EQT will spend less and produce more US natgas by 2025
EQT Energy, the second largest natural gas producer in the United States, will reduce its capital expenditure but increase energy production by 2025. Range Resources, on their part, said they would keep both output and spending relatively constant from 2024. Companies released their first quarter earnings reports and spending plans on Tuesday. The U.S. Gas Prices are forecast to increase in 2025. This year, companies will likely pull out record amounts of gas.
EQT will buy Olympus Energy’s midstream and upstream assets from Olympus Energy for $1.8 billion
EQT announced on Tuesday that it will buy Olympus' upstream and middlestream assets for $1.8 billion, in a cash and stock deal. Profits also exceeded expectations in the first quarter, thanks to higher natural gas prices as well as increased sales volumes. The company will fund the deal with its cash and borrowings from its revolving loan facility and 26 million shares of EQT stock, valued at $1.3 billion. Last year, EQT sold minority stakes of…
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Engineering group, GTT, reported revenues for the first quarter of 190.5 millions euros ($216.18million) on Thursday. It also confirmed its full-year goals. CARMILA On Thursday, the company announced that its gross rental revenue for the first three months of the year was 112 million euro. It also proposed a dividend in cash of 1.25 euros per shares.
Sources say that EU countries are seeking extra flexibility in their gas storage targets
EU diplomats have revealed that the EU is considering rules which would allow countries to deviate from the requirement of 90% gas filling before winter by ten percentage points. In 2022, the EU introduced its gas storage regulations to provide EU countries with a buffer during the winter months after Russia stopped supplying fuel following its invasion in Ukraine. Some EU countries worry that the binding storage filling targets will increase gas prices as they indicate to market participants when European purchasers will require large volumes.
DUH: Germany's Mukran Liquefied Natural Gas terminal is at 5% utilisation during Q1
An analysis released on Monday showed that the German LNG terminal at the Baltic Sea port Mukran was operating at only 5% of its capacity in the first three months of 2025. This is despite local opposition to the project and criticism of the environmental impact. Germany expanded its natural-gas import options in order to replace Russian pipeline supplies and deployed floating storage units and regasification (FSRUs), causing concerns about overcapacity.
DUH: Germany's Mukran Liquefied Natural Gas terminal is at 5% utilisation during Q1
An analysis released on Monday showed that the German LNG terminal at the Baltic Sea port Mukran was operating at only 5% of its capacity in the first three months of 2025. This is despite the ongoing opposition and criticism from locals over the environmental impact of the facility and its excess capacity. Germany is expanding its natural-gas import options in order to replace Russian pipeline supplies. It has also deployed floating storage units and regasification (FSRUs), which has raised concerns about overcapacity.
Italy pays gas incentive for meeting 90% storage target
Gas grid operator Snam announced that Italy will introduce an incentive program at the beginning of this month in order to encourage companies to inject gas into storage following the end of the winter season when its sites were only 42% full. The European Commission set an ambitious target of 90% filling Europe's gas storages by the 1st November to avoid supply shortages and shocks during winter. The mandate has caused prices to be higher than normal for the summer months and often above winter contracts.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Exmar reported on Thursday a decline in FY IFRS revenues to $348.9 millions but an increase in IFRS EBITDA at $204.7 million. It will not be proposing a dividend in 2024. Fluxys announced on Thursday that FY revenues and EBIT had increased to 608.8 millions euros ($657.0) and 133.9million euros, respectively. It proposes to pay a EUR 1.4 dividend per share.
Rapid7 adds 3 new directors to its board of directors as part of a settlement with Jana Partners
Rapid7, a cybersecurity company, announced on Monday that it had reached an agreement with activist investors Jana Partners for three new board members to be added to its team. One of these directors is a partner in the hedge fund. Wael Mohammed, Mike Burns, and Kevin Galligan were named as the new directors of a Boston-based firm. The board has eight members. Reports on Sunday indicated that both sides were close to a settlement for the addition of three directors to Rapid7's board.
Boeing, Apple and GE will join US business delegation to Vietnam next week list shows
A list of participants, including Boeing, Apple, and other top U.S. companies in tech, defence, and energy, will be joining a large mission to Vietnam, next week. This could be a sign of confidence, as Vietnam tries to avoid U.S. tariffs on trade. The US-ASEAN Business Council is an advocacy group that organizes the annual mission. This year, Vietnam is reviewing its tariffs on U.S. products, including liquefied gas, agricultural and high-tech goods, while U.S.
