Trusted Insighthttp://thetrustedinsight.com/2024-03-27T10:31:21.051852-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Australia’s Fossil Fuel Revenue To Tumble As Export Prices Ease
2024-03-27T10:31:21.051852-04:00https://www.thetrustedinsight.com/investment-news/australias-fossil-fuel-revenue-to-tumble-as-export-prices-ease-TMEp6c7pFdMAUPiQsfcytn-20240327684/
Australia’s gas and coal exporters are headed for a multibillion-dollar hit to their revenue over the next five years, new forecasts suggest.
Australia’s Fossil Fuel Revenue To Tumble As Export Prices Ease
2024-03-27T09:31:15.371469-04:00https://www.thetrustedinsight.com/investment-news/australias-fossil-fuel-revenue-to-tumble-as-export-prices-ease-20240327680/
Australia’s gas and coal exporters are headed for a multibillion-dollar hit to their revenue over the next five years, new forecasts suggest.
Gazprom's Unit Buys Former Shell Stake In Sakhalin Energy For $1B
2024-03-26T07:11:29.157041-04:00https://www.thetrustedinsight.com/investment-news/gazproms-unit-buys-former-shell-stake-in-sakhalin-energy-for-1b-20240326631/
Kremlin-controlled energy giant Gazprom has acquired a 27.5% stake, formerly owned by Shell, in Russian liquefied natural gas (LNG) producer Sakhalin Energy for around $1 billion, according to a government order.
Aces: Yes, Clean Energy Investing Has A Bright Future
2024-03-21T07:31:06.243342-04:00https://www.thetrustedinsight.com/investment-news/aces-yes-clean-energy-investing-has-a-bright-future-20240321477/
In 1979, Jimmy Carter installed 32 solar panels on the presidential mansion, stating, "A generation from now, this solar heater can either be a curiosity, a museum piece, an example of a road not taken, or it can be a small part of one of the greatest and most exciting adventures ever undertaken by the American people." While his actions to disrupt the energy market seemed promising, President Reagan quickly removed the panels once he took office. The debate over the role and potential of the clean energy sector has continued for a half-century since that time.
Warnings Of Gas Shortages From 2028 As Aemo Rings Alarm On Plunging Production - Abc News
2024-03-20T20:01:06.623719-04:00https://www.thetrustedinsight.com/investment-news/warnings-of-gas-shortages-from-2028-as-aemo-rings-alarm-on-plunging-production-abc-news-20240320463/
Australia's energy market operator says the closure of a giant Victorian gas plant within years risks tipping supply into a shortage, but not everybody agrees.
Tc Energy To Sell Prince Rupert Gas Pipeline Project To First Nation
2024-03-18T10:31:17.654914-04:00https://www.thetrustedinsight.com/investment-news/tc-energy-to-sell-prince-rupert-gas-pipeline-project-to-first-nation-20240318330/
PRGT is a wholly owned subsidiary of TC Energy and the developer of a natural gas pipeline project in British Columbia.
Oil Mergers, Clean Fuels Vie For Attention At Houston Energy Conference - 2024-03-17 | Marketscreener
2024-03-17T11:31:06.449827-04:00https://www.thetrustedinsight.com/investment-news/oil-mergers-clean-fuels-vie-for-attention-at-houston-energy-conference-2024-03-17-marketscreener-20240317305/
(marketscreener.com) Top oil executives and ministers descend on Houston this week for one of the world's biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large scale move to clean fuels. https://www.marketscreener.com/news/latest/Oil-mergers-clean-fuels-vie-for-attention-at-Houston-energy-conference--46216307/?utm_medium=RSS&utm_content=20240317.
Ceraweek-oil Mergers, Clean Fuels Vie For Attention At Houston Energy Conference -march 17, 2024 At 06:00 Am Edt | Marketscreener
2024-03-17T08:31:06.170830-04:00https://www.thetrustedinsight.com/investment-news/ceraweek-oil-mergers-clean-fuels-vie-for-attention-at-houston-energy-conference-march-17-2024-at-0600-am-edt-marketscreener-20240317301/
(marketscreener.com) Top oil executives and
ministers descend on Houston this week for one of the world's
biggest energy conferences emboldened by blockbuster mergers,
stable oil prices and less pressure for a large scale move to
clean fuels. Global oil prices have remained in a range between
$75 and $85 per barrel, a level fueling profits but not...https://www.marketscreener.com/quote/commodity/BRENT-OIL-4948/news/CERAWEEK-Oil-mergers-clean-fuels-vie-for-attention-at-Houston-energy-conference-46216198/?utm_medium=RSS&utm_content=20240317.
Largest U.s. Grid Could See 58 Gw Of Power Generation Shut By 2030, Report Warns
2024-03-16T22:31:06.701801-04:00https://www.thetrustedinsight.com/investment-news/largest-us-grid-could-see-58-gw-of-power-generation-shut-by-2030-report-warns-20240316298/
The largest U.S. power grid, PJM Interconnection, could lose as much as 58K MW of mostly fossil fuel power generating capacity by the end of this decade, potentially driving up prices for consumers, according to a report published this week by PJM's Independent Market Monitor. More than 33K MW of power are at risk of retirement due to a $49.06/MWh decline in prices in the region's capacity market in 2023 - the largest annual price drop since the creation of PJM markets in 1999 - as both coal and natural gas prices were lower in 2023 compared to 2022.
This Month In History: Cook Inlet Natural Gas Supply Goes Short - March 17, 2024
2024-03-14T20:31:05.953453-04:00https://www.thetrustedinsight.com/investment-news/this-month-in-history-cook-inlet-natural-gas-supply-goes-short-march-17-2024-20240314252/
Editor's note: This story first appeared in the March 14, 2004, issue of Petroleum News. The fertilizer plant on the Kenai Peninsula south of Anchorage, Alaska, was built to take advantage of a stranded gas situation, as was the liquefied natural gas plant next door: big gas discoveries had been ma...
Can We Get A Repeat Of Record-setting U.s. Energy Exports In 2024? | Seeking Alpha
2024-03-14T14:31:06.493076-04:00https://www.thetrustedinsight.com/investment-news/can-we-get-a-repeat-of-record-setting-us-energy-exports-in-2024-seeking-alpha-20240314242/
The United States secured a top spot on the list of the world’s largest energy exporters in 2023, helping to meet rising global energy demand amidst OPEC production restraint and Russian sanctions. The latest data from the Energy Information Administration (EIA) shows that U.S. energy exports rose 7% in 2023, underscoring the country’s growing role as an incremental energy supplier to the world. Crude oil and liquefied petroleum gas (LPG) saw the largest growth, both rising by 12% from 2022 to 2023. Natural gas followed, with growth up 9%.
The 'wide-moat' Infrastructure Pick: Invest Like Buffett With Brookfield Infrastructure | Seeking Alpha
2024-03-13T07:11:28.006395-04:00https://www.thetrustedinsight.com/investment-news/the-wide-moat-infrastructure-pick-invest-like-buffett-with-brookfield-infrastructure-seeking-alpha-20240313181/
Let me start this article by saying that I agree with many readers who make the case that the name "Buffett" may be a bit overused in financial articles. Often, the name is abused for clickbait. After all, who doesn't want to invest like the Oracle from Omaha? With that said, I haven't used his name in ages and believe that this article is perfect for it. After all, if there's one thing I respect about Buffett, it's his focus on wide-moat businesses that play critical roles in our modern economies.
Paramount Sells Non-core Assets, Lowers 2024 Sales Forecast | Rigzone
2024-03-12T12:01:06.368670-04:00https://www.thetrustedinsight.com/investment-news/paramount-sells-non-core-assets-lowers-2024-sales-forecast-rigzone-20240312152/
The company had previously forecast these assets to generate approximately 1,000 barrels of oil equivalent per day (boepd). :
Calgary-based Paramount Resources Ltd. has sold certain non-core assets in the Kaybob Region in February for cash proceeds of approximately $34.88 million (CAD 47 million). Paramount retained a two percent no-deduction gross overriding royalty on the undeveloped Montney acreage forming part of the assets. The company had previously forecast these assets to generate approximately 1,000 barrels of oil equivalent per day (boepd) of average annual sales volumes for 2024, it said in a news release.
