Sunday, January 26, 2025
EQT announces transformative acquisition of Equitrans Midstream- oil and gas 360

EQT announces transformative acquisition of Equitrans Midstream

Oil and Gas 360 03/11/2024 Creates America’s only large-scale, vertically integrated natural gas company prepared to compete on the global stage All stock transaction with combined company enterprise value over $35 billion Provides >2,000 miles of critical pipeline infrastructure with extensive overlap with EQT’s core upstream operations and existingmidstream assets Reduces EQT’s long-term corporate free cash flow breakeven(1) to less than $2

Trouble for U.S. diesel and gasoline exports- oil and gas 360

Trouble for U.S. diesel and gasoline exports

Oil and Gas 360 After years of delays and running $7 billion over budget, Pemex’s CEO says the company’s new Dos Bocas (Olmeca) 340,000 bpd refinery will reach maximum production by the end of March. The new refinery will produce 170,000 bpd of gasoline and 120,000 bpd of ultra-low sulfur diesel, increasing Pemex’s fleet-wide output forecasts by 60% to 1.05

Shell’s LNG trading head to step down weeks after posting $2.4 billion profit- oil and gas 360

Shell’s LNG trading head to step down weeks after posting $2.4 billion profit

Oil Price Just weeks after posting $2.4 billion in trading profits from liquefied natural gas (LNG) in the fourth quarter of last year, the long-time head of Shell’s LNG, natural gas and power trading unit, Steve Hill, is stepping down, the supergiant announced on Monday. Hill will officially step down from his position as head of Shell Energy on March

Alberta's ban on renewables could hurt C$11 bln in investments says study- oil and gas 360

Alberta’s ban on renewables could hurt C$11 bln in investments, says study

Yahoo Finance OTTAWA – Canadian province Alberta’s ban on some renewable projects could hurt C$11.1 billion ($8.24 billion) in investments and stall up to 6.3 gigawatts (GW) of solar and wind power capacity, a study said on Monday. The new rules can potentially impact 42 projects valued at over C$11 billion and several thousand jobs, the Pembina Institute, an Alberta-based

Bank of America set to expand its energy transition business- oil and gas 360

Bank of America set to expand its energy transition business

Oil Price Bank of America is looking to expand its business related to the energy transition, boosting carbon trading, and power and natural gas markets trading, senior executives have told Bloomberg. Banks in the United States and Europe are looking to boost exposure to trading products and financing projects that are deemed of key importance to the energy transition. Bank of