tldrdaily.news logo
Tag

Naturalgas

All articles tagged with #naturalgas

energy-and-environment2 years ago

"Key Natural Gas Facility's Vulnerability Threatens Winter Power Stability in US Northeast"

The Everett natural gas import plant near Boston, a key defense against winter blackouts in the US Northeast, is facing closure in May as its primary customer, the Mystic power station, is retiring. Both the plant and the power station are owned by Constellation Energy Corp., which has deemed the power station uneconomic to run under most conditions. This impending shutdown raises concerns about the region's energy reliability during extreme cold seasons.

via Bloomberg|
##blackouts#constellationenergy
business-and-finance2 years ago

"Southwestern and Chesapeake Energy Poised for Landmark $17 Billion Gas Merger"

Chesapeake Energy and Southwestern Energy are reportedly close to finalizing a merger that would create a company valued at nearly $17 billion, potentially becoming the largest U.S. natural gas-focused exploration and production firm by market value. The merger, which could be announced as early as next week, is part of a trend of consolidation in the energy sector amid sluggish natural gas prices. Both companies have significant operations in Appalachia and the Haynesville basin, and the deal follows Chesapeake's post-bankruptcy strategy to concentrate on natural gas.

via Reuters|
##business-and-finance#chesapeakeenergy
business-and-finance2 years ago

"Chesapeake and Southwestern Poised for $17 Billion Merger to Become Top US Gas Producer"

Southwestern Energy and Chesapeake Energy, two prominent natural gas producers, are reportedly on the verge of a merger that could create a nearly $17 billion entity. This merger would position the combined company as one of the largest natural gas producers in the United States, with a production of about 7.4 billion cubic feet of gas per day. The potential merger, which could be finalized as early as next week, has already had a positive impact on the companies' stock prices since initial reports in October.

via news9.com KWTV|
##business-and-finance#chesapeakeenergy
business-and-finance2 years ago

"Southwestern and Chesapeake Approach $17 Billion Merger Deal"

Southwestern Energy and Chesapeake Energy are reportedly on the verge of merging to form a company valued at around $17 billion, which would be one of the top natural-gas producers in the United States. The deal, enhancing Chesapeake's footprint in Louisiana and the Northeast, could be finalized as early as next week if negotiations continue without issues.

via The Wall Street Journal|
##business-and-finance#chesapeakeenergy
business-and-finance2 years ago

"Chesapeake and Southwestern Poised for $17 Billion Merger to Create Gas Giant"

Southwestern Energy Co. and Chesapeake Energy Corp. are reportedly nearing a merger that would create a $17 billion entity, poised to become one of the top natural gas producers in the United States. The merger would enhance Chesapeake's focus on natural gas and its capacity to meet the rising global demand for US liquefied natural gas exports. The combined company would surpass EQT Corp. as the largest producer and expand its presence in the Marcellus and Haynesville basins. This development aligns with the trend of US oil and gas companies consolidating to reduce costs and boost production.

via Yahoo Finance|
##business-and-finance#chesapeakeenergy
finance-and-business2 years ago

"Natural Gas Prices Fluctuate Amid Changing Weather Forecasts and Market Rallies"

Natural gas prices have shown a strong upward trend, breaking past the 38.2% Fibonacci retracement level and facing resistance at the 50-Day Moving Average. The commodity's price exceeded several key levels, suggesting potential for further increases if it closes above the 50-Day MA. Despite a previous bearish signal, natural gas has recovered and is confirming a breakout above the 200-Day MA, which could act as support in future retracements. The market's momentum indicates that higher price targets are within reach, with technical patterns supporting the bullish outlook.

via FX Empire|
##commodities#finance-and-business
business-and-economy2 years ago

"U.S. Claims Global Lead in LNG Exports for 2023"

In 2023, the United States became the world's leading exporter of liquefied natural gas (LNG), setting monthly and annual records in December. This surge was primarily due to the Freeport LNG facility's return to full service and the full-year output of Venture Global LNG’s Calcasieu Pass facility. U.S. exports increased by 14.7% to 88.9 million metric tons, overtaking Qatar and Australia. Europe was the largest recipient of U.S. LNG, followed by Asia and Latin America. The increase in exports aligns with higher natural gas flows to U.S. LNG export plants, indicating a robust growth in the country's LNG production and export capacity.

via Fox Business|
##business-and-economy#energy
finance-and-business2 years ago

"US Natural Gas Prices Rally Amid Surging Demand and Colder Weather Forecasts"

Natural gas prices have surged, surpassing the 200-Day Moving Average, indicating a bullish momentum in the market. Technical analysis by Bruce Powers suggests that after breaking out above the previous trend high, natural gas is on track to reach higher target zones, with the immediate range set between $2.77 and $2.80. Secondary targets are identified at $2.90 and $3.035, based on Fibonacci retracement levels. Despite the positive trend, there are conflicting signals in the market, and a close above the 50-Day MA could further improve the bullish outlook. Investors are watching to see if the commodity will encounter resistance strong enough to reverse the trend or continue its upward trajectory.

via FX Empire|
##commodities#finance-and-business
legalenvironmental-policy2 years ago

"Courts Challenge Berkeley's Gas Ban as Seattle Electrifies Amid Legal Disputes"

The U.S. Court of Appeals for the Ninth Circuit has denied the City of Berkeley's petition to rehear a case regarding its natural gas ban in new constructions, which was previously ruled illegal. The ban, intended to reduce greenhouse gas emissions, was challenged by the California Restaurant Association and found to violate the federal Energy Policy and Conservation Act. Despite support from the Biden administration and environmentalists, the court's decision stands, preventing Berkeley from implementing the ban and maintaining consumer energy choices.

via Fox News|
##berkeleygasban#climatechangelegislation
energy2 years ago

"US Claims Global LNG Export Crown with Record 2023 Shipments"

The United States has become the world's largest exporter of liquefied natural gas (LNG), surpassing Australia and Qatar, with exports reaching 91.2 million metric tons in the previous year. This surge is partly due to the EU's efforts to decrease dependence on Russian gas and the resumption of operations at the Freeport LNG facility in the U.S. after a temporary shutdown. With new facilities starting up, including Venture Global LNG's Plaquemines in Louisiana and ExxonMobil and QatarEnergy's Golden Pass in Texas, the U.S. is expected to further increase its LNG exports. The Netherlands, the UK, and France were the primary destinations for U.S. LNG in the first half of 2023, with Europe being the main market in December.

via OilPrice.com|
##energy#energymarket