Globaldata Says These Themes Will Dictate Oil And Gas Outlook In 2024
2024-03-11T11:01:10.137875-04:00https://www.thetrustedinsight.com/investment-news/globaldata-says-these-themes-will-dictate-oil-and-gas-outlook-in-2024-20240311100/
'It is ... important for the oil and gas industry to assess the impact of these themes while charting out their growth plans,' GlobalData warned.
Spanish Energy Giant Iberdrola Offers To Buy Rest Of Cmp Parent Company For $2.5B
2024-03-08T16:01:06.090193-05:00https://www.thetrustedinsight.com/investment-news/spanish-energy-giant-iberdrola-offers-to-buy-rest-of-cmp-parent-company-for-25b-20240308033/
It's unclear what, if any, impact the deal would have on the customers of Central Maine Power Co., the state's largest electric utility.
Tc Energy Sells Pngts To Blackrock For $1.14B
2024-03-06T15:31:06.537356-05:00https://www.thetrustedinsight.com/investment-news/tc-energy-sells-pngts-to-blackrock-for-114b-20240306947/
TC Energy agreed to sell the Portland Natural Gas Transmission System to Blacrock for $1.14 billion. :
TC Energy Corp. and its partner Northern New England Investment Co. Inc., a subsidiary of Energir LP, have agreed to sell the Portland Natural Gas Transmission System (PNGTS). TC Energy said in a media release that a purchase and sale agreement was signed to sell the asset to BlackRock, through a fund managed by its Diversified Infrastructure business and investment funds managed by Morgan Stanley Infrastructure Partners.
Blackrock And Morgan Stanley Buy Tc Energy's Portland Pipeline Business For $1.14B
2024-03-04T20:01:07.607122-05:00https://www.thetrustedinsight.com/investment-news/blackrock-and-morgan-stanley-buy-tc-energys-portland-pipeline-business-for-114b-20240304865/
Erik McGregor / Contributor / Getty Images
Key TakeawaysBlackRock and Morgan Stanley agreed to buy TC Energy's Portland Natural Gas Transmission System in a deal worth $1.14 billion.The move comes not long after BlackRock agreed to buy Global Infrastructure Partners for approximately $12.5 billion in January, as the world's largest asset manager expands its focus on infrastructure.TC Energy CEO Francois Poirier said that the deal was part of the Canadian company's effort to boost its balance sheet by selling off assets.
Tc Energy Selling Portland Natural Gas Transmission System For Us$1.14 Billion
2024-03-04T11:31:06.487805-05:00https://www.thetrustedinsight.com/investment-news/tc-energy-selling-portland-natural-gas-transmission-system-for-us114-billion-20240304844/
TC Energy Corp. and its partner have signed a deal to sell the Portland Natural Gas Transmission System for US$1.14 billion including the assumption of US$250 million in debt. The buyer is BlackRock, through a fund managed by its diversified infrastructure business, and investment funds managed by Morgan Stanley Infrastructure Partners. TC Energy holds a 61.7 per cent stake in PNGTS, while a subsidiary of Energir LP owns 38.3 per cent. PNGTS is a 475-kilometre natural gas pipeline system that serves the upper New England and Atlantic Canada markets.
Scn Studies Hydrogen Fuel Scheme
2024-03-03T20:01:06.587099-05:00https://www.thetrustedinsight.com/investment-news/scn-studies-hydrogen-fuel-scheme-20240303825/
SET-listed Scan Inter (SCN), a compressed natural gas seller and clean power operator, is planning to develop hydrogen fuel to benefit from growing demand for clean energy.
Philippines' Top Energy Firms Partner For $3.3B Lng Facility -march 02, 2024 At 11:27 Pm Est | Marketscreener
2024-03-03T06:01:16.436139-05:00https://www.thetrustedinsight.com/investment-news/philippines-top-energy-firms-partner-for-33b-lng-facility-march-02-2024-at-1127-pm-est-marketscreener-20240303812/
(marketscreener.com) Three top Philippine energy
firms have partnered for the first time to form a large-scale
integrated liquefied natural gas facility, the companies
said on Sunday, in a deal two of them valued at $3.3 billion. Aboitiz Power and a subsidiary of Manila Electric
agreed to invest in the gas-fired power
plants of a unit of San Miguel...https://www.marketscreener.com/quote/stock/MANILA-ELECTRIC-COMPANY-6491201/news/Philippines-top-energy-firms-partner-for-3-3-bln-LNG-facility-46080644/?utm_medium=RSS&utm_content=20240302.
Canada To Up Oil And Gas Capex To $29.9B In 2024: Industry Group
2024-02-28T09:01:06.456537-05:00https://www.thetrustedinsight.com/investment-news/canada-to-up-oil-and-gas-capex-to-299b-in-2024-industry-group-20240228681/
Conventional oil and natural gas capital investment for 2024 is forecast at $20.10 billion (CAD 27.3 billion), while oil sands investment is expected to reach $9.79 billion (CAD 13.3 billion).
Europe Power-spot Prices Drop On Jump In German Wind Supply | Nasdaq
2024-02-28T07:01:06.449971-05:00https://www.thetrustedinsight.com/investment-news/europe-power-spot-prices-drop-on-jump-in-german-wind-supply-nasdaq-20240228679/
European prompt power prices fell on Wednesday as wind power supply in Germany was expected to nearly triple on Thursday.
United States Natural Gas Fund: The Time To Buy Is Now (nysearca:ung)
2024-02-27T06:06:08.353888-05:00https://www.thetrustedinsight.com/investment-news/united-states-natural-gas-fund-the-time-to-buy-is-now-nysearcaung-20240227627/
Generally, it is a very poor idea to own the United States Natural Gas Fund (NYSEARCA:UNG), which holds front month natural gas futures, as an investment. Normally, natural gas prices are in contango, not backwardation, meaning the front month futures contract is lower priced than the next month further out, and so forth. Thus, most of the time the United States Natural Gas Fund has to roll their contracts from month-to-month, and natural gas futures are in contango, then the United States Natural Gas Fund (UNG) is absorbing a loss from the negative roll yield.
Closing Prices For Crude Oil, Gold And Other Commodities
2024-02-26T20:31:24.982896-05:00https://www.thetrustedinsight.com/investment-news/closing-prices-for-crude-oil-gold-and-other-commodities-ZFU7NcaanHa74j8kThfKFi-20240226621/
Benchmark U.S. crude oil for April delivery rose $1.09 to $77.58 per barrel Monday. :
Benchmark U.S. crude oil for April delivery rose $1.09 to $77.58 per barrel Monday. Brent crude for April delivery rose 91 cents to $82.53 per barrel. Wholesale gasoline for March delivery rose 3 cents to $2.31 a gallon. March heating oil rose 7 cents to $2.76 a gallon. March natural gas rose 6 cents to $1.66 per 1,000 cubic feet. Gold for April delivery fell $10.50 to $2,038.90 per ounce.
Preview-australia's Energy Giants To Face Annual Earnings Slump On Bleak Oil Prices | Nasdaq
2024-02-20T06:06:36.456650-05:00https://www.thetrustedinsight.com/investment-news/preview-australias-energy-giants-to-face-annual-earnings-slump-on-bleak-oil-prices-nasdaq-20240220410/
Australia's leading energy companies Woodside Energy and Santos are likely to report a steep drop in their annual earnings due to lower oil prices, while analysts expect the focus to be on the outlook and cost management.
Us Utility-scale Solar Capacity Additions Hit 36.4 Gw In 2023 – Pv Magazine International
2024-02-19T06:06:20.446220-05:00https://www.thetrustedinsight.com/investment-news/us-utility-scale-solar-capacity-additions-hit-364-gw-in-2023-pv-magazine-international-20240219376/
The US Energy Information Administration (EIA) says it expects developers to install nearly 63 GW of utility-scale electricity capacity in the United States in 2024 – mostly a mix of solar and batteries. It notes that the nation added roughly 36.4 GW of solar in 2023.
Ny's $260B Pension Fund Is Dropping Exxon, Other Energy Company Holdings
2024-02-17T09:31:05.591934-05:00https://www.thetrustedinsight.com/investment-news/nys-260b-pension-fund-is-dropping-exxon-other-energy-company-holdings-20240217340/
The New York State Common Retirement Fund plans to restrict its investments in Exxon Mobil Corp and seven other oil and gas companies.
