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rigzone.com June 20, 2024

Texas Ngl Line Dropped From Energy Transfer's Acquisition Of Wtg

Energy Transfer indicated a right of first offer had prevented it from becoming a partner in BANGL. : Energy Transfer LP will not be able to proceed with the acquisition of a 20 percent stake in the BANGL natural gas liquids (NGL) pipeline in Texas, which was part of its pending merger with WTG Midstream Holdings LLC. Dallas, Texas-based Energy Transfer indicated a right of first offer had prevented it from becoming a partner in BANGL.
Read by 75% of LPs

upi.com June 20, 2024

European Union Imposes Sanctions On Russian Lng For First Time

European Union member countries agreed a tough new round of Russia sanctions targeting its Liquefied Natural Gas exports for the first time and bolstering existing measures aimed at punishing Russia over Ukraine.
Read by 43% of LPs

seekingalpha.com June 17, 2024

Biden Set To Reopen U.s. Oil Reserves If Gasoline Prices Surge Again - Ft (nysearca:uso) | Seeking Alpha

Crude oil futures jumped to their best levels since late April, adding to last week's gains that followed reports from OPEC+, the International Energy Agency and U.S. Energy Information Administration which boosted confidence that oil demand will improve in this year's H2. "The outlook for strong fuel demand into the coming quarter and Saudi reassurance about the October hike being subject to prevailing conditions and added focus on quota breakers to bring production down and into line all seems to be supporting," Saxo Bank's Ole Hansen wrote, according to Reuters.
Read by 41% of LPs

rigzone.com June 17, 2024

Phillips 66 Sells Stake In Rex Pipeline To Tallgrass

TGE is the operator of REX and will own 100% of the common equity interest in REX following the transaction.
Read by 66% of LPs

marketscreener.com June 15, 2024

Managem S A : Announces The Acquisition Of Sound Energy Morocco East Ltd Following A Competitive Process Including International Investors

Morocco's and Africa's future energy needs depend on significant long-term investment in low-carbon energy sources, with gas playing a key role. To address this national priority, Managem is establishing an industrial natural gas division and announces the acquisition of Sound Energy Morocco East Limited (SEME) following a competitive process involving international investors.
Read by 39% of LPs

petroleumnews.com June 13, 2024

Eia Forecasts Increasing Us Crude Volumes - June 16, 2024

The U.S. Energy Information Administration expects to see U.S. crude oil production hit new annual records this year and next, up 2% from a 2023 annual average of 12.9 million barrels per day to 13.2 million bpd this year and increasing another 4% in 2025 to 13.7 million bpd. Crude from the Permian...
Read by 35% of LPs

rigzone.com June 07, 2024

Two-thirds Of Global Energy Investments Going To Clean Energy Tech: Iea | Rigzone

Around $2 trillion will be allotted to clean technologies. : Two-thirds of global energy investments will go to clean technologies this year, according to the International Energy Agency (IEA). The IEA said in the latest edition of its annual World Energy Investment report that total energy investment worldwide will surpass $3 trillion for the first time, and around $2 trillion will be allotted to clean technologies such as renewables, electric vehicles, nuclear power, grids, storage, low-emission fuels, efficiency improvements and heat pumps.
Read by 56% of LPs

jdsupra.com June 05, 2024

Growth In Brazilian Oil Production Will Require Investment In Maritime Infrastructure | Mayer Brown

The past few weeks have been intense, with many discussions in the energy sector about Brazil's prospects in the energy industry. Brazil's potential to continue being a leader in biofuels and clean energy, along with decarbonization strategies, is undisputable....By: Mayer Brown.
Read by 39% of LPs

seekingalpha.com May 31, 2024

Pxe: Investing In Oil And Gas Depends On Your Time Horizon (nysearca:pxe)

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) is a hold due to mixed factors impacting investment in the oil and gas industry. While crude oil and natural gas will likely maintain a dominant position in the global energy market, it is inevitably an exhaustible resource. Elevated gas prices will keep companies profitable, providing investors solid returns for PXE and peer funds in the short term. However, renewable energies will eventually overtake oil and gas in the long term. PXE is an ETF that seeks to track the Dynamic Energy Exploration & Production Intellidex Index.
Read by 34% of LPs

rigzone.com May 29, 2024

Energy Transfer To Acquire Wtg Midstream For $3.25B

The assets will provide Energy Transfer with increased access to growing supplies of natural gas and natural gas liquids (NGL) volumes.
Read by 64% of LPs