U.K.'s Centrica Seeks to Sell Liquefied Natural Gas Portfolio
The energy supplier is trying to sell its portfolio of LNG supply contracts and other assets, according to people familiar with the matter, as it seeks to simplify its operations amid volatile LNG prices.
Repsol Unveils Five-Year Investment Plan
Repsol said it would invest EUR18.3 billion until 2025 in a push to accelerate its energy transition, become more sustainable and boost shareholder returns.
Oil ends at more-than-8-month high
Oil prices continue to steam higher Wednesday, closing at a more-than-eight-month high on continued optimism over progress toward COVID-19 vaccines and a drop in U.S. crude inventories.
U.S. Oil-Rig Count Grows by 10 in Latest Week
The number of rigs drilling for oil in the U.S. jumped by 10 in the latest week to 241, according to Baker Hughes. The week's count is 427 lower from the year-ago period.
Natural Gas Rises for 4th Straight Session
Natural gas notched a higher closing price Wednesday for a fourth consecutive session as bullish investors were encouraged by data showing firmer LNG feedgas demand, and a weekly EIA report that wasn't as bearish as expected.
Exxon Documents Reveal More Pessimistic Outlook for Oil Prices
The Texas oil giant has lowered its outlook on oil prices, suggesting it expects the fallout from the coronavirus pandemic to linger for much of the next decade.
Big Oil's Lessons for the New Green Supermajors
The decline of oil and gas supermajors over the past two years has been matched by the rise of previously obscure utility companies. In Europe, Enel and Iberdrola have emerged as green-energy giants, in part by taking leaves out of the big-oil playbook.
Tullow Oil to Focus on West Africa
Tullow Oil said it will focus 90% of future investments on West Africa and expects its new strategy to generate around $7 billion of operating cash flow over the next decade.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities.
Europe's Biggest Utility Company to Ramp Up Spending on Wind, Solar Power
Enel plans to spend around $83 billion expanding its presence in wind and solar power in the coming decade, seeking to cement its position as the world's largest renewable energy producer outside China and capitalize on the shift to green energy.
(END) Dow Jones Newswires