Atmos Energy announces a rise in profit for Q4 on higher rates and increases dividends to 2025
Atmos Energy announced a higher quarterly dividend and a better fourth quarter profit on Wednesday. The natural gas utility benefited from higher rates. The company reported that higher rates in its distribution…
Public Service Enterprise Group exceeds Q3 profit expectations on the back of higher sales
Public Service Enterprise Group surpassed Wall Street expectations for the third quarter profit on Monday as the electric utility and gas utility benefitted from higher retail sales and growth in distribution margins.U.S.
NiSource's profit beats expectations for the third quarter on increased demand for electricity
NiSource, an electric and gas utility, beat Wall Street expectations for the third-quarter profits on Wednesday. This was due to higher residential and industrial power demand. The U.S. Energy Information…
CenterPoint's third-quarter estimate is lower than expected due to higher costs and Beryl-related problems
CenterPoint Energy, an electric and gas utility, reported a third-quarter loss that was below Wall Street expectations due to higher maintenance costs and lower revenues from its electric segment as a result of Hurricane Beryl.
DTE Energy's profit beats expectations, thanks to higher rates
DTE Energy, an electric and gas utility, beat Wall Street expectations for the third-quarter profits on Thursday as higher supply rates helped its performance in its electricity unit. In premarket trading, shares of the company rose 1%.
Indonesia Plans New Gas Pricing for Industrial Users
Indonesia plans to unveil a new gas pricing policy for industrial customers in March in a bid to lower energy costs for manufacturers, Energy and Mineral Resources Minister Arifin Tasrif said on Thursday.Indonesia's…
Canada's FortisBC to Export LNG to China
FortisBC Energy Inc will export Canadian LNG produced by its small-scale LNG terminal in British Columbia to China starting in 2021.The Canadian natural gas utility, which has operated its Tilbury LNG plant since 1971…
Japan Ink LNG Supply Deal with China
Japanese natural gas utility and supplier Shizuoka Gas signed an LNG sale and purchase agreement with Clean Energy in China for the delivery of chilled fuel from the Shimizu LNG terminal in ISO containers.Shizuoka…
After Denmark, Noreco Eyes UK Acquisitions
Norwegian Energy Company (Noreco) plans to acquire offshore assets on Britain's continental shelf in 2019, following its purchase of Shell's upstream oil and gas licenses in Denmark, its chairman told…
British Columbia Natgas Exports to Washington Rise Slowly After Pipe Blast
The amount of natural gas moving from British Columbia to Washington state through the Sumas hub edged up over the weekend after Enbridge Inc last week returned a pipeline to service following a pipe blast…
Hess Has No Plans to Sell Remaining Asian Assets
U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.While…
Neptune Energy Reports $70 mln H1 Profit
Private equity-backed oil and gas producer Neptune Energy on Thursday reported a profit of $70 million and a cash pile of over $500 million in the first quarterly results it has published, adding that…
Neptune Energy Buys VNG's O&G Assets off Norway, Denmark
Private equity-backed Neptune Energy has agreed to buy the Norwegian and Danish offshore oil and gas assets of German gas utility VNG, the companies said on Thursday.Headed by former Centrica boss Sam Laidlaw and backed by the Carlyle Group and CVC C
India's GAIL Turns to Spot and Short-term LNG Deals
Indian gas utility GAIL (India) has switched its focus to short-term and spot deals for the purchase of liquefied natural gas (LNG) to meet rising demand and hedge against price volatility, its chairman…
Latvia Mulls Options for Baltic Gas Facility
Latvia to liberalise gas market next April. A number of companies, including Germany's Open Grid Europe (OGE), are considering buying a stake in Latvia's future gas grid and storage operator Conexus Baltic Grid, the country's economy minister said.
Brazil Court Upholds Petrobras Sale of Gaspetro Stake to Mitsui
A Brazilian court struck down an injunction suspending the sale by state-led oil company Petrobras of a 49 percent stake in its Gaspetro natural-gas distribution unit to Japan's Mitsui & Co., Petrobras said in a statement obtained on Wednesday.
France Studying Possible Ban on Import of U.S. Shale Gas
French Energy Minister Segolene Royal said on Tuesday she is investigating legal means to ban the import of shale gas from the United States because France has banned shale gas exploration using hydraulic fracking for environmental reasons.
Tokyo Gas to Build LNG Tank at Sodegaura Terminal
Tokyo Gas Co, Japan's biggest natural gas utility, said on Friday it plans to build a new liquefied natural gas (LNG) tank at the Sodegaura LNG terminal on Tokyo Bay. The 200,000-kl tank, slated to begin operations by March 2024…
Power Producer Dominion to buy Questar for $4.4 bln
Power producer Dominion Resources Inc said it would buy natural gas distributor Questar Corp for about $4.4 billion in cash to expand its natural gas operations. Dominion's $25-per-share offer represents…
Lithuania Seeking to Renegotiate LNG Supply Contract with Statoil
Lithuania is seeking to renegotiate a liquefied natural gas (LNG) contract with Norway's Statoil due to falling demand, head of energy group Lietuvos Energija said on Tuesday. "The government has asked us renegotiate the contract...