Energy Transfer Stock: Decades Of Growth Ahead (nyse:et)
2024-02-14T22:01:17.297927-05:00https://www.thetrustedinsight.com/investment-news/energy-transfer-stock-decades-of-growth-ahead-nyseet-20240214251/
Energy Transfer Partners owns and operates the largest and most balanced collection of energy infrastructure assets in the United States. ET's assets include 125,000 miles of oil and natural gas pipelines, export facilities on both the Gulf Coast and East Coast, and more than 1 million barrels per day of natural gas liquid fractionation capacity. ET accounts for 20% of worldwide natural gas liquid exports. Further, ET is uniquely connected to every major hydrocarbon basin in the United States.
Sabine Royalty Trust Is Downgraded To Sell Because Of Lower Energy Prices
2024-02-14T18:31:09.462047-05:00https://www.thetrustedinsight.com/investment-news/sabine-royalty-trust-is-downgraded-to-sell-because-of-lower-energy-prices-20240214244/
Sabine Royalty Trust (NYSE:SBR) has performed very well compared to other energy trusts since my September article that had a neutral/hold recommendation. Since oil and natural gas prices have declined more than I expected, and I am not bullish on near-term energy prices, I am downgrading SBR to a sell. The monthly distributions for the next few months may remain relatively high because of the multiple months delay between production pricing and monthly distribution payment announcements, but then they will likely decline as they reflect current natural gas and oil prices.
Eversource Energy Announces Pathway To Fully Exit Its Offshore Wind Investments Pursuant To Agreement With Global Infrastructure Partners To Sell Revolution Wind And South Fork Wind Projects -february 13, 2024 At 05:44 Pm Est | Marketscreener
2024-02-13T21:01:12.837914-05:00https://www.thetrustedinsight.com/investment-news/eversource-energy-announces-pathway-to-fully-exit-its-offshore-wind-investments-pursuant-to-agreement-with-global-infrastructure-partners-to-sell-revolution-wind-and-south-fork-wind-projects-february-13-2024-at-0544-pm-est-marketscreener-20240213210/
(marketscreener.com)
Eversource Energy today announced it has executed a definitive agreement to sell its 50 percent ownership share in South Fork Wind and Revolution Wind to Global Infrastructure Partners . The transaction allows Eversource to realize approximately $1.1 billion of cash proceeds upon closing and to exit these projects while retaining certain cost...https://www.marketscreener.com/quote/stock/EVERSOURCE-ENERGY-20814111/news/Eversource-Energy-Announces-Pathway-to-Fully-Exit-its-Offshore-Wind-Investments-Pursuant-to-Agreemen-45944254/?utm_medium=RSS&utm_content=20240213.
Us 'pause' On Future Liquefied Gas Exports Throws Doubt On Fossil Fuel's Place In Energy Transition
2024-02-12T15:01:06.610753-05:00https://www.thetrustedinsight.com/investment-news/us-pause-on-future-liquefied-gas-exports-throws-doubt-on-fossil-fuels-place-in-energy-transition-20240212146/
Since the first cargo of American liquefied natural gas (LNG) left a terminal on the Gulf of Mexico bound for Brazil in February 2016, US exports of the fuel have boomed. In 2023 the US was both the world's largest producer of natural gas and its largest exporter of LNG, with exports that year totaling 86 million tons.
El Niño: The Historic Bull Market In Cocoa And Natural Gas Price Decline (nysearca:ung)
2024-02-12T13:01:09.153085-05:00https://www.thetrustedinsight.com/investment-news/el-nino-the-historic-bull-market-in-cocoa-and-natural-gas-price-decline-nysearcaung-20240212142/
El Niño has become stronger again, preventing any major, sustained cold weather for key natural gas regions natatravel/iStock via Getty Images El Niño has become stronger again, preventing any major, sustained cold weather for key natural gas regions There have been some incredible moves in energy and agricultural commodities the last month or so. Most notably based on the weather, cocoa (NIB), and natural gas (NYSEARCA:UNG). These two markets have gone in opposite directions. Disease issues brought on by wet summer and fall weather in 2023 initially hurt the West African cocoa crop.
Devon Energy Could Soon Join The Oil Patch Acquisition Binge
2024-02-09T06:06:47.665801-05:00https://www.thetrustedinsight.com/investment-news/devon-energy-could-soon-join-the-oil-patch-acquisition-binge-20240209055/
There's currently a massive consolidation wave happening in the oil patch. Oil giants ExxonMobil, Chevron, and Occidental Petroleum have sealed deals to buy rivals. Meanwhile, several smaller producers have also made acquisitions.
Energy Up With Oil As Israel Rejects Hamas Peace Offer - Energy Roundup -february 08, 2024 At 05:37 Pm Est | Marketscreener
2024-02-08T20:01:19.268982-05:00https://www.thetrustedinsight.com/investment-news/energy-up-with-oil-as-israel-rejects-hamas-peace-offer-energy-roundup-february-08-2024-at-0537-pm-est-marketscreener-20240208040/
(marketscreener.com)
Shares of energy companies rose with oil futures as hopes for peace in the Middle East subsided. Oil futures climbed for a fourth straight session, with Brent crude settling back above the $80-a-barrel threshold after Israel rejected a Hamas offer for a cease-fire and the return of hostages held in Gaza. Natural gas futures fell to a...https://www.marketscreener.com/quote/commodity/WTI-2355639/news/Energy-Up-With-Oil-as-Israel-Rejects-Hamas-Peace-Offer-Energy-Roundup-45918057/?utm_medium=RSS&utm_content=20240208.
Australia's Woodside Energy Says Merger Talks With Santos Collapsed
2024-02-06T21:02:07.013079-05:00https://www.thetrustedinsight.com/investment-news/australias-woodside-energy-says-merger-talks-with-santos-collapsed-20240206951/
Australia's Woodside Energy said on Wednesday that discussions with Santos to create a possible A$80 billion ($52.22 billion) global oil and gas giant had collapsed.
Shell Profits Plunge Last Year From A Record High As Oil And Natural Gas Prices Drop
2024-02-01T21:01:06.558551-05:00https://www.thetrustedinsight.com/investment-news/shell-profits-plunge-last-year-from-a-record-high-as-oil-and-natural-gas-prices-drop-20240201808/
Oil giant Shell saw profits tumble by nearly a third in 2023 as a result of lower oil and gas prices, which had surged the year before in the wake of Russia’s invasion of Ukraine.
Gulfport Energy: Solid Company, But Facing Weak Natural Gas Prices (nyse:gpor)
2024-02-01T13:31:19.593154-05:00https://www.thetrustedinsight.com/investment-news/gulfport-energy-solid-company-but-facing-weak-natural-gas-prices-nysegpor-20240201800/
Gulfport Energy (NYSE:GPOR) has been one of the best performing natural gas stock over the past year. While it has a solid hedge book in place, weak natural gas price are nonetheless likely to impact it in the near term. GPOR is a natural gas focus E&P with assets in the Appalachia and Anadarko basins. About 90% of its 2023 production is projected to be natural gas. About 75% of its production comes from the Utica basin. The company has about 188,00 net acres and 2.9 net Tcfe of proved reserves in the Utica.
The Quest For Cost-reduction In The Energy And Chemicals Industry: Mergers & Acquisitions, Digital Enablement, And Cultural Change Can Be Key
2024-01-31T12:31:18.381764-05:00https://www.thetrustedinsight.com/investment-news/the-quest-for-cost-reduction-in-the-energy-and-chemicals-industry-mergers-acquisitions-digital-enablement-and-cultural-change-can-be-key-20240131761/
Facing a shifting energy demand landscape, many energy and chemicals (E&C) companies have cost-reduction on their minds. :
Facing a shifting energy demand landscape, many energy and chemicals (E&C) companies have cost-reduction on their minds. Geopolitical tensions, which often drive-up oil and natural gas prices, are driving up other costs as well. Slowing fossil-fuel demand growth, particularly in China, is dampening oil-price forecasts. Additionally, the inflationary cycle, though waning, has eaten into margins, highlighting the need to be more efficient in the future.