Crown Castle sells fiber assets in an $8.5 billion deal to two entities
Crown Castle announced on Thursday that it would sell its fiber and small cells businesses to two entities for $8.5 billion, following the activist investor Elliott Investment Management's push. The fiber company announced that it would sell its fiber solutions and small cell business to Zayo Group Holdings for $4.25 Billion each. Shares of the Houston-based company increased 2% during extended trading. Crown Castle began exploring options for the…
Egypt talks to Excelerate Energy about floating gas unit, says ministry
The Egyptian petroleum ministry announced on Thursday that it is in discussions with Excelerate Energy about a floating storage unit and regasification (FSRU). This will help to ensure a steady supply of natural gas for the Egyptian market. According to a statement, Steven Kobos CEO of Excelerate Energy expressed his company's willingness to supply the FSRUs necessary to Egypt. According to its website, Excelerate offers downstream LNG infrastructure as well as a fleet consisting of 11 FRSUs.
Vopak will invest an additional 1 billion Euros in industrial and gas terminals before 2030
Vopak, the Dutch tank storage company, doubled its investment goal for expanding its industrial and gas footprint. The company has committed another 1 billion euro ($1.1 billion) to it until 2030. Vopak, a company that provides storage and handling to end markets in the energy and manufacturing industries, stated that its growth strategy is supported by positive market outlooks and demand for infrastructure. Vopak said that it had achieved its goal of increasing its industrial and gas footprint by investing 1 billion euros by 2030.
Sources say that most EU countries support softer storage targets for gas
In a meeting held behind closed doors on Wednesday, a majority of European Union member countries supported plans to relax some of the bloc’s binding gas storage targets when they were extended until 2026-2027. EU diplomats confirmed this. Germany, France, and the Netherlands warned that the EU's deadlines for filling gas storage were pushing prices up. By indicating to the markets that European buyers are required to purchase large volumes of fuel within fixed deadlines, it created an opportunity to manipulate the prices.
Ministers and executives say that if sanctions are eased, Europe will avoid Russian energy.
Ministers and executives at a Houston conference said that European buyers will not return to Russia's Energy Sector if the sanctions are lifted. The bloc has diversified its power mix by using renewable energy and alternative suppliers of gas. According to a joint U.S. and Ukrainian statement released on Tuesday, Ukraine agreed to accept the U.S. proposal of an immediate 30-day truce in order to restore a lasting peace following Russia's invasion. Last week, it was reported that the U.S.
Trump's Energy dominance aims to attract more global companies to the US
Executives said that the market upheaval caused by U.S. president Donald Trump's protectionist policies on trade has not dampened interest from foreign investors in the U.S. Energy Industry. They praised his promise to reduce regulations and support fossil energies. Trump made energy dominance the cornerstone of his administration. He declared a national emergency on his first official day in office, and pulled the U.S. out of the Paris Climate Agreement.
Experts say that Trump's tariffs against steel and aluminum will increase costs for US energy companies
The proposed U.S. steel and aluminum tariffs will increase costs for U.S. Oilfield Services companies that rely on this metal for their operations. Oilfield service firms like ChampionX and Patterson UTI are the backbone for the North American oil and natural gas industry. They provide essential equipment and services to drill, produce and maintain. Steel is the lifeblood of these industries - drilling platforms, pipelines and refineries, compressors and storage tanks, offshore platforms, and offshore platforms.
Exxon Mobil to receive LNG from ARC Resources
ARC Resources announced on Tuesday that it had signed a long-term liquefied gas supply contract with a division of Exxon Mobil. In recent years, global LNG demand has increased amid a move towards cleaner energy. The U.S. is now a major supplier of both Europe and Asia. ExxonMobil LNG Asia Pacific has announced that it will buy all of ARC’s LNG from the Cedar LNG Project, which is approximately 1.5 million tonnes per year (mtpa), ARC said. Cedar LNG…
DNO buys Sval Energi in cash for $450 mln, enhancing North Sea portfolio
Norwegian oil group DNO announced on Friday that it had agreed to purchase rival Sval Energi Group, which is focused on the North Sea from private equity group HitecVision. The cash consideration was $450 million based on a $1.6 billion enterprise value. It said that the transaction would quadruple DNO’s North Sea production, to around 80,000 barrels equivalent per day (boepd), and raise its total output to approximately 140,000 boepd on the basis of pro-forma data for 2024.
Indonesia's Pertamina promises to improve transparency after corruption allegations
Indonesia's state owned energy company Pertamina publicly apologized on Monday and promised to improve its governance following the arrest of five executives from one of its units for alleged corruption in relation to oil imports. Last week, the Attorney General's Office arrested five executives from three Pertamina units on suspicion of corruption in relation to oil imports that occurred between 2018 and 2023. This allegedly caused state losses of $12 billion.
