That’s what Phil Flynn, a senior market analyst at the PRICE Futures Group, told Rigzone in an exclusive interview on Tuesday when asked why the U.S. natural gas price has dropped lately.
Chevron and Engine No. 1 have announced a new partnership to develop scalable, reliable power solutions for U.S.-based data centers running on U.S. natural gas. Early actions of the Trump Administration are setting the critical foundation to encourage investment leveraging America’s energy abundance to enable America’s AI leadership.
ADNOC Logistics and Services (ADNOC L&S) has joined with an Abu Dhabi seaglider operator to introduce REGENT seagliders into its fleet. ADNOC L&S will use the all-electric seagliders to transport people to and from offshore oil and gas infrastructure.
Coterra Energy has completed its previously announced acquisitions consisting of certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of approximately $3.9 billion, subject to certain post-closing purchase price adjustments.
Flow remediation specialist, Pipetech, has announced the launch of its new Downhole Scale Remediation (DSR) technology, with goals to redefine wellbore cleaning solutions for the global energy sector. Supported by the Net Zero Technology Centre’s (NZTC) emissions reduction program, this innovation promises to redefine wellbore cleaning solutions while advancing sustainable practices.
The anticipated development of the Sipitang Oil and Gas Industrial Park (SOGIP) is set to officially launch in early February. Senior representatives from London-based Gibson Shipbrokers Ltd and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) will lead the Launching Ceremony to mark this major milestone.
MODEC, INC. (the “Company”) announces that it has received a notice of compliance with the continued listing criteria (distribution standard) from the Tokyo Stock Exchange (“TSE”) and confirms that, as of December 31, 2024, it has satisfied the compliance requirements for the continued listing on the TSE’s Prime Market.
Yinson Holdings Berhad has announced that Eirik Arne Wold Barclay the Chief Executive Officer of Yinson GreenTech will leave effective February 1 and will continue in a an advisory director role.
The August announcement stated that Vitol had agreed to acquire Noble Resources Trading Limited for an purchase price equivalent to $0.63 per share on a debt free / cash free basis subject to customary conditions precedent.
Eni SpA (E – Free Report) , the Italian energy giant, is accelerating its asset divestment strategy. UBS analysts predict €3 billion in additional sales by the end of 2025. This milestone will bring Eni’s total asset sales to €8 billion, fulfilling its strategic goal two years ahead of schedule. The company has already completed disposals worth €5.9 billion