Wave of Foreign Investment in US Gas Could Top $10B
Asian, Middle Eastern and European buyers want a piece of U.S. shale...
Asian, Middle Eastern and European buyers want a piece of U.S. shale gas, and they want it now.
Jeet Benipal, managing partner at Greenhill, a Mizuho affiliate, said there are at least five or six different shale gas deals on the market right now, totaling $10-plus billion.
Greenhill previously advised TG Natural Resources on its $2.7 billion acquisition of East Texas gas producer Rockcliff Energy II in 2023.
“There’s a lot of interest from several different Asian strategics and trading houses in U.S. natural gas upstream assets,” Benipal said.
TG Natural Resources recently acquired a 70% interest in Chevron’s Haynesville assets for $575 million.
Trump bans 12 countries’ citizens from entering the US. President...
Trump bans 12 countries’ citizens from entering the US. President Trump signed a proclamation yesterday barring people from Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and Yemen from entering the US as of Monday. The order will also impose new restrictions on the entry of citizens from another seven countries, including Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan, and Venezuela. The move echoes the controversial so-called Muslim Ban restricting entry to people from several countries that Trump issued during his first term in office.
Columbia University failed to meet the standards for accreditation by allegedly tolerating the harassment of Jewish students, the Department of Education said yesterday. In a separate move against what the Trump administration claims are universities’ inadequate responses to campus antisemitism, President Trump issued an executive order banning international students from enrolling at Harvard.
The president ordered an investigation into his predecessor Joe Biden, claiming his aides covered up his “cognitive decline.”
President Trump again exhorted Fed Chair Jerome Powell to cut interest rates after ADP reported yesterday that May had the slowest growth in private sector jobs in over two years.
Reddit sued Anthropic, claiming the AI company used its content to train models without permission.
Warner Bros. Discovery shareholders voted down CEO David Zaslav’s $52 million pay package, but he’ll likely still get the compensation as the vote was nonbinding.
Fifty companies from the US, Asia and Europe have expressed an interest...
Fifty companies from the US, Asia and Europe have expressed an interest in contracts for the Alaska LNG infrastructure initiative. The plan calls for an 800-mile pipeline to transport liquified natural gas from northern Alaska to the Gulf of Alaska, providing a direct and cost-effective route for US LNG exports to Asian markets.
Oil settles 1% lower after US data shows large builds in fuel stocks
(Reuters) - Oil prices settled down just over 1% on Wednesday after U.S....
(Reuters) - Oil prices settled down just over 1% on Wednesday after U.S. data showed a surprisingly large build in gasoline and diesel inventories, swelling fuel supplies with OPEC+ planning more output and trade tensions clouding the energy demand outlook.
Brent crude futures closed down 77 cents, or 1.2%, at $64.86 a barrel. U.S. West Texas Intermediate crude settled down 56 cents, or 0.9% lower at $62.85.
U.S. gasoline stocks swelled by 5.2 million barrels, the Energy Information Administration said. Analysts polled by Reuters had expected a rise of 600,000 barrels.
Distillate stockpiles rose by 4.2 million barrels compared with expectations for a rise of 1 million barrels.
Crude inventories dropped by 4.3 million barrels. Analysts polled by Reuters had expected a draw of 1 million barrels.
"The report is in my view bearish, due to large builds in refined products," Giovanni Staunovo, an analyst with UBS.
