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The United States is among over 100 countries that have pledged to cut their methane emissions 30% by 2030 from 2020 levels. They also say smaller wells often produce only insignificant methane emissions that don't warrant the cost and effort of a monitoring program. The problem, environmentalists say, is that collectively, the smaller wells produce a massive amount of climate-damaging methane. Exempting wells that produce less than 6 barrels per day would effectively exclude more than 80% of those marginal wells from the EPA rule, according to KIOGA. The supplemental ruling could also address the industry's use of flaring, or the deliberate burning of excess natural gas from well sites, which can also lead to methane emissions.

☆ Ithaca Energy breathes life into UK stock market as bookrunners eye $3.6 bln listing
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 2 (Reuters) - Ithaca Energy's (IPO-IHEG.L) London listing will be priced at 250 to 310 pence, giving the North Sea oil and gas producer an implied market value of 2.5 billion to 3.1 billion pounds ($2.87 billion to $3.56 billion), bookrunners said on Wednesday. Ithaca, owned by Tel Aviv-listed Delek Group (DLEKG.TA), expects to be eligible for inclusion in the FTSE UK indices. The bookrunners said the listing is expected to have a free float of at least 10%, with the first day of trading on November 9. Goldman Sachs (GS.N) and Morgan Stanley are joint global co-ordinators on the deal while HSBC (HSBA.L), Jefferies (JEF.N) and Bank of America (BAC.N) are joint bookrunners, with ING (INGA.AS) acting as co-lead manager. ($1 = 0.8702 pounds)Reporting by Huw Jones and Sinead Cruise; editing by Jason Neely and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Goldman's top stock strategist lays out the one big market risk left and what to do about it
▼ + stars: | 2022-11-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

David Kostin, Goldman Sachs' chief U.S. equity strategist, said that Wall Street is still expecting too-high profits next year. Kostin recommended investors continue to look at energy, dismissing some arguments that the majority of gains have already materialized. That contrasts other areas of the market, like Big Technology, that have not performed as strongly so far in third quarter earnings season. Kostin also emphasized energy's commitment to returning cash to shareholders as the companies see these stronger profits through dividends and buybacks. When looking at specific companies, he said to still focus on which are returning cash to shareholders.

☆ Devon Energy's third-quarter beat comes on the back of solid capital discipline
▼ + stars: | 2022-11-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

3Q cash flow Operating cash flow for the quarter increased 32% year-over-year, to $2.1 billion, roughly in line with analysts' estimates of $2.18 billion. Free cash flow grew 31% annually, to $1.48 billion, in line with forecasts of $1.45 billion. Capital allocation At the Club, we pay close attention to cash flow metrics. The strong cash flow realized in the third quarter allowed management to announce a fixed-plus-variable dividend of $1.35 a share. Free cash flow is expected to increase more than 25% on an annual basis.

☆ Energy shares shine again on Wall Street, lifted by earnings
▼ + stars: | 2022-10-31 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

A standout all year, the S&P 500 energy sector (.SPNY) is up 26% in October alone, against an 8% rise for the overall S&P 500 (.SPX). Overall S&P 500 earnings are expected to have climbed just 4%. Indeed, excluding energy's contribution, S&P 500 earnings are set to have declined 3.5% in the quarter, according to IBES. Energy companies are benefiting from rising oil and gas prices, with U.S. crude prices up 16% so far this year. Indeed, energy sector earnings are expected to decline 11.5% in 2023, according to IBES data.

☆ What Cramer is watching Monday — October's stock pop, tech reign over, China's zero Covid
▼ + stars: | 2022-10-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Wynn Resorts (WYNN) jumps 5% in the premarket after a 4.5% pop Friday. UBS downgrades Caterpillar (CAT) to neutral (hold) from buy; cuts price target by $5-per-share to $230, which is silly. Outback Steakhouse owner Bloomin' Brands (BLMN): two price target boosts, Citi and Barclays. Barclays: LyondellBasell (LYB) downgraded to equal weight from overweight (hold from buy), cut price target to $82 per share from $95. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ QatarEnergy names ConocoPhilips partner for LNG expansion project
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +1 min

DOHA, Oct 30 (Reuters) - QatarEnergy's chief executive on Sunday named ConocoPhillips (COP.N) as the third and final partner on the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project. State-owned QatarEnergy had already announced Shell and TotalEnergies as partners in the North Field South expansion and Kaabi said each would hold a 9.375% stake. The North Field is part of the world's biggest gas field that Qatar shares with Iran, which calls its share South Pars. Kaabi said discussions continued with several Asian buyers as "value-added partners" on the North Field expansion, but that the Western international partners were all announced. Several supply agreements were being discussed in relation to the North Field expansion, he said, adding that there would be announcements in due course.

