Jul. 11, 2024 10:32 AM ETNatural Gas Futures (NG1:COM)UNG, FCG, UNL, BOIL, KOLD, DGAZF, HNU:CA, HND:CA, HUN:CA, CABy: Arundhati Sarkar, SA News Editor Stocks for the week ended July 5, 2024, were 3,199 Bcf vs. 3,134 Bcf for the week ended June 28, 2024. Net change: +65 Bcf vs. +32 Bcf for the week ended June 28, 2024. Consensus estimate forContinue Reading
sasacvetkovic33/E+ via Getty Images Diversified Energy (OTCQX:DEC) said Wednesday it agreed to acquire east Texas natural gas properties and related facilities from Crescent Pass Energy in an all-stock deal valued at ~$106M. Diversified Energy (OTCQX:DEC) said the assets include 827 net operated PDP wells that are expected to add 38MContinue Reading
Spencer Platt/Getty Images News Honeywell (NASDAQ:HON) said Wednesday it agreed to acquire Air Products’ (APD) liquefied natural gas process technology and equipment business for $1.81B in cash, allowing it to expand its offerings as the share of liquefied natural gas in the global gas supply continues to grow. Honeywell (HON)Continue Reading
Scott Barbour/Getty Images News Shell (NYSE:SHEL) said Tuesday it made a final investment decision on the Manatee project, an undeveloped natural gas field offshore Trinidad and Tobago, which it said will bolster its liquefied natural gas portfolio. Shell (SHEL) said Manatee will allow it to grow its integrated gas businessContinue Reading
abadonian The boom in artificial intelligence technology development and demand sets up companies focused on natural gas as trend winners, Wells Fargo Investment Institute (WFII) said. Midstream energy companies focused on natural gas should be visible long-term beneficiaries from the build out of data-center capacity in the U.S. to runContinue Reading
straga/iStock via Getty Images Saudi Aramco (ARMCO) and Abu Dhabi National Oil Co. have been separately studying potential bids for Australia’s Santos (OTCPK:STOSF) (OTCPK:SSLZY), as both seek to ramp up their natural gas investments overseas, Bloomberg reported late Wednesday. Santos (OTCPK:STOSF) (OTCPK:SSLZY) owns liquefied natural gas projects in Australia, PapuaContinue Reading
Sean Gallup/Getty Images News Germany’s government said Wednesday it has blocked the planned sale of the gas turbine business of Volkswagen’s (OTCPK:VWAGY) (OTCPK:VLKAF) MAN Energy Solutions unit to a Chinese company, citing security reasons. The sale to Chinese state-owned CSIC Longjiang GH Gas Turbine Co., a subsidiary of China StateContinue Reading
Shares of Costco Wholesale Corporation (NASDAQ:COST) were trading more than 1% higher as an analyst note from Stifel noted the company’s increased market share in both the grocery and gas categories, accompanied by a 6% hike in its price target. According to Stifel’s data, Costco (COST) and Amazon (AMZN) currentlyContinue Reading
HJBC/iStock Editorial via Getty Images TotalEnergies (NYSE:TTE) plans to exit its gas discoveries off the tip of South Africa to prioritize exploration in areas closer to promising discoveries near Namibia, Bloomberg reported Tuesday. The company plans to give up its license for Block 11B/12B because it doubts whether the complexContinue Reading
straga/iStock via Getty Images U.S. natural gas futures tumbled to six-week lows Monday, pressured by a loss of demand implied in weekend weather forecasts and recovering U.S. production, with analysts looking for support around $2.50/MMBtu, a level not seen since late May. “Natural gas has been chipping away at theContinue Reading
