Natural Gas Extraction

The U.S. has become the world’s top exporter of liquefied natural gas. President Biden is finding that this superpower status comes with its own set of headaches. In the past two years, hundreds of cargoes loaded with supercooled gas departed the U.S. Gulf Coast as foreign buyers turned to America for energy supplies. Developers of export terminals have seized the momentum to advance plans to build new plants and crank out even more LNG.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

Updated Jan. 8, 2024 5:44 am ETShell said its fourth-quarter earnings took a hit of between $2.5 billion and $4.5 billion in impairments that were offset by significantly higher gas trading, while its overall production volumes are on track to meet targets.The London-based energy giant said Monday that the impairments were primarily driven by macro developments as well as portfolio choices, including its Singapore chemicals and products assets, which it has been trying to sell.Copyright ©2024Dow Jones & Company, Inc.…

The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

Lawmakers say an experiment with price controls has helped consumers, but natural-gas producers argue it is stifling investment. Lawmakers say an experiment with price controls has helped consumers, but natural-gas producers argue it is stifling investment. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

The North African nation’s vast reserves and proximity to Europe make it attractive to the U.S. drillers that have huge cash troves to invest. The North African nation’s vast reserves and proximity to Europe make it attractive to the U.S. drillers that have huge cash troves to invest. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

The oil giant is acquiring PDC Energy, which holds stakes in Texas and Colorado. The oil giant is acquiring PDC Energy, which holds stakes in Texas and Colorado. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

Homeowners and businesses across the country have seen their gas bills go wild—and the turbulence isn’t going to calm down anytime soon.Last year was the most volatile on record for natural gas, boosting the cost to heat homes, generate electricity and manufacture economic building blocks such as fertilizer and steel. Prices in 2022 whipsawed from unseasonable lows to shale-era highs and back again. Benchmark gas futures, which determine what millions of Americans pay for heat and electricity, swung by at least 7% on 44…

Following Russia’s invasion of Ukraine, Europe is importing U.S. natural gas like never before to heat homes, generate electricity and power factories. Following Russia’s invasion of Ukraine, Europe is importing U.S. natural gas like never before to heat homes, generate electricity and power factories. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

Chesapeake Energy Corp. is expected to announce the sale of oil assets to a division of U.K. chemical maker Ineos Group AG for $1.4 billion, according to people familiar with the matter.  The deal could be announced as soon as Tuesday, the people said, and involves oil assets in the northern part of the Eagle Ford shale basin in south Texas. The sale would mark the first foray of Ineos, one of the world’s largest chemical producers, into U.S. oil and gas production, according to the people.…

Chesapeake Energy Corp. was one of the biggest stars of the fracking boom, riding high for years on its ability to tap vast troves of American natural gas. By the summer of 2020, the pandemic and lockdowns had caused revenue to dry up, and the company, after a big, ill-timed expansion, filed for bankruptcy protection. Yet last year, Chesapeake racked up $1.3 billion of profit in the first nine months. It sent its shareholders $800 million in dividends over that same period. Its…