☆ How super-hot rocks miles under the earth's surface could help combat climate change
▼ + stars: | 2022-10-28 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

"It will take public and private investment similar to those being allocated to nuclear, carbon capture, and hydrogen fuels," Hill told CNBC. But accessing superhot rock energy involves tapping into hotter, dry rock — which is everywhere, but sometimes far beneath the surface. Graphic courtesy Clear Air Task ForceIceland is a leader in investigating superhot rock geothermal energy with its Iceland Deep Drilling Project. Beyond Iceland, Italy, Japan, New Zealand and the United States are leaders in superhot rock geothermal, according to Friðleifsson. Oil and gas companies could use their resources to help spur development in the superhot rock industry, the CATF report said.

☆ How super-hot rocks miles under the earth's surface could provide limitless clean energy
▼ + stars: | 2022-10-28 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

The Clean Air Task Force commissioned a non-profit geothermal organization, the Hot Rock Energy Research Organization, and an international clean energy consultancy, LucidCatalyst, to estimate the levelized cost of commercial-scale superhot rock electricity. Graphic courtesy Clear Air Task ForceRegular versus superhot geothermalWhile energy from superhot rocks is not being used now, geothermal energy is being used in a few places where super-hot temperatures exist close to the surface of the earth. But accessing superhot rock energy involves tapping into hotter, dry rock — which is everywhere, but sometimes far beneath the surface. Graphic courtesy Clear Air Task ForceIceland is a leader in investigating superhot rock geothermal energy with its Iceland Deep Drilling Project. Beyond Iceland, Italy, Japan, New Zealand and the United States are leaders in superhot rock geothermal, according to Friðleifsson.

☆ U.S. natgas futures falls 3% on mild weather forecasts
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +3 min

Oct 28 (Reuters) - U.S. natural gas futures fell about 3% on Friday on record output and forecasts for mild weather and low heating demand through mid November, which should allow utilities to inject more gas into storage than usual for at least a few more weeks. The market was still waiting for the return of Freeport LNG's export plant in Texas. On its first day as the front-month, gas futures for December delivery fell 19.1 cents, or 3.3%, to settle at $5.684 per million British thermal units (mmBtu). During the first nine months of 2022, roughly 60%, or 6.3 bcfd, of U.S. LNG exports went to Europe, as shippers diverted cargoes from Asia to fetch higher prices. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe.

☆ The state of natural gas supply with Rystad Energy's Emily McClain
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe state of natural gas supply with Rystad Energy's Emily McClainRystad Energy's Emily McClain joins 'Power Lunch' to discuss the growth of storage inventory injections, drops in domestic prices due to increased nat gas supply and the link between weather patterns and demand.

Oct 24 (Reuters) - U.S. natural gas futures jumped about 5% after sliding to a fresh seven-month low earlier in the session on a technical rebound and expectations demand would rise as liquefied natural gas (LNG) exports increase once export plants exit maintenance outages in coming weeks. Some traders expect Freeport will return to service in November while others believe the return will be delayed. Front-month gas futures rose 24.0 cents, or 4.8%, to settle at $5.199 per million British thermal units (mmBtu). During the first nine months of 2022, roughly 60%, or 6.3 bcfd, of U.S. LNG exports went to Europe, as shippers diverted cargoes from Asia to fetch higher prices. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe.

A contractor works on a crude oil pipeline at the U.S. Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas, in 2016. There are now about 400 million barrels of crude oil left in the SPR. Since its establishment, only three presidents other than Biden have directed the sale of oil from the petroleum reserve, while exchanges have been more common. Barack Obama directed the release of 30 million barrels in 2011 to offset supply disruptions caused by Libya’s civil war; in 2005, George W. Bush released 11 million barrels to help refiners hurt by Hurricane Katrina; and in 1991, George H.W. Bush released 17 million barrels in response to the Gulf War.

☆ U.S. natgas falls 4% to 3-mth low on mild weather, global price collapse
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +4 min

Oct 18 (Reuters) - U.S. natural gas futures fell about 4% on Tuesday to a three-month low as oil and European gas prices dropped and forecasters called for milder U.S. weather over the next two weeks. U.S. gas prices have been declining for eight weeks as record domestic output and reduced liquefied natural gas (LNG) exports have allowed utilities to inject much more gas than usual into storage. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe. With milder weather coming, Refinitiv projected average U.S. gas demand, including exports, would fall from 101.0 bcfd this week to 95.9 bcfd next week. U.S. LNG exports, however, could start to rise this week if Cove Point returns to service as some traders expect.

☆ GM is starting an energy storage subsidiary to take on the Tesla Powerwall
▼ + stars: | 2022-10-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

The new business unit, called GM Energy, will consist of Ultium Home, Ultium Commercial and Ultium Charge 360 divisions. Ultium Home and Ultium Commercial will, as their names imply, supply energy storage for homes and businesses, respectively. GM Energy will also be involved with hydrogen fuel cells and solar energy products, GM said in its announcement. GM Energy will work with California’s Pacific Gas and Electric on a pilot program to test the concept using GM electric vehicles starting in 2023, GM said in the announcement. The new subsidiary is also working with solar energy provider SunPower, which will install solar panels on customers’ homes, GM said.

