The Covid-19 pandemic has made it difficult for U.S. liquefied natural gas (LNG) developers to sign additional long-term natural gas supply deals with producers to help fund new liquefaction capacity, an industry analyst said. Cheniere Energy Inc. signed two long-term deals last year with Permian Basin producers to buy natural gas at prices linked to…
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Argentina’s government announced on Friday it is freezing natural gas prices for users until the end of the year and will forbid canceling utility services even if users haven’t paid their bills. The move is part of the country’s response to the coronavirus outbreak that has stalled the economy and has kept much of the…
Atlanta-based RPC Inc., which provides specialized oilfield services and equipment to customers working in the Lower 48 and Gulf of Mexico, has adjusted its operating strategy to compete in a “difficult environment,” CEO Richard A. Hubbell said Wednesday.
Private equity (PE) firm Kimmeridge Energy Management Co. LLC said Wednesday it has closed its fifth upstream-focused fund after raising $800 million.
Mexico’s upstream regulator has signed a cooperation agreement with the country’s Naval Secretariat to monitor offshore exploration and production (E&P) activities using satellite technology.
Rapid City, SD-based Black Hills Corp. has decided to sell what remains of its oil/natural gas business by the end of next year, CEO David Emery reported during a 3Q2017 earnings conference call on Friday. Included are San Juan Basin and Powder River Basin assets.
A long-standing willingness by exploration and production (E&P) companies to outspend their cash flow may butt up against concerns about leverage and commodity uncertainty as 2018 capital spending budgets are planned, according to Raymond James & Associates.
The energy industry continues to step up efforts to help Texas and Louisiana residents impacted by Harvey, with millions of dollars in relief effort pouring into charities.
Linn Energy Inc., which emerged from the commodity price downturn smaller but still energized, on Wednesday agreed to combine forces with a private operator to create Roan Resources LLC, whose goal is to accelerate development in Oklahoma’s prolific Anadarko Basin.
With a combined $1.25 billion in commitments, the Canada Pension Plan Investment Board (CPPIB) and Houston’s Encino Energy LLC on Wednesday launched an exploration company to hunt for oil and natural gas assets in the U.S. onshore.