More Top Stories in Markets

France's TotalEnergies Plans to Spin Off Canadian Oil Sands Assets

TotalEnergies' Canadian oil sands assets will generate $1.5 billion of cash flow in 2022, according to CEO Patrick Pouyanne.

September 28, 2022

Shareholders of Poland’s PKN Orlen Approve Takeover of Gas Company PGNiG

Expected merger would create Polish national energy champion.

September 28, 2022

Oil Prices Stable as Soaring Dollar Offset by US Output Outages

Approximately 11% of U.S. Gulf of Mexico production has been shut-in due to Hurricane Ian.

September 28, 2022

Natural Gas ‘Hanging in There’ as Renewables Rise to Meet Power Demand

Natural gas-fired generation continues to dominate as plants move away from coal and renewables’ share rises, Enverus’ Bernadette Johnson said during Hart Energy’s Americas Natural Gas Conference.

September 28, 2022

Afghan Taliban Sign Deal for Russian Oil Products, Gas

Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi said the deal would involve Russia supplying around one million tonnes of gasoline, one million tonnes of diesel, 500,000 tonnes of LPG and two million tonnes of wheat annually.

September 27, 2022

Goldman Cuts 2023 Oil Price Forecast Due to Weakening Demand Outlook

“While it may be surprising that oil is pricing such low growth expectations, this reflects the outsized exodus of investors, forced away by the extreme price volatility this spring,” Goldman Sachs said in a research note.

September 27, 2022

Kinder Morgan Sells Stake in Georgia LNG Facility for $565 Million

Upon closing, Kinder Morgan and an undisclosed financial buyer will each hold a 25.5% interest in the Elba Island LNG facility in Chatham County, Georgia. Blackstone Credit will continue to hold a 49% interest.

September 27, 2022

ANG: Climate Goals Will Not Be Met on Time, Ken Hersh Says

Ken Hersh, head of the George W. Bush Presidential Center, spoke during Hart Energy’s America’s Natural Gas Conference about the current dynamics of the energy industry, climate change and world order.

September 27, 2022

US Offshore Oil Output Drops as Hurricane Ian Takes Aim

Offshore oil and gas producers Chevron, BP, Occidental Petroleum and Hess on Sept. 26 said they had taken precautions ahead of Hurricane Ian’s arrival in the Gulf of Mexico.

September 27, 2022

Strike Halts Supplies from TotalEnergies’ French Refineries

The strike action has deepened French refining woes already hit by outages and walkouts at other oil refineries. More than 40% of France’s refining capacity is currently offline.

September 27, 2022