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Warren
Hart Energy
TC Energy Completes NatGas Transmission System Sale
TC Energy Corp. and its partner Northern New England Investment Co. have completed the sale of the Portland Natural Gas Transmission System for US$1.14 billion.
EIA: Natural Gas Prices to Increase in November
Crude prices will strengthen through 2024 before falling in 2025 due to lower liquid fuels consumption, particularly in China, the U.S. Energy Information Administration reported.
Analysts: ‘Rare’ Summer NatGas Drawdown May Occur
A natural gas storage withdrawal for the Lower 48 may be in the cards this summer, the first to occur since 2016.
BW LPG Acquires Very Large Gas Carriers for $1B
BW LPG Ltd. will increase its LPG dual-fueled fleet with the acquisition of a dozen new very large gas carrier vessels from Avance Gas Holdings in a cash-and-stock deal valued at $1.05 billion.
Fitch Downgrades New Fortress’ Default Rating, Citing Refinancing Risk
New Fortress Energy’s issuer default rating and senior secured debt were downgraded by Fitch, which cited a “highly constrained liquidity position,” as a reason behind its rating actions.
CEO: Berry Seeks Horizontal Drilling Opportunities in Uinta Basin
Berry Corp., which has a large footprint in California’s San Joaquin Basin, might be more excited about deals and drilling near its Uinta Basin acreage.
New Mexican President, Same Reliance on Permian Gas
While Sheinbaum leans toward a stronger Pemex, U.S. producers are likely to maintain their relevance in Mexico.
Ingham Named President of Texas Alliance of Energy Producers
Karr Ingham served as interim president of the Texas Alliance of Energy Producers for nine months prior to assuming the full leadership position.
Summit Sees Drop-off in Gas Traffic Following Utica Midstream Sale
Summit Midstream spent the second quarter reorganizing and raising cash for the future, the company's CEO said.
US Drillers Add Oil, Gas Rigs for Third Time in Four Weeks
The oil and gas rig count rose by two to 588 in the week to Aug. 9. Despite this week's rig increase, Baker Hughes said the total count was still down 66 rigs, or 10% below this time last year.