Equinor Awards Electrification Contract For Snohvit Field
2024-01-30T07:01:05.975077-05:00https://www.thetrustedinsight.com/investment-news/equinor-awards-electrification-contract-for-snohvit-field-20240130696/
Leonhard Nilsen & Sonner has won a $143.9 million contract for electrification work for Snohvit Future, a project to ensure continued operation of the gas and condensate field and a connected LNG plant.
Closing Prices For Crude Oil, Gold And Other Commodities
2024-01-29T20:31:20.344921-05:00https://www.thetrustedinsight.com/investment-news/closing-prices-for-crude-oil-gold-and-other-commodities-MfSu8w4RyV7Dq8Y2sAdbaU-20240129685/
Benchmark U.S. crude oil for March delivery fell $1.23 to $76.78 per barrel Monday. :
Benchmark U.S. crude oil for March delivery fell $1.23 to $76.78 per barrel Monday. Brent crude for March delivery fell $1.15 to $82.40 per barrel. Wholesale gasoline for February delivery fell 6 cents to $2.23 a gallon. February heating oil fell 1 cent to $2.83 a gallon. February natural gas fell 22 cents to $2.49 per 1,000 cubic feet. Gold for April delivery rose $8.50 to $2,044.60 per ounce.
Eex To Launch Usd-denominated Ttf Natural Gas Month Futures On 15 April - Product To Extend Existing Lng Offering
2024-01-29T13:01:06.772227-05:00https://www.thetrustedinsight.com/investment-news/eex-to-launch-usd-denominated-ttf-natural-gas-month-futures-on-15-april-product-to-extend-existing-lng-offering-20240129673/
The European Energy Exchange (EEX) expands its product offering on the EEX natural gas derivatives markets with new, financially settled EEX TTF Natural Gas Month Futures denominated in US$/MMBtu, from 15 April 2024. Steffen Koehler, COO of EEX, comments: “In recent years, TTF in US$/MMBtu has become the pricing benchmark of choice for European LNG imports as well as being used outside of this region for LNG-related trading strategies.
China’s Clean Energy Boom ‘an Example To The Entire World’, Iea Analyst Says | South China Morning Post
2024-01-27T06:01:05.933232-05:00https://www.thetrustedinsight.com/investment-news/chinas-clean-energy-boom-an-example-to-the-entire-world-iea-analyst-says-south-china-morning-post-20240127630/
Renewable capacity is expanding at an unprecedented pace, with China’s solar PV installations last year equal to the world’s total in 2022, according to report.
Chevron To Sell Canadian Shale Stake
2024-01-26T06:06:08.921158-05:00https://www.thetrustedinsight.com/investment-news/chevron-to-sell-canadian-shale-stake-20240126603/
Chevron is refocusing investment on tight assets in the US. :
Chevron Corp. has decided to exit shale rock production in Canada as it refocuses investment on tight assets in the United States. The US energy major is divesting its 70 percent stake in the Duvernay play in the oil province of Alberta. “Chevron will be soliciting and reviewing expressions of interest, but there are no assurances of any sale”, San Ramon, California-based Chevron said in a recent statement.
Back At Pre-pandemic Levels, Natural Gas Finally Looks Like A Buy | Seeking Alpha
2024-01-23T06:01:15.867803-05:00https://www.thetrustedinsight.com/investment-news/back-at-pre-pandemic-levels-natural-gas-finally-looks-like-a-buy-seeking-alpha-20240123468/
During the past 16 months, the natural gas market (/NG) has experienced a significant downturn, yet indications suggest that prices have now entered "oversold" territory. When commodity prices reach extremes, they often undergo overcorrection as the market seeks equilibrium. Following a substantial correction of over 70%, natural gas prices seem poised to stabilize or potentially initiate a reversal. Since August 2022, prices have plummeted from around $9.25/MMBtu to $2.50/MMBtu. During the last 52 weeks, the United States Natural Gas Fund (UNG) has seen a decline of approximately 53%.
Column-australia Cleans Up At Home, But Exported Emissions Keep Growing: Maguire | Nasdaq
2024-01-19T06:06:08.734104-05:00https://www.thetrustedinsight.com/investment-news/column-australia-cleans-up-at-home-but-exported-emissions-keep-growing-maguire-nasdaq-20240119378/
Australia's power sector drove total emissions from electricity generation to the lowest annual total this century in 2023, thanks to steep cuts to fossil fuel use and big jumps in clean energy generation, data from think tank Ember shows.
Active M&a For Canada - January 21, 2024
2024-01-18T20:31:18.365962-05:00https://www.thetrustedinsight.com/investment-news/active-ma-for-canada-january-21-2024-20240118365/
Growing interest in the prolific Montney natural gas basin of northern British Columbia and Alberta is expected to power a lively year of mergers and acquisitions. However, Tom Pavic, president of Calgary-based Sayer Energy Advisors, which tracked C$16.2 billion of MandA deal-making among oil and gas...
Shell To Sell Nigerian Onshore Subsidiary
2024-01-17T14:31:11.814662-05:00https://www.thetrustedinsight.com/investment-news/shell-to-sell-nigerian-onshore-subsidiary-20240117306/
Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited. :
In a statement posted on its website on Tuesday, Shell announced that it has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance. Renaissance is a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group, Shell highlighted in the statement. It comprises ND Western, Aradel Energy, First E&P, Waltersmith, and Petrolin, Shell pointed out.
Shell To Sell Its Onshore Nigeria Oil Business For $1.3B - The New York Times
2024-01-16T13:01:33.126989-05:00https://www.thetrustedinsight.com/investment-news/shell-to-sell-its-onshore-nigeria-oil-business-for-13b-the-new-york-times-20240116266/
The energy company’s exit from onshore petroleum drilling in Nigeria is aimed to reduce risks, while it continues to produce oil and gas offshore.
Nextera Energy Partners Yields 12%, But Buyers Beware As Risks Lurk (nyse:nep)
2024-01-15T12:31:29.237778-05:00https://www.thetrustedinsight.com/investment-news/nextera-energy-partners-yields-12-but-buyers-beware-as-risks-lurk-nysenep-20240115218/
NextEra Energy Partners (NYSE:NEP) currently has a TTM dividend yield of 12%, the question is whether it is worth the risk? NEP owns and operates wind and solar projects and to a lesser extent natural gas pipelines (which it has announced a sale in Dec-23) and discloses it has an average contractual commitment of 14 years for its revenues. However, NEP is a relatively complicated case with a complex structure and an alphabet soup of acronyms impacting its value.
Extreme Cold Drives Us Energy Prices To Highs
2024-01-14T06:01:06.667219-05:00https://www.thetrustedinsight.com/investment-news/extreme-cold-drives-us-energy-prices-to-highs-20240114176/
Record demand, freezing wells pose challenges to energy supply. :
US natural gas and power prices hit multi-year highs on Friday ahead of extreme cold that was expected to bring record gas demand while also cutting supplies by freezing wells. Lower gas supplies at a period of surging demand could test power systems in hard-hit areas. Winter storms in 2021 and 2022 caused widespread damage and power outages in part because many power plants lacked sufficient fuel to operate.
Eia Forecasts Records For Us Production - January 14, 2024
2024-01-12T06:07:22.328502-05:00https://www.thetrustedinsight.com/investment-news/eia-forecasts-records-for-us-production-january-14-2024-20240112130/
Both U.S. crude oil and natural gas production are forecast to set records this year and next, the U.S. Energy Information Administration said Jan. 9 in its January Short-Term Energy Outlook. The agency said that despite slower growth, U.S. crude production is expected to average 13.21 million barr...
Russian Energy Revenue Sinks 24% On Lower Oil Prices And Gas Exports
2024-01-11T13:01:05.995288-05:00https://www.thetrustedinsight.com/investment-news/russian-energy-revenue-sinks-24-on-lower-oil-prices-and-gas-exports-20240111105/
Russia's Urals crude blend averaged $62.99 per barrel, down 17% for the year, and gas export revenue dropped 65%. :
Russia's tax revenue from its energy sector dropped 24% in 2023 as oil prices and Moscow's natural gas exports fell. The Kremlin generated 8.82 trillion rubles ( $99.3 billion) last year, according to Bloomberg, citing new data from the Russian Finance Ministry. That came as Russia's benchmark Ural crude blend averaged $62.99 per barrel, down 17% for the year, though it's above the G7's $60 price cap imposed after Russia's invasion of Ukraine.
