Downstream

This post was originally published on this siteBy: Scott Disavino – Reuters U.S. energy firms this week reduced the number of oil rigs active in the United States even as oil prices continued to trade over $100 a barrel after Russia’s invasion of Ukraine stoked global energy supply concerns. Overall, the total rig count, however, […]

This post was originally published on this siteMar 18, 2022 (Bloomberg) Hamburgers are sometimes described as “the perfect food” and sometimes as the source of all evil. They are delicious — well, a good one is. I haven’t had one, or any meat, in well over a decade. (See: “evil, source of all.”) But I very much remember the

This post was originally published on this siteMar 18, 2022 (Bloomberg) Oil pared gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel. Futures in New York were trading near $104 a barrel after jumping 8.4% on Thursday. Crude has whipsawed this week on conflicting news about progress in peace

This post was originally published on this siteMarch 17, 2022 Midland, TX, March 17, 2022 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (NYSE:NGS) (the “Company” or “NGS”), a leading provider of gas compression equipment and services to the natural gas and oil industry, announces its financial results for the three months and full year

This post was originally published on this siteMarch 17, 2022 OKLAHOMA CITY, March 17, 2022 (GLOBE NEWSWIRE) — Devon Energy announced today a pledge of up to $20 million to support humanitarian efforts in Ukraine and neighboring countries supporting Ukrainian refugees. These donations will be split among several organizations providing emergency medical care, food supplies,

This post was originally published on this siteMarch 17, 2022 HOUSTON, March 17, 2022 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that it has executed agreements to acquire Southcross Energy Operating LLC and its subsidiaries in South Texas for $200 million. Transaction Highlights Attractive acquisition price represents approximately

This post was originally published on this siteLONDON, March 18 (Reuters) – Russian gas deliveries to Europe via the Nord Stream 1 pipeline declined on Friday in line with nominations, or requests for gas, while reverse flows on the Yamal-Europe pipeline eased and nominations for pipeline flows via Ukraine increased. Flows to Germany through the

This post was originally published on this siteLONDON, March 17 (Reuters) – The recent spike and then crash in oil prices can be explained by a combination of medium-term fundamentals, the extra strain caused by the disruption of Russia’s oil exports and a severe lack of liquidity. Most bubbles are fuelled in their early stages

This post was originally published on this site New Fortress Energy Inc. has entered two 20-year sale and purchase agreements with Venture Global LNG. Under the deals, Venture Global will supply 2 MTPA of LNG on a free on board (FOB) basis from its LNG facilities in Louisiana.

This post was originally published on this siteLONDON, March 16 (Reuters) – A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and analysts said. The Russian invasion of Ukraine