of launching and closed on Jan. 31.
Manufacturers Urge FERC to Study Gas Pipeline Capacity Needs
Heavy industry is the first to be impacted when there is inadequate supply of natural gas, the Industrial Energy Consumers of America (IECA) argued in a letter to federal regulators.
China Kills Energy Trade With the US, But Initial Impact is Limited: Russell
(Reuters) – The trade in crude oil, liquefied natural gas and coal between the United States and China is effectively dead after Beijing responded to President Donald Trump’s tariffs with measures of its own. China, the world’s biggest importer of the three energy commodities, on Tuesday slapped import duties of 15% on U.S. LNG and …
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US NatGas Prices Fall 5% on Lower LNG FeedGas, Tariff Delays
(Reuters) – U.S. natural gas futures fell about 5% on Tuesday as less gas flows to the nation’s liquefied natural gas (LNG) export plants and after President Donald Trump suspended his threat of steep tariffs on Mexico and Canada. That tariff suspension reduced futures prices because roughly 9% of the gas consumed in the United …
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Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.
Sage Geothermal, ABB Form Energy Storage, Power Partnership
In a memorandum of understanding, ABB said it would support Sage Geothermal on its energy project with Meta.
SLB: OneSubsea to Provide Equipment for Vår Energi Offshore Norway
The OneSubsea joint venture among SLB, Aker Solutions and Subsea7 will support multiple oil and gas projects on the Norwegian Continental Shelf for Vår Energi.