Chesapeake Energy: The Energy Industry Consolidation Wave Hits The Gas Sector | Investor's Business Daily
2024-01-11T12:31:06.052763-05:00https://www.thetrustedinsight.com/investment-news/chesapeake-energy-the-energy-industry-consolidation-wave-hits-the-gas-sector-investors-business-daily-20240111103/
Chesapeake Energy and Southwestern Energy have agreed Thursday to merge in a $7.4 billion deal, marking a major consolidation for U.S. natural gas. The post The Energy Industry Consolidation Wave Hits The Gas Sector With $7 Billion Merger appeared first on Investor's Business Daily.
Energy Sector Consolidation Continues With Major Natural Gas Merger | The Daily Caller
2024-01-11T12:01:06.194351-05:00https://www.thetrustedinsight.com/investment-news/energy-sector-consolidation-continues-with-major-natural-gas-merger-the-daily-caller-20240111102/
Deal will close in the second quarter of 2024.:
A major American natural gas company is acquiring a smaller rival, extending a wave of consolidation sweeping over the American oil and gas industry. Chesapeake Energy, one of the country’s largest natural gas producers, is buying Southwestern Energy in a $7.4 billion all-stock deal, the companies announced Thursday. The deal follows ExxonMobil’s acquisition of Pioneer Natural Resources and Chevron’s purchase of Hess in late 2023.
Looking For Exposure To Oil & Gas Producers? Try Texas
2024-01-11T10:31:29.724684-05:00https://www.thetrustedinsight.com/investment-news/looking-for-exposure-to-oil-gas-producers-try-texas-20240111098/
Texas is known for its prolific oil and natural gas production. However, investors may not fully recognize the advantages that producers in Texas enjoy relative to other regions of the US or the world. This note discusses Texas’ unique advantages for energy producers and why a Texas-oriented investment approach can be a better way to gain exposure to oil and gas producers. If real estate is all about location, something very similar can be said for oil and gas production.
Chesapeake Energy And Southwestern Energy Announce Merger - The New York Times
2024-01-11T09:31:09.925597-05:00https://www.thetrustedinsight.com/investment-news/chesapeake-energy-and-southwestern-energy-announce-merger-the-new-york-times-20240111095/
The deal, between Chesapeake Energy and Southwestern Energy, would create one of the largest energy producers in the United States.
Chesapeake And Southwestern Energy’s $7.4B Merger Creates U.s. Gas Giant - Barron's
2024-01-11T08:31:06.530138-05:00https://www.thetrustedinsight.com/investment-news/chesapeake-and-southwestern-energys-74b-merger-creates-us-gas-giant-barrons-20240111091/
Chesapeake Energy and Southwestern Energy agreed to merge in a deal that will see the two companies, which have a combined market capitalization of $18 billion, become one of the largest natural gas producers in the U.S.
Tc Energy Plans To Discuss Selling Natural Gas Pipeline Stake To… - 2024-01-10 | Marketscreener
2024-01-10T14:01:05.856914-05:00https://www.thetrustedinsight.com/investment-news/tc-energy-plans-to-discuss-selling-natural-gas-pipeline-stake-to-2024-01-10-marketscreener-20240110067/
(marketscreener.com)
TC ENERGY PLANS TO DISCUSS SELLING NATURAL GAS PIPELINE STAKE TO INDIGENOUS GROUPS - BLOOMBERG NEWS
https://www.marketscreener.com/news/latest/TC-ENERGY-PLANS-TO-DISCUSS-SELLING-NATURAL-GAS-PIPELINE-STAKE-TO-8230--45716956/?utm_medium=RSS&utm_content=20240110.
With First Oil Discovery From Ongc's Kg Basin, India's Inches Closer Towards Dream Of Atmanirbhar Bharat In Energy Sector | Economy News
2024-01-09T06:01:28.517656-05:00https://www.thetrustedinsight.com/investment-news/with-first-oil-discovery-from-ongcs-kg-basin-indias-inches-closer-towards-dream-of-atmanirbhar-bharat-in-energy-sector-economy-news-20240109003/
The discovery of oil in ONGC's Krishna Godavari basin concurs with dreams of India's mission for an 'Aatmanirbhar Bharat'. :
The discovery of oil in ONGC's Krishna Godavari basin concurs with dreams of India's mission for an 'Aatmanirbhar Bharat'. India announced its first oil extraction from a new discovery from state-owned ONGC's flagship deep-sea project in the Krishna Godavari Basin. With four operational wells and a target of 45,000 barrels per day by June, this project is set to contribute 7% to both crude oil and gas production in India.
Us$ 11.2 Billion Deal: Harbour Energy Acquiring Wintershall
2024-01-02T20:01:05.996578-05:00https://www.thetrustedinsight.com/investment-news/us-112-billion-deal-harbour-energy-acquiring-wintershall-20240102802/
Harbour Energy, listed in London, is set to acquire Wintershall Dea’s non-Russian assets for US$ 11.2 billion. LetterOne and BASF own Wintershall Dea with LetterOne owning 27.3%. Wintershall is a major German oil and gas company. Wintershall Dea uses exploration methods to locate deep underground natural gas and crude oil, from within rock layers. Wintershall…
Govt Vows Cut In Energy Prices
2024-01-01T19:01:06.625358-05:00https://www.thetrustedinsight.com/investment-news/govt-vows-cut-in-energy-prices-20240101773/
Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga has vowed to push for a major restructuring of the country's energy pricing system, starting with the freeing up of refined oil import restrictions.
Strong Gains For Cocoa, Iron Ore In 2023 As Energy Prices Dip - Cna
2023-12-29T06:03:32.708604-05:00https://www.thetrustedinsight.com/investment-news/strong-gains-for-cocoa-iron-ore-in-2023-as-energy-prices-dip-cna-20231229689/
FILE PHOTO: Farmers break cocoa beans at a farm in Sinfra, Ivory Coast April 29, 2023. REUTERS/Luc Gnago/File Photo SINGAPORE : Cocoa and iron ore prices surged in 2023, while natural gas and coal prices tumbled, with most agricultural products expected to outperform energy and industrial metals in the New Year amid supply constraints and dry weather.
Strong Gains For Cocoa, Iron Ore In 2023 As Energy Prices Dip
2023-12-29T06:02:32.528517-05:00https://www.thetrustedinsight.com/investment-news/strong-gains-for-cocoa-iron-ore-in-2023-as-energy-prices-dip-20231229688/
Cocoa and iron ore prices surged in 2023, while natural gas and coal prices tumbled, with most agricultural products expected to outperform energy and industrial metals in the New Year amid supply constraints and dry weather.
Ng Energy's Colombian Gas Reserves Up Four Times Year-year | Rigzone
2023-12-28T06:06:08.870215-05:00https://www.thetrustedinsight.com/investment-news/ng-energys-colombian-gas-reserves-up-four-times-year-year-rigzone-20231228660/
In Colombia this year NG Energy drilled a new well and signed a deal to develop pipeline infrastructure. :
NG Energy International Corp. saw more than a fourfold increase in its natural gas reserves in Colombia this year following the drilling of a well and an agreement to develop pipeline infrastructure. Reserves, including proven and probable, jumped to 217.9 billion cubic feet, the Toronto company said in a statement Wednesday, from 48.7 billion cubic feet last year. Proven reserves increased to 68.3 billion from 26.8 billion a year ago.
Why Do Natural Gas Investments So Often Fail? | News | Eco-business | Asia Pacific
2023-12-27T20:31:06.472226-05:00https://www.thetrustedinsight.com/investment-news/why-do-natural-gas-investments-so-often-fail-news-eco-business-asia-pacific-20231227653/
Natural gas is not a clean bridging fuel to renewables, and plenty of failed investments attest to the many risks that come with gas projects.
