Energy Transition in Motion (Week of May 24, 2024)
Here is a look at some of this week’s renewable energy news, including a ‘breakthrough’ for enhanced geothermal systems.
Analyst: Energy Companies Should Prepare for Tighter Methane Regulations
Regardless of election’s outcome, investors will take emission reduction plans into consideration.
US Drillers Cut Oil, Gas Rigs for Fourth Time in Five Weeks
The oil and gas rig count, an early indicator of future output, fell by four to 600 in the week to May 24 the lowest since January 2022.
Dividends Declared Week of May 20, 2024
Here is a selection of upstream and service and supply company dividends declared in the past week.
Guyana May Reallocate Gas Areas if Exxon Does Not Move Project Forward
An Exxon Mobil-led oil consortium may need to decide by October whether it will go ahead and develop a large natural gas find off the coast of Guyana, the country’s vice president said on Thursday. The government has been pressing for a bonanza from mostly untapped gas reserves found by the Exxon-led group. The consortium, which …
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SEC Climate Rule: The Devil’s in the Lack of Details
The Securities and Exchange Commission’s climate disclosure rules requires companies to report a lot of information — from greenhouse-gas emissions to potential weather impacts that could have a material business impact. But the devil’s in the lack of details.
Sell High, Invest Low: Kinetik CEO on Creating Value with Durango Deal
Kinetik CEO Jamie Welch walks through the company’s process for acquiring Durango Permian, including selling its 16% stake in the Gulf Coast Express pipeline, and shares his takeaways on challenges in the Permian today, in this Hart Energy Exclusive interview.
U.S. Natgas Prices up 2% to Four-Month High Ahead of Federal Storage Report
U.S. natural gas futures climbed about 2% to a four-month high on Thursday on expectations utilities injected less gas into storage than usual for this time of year for a fourth week in a row. Analysts forecast U.S. utilities added 85 billion cubic feet (bcf) of gas into storage during the week ended May 17. …
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Hess-Chevron Merger Vote Appears Ripe for Narrow Approval
Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp. Hess, 70, has spent the past month visiting or calling …
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Aker Solutions’ Consultancy Arm Renamed Entr
Aker Solution’s newly christened Entr plans to double its revenue and headcount by 2030.