Friday, December 20, 2024
2023 could be the best year for U.S. energy IPOs since 2017- oil and gas 360

2023 could be the best year for U.S. energy IPOs since 2017

Oil Price Ten U.S. energy and utility companies have either completed or filed for initial public offerings on the U.S. stock market this year, and if all current listing plans pan out, 2023 could see the highest number of energy IPOs since 2017, per data from Renaissance Capital cited by the Financial Times. Higher oil and gas prices over the past

Three new U.S. LNG projects could get the green light this year- oil and gas 360

Three new U.S. LNG projects could get the green light this year

Oil Price Three new liquefied natural gas projects could get their final investment decisions this year, Reuters has calculated, out of a dozen awaiting the green light.   According to the calculations, those three projects have collected enough buyer commitments to ensure the project would be commercially viable. They include Sempra Energy’s Port Arthur facility and NextDecade’s Rio Grande plant in

Why America’s outdated energy grid is a climate problem- oil and gas 360

Why America’s outdated energy grid is a climate problem

CNBC The network of transmission lines that carry electricity across the U.S. is old and not set up to meet the anticipated demand for clean energy sources like wind and solar.   Currently, electricity generation results in 32% of carbon dioxide emissions in the United States, mostly from burning fossil fuels like oil, coal, and natural gas. Those fuels are transported

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had a decrease of 1 this week, at 760

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 1 over last week, resulting in a total count of 760 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 248 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Cana

Saudi Arabia: 2022 OPEC oil agreement “here to stay”- oil and gas 360

Saudi Arabia: 2022 OPEC oil agreement “here to stay”

World Oil Bloomberg) — The OPEC+ alliance plans to stick with an oil deal agreed in late 2022 for the rest of the year, Saudi Arabia’s energy minister said, reinforcing earlier signals from the group.     In October, OPEC and its partners took the unusual step of assigning fixed production targets for a full year ahead. Key officials have

Oil heads for weekly loss on rate hike worries, ample supply- oil and gas 360

Oil heads for weekly loss on rate hike worries, ample supply

BOE Report Oil fell about 2% on Friday and was heading for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh on demand, and signs of ample supply.   Two Fed officials on Thursday warned additional hikes in borrowing costs are essential to lower inflation to desired levels. Heightened rate hike expectations