Williams To Buy Gulf Coast Natural Gas Storage Assets In $1.95B Deal (nyse:wmb)
2023-12-27T10:01:06.472663-05:00https://www.thetrustedinsight.com/investment-news/williams-to-buy-gulf-coast-natural-gas-storage-assets-in-195b-deal-nysewmb-20231227642/
Williams (NYSE:WMB) said Wednesday it agreed to acquire a portfolio of natural gas storage assets from Hartree Partners for $1.95B, which it said will better position the company's natural gas storage operations to serve demand for Gulf Coast liquefied natural gas and growing electrification loads from data centers along the Transco corridor. The deal includes six underground natural gas storage facilities in Louisiana and Mississippi with total capacity of 115B cf, and 230 miles of gas transmission pipeline and 30 pipeline interconnects to attractive markets as well as connections to Transco, the largest U.S. natural gas transmission pipeline.
Williams To Acquire Natural Gas Storage Assets From Affiliate Of Hartree Partners
2023-12-27T09:31:16.187206-05:00https://www.thetrustedinsight.com/investment-news/williams-to-acquire-natural-gas-storage-assets-from-affiliate-of-hartree-partners-20231227640/
(RTTNews) - Williams (WMB) has reached an agreement to acquire a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion. The deal includes six underground natural gas storage facilities located in Louisiana and Mississippi with total ca.
Williams To Pay $2B To Buy Natural Gas Storage Assets From Hartree Partners
2023-12-27T09:01:18.655851-05:00https://www.thetrustedinsight.com/investment-news/williams-to-pay-2b-to-buy-natural-gas-storage-assets-from-hartree-partners-20231227634/
Williams Companies
WMB,
-0.06%
announced Wednesday an agreement to buy a portfolio of natural gas storage assets for $1.95 billion from an affiliate of Hartree Partners L.P. The deal includes six underground storage facilities in Louisiana and Mississippi and 230 miles of gas transmission pipeline. The deal is expected to close in January 2024.
Led By Mlps, Midstream Is Energy Bright Spot In 2023
2023-12-27T09:01:06.845969-05:00https://www.thetrustedinsight.com/investment-news/led-by-mlps-midstream-is-energy-bright-spot-in-2023-20231227633/
Despite volatile energy prices, geopolitical tensions, and an uncertain economic outlook, the North American energy infrastructure space has seen year-to-date gains. Meanwhile, the broader energy sector has struggled amid lower oil and natural gas prices. Within midstream, performance has varied by company structures and geography. Today’s note looks at midstream performance this year. It also examines some of the underlying factors driving MLP outperformance relative to U.S. and Canadian corporations. Midstream or energy infrastructure encompasses a subset of the energy sector that handles the transportation, processing, and storage of energy products. Services are largely provided under long-term, fee-based contracts.
Rwe To Transfer Lng Facility To Det, Buy Offshore Wind Assets
2023-12-26T10:01:06.131537-05:00https://www.thetrustedinsight.com/investment-news/rwe-to-transfer-lng-facility-to-det-buy-offshore-wind-assets-20231226600/
RWE will hand over the liquefied natural gas (LNG) infrastructure built in Brunsbuttel, Germany, to Deutsche Energy Terminal GmbH. :
RWE Supply & Trading GmbH plans to hand over the liquefied natural gas (LNG) infrastructure built in Brunsbüttel, Germany, on Jan. 1, 2024, to the federally owned Deutsche Energy Terminal GmbH (DET), around ten months after its first LNG import flow. DET will have sole operational management of Brunsbuttel. Liquefied gas delivered by LNG tankers is fed into the German gas grid after being regasified via a floating storage and regasification unit (FSRU).
Scotland: Totalenergies Farms Down 25.5% Of The Seagreen Offshore Wind Farm To Pttep -december 21, 2023 At 01:09 Pm Est | Marketscreener
2023-12-21T14:01:18.489951-05:00https://www.thetrustedinsight.com/investment-news/scotland-totalenergies-farms-down-255-of-the-seagreen-offshore-wind-farm-to-pttep-december-21-2023-at-0109-pm-est-marketscreener-20231221492/
(marketscreener.com)
Regulatory News:
TotalEnergies :
In line with its renewables business model, TotalEnergies has signed an agreement with Thailand’s national oil and gas company PTTEP for the sale of a 25.5% equity stake in the Seagreen offshore wind farm for a consideration of £522 million . Following this farm down, TotalEnergies retains...https://www.marketscreener.com/quote/stock/TOTALENERGIES-SE-4717/news/Scotland-TotalEnergies-Farms-Down-25-5-of-the-Seagreen-Offshore-Wind-Farm-to-PTTEP-45620064/?utm_medium=RSS&utm_content=20231221.
Omv Reserves Its Rights Over Russian Decree On Its Assets -december 20, 2023 At 08:56 Am Est | Marketscreener
2023-12-20T09:31:17.217675-05:00https://www.thetrustedinsight.com/investment-news/omv-reserves-its-rights-over-russian-decree-on-its-assets-december-20-2023-at-0856-am-est-marketscreener-20231220430/
(marketscreener.com) Austrian oil and gas company OMV on Wednesday said it is examining the impact of seizure of its shares in the Yuzhno-Russkoye gas field and reserves its rights, after Russian President Vladimir Putin ordered that its stake be transferred.https://www.marketscreener.com/quote/commodity/WTI-2355639/news/OMV-reserves-its-rights-over-Russian-decree-on-its-assets-45609162/?utm_medium=RSS&utm_content=20231220.
Shale Markets, Llc / Samsung Heavy Ordered To Pay $290M To Sk Shipping Over Lng Carrier Defects
2023-12-19T22:01:06.259562-05:00https://www.thetrustedinsight.com/investment-news/shale-markets-llc-samsung-heavy-ordered-to-pay-290m-to-sk-shipping-over-lng-carrier-defects-20231219414/
By Naida Hakirevic Prevljak South Korean shipbuilder Samsung Heavy Industries (SHI) has received a court order to pay KRW 378 billion (about $290 million) to compatriot SK Shipping due to defects in the cargo holds of two liquefied natural gas (LNG) carriers. The post Samsung Heavy ordered to pay $290 million to SK Shipping over...
Tokyo Gas Subsidiary To Acquire Rockcliff Energy For $2.7B
2023-12-18T06:02:45.025426-05:00https://www.thetrustedinsight.com/investment-news/tokyo-gas-subsidiary-to-acquire-rockcliff-energy-for-27b-20231218324/
TG Natural Resources, Inc. (TGNR) is acquiring Rockcliff Energy II LLC, an upstream natural gas company focused on developing the East Texas Haynesville Shale.
Multi-billion-dollar South Korean Investment Could Make Port Hedland A Green Iron Centre - Abc News
2023-12-15T20:01:11.789016-05:00https://www.thetrustedinsight.com/investment-news/multi-billion-dollar-south-korean-investment-could-make-port-hedland-a-green-iron-centre-abc-news-20231215290/
Australia's iron ore industry goes hand-in-hand with China. But it is a South Korean company looking to stump up billions of dollars for this green iron facility.
Czech Power Firm Acquires Gas Transportation Infrastructure
2023-12-15T06:07:28.876365-05:00https://www.thetrustedinsight.com/investment-news/czech-power-firm-acquires-gas-transportation-infrastructure-20231215257/
State-owned Czech Transmission System Operator has completed the acquisition of NET4GAS Holdings. :
State-owned Czech Transmission System Operator (ČEPS) has completed the acquisition of NET4GAS Holdings, s.r.o, which holds the exclusive license for natural gas transportation in the Czech Republic, granted by the government’s Energy Regulatory Office. NET4GAS, s.r.o., a subsidiary of NET4GAS Holdings, operates around 2,485.5 miles (4,000 kilometers) of gas pipelines, three border transfer stations, five compression stations, and a hundred transfer stations at the interface with national gas distribution.
Eia: Us Crude Volumes Continue To Grow - December 17, 2023
2023-12-15T06:01:34.927301-05:00https://www.thetrustedinsight.com/investment-news/eia-us-crude-volumes-continue-to-grow-december-17-2023-20231215251/
.S. crude oil production is forecast to average 12.93 million barrels per day this year, and climb to 13.11 million bpd in 2024, the U.S. Energy Information Administration said Dec. 12 in its December Short-Term Energy Outlook. That continued growth is projected to support increased crude oil export...
