A Cheniere Energy Inc. affiliate signed a 20-year agreement to deliver 1.8 million tonnes per annum (mtpa)...
A Cheniere Energy Inc. affiliate signed a 20-year agreement to deliver 1.8 million tonnes per annum (mtpa) of LNG to a subsidiary of China’s ENN Natural Gas Co. Ltd., according to a June 26 press release.
The sale and purchase agreement, or SPA, is the second long-term agreement signed between Cheniere Marketing LLC and China’s ENN LNG. An initial SPA was signed in October 2021 by the companies, Cheniere said in the release.
Natural gas hits over 3-month high on higher export forecasts, heat wave
U.S. natural gas futures climbed to their highest level in more than three months on Monday, with demand...
U.S. natural gas futures climbed to their highest level in more than three months on Monday, with demand for LNG exports seen rising and soaring temperatures expected to boost cooling demand, especially in Texas.
Front-month gas futures for July delivery on the New York Mercantile Exchange rose 6.2 cents, or 2.3%, to settle at $2.791 per million British thermal units (mmBtu), the highest level since March.
Dow gives back earlier gains, stocks end lower after Russia’s brief rebellion
U.S. stocks closed lower Monday after Russia on the weekend was...
U.S. stocks closed lower Monday after Russia on the weekend was rocked by a brief revolt from the Wagner mercenary force.The Dow Jones Industrial Average DJIA fell about 11 points, or less than 0.1%, ending near 33,715, according to preliminary FactSet data, giving up earlier gains in the final moments of trade. The S&P 500 Index SPX fell 0.4%, while the Nasdaq Composite IndexCOMP closed down 1.2%. Stocks have been struggling to extend a recent rally driven by a handful of technology stocks that earlier in June lifted major indexes to their highest levels in more than a year. Investors and oil markets were on edge Monday after a brief mutiny in Russia over the weekend raised concerns about potential disruptions to global oil supplies.
Oklahoma Gas E&P Announces Pricing of 1.3 Million Shares in Common Stock
A little more than two years after emerging from bankruptcy,...
A little more than two years after emerging from bankruptcy, Gulfport Energy Corp. has an underwritten public offering for 1.3 million shares of common stock at $95 per share.
The underwriters have a 30-day option to purchase up to an additional 195,000 shares to cover over-allotments.
Gulfport will not be selling any shares of its common stock in the offering, nor will it receive any proceeds from the sale of shares offered by stockholders. Concurrent with the offering’s closing, Gulfport intends to purchase approximately $25 million of shares from selling stockholders. This repurchase is part of the E&P’s previously announced $400 million share repurchase program.
Putin calls rebellion ‘criminal activity,’ says organizers will face justice
Russian President Vladimir Putin on Monday called the Wagner Group’s rebellion over the weekend a “criminal...
Russian President Vladimir Putin on Monday called the Wagner Group’s rebellion over the weekend a “criminal activity,” and said its organizers would be “brought to justice.” Speaking past 10 p.m. Moscow time, Putin said any attempts to organize mutiny “will end in defeat.” U.S. stocks were mostly lower on Monday following the short-lived rebellion by the Wagner Group that’s seen leaving Putin weakened. Oil futures settled slightly higher.
