Natural gas prices in the Permian shale basin in West Texas have turned negative a record number of times in 2024, including an all-time low for Friday, as pipeline and other constraints trap gas in the nation’s biggest oil-producing basin. Spot gas prices for Friday at the Waha hub in West Texas fell by about …
Natgas Prices at Waha Hub in Texas Fall to Record Low in Negative Territory Read More »
Deals expand ONEOK’s presence in the prolific Permian Basin It’s the latest in a spate of takeovers in the pipeline sector US pipeline operator ONEOK Inc. agreed to buy a Permian Basin rival and a controlling stake in another company in two transactions valued at a combined $5.9 billion. ONEOK will acquire Global Infrastructure Partners’ …
U.S. Pipeline Operator ONEOK Inks Two Deals for $5.9 Billion Read More »
Trump attacked Harris’ earlier stance in gas-rich Pennsylvania Harris’ remarks on oil-extraction method most definitive yet Vice President Kamala Harris said she wouldn’t halt fracking if elected president, reversing her prior opposition to the technique used to produce most US oil and gas today. “As vice president, I did not ban fracking,” Harris said in an interview …
Harris Rules Out Fracking Ban, Threading Needle on Fossil Fuels Read More »
BP shares have slumped 12% since the end of March, while Shell has risen 3.4% Bloomberg News London’s old-school oil stocks are no longer moving in tandem, as BP Plc underperforms Shell Plc due to concerns over the former’s green-energy transition and the outlook for earnings and shareholder payouts. August is set to mark the fifth-straight month that BP …
BP Stock Falls Behind Shell as Investors Shy Away From Green Energy Read More »
The proposed moves are pending engagement with groups that represent employees Bloomberg News Shell Plc is set to cut around 20 per cent of its workforce in some oil and gas exploration and development divisions as chief executive Wael Sawan works to boost efficiency and profitability. It’s the latest round of cuts following similar moves in …
Shell to Cut 20% of Jobs in Some Oil and Gas divisions Read More »
(Reuters) – A U.S. bankruptcy court judge approved on Thursday a $45 million bid for the assets of failed residential solar company SunPower by rival Complete Solaria. WHY IT’S IMPORTANT Approval of the “stalking horse” bid means California-based Complete Solaria will snap up SunPower’s major assets if no higher offers emerge in the coming weeks. …
U.S. Bankruptcy Court Approves Stalking Horse Bid for SunPower Assets Read More »
Talos Energy said President and CEO Tim Duncan stepped down on Aug. 29 with Talos board member and Samson Resources CEO Joseph A. Mills to lead the company until a successor is found.
(Reuters) – Japanese start-up Helical Fusion aims to launch the world’s first steady-state nuclear fusion reactor in 2034 and to begin commercial operations in the 2040s, its CEO told Reuters. Despite global efforts to harness fusion, the reaction that powers the sun, to produce emissions-free power, 70 years of research have yet to produce a commercially viable …
Japan Start-up Aims to Launch World’s First Steady-State Fusion Reactor in 2034 Read More »
Aug 30 (Reuters) – U.S. oil and gas firm Talos Energy (TALO.N) said on Friday its CEO Tim Duncan had stepped down from his role on Aug. 29. The company named board member Joseph Mills as its interim chief.
By Mark Shenk Industry Insight from Reuters Events, a part of Thomson Reuters. Summary Falling costs and federal tax credits have improved the economics of large-scale battery storage but a busy market brings grid, permitting and supply chain risks. U.S. utility-scale battery deployment is surging as developers seek to secure tax credits introduced in the 2022 …
U.S. Energy Storage Surge Will Reward Market-Savvy Developers Read More »
