European firms exposed as Trump targets US offshore wind
U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly…
US NatGas Demand Could Hit Record High
U.S. spot natural gas and power prices soared to multi-year highs in several parts of the country with extreme cold expected to boost gas demand to a daily record high on Tuesday.Extreme…
Orsted flags Sunrise Wind delays and increased costs as a $1.7 billion impairment
Orsted, the offshore wind developer, announced Monday an impairment charge in the amount of 12.1 billion Danish crowns (1.69 billion dollars) for the fourth quarter. The company cited a delay…
The demand for US natgas is expected to reach a record high on Tuesday
The U.S. demand for natural gas is expected to hit a record on Tuesday as the extreme cold that has affected much of America puts pressure on power grids, and certain oil and gas operations.
Sources say that Kretinsky EPH is among the suitors who have approached Uniper about its EPH.
Three people with knowledge of the matter claim that Berlin has approached Daniel Kretinsky, a Czech billionaire, about buying German state-owned utility Uniper. Sources said that…
Air Products announces timeline for CEO departure, Neuberger supports dissident slate
Air Products and Chemicals gave a specific date for the departure of its CEO, while investors began voting for directors in an intensely contested boardroom fight. The company announced…
After holiday weekend, US demand for natgas is expected to reach record levels
The U.S. demand for natural gas is expected to hit a record next week, as the extreme cold that has gripped the U.S. this winter will put pressure on power grids again the day following the Martin Luther King Jr.
Oilfield services provider Flowco raised $427 mln through its US IPO
Flowco Holdings announced on Wednesday that it had raised $427.2 Million after pricing its U.S. Initial Public Offering above its target range. Flowco set the price of its 17.8 million shares to $24 per share.
Colonial Pipeline's gasoline line likely shut until Friday
Colonial Pipeline's main U.S. gasoline artery is expected to be shut through Friday as the company continues to search for the source of a suspected leak in Paulding County, Georgia…
New York City dismisses climate change lawsuit against Exxon BP Shell
A judge dismissed New York City’s lawsuit against Exxon Mobil and BP for misrepresenting their products and commitment to renewable energy, as well as their fight against climate change.
EIA predicts that oil prices will be pressured by oversupply between 2025 and 2026
The U.S. Energy Information Administration's Short-Term Energy Outlook, released on Tuesday, said that oil prices would be pressured in 2025 and in 2026 due to the global production growth exceeding demand.
New York Times Business News - January 14
These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch their accuracy. The Securities and Exchange…
US issue partial guidance on clean-fuel subsidies, which chastises ethanol producers
The U.S. Government released on Friday short-term guidelines on how companies could secure clean fuel tax credit under the Inflation Reduction Act. However, it did not finalize the key details of the program.
Sources say that the US will release a model of clean fuel tax credit that restricts ethanol producers' access to credit.
Three sources with knowledge of the issue said that the U.S. will release a model climate for clean fuel tax credit by the end of next week. This model will drastically reduce the…
EIA: Cushing Crude Stocks fall to Decade-low levels
U.S. crude stocks fell last week, driving the Cushing, Oklahoma hub to a 10-year low, while fuel inventories surged, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 959…
Oil services provider Flowco is seeking a valuation of up to $2 billion in its US IPO
Flowco Holdings, a provider of oilfield services in the United States said on Tuesday that it was seeking a valuation up to $2 billion for its initial public offer in the United States.
Trump weighing executive order protecting gas stoves, sources say
Two sources familiar with Trump's plans say that the President-elect is considering an executive order to protect gas appliances, such as stoves and heaters, from federal and state…
British Business - January 7
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch their accuracy. Rachel Reeves will lead a ministerial…
US Storm, Weaker Dollar Push Oil to 12-week High
Oil prices edged up to a 12-week high on Monday as a winter storm boosted demand for energy to heat U.S. homes and businesses, and on support from a weaker U.S. dollar and expectations…
Biden bans offshore oil and gas drilling before Trump's term
The U.S. president Joe Biden has announced that he will ban all new offshore oil and natural gas development along the majority of U.S. coasts. This is a decision which President…
