(World Oil) – Citadel made one of its biggest investments yet in the physical U.S. natural gas market, expanding in one of its most profitable business areas. The hedge fund, led by Ken Griffin, agreed to buy assets from closely held Paloma Natural Gas LLC in a deal valued at about $1 billion, people familiar with the matter said. The acquisition
(Investing) – The U.S. Energy Information Administration (EIA) reported on Monday that the completion of natural gas pipeline projects in 2024 led to an increase in the country’s liquefied natural gas (LNG) takeaway capacity. The capacity, which indicates the maximum volume of gas a pipeline can transport from a production area or storage facility daily, increased by 17.8 billion cubic feet per day
(Investing) – WASHINGTON -Williams Cos said on Friday it appreciated U.S. President Donald Trump’s support for its cancelled Constitution natural gas pipeline project through New York, and that it was interested in dusting off the project under the right circumstances. Trump had said Thursday he will meet New York Governor Kathy Hochul on Friday morning for talks that may include potentially reviving
(Oil & Gas 360) – Switching Back To An Employer-Driven Economy (From Ruler-Driven) Restoring Upward Mobility Of The Masses Will Have A Profitable Oil & Gas Drilling Boom. While many are worried about stock market volatility, interest rates, tariffs and other uncertainty, The Climate Changing to stimulating is driving our bullish natural gas outlook. Last week’s 80 Bcf draw in
(Oil Price) – ExxonMobil’s eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyana’s oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5 billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day
(Investing) – U.S. natural gas prices fell Thursday, dropping from record levels as spring conditions approach and amid talk of a hefty increase in U.S. supply. At 09:30 ET (14:30 GMT), natural gas prices fell 1.8% to $4.368 per million British thermal units, or MMBtu, after earlier this week climbing to its highest levels since December 2022. Prices have been at record levels
(Oil Price) – Natural gas will play a critical role in the global energy transition, serving as a bridge fuel between coal and renewables, according to a new report from Wood Mackenzie. Despite concerns over emissions and affordability, gas is expected to remain a key part of the energy mix for decades, particularly in power generation, industrial processes, and transport. According
(BOE Report) – North Dakota oil production was estimated to be down between 130,000 and 160,000 barrels per day (bpd) as of Thursday morning due to the recent extreme cold and related operational challenges, the state’s pipeline authority said. Associated wellhead natural gas production was estimated to be down 0.37-0.45 billion cubic feet per day, said Justin Kringstad, director of
(Oil & Gas 360) – Last Week Helping Those Fearful Of Mankind’s-Carbon-Dioxide And Natural Gas & Oil Bearish Remain So, Have Those Of Us Bullish Set To Be Rewarded. The last two weeks nicely mild are keeping most unaware that natural gas inventory has changed from being 184 Bcf more than the year before and 284 Bcf more than the five-year
(Investing) – President-elect Donald Trump has promised to maximize U.S. oil and natural gas production – already at record highs – in part by clearing away what he deems as unnecessary regulation and bureaucracy. Here are some of the energy-related executive orders Trump could announce during his first days in office, as he seeks to follow through on that promise. CLIMATE WITHDRAWAL Trump
(World Oil) – (Bloomberg) – Norway’s oil and gas companies delivered record levels of natural gas in 2024 and will drill a similar number of exploration wells this coming year, in a push to offset production declines later in the decade. Some 40 wells are due to be drilled in 2025, on par with the 42 drilled last year, the Norwegian
(Oil & Gas 360) – The Sense That Natural Gas Won’t Be Needed/Shouldn’t Be Used Is Helped By Climate-Change Fear And Mild Temps That are Changing Will Catch Many Short. Investor interest and natural gas expectations still restrained is helped by this week thus far delightfully mild. The cold air along the East Coast last week has been replaced
