Jordan Blum, Houston Chronicle — The U.S. shale industry is finally learning to live within its financial means, shrinking to survive amid...
Camille Erickson~ Casper Star Tribune – Responding to a historic influx of drilling requests, Wyoming’s Oil and Gas Conservation Commission voted Tuesday to...
EIA OIL AND NATURAL GAS REPORT Global liquid fuels oil Brent crude oil spot prices averaged $60 per barrel (b) in October,...
Rachel Adams-Heard – Bloomberg – Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the...
Simon Flowers – Forbes – Buying oil and gas assets in a downturn – it’s been a golden opportunity that’s been readily...
Denver Business Journal – Colorado is approving less than half the number of oil and gas well locations and new drilling permits...
By Liz Hampton – Reuters —The companies that provide sand for hydraulic fracturing operations are the latest casualties of shale industry cutbacks...
The Wall Street Journal – After pushing U.S. oil and natural-gas shale production to record levels, some shale companies are doing the...
Yahoo Finance—A few high-profile shale executives say the glory days of shale drilling are over. In a round of earnings calls, the...
Sergio Chapa – Houston Chronicle – At first, there were not enough pipelines to move oil and natural gas to market. Then,...
Bond-market jitters served to send stocks down Tuesday on the first trading day of September, though equities finished off of session lows. A raft of economic data culminating with Friday's August jobs report are likely to set the tone for the week.
The Dow Jones Industrial Average fell around 250 points, or 0.5%, to close near 45,296, after dropping nearly 600 points at its session low.
The S&P 500 lost around 44 points, or 0.7%, to end near 6,415.54.
The Nasdaq Composite dropped around 176 points, or 0.8%, to finish near 21,280.
The yield on the 10-year Treasury note rose 4.9 basis points to finish trading Tuesday at 4.276%, while the 30-year T-bond yield was up 5.3 basis points at 4.97%. Yields move opposite to debt prices, with the increase coming amid a global rise in long-term yields tied to fiscal worries in the U.K. and France. A heavy calendar of corporate-debt issuance also contributed to weakness in Treasurys.
An appeals-court ruling on Friday that found President Trump's "reciprocal" tariffs illegal also stirred concerns in the Treasury market about the fate of duty revenues. Trump said he would seek an emergency hearing before the Supreme Court.
The Alaska LNG project is once again in the spotlight after decades of stalled attempts to commercialize North Slope gas. Glenfarne Group assumed control of the project earlier this year, restructuring it into phased development to make costs more manageable and attract international buyers. The centerpiece is an 807-mile, 42-inch pipeline designed to move 3.3 Bcf/d of natural gas through some of the harshest terrain in North America. Estimated project costs range from $38 billion to $44 billion, driven higher by the need for a $10 billion processing plant to treat sour gas and remove CO₂.
Supporters emphasize Alaska’s geographic advantage: LNG cargoes from the Gulf Coast take months to reach Asia, while Alaska shipments can arrive in weeks, translating into billions in potential savings. Glenfarne points to signed supply agreements, including a 20-year deal with Thailand for 2 million tonnes per annum (mtpa), as proof of momentum. Roughly half of planned production is already reserved.
Still, skepticism persists. Analysts argue that the per-ton capital cost is nearly double that of Gulf Coast projects, and some suggest that political considerations, rather than pure economics, are driving early commitments. Despite these doubts, developers maintain that phased construction, early pipeline revenues, and Asia’s proximity could finally make Alaska LNG commercially viable.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
Story by Kevin Hendricks, nm.news |New Mexico’s State Land Office shattered revenue records for...
Harvest Midstream, the Houston-based energy company owned by Hilcorp Energy founder Jeff Hildebrand, has...
By Andrew Kelly | Energy Intelligence | The US Gulf of Mexico holds a...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
By Michael Kern for Oilprice.com | TotalEnergies, along with its partners QatarEnergy and the national...
Canadian midstream operator Enbridge has approved final investment decisions on two new gas transmission...
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