Patrizia : Secures EUR 210 Million Refinancing For Major Energy Storage Infrastructure Asset In Germany -december 12, 2023 At 04:51 Pm Est | Marketscreener
2023-12-12T17:01:06.459141-05:00https://www.thetrustedinsight.com/investment-news/patrizia-secures-eur-210-million-refinancing-for-major-energy-storage-infrastructure-asset-in-germany-december-12-2023-at-0451-pm-est-marketscreener-20231212114/
(marketscreener.com)
PATRIZIA has acquired six new financing partners and significantly increased commitment from existing lenders for fund owning Germany's largest independent supplier of cavern storage facilities
The vehicle owns the Etzel storage facility which stores essential liquid and gas energy sources, strengthening the...https://www.marketscreener.com/quote/stock/PATRIZIA-SE-489973/news/PATRIZIA-secures-EUR-210-million-refinancing-for-major-energy-storage-infrastructure-asset-in-Germ-45554101/?utm_medium=RSS&utm_content=20231212.
Brookfield Renewable And Nextera Energy Partners: Only One Is A Strong Buy (nyse:bep)
2023-12-11T09:31:28.374944-05:00https://www.thetrustedinsight.com/investment-news/brookfield-renewable-and-nextera-energy-partners-only-one-is-a-strong-buy-nysebep-20231211041/
Brookfield Renewable Partners (NYSE:BEP)(NYSE:BEPC) and NextEra Energy Partners (NYSE:NEP) are two prominent players in the renewable energy sector that boast attractive current distribution yields and lengthy and impressive distribution growth track records. While both offer investors attractive platforms for gaining exposure to the expected long-term growth in demand for renewable energy production, only one of these is a Strong Buy at the moment in our view. In this article, we compare them side-by-side and offer our take on which offers the best overall risk-reward proposition to investors at the moment.
How B.grimm Head Harald Link Is Investing Heavily On Renewable Energy As Part Of A $2B Plan To Deliver Exponential—and Sustainable—growth
2023-12-05T22:01:16.673029-05:00https://www.thetrustedinsight.com/investment-news/how-bgrimm-head-harald-link-is-investing-heavily-on-renewable-energy-as-part-of-a-2b-plan-to-deliver-exponentialand-sustainablegrowth-20231205837/
The 145-year-company looking to partnerships, deals overseas to rapidly grow its green portfolio of solar, wind and hydro projects. :
On the sidelines of a conference panel on sustainability, Harald Link, chairman of storied B.Grimm group, methodically describes the rapid repositioning of one of Thailand’s oldest companies for a low-carbon future: After three decades of firm footing in Thailand’s power business, B.Grimm is embarking on a massive expansion drive to capture growth opportunities in renewable energy outside its home turf.
Electricity Prices For Maine Down Sharply In 2024 As Natural Gas Prices Fall
2023-11-29T15:01:06.026233-05:00https://www.thetrustedinsight.com/investment-news/electricity-prices-for-maine-down-sharply-in-2024-as-natural-gas-prices-fall-20231129570/
The standard-offer rate for Central Maine Power customers will decrease by 35%; Versant Power customers will see a 24% drop.
Nippon Steel To Hunt For More Coking Coal, Iron Ore Assets-executive - Cna
2023-11-29T14:01:10.429390-05:00https://www.thetrustedinsight.com/investment-news/nippon-steel-to-hunt-for-more-coking-coal-iron-ore-assets-executive-cna-20231129568/
TOKYO : Nippon Steel, the world's No.4 steelmaker, will keep on hunting for stakes in coking coal and iron ore mines to ensure a stable supply of essential raw materials and mitigate the potential impact of price volatility, its executive said. A Glencore-led consortium, including Nippon Steel, sealed one of the mining sector's biggest deals in years this month, agreeing to buy Canadian miner Teck Resources' steelmaking coal unit for $9 billion. The Japanese company will pay around $1.34 billion for a 20 per cent stake.
U.s. Natural Gas: Winter Weather, Prices, And Production
2023-11-29T09:01:11.332604-05:00https://www.thetrustedinsight.com/investment-news/us-natural-gas-winter-weather-prices-and-production-20231129554/
With Halloween in the rearview and sweater weather in full swing, the holiday season is top of mind for many. But for energy observers, this time of year also marks natural gas withdrawal season. After a stellar 2022, natural gas prices in the U.S. have been softer in 2023 after a warm winter sent prices tumbling. Today’s note discusses the outlook for natural gas prices and production growth, with incremental volumes creating opportunities for midstream MLPs and corporations. Winter weather can be a significant wildcard for natural gas prices, with cooler temperatures more supportive for heating demand.
Ferc Finds Dominion Lng Back-up Fuel Project Satisfies Hinshaw Exemption Under The Nga | Troutman Pepper
2023-11-27T17:31:21.082923-05:00https://www.thetrustedinsight.com/investment-news/ferc-finds-dominion-lng-back-up-fuel-project-satisfies-hinshaw-exemption-under-the-nga-troutman-pepper-20231127467/
On November 16, 2023, FERC granted Virginia Electric and Power Company d/b/a Dominion Energy Virginia’s (“Dominion”) petition requesting the Commission declare that Dominion’s planned liquefied natural gas (“LNG”) production, storage, and regasification facility (“Back-up Fuel Project” or “Project”) in Greensville County, Virginia would be exempt from the Commission’s jurisdiction under section 7 of the Natural Gas Act (“NGA”). In so doing, FERC determined the Project satisfied the “Hinshaw...By: Troutman Pepper.
Greenpeace Accuses Chinese Oil And Gas Firms Like Petrochina And Cnooc Of ‘greenwashing’ Lng Purchases | South China Morning Post
2023-11-27T06:01:44.814130-05:00https://www.thetrustedinsight.com/investment-news/greenpeace-accuses-chinese-oil-and-gas-firms-like-petrochina-and-cnooc-of-greenwashing-lng-purchases-south-china-morning-post-20231127436/
Big oil and gas companies in China and elsewhere are using low-quality carbon offsets to ‘greenwash’ their imports of natural gas while failing to make strong emissions cutting commitments, Greenpeace says.
Biden Is Gaslighting Us About Natural Gas Exports
2023-11-24T08:32:07.108440-05:00https://www.thetrustedinsight.com/investment-news/biden-is-gaslighting-us-about-natural-gas-exports-20231124395/
Time for President Biden to say NO to methane gas exports. :
Imagine you woke up one morning to find out that the government approved the construction of a giant “natural” gas processing facility in your backyard. Though your community already suffers from elevated levels of asthma, respiratory disease and cancer from polluting industry, no one asked you or your neighbors whether you wanted yet another source of air pollution. Now imagine that the federal government told you that your new polluting neighbor was a solution to climate change and the escalating extreme weather disasters that routinely devastate your community.
Petrobras Looking Into Partnerships To Speed Up Fertilizer Projects, Say Sources -november 22, 2023 At 05:39 Pm Est | Marketscreener
2023-11-22T18:01:05.976544-05:00https://www.thetrustedinsight.com/investment-news/petrobras-looking-into-partnerships-to-speed-up-fertilizer-projects-say-sources-november-22-2023-at-0539-pm-est-marketscreener-20231122354/
(marketscreener.com) Brazilian state-run
oil firm Petrobras is looking into potential tie-ups
to speed up its plans to boost Brazil's fertilizer output, two
sources close to the matter said. One option would be to find a partner that would complete
construction on a fertilizer plant in Mato Grosso do Sul state
that had its works halted, one of the...https://www.marketscreener.com/quote/stock/PETROBRAS-6496795/news/Petrobras-looking-into-partnerships-to-speed-up-fertilizer-projects-say-sources-45421934/?utm_medium=RSS&utm_content=20231122.
Nigeria: In Berlin, Tinubu Pushes For Investment In Nigeria's Power, Rail Transport Sectors
2023-11-21T09:31:05.892617-05:00https://www.thetrustedinsight.com/investment-news/nigeria-in-berlin-tinubu-pushes-for-investment-in-nigerias-power-rail-transport-sectors-20231121285/
[This Day] President Bola Tinubu met with German Federal Chancellor, Olaf Scholz, yesterday in Berlin, where he stated that Nigeria's pursuit of German investment in targeted sectors of the economy was focused on critical growth-enabling industries in energy, transportation, and electric power production, transmission, and distribution.
