Devon and Coterra to Create Shale Giant in $58-Billion Merger Deal
Devon Energy and Coterra Energy announced on Monday a definitive agreement to merge and create a premier shale operator in an all-stock transaction, implying a combined enterprise value of about…
Russia Raises Pipeline Gas Supply to Europe via TurkStream
Russia’s natural gas exports via the TurkStream pipeline to Europe jumped by 10.3% in January from a year earlier, Reuters calculations showed on Monday, as Gazprom boosted supply via the…
Kuwait’s Fuel Oil Exports Surge After Al-Zour Refinery Restart
Kuwait exported record volumes of very low sulfur fuel oil (VLSFO) in January after a key refinery restarted full operations following a fire-induced partial outage at the end of last…
Europe’s Russian Gas Ban Is Set to Trigger a New Wave of LNG Tanker Demand
The European Union’s plan to ban LNG imports from Russia will prompt a surge in demand for LNG carriers to the tune of 30 new vessels, a senior Vortexa analyst…
Analysts Explain Energy ‘Bloodbath’
In a statement sent to Rigzone on Monday, Naeem Aslam, CIO of Zaye Capital Markets, said energy’s “bloodbath” today is a “classic risk-premium unwind”. “Trump’s ‘serious talks’ with Iran vaporized…
Natural Gas Prices Plummet on Warmer February Forecast
Natural gas prices in the United States dropped by 17% in Asian trade on Monday, driven by forecasts for milder weather in the coming weeks. Data from the National Oceanic…
