Gregory
Morris
Contributor
Midstream’s Green Tax Incentive
Midstream companies can “green up” by installing the necessary equipment to produce power from waste heat while using the recently enacted federal tax credit to reduce the associated capital costs.
Cheniere Energy Exec Says Surging US Natgas Prices Will Spur Production
The company's existing Louisiana and Texas operations have ample unused space that could allow for future expansions, Cheniere's Executive Vice President Anatol Feygin, said in a statement.
US Natgas Futures Scale 13-year Peak on Forecasts for Unusual Cold
“The acceleration higher is mainly due to some late winter weather, low storage levels, higher demand for LNG shown by exports and some industrial demand,” said Thomas Saal, senior vice president for energy at StoneX Financial Inc.
Minerals Investors Mull Midstream Development
Molecules need to reach markets for owners or operators to make money.
Excelerate Energy Soars in First Big US Market Debut Since Ukraine Invasion
Excelerate’s offering is the first LNG-related IPO in the U.S. since 2019, indicating a reversal in fortunes for fossil fuel companies as crude oil and natural gas prices bounced back from pandemic lows.
US Crude Stocks Surge on Strategic Reserve Release
Analyst estimates for a shortfall vary, but are anticipated to fall between 1 million and 3 million bbl/d. U.S. oil production is rising, but it will not grow swiftly enough to offset all of those losses, according to the EIA.
Excelerate Energy Raises $384 Million in First Major IPO Since Russia-Ukraine War
Excelerate Energy sold 16 million shares on April 12 at $24 each, the company said. It had previously indicated it would price its shares at $21 to $24. The IPO values Excelerate at $2.54 billion.
Analysis: US Strategic Oil Sale Speeds Fuel-price Fix, But at What Cost?
“I think it’s extremely cowboy-ish ... by doing an outright sale, purely thinking like a trader, if I did that I would get fired. Nobody knows which way the oil price will go,” said Ilia Bouchouev, partner at Pentathlon Investments and adjunct professor at NYU.
Delek Logistics Acquires 3Bear Energy Permian Basin Assets for $624.7 Million
The level of growth and demand from producers in the Permian Basin provides Delek Logistics with the “confidence” to move forward with the acquisition of 3Bear Energy, CEO Uzi Yemin says.
Dow to Buy Minority Stake in German Energy Hub Constructing LNG Terminal
The consortium—which includes Dow, Fluxys, Partners Group and Buss Group—is planning to build the zero-carbon emission LNG terminal at Dow’s industrial park in Stade, Germany, by 2026.