Energy Transfer and EIG’s MidOcean Close to Finalizing US LNG Supply Deal
By Energy Transfer LP is nearing an agreement to sell liquefied natural gas from its planned Lake Charles export terminal in Louisiana to MidOcean Energy, a subsidiary of investment firm…
COMMENTARY: OPEC, China and Geopolitics Are the Triple Whammy of Uncertainty For Crude
By FUJAIRAH, Oct 2 (Reuters) – The unwinding of OPEC+ production cuts, China storage flows and geopolitical tensions have been the primary drivers of crude oil prices this year, and…
US Public Power Sector Weighs Risks and Rewards of Data Center Customers
(Reuters) – U.S. public power utilities are seeing explosive electricity demand from data centers, with some requests exceeding the total energy currently used by all of their customers combined, CEOs…
US Energy Department Cancels $7.6 Billion in Funding Meant for Projects
(Reuters) – The U.S. Department of Energy on Wednesday said it planned to cancel $7.56 billion in financing for hundreds of energy projects that it said would not provide sufficient…
Warren Buffet’s Berkshire Hathaway to Acquire Occidental’s OxyChem for $9.7 Billion
Berkshire Hathaway has reached a definitive agreement to acquire Occidental Petroleum’s chemical business, OxyChem, in an all-cash transaction valued at $9.7 billion. The sale, expected to close in the fourth…
LNG Demand for Ships Set to at Least Double by 2030 Globally
Summary LNG bunker volume to top 4 mln T in 2025, double by 2030 -Rystad TotalEnergies sees LNG, bio-LNG bunker demand at 15 mln T by 2030 Abundant supply to…
Oil Edges Lower for Fourth Day on Oversupply Concerns
Summary Brent, WTI extend falls, Brent traded earlier at the lowest level since June Expectations of OPEC+ output increase weighs on market US to give Ukraine intelligence for strikes on…
Williams Companies to Invest $3.1 Billion in Two Power Projects
With U.S. power demand rising, utilities are adding billions to capital plans to upgrade the grid and related infrastructure. Get the Latest US Focused Energy News Delivered to You! It’s…
US LNG Exports Hit Record for Second Straight Month
(Reuters) – U.S. LNG exports hit a record in September at 9.4 million metric tons, beating their previous record of 9.3 million MT in August, according to preliminary data from…
Cenovus’ 160,000-bpd Refinery in Toledo, Ohio to Shut Several Units for a Month of Planned Maintenance, Source Says
(Reuters) – Cenovus will shut several units at its 160,000-bpd refinery in Toledo, Ohio next week for a month of planned maintenance, a source familiar with the matter said on…
