This post was originally published on this site BASF will take a 7.3 billion euro ($7.9 billion) write-down as its Wintershall Dea UL energy business pulls out of Russia, where its deep ties included stakes in the Nord Stream gas pipelines and joint ventures with Russia’s Gazprom.
BASF Takes Huge Writedown as Wintershall Dea exits Russia Read More »
This post was originally published on this site U.S. pipeline operator Kinder Morgan on Wednesday announced fourth-quarter earnings of $1.4 billion, topping analysts’ estimates, and said long-time CEO Steve Kean will step down after eight years in the role.
Pipeline Operator Kinder Morgan Beats Profit Estimates; CEO to Step Down Read More »
This post was originally published on this site Freeport LNG’s long-shut LNG export plant on the Texas Gulf Coast started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data.
Gas Starts Flowing to Freeport LNG Export Plant in Texas Read More »
This post was originally published on this siteNatural gas futures floundered back into freefall Wednesday – the case of a majority of trading sessions early in the new year – as production climbed, benign weather persisted and the market braced for an anemic storage withdrawal. At A Glance: Prompt month sheds 27.5 cents Production hits
This post was originally published on this siteCommonwealth Edison Co. (ComEd) has filed to raise monthly electricity rates by about $4.25 for the average monthly residential electricity bill annually from 2024-2027 as it strengthens the grid and prepares for increased electrification. The Chicago-based Exelon Corp. subsidiary noted that its electricity utility customers currently see an
Chicago’s ComEd Seeking Four-Year Electricity Rate Increase to Bolster Electric Grid Read More »
This post was originally published on this siteOil fell for the first time in almost two weeks as disappointing US economic data ignited fears of a recession and sparked a sell-off across Wall Street.
Oil Wavers as US Economy Weakens Read More »
This post was originally published on this siteADNOC has formed a partnership with FNRC, Masdar and 44.01 to pilot CO2 mineralization technology.
UAE Quartet Partners up on CCM Pilot Project Read More »
This post was originally published on this siteAchieving geopolitical stability and global energy security shared the limelight this week as top business and government leaders made their annual trek to Davos, Switzerland. The annual meeting of the World Economic Forum (WEF) addressed worldwide inequity and the chances for a recession. However, several sessions focused on
Achieving Global Energy Security and Reducing Carbon Emissions Share Spotlight in Davos Read More »
This post was originally published on this siteLNG is seeing a competitive boost as a US bunker fuel, as FOB prices have dropped sharply from record highs and spot marine fuel has trended higher. Shipowners are increasingly evaluating shifting economics and environmental considerations. Some market participants see the ability to offer a Henry Hub-linked price
LNG seeing boost as competitive US bunker fuel as Atlantic cargo prices fall Read More »
This post was originally published on this siteWressle oil field has continued to perform beyond expectations, generating high production and revenues.
Wressle Surpassing Expectations Read More »
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