Devon Enters Agreement to Supply Centrica with NatGas for LNG
U.K. energy and services company Centrica Energy entered into a natural...
U.K. energy and services company Centrica Energy entered into a natural gas sale and purchase agreement with U.S.-Oklahoma City-based Devon Energy, the firm said Aug. 15.
Under the agreement, Devon will supply 50,000 MMBtu/d of natural gas over a 10‑year term starting in 2028—equivalent to five LNG cargoes per year.
The volumes will be indexed to the European gas hub price (TTF), Centrica said. The physical volumes of this deal in the U.S. will be handled and optimized by Centrica Energy’s U.S. subsidiary, which recently announced the opening of an office in New York.
Hurricane Erin thrashes Caribbean on its way north
Erin, the first hurricane of the 2025 season, knocked out power to nearly...
Erin, the first hurricane of the 2025 season, knocked out power to nearly 155,000 utility customers as a Category 3 storm with maximum sustained winds of 125 mph. Erin has undergone dramatic fluctuations in intensity: A Category 5 on Saturday, the hurricane weakened on Sunday but is expected to regain strength on Monday and Tuesday when it turns north to pass between the US and Bermuda. The East Coast is expected to experience dangerous rip currents and surf during the week.
Fresh off of Friday’s summit with Russian President Vladimir Putin...
Fresh off of Friday’s summit with Russian President Vladimir Putin in Alaska, President Trump sits down with Ukrainian President Volodymyr Zelensky at the White House today. Several European leaders will be joining Zelensky to show support, including German Chancellor Friedrich Merz, French President Emmanuel Macron, and British Prime Minister Keir Starmer. At Friday’s summit with Putin, Trump backed off his push for an immediate ceasefire in Ukraine and expressed support for a broader peace deal that would, according to the New York Times, involve Ukraine ceding swaths of its territory to Russia.
JPow delivers a policy speech on Friday: The spotlight...
JPow delivers a policy speech on Friday: The spotlight is on Fed Chair Jerome Powell once again when he heads to Jackson Hole, Wyoming, to give what is likely his final speech as chairman of the central bank. Investors will be watching for clues as to what the Fed plans to do with interest rates next month. Markets are betting on a rate cut, but mixed economic data has muddied the picture a bit. We’ll also get a glimpse into Powell’s mind on Wednesday, when the minutes from last month’s Fed meeting are released.
Spain has called in the biggest-ever deployment of the EU firefighting force to battle 20 major wildfires raging in the country. Temperatures are expected to remain extremely hot for the next few days.
Israelis staged massive protests yesterday, among the biggest in two years, to put pressure on their government to secure a deal to bring home hostages and end the war in Gaza.
Weapons, a horror flick from Zach Cregger,held onto its top spot at the North American box office in its second weekend in theaters.
Americans are feeling worse about the job market than at any point since the Great Recession.
Time magazine released its first-ever Girls of the Year list.
Expand Energy CFO Singh Departs After ‘Termination Without Cause’
Expand Energy Executive Vice President and CFO Mohit Singh left the...
Expand Energy Executive Vice President and CFO Mohit Singh left the company “due to a termination without cause.”
Singh’s departure from the largest natural gas producer in the U.S. is effective Aug. 13, the company said in a Securities and Exchange Commission (SEC) filing after markets closed on Aug. 14. He is eligible to receive post-employment benefits under Expand’s executive severance plan.
Singh has served as executive vice president and CFO at Expand, the nation’s largest natural gas producer, since December 2021. He previously served as an executive with BPX Energy, the U.S. onshore subsidiary of supermajor BP Plc, from 2015 through 2021, according to investor filings.
