The U.S. will become a consistent net petroleum exporter late next year and will ship out more crude oil and liquid fuels than it imports by September 2020 and the net export total will surpass 1 million barrels a day by December 2020. That prediction released by the EIA earlier this week.
New Fortress Energy, an integrated gas-to-power LNG company formed by Fortress Investment Group, launched an IPO with plans to raise $400 million. In the proposed IPO, New Fortress plans to offer 22.2 million shares priced between $17 and $19 per share.
Texas State Senator Brian Birdwell, who is the Republican chairman of the Senate Committee on Natural Resources & Economic Development advised the Texas Pipeline Association against complacency simply because the Trump administration is oil-and-gas friendly. In particular, Birdwell wants to preserve the Texas emissions reduction plan run by the TCEQ.
Finally, FERC opened investigations and ordered hearings into three interstate natural gas companies to determine if the companies may be over-recovering their costs of service, resulting in unjust and unreasonable rates. FERC also found that nine gas companies have complied with the filing requirements of Order No. 849 and terminated their FERC Form 501-G proceedings without any further action.
2022-08-24 - In the shadow of energy security concerns, ESG investments continue to grow and diversify across the oil and gas industry.
2022-07-05 - The largest refiner among the oil majors, Exxon Mobil will be a key beneficiary of a tight refined products market, analysts said.
2022-08-26 - The next couple of years are key for strategy decisions as oil producers should generate most of that added surplus cash—or $1 trillion—by 2024, Deloitte says.
2022-08-02 - Occidental Petroleum’s share price has more than doubled this year to $65.06 on Aug. 2, with the company benefiting from rising oil prices following Russia’s invasion of Ukraine.
2022-07-29 - Exxon Mobil’s results also beat its best quarter of 2008, when Brent crude oil prices peaked at $147/bbl, and its best-ever quarter reached in 2012, when the company earned $15.9 billion.