☆ Vestas launches 'world's tallest onshore tower for wind turbines'
▼ + stars: | 2022-09-29 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

A Vestas wind turbine photographed in Denmark. The company said Tuesday it would launch an onshore wind turbine tower with a hub height of 199 meters. In a statement, the Aarhus-headquartered company described it as "currently the world's tallest onshore tower for wind turbines." The growing size of wind turbines has led to concerns about whether port infrastructure, highways and the ships used to install turbines at sea can cope. The last few years have seen a number of major offshore wind energy projects take shape.

Under no circumstances is it safe at this time, or responsible, to have anyone other than us touching the power lines." A child rides a scooter past downed electricity lines in Salinas, Puerto Rico, on Sept. 20. Many such former employees worked fixing power lines before Luma took over the island's electric transmission and distribution last year. In Villalba, the brigade dubbed "Villalba Power" started unhooking power lines tangled in ravaged trees. Hernandez said he is confident Puerto Rico will be fully energized in less than a month.

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. The global LNG market has more than doubled in size since 2011, ushering in dozens of new entrants and the expansion of smaller players in Asia. The capital needed to trade the market soared after benchmark LNG prices rose from record lows below $2 per million British thermal units (mmBtu) in 2020 to highs of $57 in August. LNG spot prices price stood at $40.50/mmBtu then. 'DIFFICULT TO COMPETE'High LNG cargo prices are also widening energy poverty globally as some cargoes, initially destined for poorer nations, end up being diverted to European buyers.

☆ Meet Michael Klausner, the Stanford law professor who is the biggest critic of the SPAC deal craze — and believes its crash was 'completely predictable'
▼ + stars: | 2022-09-23 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

Many SPAC deals announced last year have been having a hard time closing. Now, the dismal fates of dozens of SPAC deals announced during last year's SPAC frenzy seem to vindicate his analysis. And others this year, like men's grooming brand Manscaped, SeatGeek, the live event ticket search engine, and business news outlet, Forbes, have all scrapped their SPAC deals to go public. Klausner has been paying attention to SPAC deals for a few years. Of the 275 deals announced in 2021, 240 have closed, according to Dealogic data.

☆ Fire crews rush to douse blaze at BP's Ohio refinery
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSept 20 (Reuters) - Fire crews responded to fire and smoke at BP (BP.L) and Cenovus Energy's 150,800 barrel-per-day Toledo, Ohio, oil refinery on Tuesday, according to a source familiar with the matter. Register now for FREE unlimited access to Reuters.com Register"No details were provided on burn injuries reported to two people at the site," local media said. Workers finished a maintenance turnaround at the facility in recent weeks and the plant had resumed operating, according to the source. In August, Cenovus (CVE.TO) said it will buy the remaining 50% stake it does not already own in the BP-Husky Toledo Refinery. In 2008, Husky Energy Inc formed a joint venture with BP by acquiring a 50% stake in the Toledo refinery.

☆ SPACs are running out of time to close dozens of deals with startups that hoped to go public. Here's why they're being delayed and may not get done.
▼ + stars: | 2022-08-22 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com time to read: +5 min

SPAC mergers announced last year have yet to close and are up against the clock. In 2021 alone, they raised nearly $163 billion, and 275 merger deals were announced, according to data from Dealogic. Several SPAC mergers are now in limbo, among them embattled mortgage startup Better.com, fintech company Aspiration, and crypto startup Bullish, which all announced their SPAC mergers more than a year ago. Those price tags are no longer reliable as they've become outdated, adding an extra challenge to securing financing to close deals during a downturn, experts said. Deadlines to close SPAC mergers can vary depending on the lifespan of the blank-check company in question, but typically range from a year to two years.

But the company was recently found liable for using songs in TikTok videos without a license. But over the last year, the company has been embroiled in a lawsuit around its use of music in TikTok videos. The early days of companies blindly jumping into TikTok music trends are over. The takeaway, Elton said, is that this lawsuit should never have happened: "Bang Energy should have known better." "With a few simple inquiries, they could have easily found out that the TikTok music licensing model would not cover their intended use of the music."

The solution: The best investors do both — maintain a long view while also focusing on the shorter term. For the sake of this exercise, let's consider one end of the barbell to be the "long-term view," and on the other the "short-term focus." Long-term view stocks First the long-term view: These stocks will be the more passively managed names and identifying them is what will free us up to focus on those that require more active management. As a result, the long-term view beats the near-term dynamics. With the earnings serving to confirm our long-term view, we took a shot at around the $2,600 level — $2,628.56 to be exact.

☆ Energy deal between EU and US appears 'really significant,' says Vectis Energy's Essner
▼ + stars: | 2022-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy deal between EU and US appears 'really significant,' says Vectis Energy's EssnerTamar Essner, Vectis Energy Partners principal, joins 'Squawk on the Street' to discuss the U.S. decision to provide LNG to Europe, which companies will actually provide the LNG and where energy prices go from here and why.

Top-down analysis As the name implies, top-down analysis starts by analyzing the big picture and working your way down. The industrials offers another great example of how a top-down analysis may work. Bottom-up analysis Bottom-up analysis works in the opposite direction. By combining the top-down view with the bottom-up view, the hope is to identify "great houses, in great neighborhoods." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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