Updated Aug 22, 2024
8/22/24
Managing Editor, News
Houston, TX
Houston-based Buckeye Partners LP on Monday said it would buy Elysian Carbon Management in a sign that mirrors ExxonMobil’s recent decision to snap up Denbury Inc. to expand carbon capture services.
Range Resources Corp., whose fortunes are tied to the Marcellus Shale, faced headwinds during the second quarter on weaker natural gas prices, but longer-term fundamentals are stronger as global demand grows, CEO Dennis Degner said Tuesday.
Chevron Corp.’s legacy Permian Basin operations recorded an 11% jump in oil and gas output in the second quarter from a year ago, a new quarterly record, the supermajor said.
To advance North American natural gas pipeline expansions, TC Energy Corp. on Monday agreed to monetize a 40% stake in the Columbia systems via a joint venture (JV) with Global Infrastructure Partners (GIP).
Peak natural gas and oil demand could be met in the 2030s without a substantial increase to current investment levels of $500 billion a year, according to Wood Mackenzie.
Lower natural gas prices have reduced drilling activity in the Lower 48, but expect that to change by next year as LNG export projects advance and more supply heads south of the border, Liberty Energy Inc. CEO Chris Wright said Thursday.
Worldwide demand for natural gas and oil remains solid, demonstrating the “critical” role that fossil fuels continue to play in the economy, according to Halliburton Co. CEO Jeff Miller.
The opportunities for global natural gas, including LNG, look strong in the near term, with a “number of projects” likely to be sanctioned for the next few years, Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday.
U.S. natural gas prices may be bottoming out, with more positive signs to the end of the year, according to several energy analyst teams previewing quarterly profits.
With binding commercial agreements in hand, Kinder Morgan Inc. (KMI) and Howard Energy Partners (HEP) have begun expanding their Eagle Ford Shale natural gas transportation systems to deliver up to 2 Bcf/d by year’s end to Gulf Coast markets.