Warren Buffett’s path to investing glory
Warren Buffett is retiring as chairman of Berkshire Hathaway, the legendary investor and former CEO. This marks the end of his executive duties with the company he helped turn into one of the largest conglomerates in the world. Buffett will be appointed chairman emeritus.
Vineyard Wind and GE Vernova settle legal dispute over New England wind farms
Vineyard Wind, a wind?farm developer in New England, announced on Wednesday that it had'resolved' a legal dispute arising out of turbine supplier GE Vernova’s attempt to walk away from its $4.5 Billion project based on claims it owed it more than $300 M.
Shell acquires Hunlock creek power plant from Constellation Energy and sells it to them for $715 Million
Shell's North American unit announced on Thursday that it had agreed to sell its interest in a complex of gas-fired power plants in Rhode Island, USA, to Constellation Energy. The company will also expand into the lucrative U.S. Mid-Atlantic energy market.
US Natural Gas Futures Reach Four-Week High
U.S. natural gas futures rose to a near four-week high on Wednesday, supported by forecasts for hotter weather and firm oil prices, while investors awaited a federal storage report due this week. Front-month gas futures for September delivery on the New York Mercantile Exchange rose 9.6 cents…
US Natural Gas Prices Drop to Six Week Low
U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to planned maintenance at Freeport LNG's plant in Texas, and…
US Natural Gas Prices Fall With Ample Supply Maintaining Pressure on Market
U.S. natural gas futures fell for a second straight session on Monday, as ample supplies kept pressure on the market despite forecasts for hotter weather in the coming weeks. On its first day as the front-month, gas futures for August delivery on the New York Mercantile Exchange fell 8.2 cents…
GE Vernova's bid to stop work at New England wind farm is rejected again
A Massachusetts judge refused to lift an injunction that 'forced' turbine supplier GE Vernova?to?continue working on the largest offshore wind farm -in New England, or to send their dispute with $4.5 billion project developer Vineyard Wind to arbitration.
US Natural Gas Reach a One-Week High as Output Drops, LNG Exports Surge
U.S. natural gas futures edged up to a fresh one-week high on Monday on a drop in output over the past couple of weeks and forecasts for cooler weather and higher demand through early May than previously expected.Gas futures were also supported by near-record gas flows to U.S.
The US LNG production was cut in January by the winter freeze; imports from Trinidad filled the gap.
LSEG's preliminary data shows that exports of liquefied gas from the U.S. in January fell to 11.3 million metric tons, down from December’s record of 11.5 MT. A winter freeze in late-January shut some plants while lowering output at others. On January 26, gas flows into U.S.
US natgas prices soar by 140% in the Arctic storm, increasing consumer costs
U.S. Natural Gas?Futures have jumped 140% in the last seven trading days. Cash gas and power prices also hit record highs this week, as an Arctic blast sent heating demands soaring, and frozen?oil?and?gas wells cut gas production to a 2-year low.
US Northeast spot natgas, power and electricity prices reach record highs due to Arctic blast that boosts heating demand and freezes gaswells
U.S. spot gas and power prices soared in the northeastern region of the country as homes and businesses turned up their heaters. The cold Arctic air had frozen oil and gas wells, and pipes this week. This resulted in gas production dropping to a 2-year low.
PJM, the largest US power grid, issues alerts when storms increase energy demand
The largest U.S. grid PJM announced on Tuesday that it had issued additional alerts to transmission & generation firms, as a'monster winter -storm' looked to be bringing unprecedented energy demand. The operator, who serves 13 states and District of Columbia…
US energy sector reels as winter storm knocks 2 million bpd crude production
Analysts and traders estimate that U.S. producers lost as much as 2 million barrels per day or 15% of their production during the weekend. This was due to a winter storm which ravaged the nation, straining the?energy grids and infrastructure.
US natgas Futures Soar 119% in Five Days as Freezing Wells Cut Output to Two-Year Low, Short Covering
In Supply According This This According Met These If The Week Week Residential 33.7 44.6 36.8 28.4 29.9 U.S. Power Plant 35.2 39.1 35.6 34.4 32.5 U.S. Industrial 26.7 28.4 27.2 25.3 26.0 U.S. Plant Fuel 5.3 4.9 5.1 5.3 5.2 U.S. Eastern Gas (old 40.00 8.36 3.74 2,79 2.96 Dominion South). ICE U.S.
US energy sector reels as winter storm knocks 2 million bpd crude production
Analysts and traders estimate that U.S. producers of oil lost up to two million barrels per day, or about 15% of the nation's production, over the weekend as a winter storm swept through the country, straining the energy infrastructure and the power grids.
The US Electric Grid is stressed by the cold weather
Electric grid operators in the U.S. took extra precautions on Saturday to avoid rotating blackouts, as frigid temperatures hit half of America's population. The PJM Interconnection – the largest?U.S. The PJM Interconnection, which serves 67…
Vistra buys Cogentrix Energy for $4.7 billion amid rising power demand
Utility Vistra announced on Monday that it has agreed to purchase Cogentrix Energy from Quantum Capital Group for $4.7 billion. The company is looking to meet the growing demand for power. The shares of the company increased by nearly 5% during extended trading.
US Natural Gas Futures Fall Ahead of Warmer Weather, Slow Demand
U.S. natural gas futures began the year on a weak note on Friday, weighed down by forecasts for warmer weather and expectations of slower demand growth.Front-month gas futures for February delivery on the New York Mercantile Exchange were 9.6 cents…
US Natural Gas Falls Over 5% Ahead of Above Normal Temperatures
U.S. natural gas futures fell over 5% on Tuesday, pressured by forecasts of above normal temperatures next week, though the market was set for a second consecutive yearly gain led by record gas flows to liquefied natural gas export plants. Front…
US Natural Gas Futures Rise as Forecasts Predict Colder Weather
U.S. natural gas futures rose on Friday in thin-volume trading and were on track for a weekly gain, ending a two-week losing streak, as forecasts pointed to colder weather and increased demand in the weeks ahead.Front-month gas futures for January…