World Oil (Bloomberg) – Chesapeake Energy Corp.’s $7.4 billion takeover of Southwestern Energy Co. has been delayed until the second half of the year after antitrust regulators demanded more details from the natural gas operators. The transaction, which aims to create the largest U.S. natural gas driller, originally envisioned closing no later than the end of June. But a Federal
Oil Price The U.S. grid’s vulnerability to cyberattacks has grown, the North American Electric Reliability Corporation has warned. According to the regulator, the number of vulnerability points in the grid had grown from between 21,000 and 22,000 at the end of 2022 to 23,000-24,000 at the end of 2023. “It’s very hard to keep pace with addressing all those vulnerabilities,”
Investing LONDON -Shell said on Friday it expects significantly lower results from its liquefied natural gas trading business in the first quarter of 2024 compared with the previous three months. In an update ahead of quarterly results on May 2, Shell (LON:RDSa) also said its oil trading results are expected to be significantly higher than the last quarter of 2023. Shell, the world’s
World Oil (Bloomberg) – Republican House leadership is considering including a provision in a potential aid package for Ukraine that would require the Biden administration to approve some liquefied natural gas (LNG) export projects, according to people familiar with the matter. The wording, which has yet to be finalized, could set a threshold that effectively requires some LNG export projects
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 620 rigs. Canada had a decrease of 15 over last week, resulting in a total Canadian count of 136 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford,
Oil Price Saudi oil giant Aramco, the world’s top crude oil exporter, hiked on Friday the prices of most of its crude grades for May, as Middle Eastern benchmarks are strengthening in a market that looks increasingly tight. For a second consecutive month, Saudi Arabia raised the price of Arab Light, its flagship grade selling in Asia, by more than
US News LONDON – Oil prices extended gains on Friday and were on course for a second weekly gain, supported by geopolitical tensions in the Middle East, concerns over tightening supply and expectations about demand growth as economies improve. Brent crude was up 26 cents, or 0.3%, to $90.91 a barrel by 1252 GMT. U.S. West Texas Intermediate crude was
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