Duke Energy Corporation (holdin (duk) Stock Forecasts
2023-11-15T15:31:17.486720-05:00https://www.thetrustedinsight.com/investment-news/duke-energy-corporation-holdin-duk-stock-forecasts-j5MmTyjrjn7qjmitZcUSSc-20231115040/
Duke Energy, the largest electric power holding company in the U.S., has a market cap of approximately $69 billion and total assets of more than $176 billion. After the sale of its renewables business, it has become a fully regulated utility company. It serves approximately 8.2 million electric customers in six states in the Southeast and Midwest and 1.6 million natural gas customers. Duke also has the largest regulated nuclear fleet in the U.S., with six nuclear generators in North and South Carolina. Regulated electric currently accounts for about 96% of total revenue. Consolidated generating capacity is about 50,000 megawatts.
Iea Slams ‘unneeded’ Crude, Gas Field Investments As Oil Prices Swing On Supply-demand Concerns | Al Bawaba
2023-11-15T09:31:06.783279-05:00https://www.thetrustedinsight.com/investment-news/iea-slams-unneeded-crude-gas-field-investments-as-oil-prices-swing-on-supply-demand-concerns-al-bawaba-20231115022/
ALBAWABA – Almost all major crude and gas companies are developing new fields that the International Energy Agency (IEA) consider unnecessary, even as oil prices fluctuate over tighter supply and growing demand worldwide...
Euro’s Electricity Prices Recovered By Falling Wind Generation – Pv Magazine International
2023-11-14T11:01:06.722604-05:00https://www.thetrustedinsight.com/investment-news/euros-electricity-prices-recovered-by-falling-wind-generation-pv-magazine-international-20231114987/
Electricity market prices recovered in the second week of November due to falling wind production. MIBEL recorded the lowest weekly average price for the third consecutive week.
Totalenergies To Acquire 1.5 Gw Of Gas-fired Power Plants In Texas To Enhance Energy Portfolio | Europawire.eu
2023-11-13T07:01:06.632309-05:00https://www.thetrustedinsight.com/investment-news/totalenergies-to-acquire-15-gw-of-gas-fired-power-plants-in-texas-to-enhance-energy-portfolio-europawireeu-20231113930/
(IN BRIEF) TotalEnergies is expanding its presence in the Texas power market by signing an agreement to acquire three gas-fired power plants from TexGen for $635 million. These plants, with a combined capacity of 1.5 GW, are strategically located close … Read the full press release →
Cgx, Frontera Make Another Oil Discovery In Guyana
2023-11-13T06:01:35.788167-05:00https://www.thetrustedinsight.com/investment-news/cgx-frontera-make-another-oil-discovery-in-guyana-20231113924/
The joint venture believes that the rock quality discovered in the Maastrichtian horizon in the Wei-1 well is analogous to that reported in the Liza Discovery on the Stabroek block.
Totalenergies Nears Deal To Buy Texas Natural Gas Power Plans - Bloomberg (nyse:tte) | Seeking Alpha
2023-11-10T19:01:06.814365-05:00https://www.thetrustedinsight.com/investment-news/totalenergies-nears-deal-to-buy-texas-natural-gas-power-plans-bloomberg-nysette-seeking-alpha-20231110896/
TotalEnergies (NYSE:TTE) is close to reaching a deal to purchase a fleet of natural gas-fired power plants in Texas for several hundred million dollars, as the French company looks to expand in the U.S. market, Bloomberg reported Friday. The deal for independent power producer TexGen Power's 2.3 GW portfolio, which provides capacity equivalent to more than two nuclear reactors, could be announced as soon as next week, according to the report.
What About Ending The War On Motorists, Rishi? King's Speech Offers Little Hope For Drivers With No Mention Of Tackling 20mph Zones Or Ltns - But Plans To Boost North Sea Oil And Gas Drilling Are Confirmed | Daily Mail Online
2023-11-07T08:31:05.935986-05:00https://www.thetrustedinsight.com/investment-news/what-about-ending-the-war-on-motorists-rishi-kings-speech-offers-little-hope-for-drivers-with-no-mention-of-tackling-20mph-zones-or-ltns-but-plans-to-boost-north-sea-oil-and-gas-drilling-are-confirmed-daily-mail-online-20231107731/
The Prime Minister unveiled an Offshore Petroleum Licensing Bill to help 'safeguard' the country's energy supplies and support UK-based extraction of fossil fuels .
Px Group Secures Energy From Waste Investment At Saltend
2023-11-07T06:05:08.839574-05:00https://www.thetrustedinsight.com/investment-news/px-group-secures-energy-from-waste-investment-at-saltend-20231107714/
Heads of terms signed with Standard Gas Technologies for scalable development. :
Scores of jobs look set to be created with a multi-million pound investment in waste to energy on the Humber Bank. A pioneering decarbonisation plant is destined for Saltend Chemicals Park after owner and operator PX Group reached heads of terms with Standard Gas Technologies. It will bring the London-headquartered company’s cutting-edge commercial scale SG100 operation to the site, east of Hull, and follows a successful trial of the pyrolysis technology. Front end engineering and design work will start in the new year, with deployment scheduled for 2025.
Kinder Morgan To Buy Nextera Energy Partners' Stx Midstream For $1.82B
2023-11-06T19:01:16.984846-05:00https://www.thetrustedinsight.com/investment-news/kinder-morgan-to-buy-nextera-energy-partners-stx-midstream-for-182b-20231106708/
Kinder Morgan said on Monday it would acquire NextEra Energy Partners' South Texas assets, STX Midstream, for $1.82 billion. :
Nov 6 (Reuters) - Kinder Morgan KMI.N said on Monday it would acquire NextEra Energy Partners' NEP.N South Texas assets, STX Midstream, for $1.82 billion. The Texas natural gas pipeline portfolio primarily consists of seven pipelines which provide natural gas to Mexico and power producers and municipalities in South Texas. "Initially, we plan to fund the transaction with cash on hand and short-term borrowings," Kinder Morgan said in a statement.
The Dividend Investor's Natural Gas Export Playbook - Part 4 (nyse:clco) | Seeking Alpha
2023-11-03T09:31:06.912578-04:00https://www.thetrustedinsight.com/investment-news/the-dividend-investors-natural-gas-export-playbook-part-4-nyseclco-seeking-alpha-20231103558/
Over the next 5 years, a multitude of natural gas export terminals are scheduled to commence operations. This will expand exported US volumes of liquified natural gas (LNG) from roughly 14 BCF/d to over 26.5 BCF/day by 2030. This growth in US markets will occur in tandem with similar projects in Qatar and Australia. Regardless of the source country, all of these molecules need to hit the open waters. Part 4 of this series will be centered on companies that operate LNG vessels.
Us Reviews Of Gas-export Permits Slow Under Biden Administration -october 30, 2023 At 06:00 Pm Edt | Marketscreener
2023-10-30T20:02:16.766970-04:00https://www.thetrustedinsight.com/investment-news/us-reviews-of-gas-export-permits-slow-under-biden-administration-october-30-2023-at-0600-pm-edt-marketscreener-20231030367/
(marketscreener.com) U.S. Department of Energy
reviews for liquefied natural gas export permits have
lengthened under President Joe Biden's administration to 11
months or more, from seven weeks, according to government data. The delay could mean nearly completed LNG projects may not
being able to supply big European buyers because of a lack of
the...https://www.marketscreener.com/quote/stock/NEW-FORTRESS-ENERGY-INC-53921007/news/US-reviews-of-gas-export-permits-slow-under-Biden-administration-45190391/?utm_medium=RSS&utm_content=20231030.
Australia's Origin Energy First-qtr Aplng Revenue Falls On Lower Realised Prices | Nasdaq
2023-10-30T20:01:07.255825-04:00https://www.thetrustedinsight.com/investment-news/australias-origin-energy-first-qtr-aplng-revenue-falls-on-lower-realised-prices-nasdaq-20231030365/
Origin Energy, currently in the process of ratifying a $9.67 billion takeover bid from a Brookfield-led consortium, on Tuesday reported a 5% fall in first-quarter revenue from its Australia Pacific LNG (APLNG) project due to lower realised average oil and natural gas prices.