Delek Closes $285MM Buyout of Permian’s Gravity Water Midstream
Delek Logistics continues to focus on bolstering its Permian Basin infrastructure holdings with the acquisition of Gravity Water Midstream.
Equinor Secures $3 Bln Financing for U.S. Empire Wind 1 Project
(Reuters) – Norway’s Equinor said on Thursday it had secured a financing package of more than $3 billion for its Empire Wind 1 offshore wind power project in the United States. The company expects the total capital investments, including fees for the use of the South Brooklyn Marine Terminal, to be around $5 billion, including …
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Trump Calls to ‘Open Up’ North Sea, Get Rid of Windmills
Summary • Trump says UK making “a very big mistake” • Britain is increasing windfall tax on North Sea energy producers • Government aims to quadruple offshore wind by 2030 (Reuters) – U.S. President-elect Donald Trump called to “open up” the British North Sea and get rid of windmills in a post on his social …
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Oil Set for Weekly Gains as Market Eyes Chinese Policy Support
Summary • Chinese economic frailties heighten hopes of further stimulus • Federal Reserve interest rate policy also in focus • Colder weather in Europe, U.S. to boost oil demand (Reuters) – Oil prices fell slightly on Friday but remained poised for weekly gains after closing at their highest in more than two months in the …
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Biden to Ban More Offshore Oil Drilling Before Trump Arrives
Order would set permanent protections for some coastal waters Decree to complicate Trump’s plan to boost US crude production President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House. Biden is set within …
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U.S. LNG Exports Soar in December, Lifting Full-Year Growth by 4.5%
(Reuters) – U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as two new plants started, and driving up full-year shipments 4.5% over 2023, according preliminary data from financial firm LSEG. December’s output was just short of the record monthly export of 8.6 MT recorded in December 2023 …
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Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
Uncertainty Abounds: IRA Clean Energy Incentives Await Fate
Policy experts weigh in on the next possible steps for President Joe Biden’s signature climate law, the Inflation Reduction Act, following the Trump-led Republican trifecta.
Pembina Closes $290MM Deal for Stake in Whitecap’s NatGas Facility
Pembina Gas Infrastructure closed a CA$420 million transaction to acquire interests in Whitecap Resources’ natural gas processing facility in Alberta, Canada.
Equinor’s Norwegian LNG Plant Likely Shuttered for a Week
An outage at Equinor’s Arctic facility, Hammerfest LNG, will temporarily close Europe’s largest LNG export facility.