Herb Chambers IV

🔊 Chevron Secures 20-Year Deal for 2 Million Metric Tons of LNG Annually with Energy Transfer #Chevron #EnergyTransfer #LNG #LouisianaTerminal #EnergyDeal #LiquefiedNaturalGas #ChevronLNG #EnergyIndustry #USExports #GlobalEnergy #LNGAgreement #SustainableEnergy #BidenAdministration #EnergyPolicy #EnergyNews #LNG #LNGNews https://lnkd.in/eV4_zuiW

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Natural gas plays a crucial role in the energy transition, yet it is often misunderstood and misrepresented, hindering progress. The U.S. has paused new LNG export project approvals despite the significant CO2 emission reductions enabled by shale gas in the past decade. Similarly, energy producers in Australia are facing challenges in communicating the importance of natural gas. In a recent video, Jane Norman and Cooper Energy effectively highlight how natural gas aligns with the energy transition. They skillfully navigate the complexities of natural gas's impact on society, industry, trade, energy transition, and emissions in a clear and thoughtful manner. This approach stands out by avoiding oversimplification, ensuring a more nuanced understanding for all stakeholders. #gas #naturalgas #LNG #energytransition #emissions #co2 #trade #renewables #power

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GOAL ABANDONED BP Abandons Goal to Cut Oil Output, Resets Strategy https://hubs.la/Q02SmKzh0 BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. #bp #oiloutput #oilandgasindustry #energyindustry #oilandgas

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Industry giants unite!🛢️ MarkWest Energy Partners LP and Chesapeake Energy Corp join forces in a $245 million deal, signaling a significant step forward in the midstream sector's growth and innovation. 🌍 Discover the latest in midstream energy developments: https://lnkd.in/giDuw6fh #EnergyPartnerships #MidstreamExpansion #AnadarkoBasinGrowth #MarkWestEnergy #MidstreamInnovation #IndustryNews

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Industry giants unite!🛢️ MarkWest Energy Partners LP and Chesapeake Energy Corp join forces in a $245 million deal, signaling a significant step forward in the midstream sector's growth and innovation. 🌍 Discover the latest in midstream energy developments: https://lnkd.in/giDuw6fh #EnergyPartnerships #MidstreamExpansion #AnadarkoBasinGrowth #MarkWestEnergy #MidstreamInnovation #IndustryNews

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Industry giants unite!🛢️ MarkWest Energy Partners LP and Chesapeake Energy Corp join forces in a $245 million deal, signaling a significant step forward in the midstream sector's growth and innovation. 🌍 Discover the latest in midstream energy developments: https://lnkd.in/giDuw6fh #EnergyPartnerships #MidstreamExpansion #AnadarkoBasinGrowth #MarkWestEnergy #MidstreamInnovation #IndustryNews

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Constellation Energy Expands its Cosmos Back in September, the nation’s largest producer of clean, emissions-free energy shared some mighty big news. After purchasing the Pa., Three Mile Island Unit 1 in 1999, then retiring operations there in 2019 due to poor economics, Baltimore-based Constellation Energy landed a whale of a deal with Microsoft that would resuscitate the nuclear reactor to generate carbon-free electricity to power Microsoft’s Northeastern data centers. The 20-year purchase agreement reconfirmed Constellation’s position as a nuclear powerhouse on top of its 21 other reactors in the Midwest, Mid-Atlantic, and Northeast. It also prompted a name change of Unit TMI 1 to the Crane Clean Energy Center, which is expected to add more than 800 megawatts to the grid by 2028. Reese Energy Consulting today is following the latest from Constellation Energy, whose fleets of low-carbon energy for power generation also include natural gas, hydro, wind, solar, and batteries. The company will now acquire Houston-based Calpine Energy, the nation’s largest generator of electricity from natural gas and geothermal resources. The $26.6 billion cash-and-stock deal includes Calpine’s 79 power facilities and the world’s largest electricity-producing geothermal operation. The acquisition also expands Constellation’s footprint in Texas amid the state’s data center buildout frenzy. REC is currently engaged with AI data center developers across the country to provide end-to-end natural gas services that generate reliable power connections. Here’s a look at our services: - Pipeline interconnect design - Gas connection facilitation and construction management - Pipeline tap negotiations with physical gas supplier - Gas supply commercial negotiations - Gas scheduling, balancing, and supply pricing advisory Learn more about REC and our natural gas expertise at https://lnkd.in/ebXT2mS. For more info about our online natural gas training courses, visit https://lnkd.in/g_jDyx_Y. #nuclearpower #AI #naturalgas #datacenters #reeseenergyconsulting

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In this edition of our Weekly Spotlight newsletter, Asal Rahimi Zeynal covers Diamondback Energy's recent $238 million acquisition of TRP Energy, LLC's Midland Basin assets. Following its merger with Endeavor Energy Resources, LP, Diamondback has added 15,000 net acres in key areas of Upton and Reagan counties, strengthening its Midland Basin footprint and enhancing cash flow with high-potential locations. Read the full article to see how TGS Well Data Analytics provides valuable insights using the world’s largest and most accurate well data library. Quickly identify high-performing formations, estimate production potential in undeveloped locations and conduct comparative analysis to optimize capital allocation and target high-yield areas in the Midland Basin and beyond: https://hubs.ly/Q02XKB7R0 #TGS #WellDataAnalytics #WellData #EnergySector

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Given the current global landscape and the geopolitical risks that exist today, we believe Occidental Petroleum (Ticker: OXY) is a compelling investment opportunity. “Investors seem to be somewhat ignoring energy right now,” said Brian Krawez, CFA, president and lead portfolio manager at Scharf Investments during an appearance on Reuters TV on December 10, 2024. Brian shared that OXY is highly levered to U.S. oil production and has roughly 80% of its energy reserves in the U.S. This is a reasonably priced stock, and we believe OXY could benefit from the incoming Trump administration’s plans to reduce regulations around drilling. Thanks Reuters TV for a great conversation. https://lnkd.in/gcDrqEXN Discussions in the link above include forward-looking assumptions and opinions by Scharf Investments and there is no guarantee that the recommendations will be profitable. Investments include risk of loss. The securities identified and described do not represent all of the securities purchased, sold or recommended for client accounts. The viewer should not assume that an investment in the securities identified was or will be profitable. #activemanagement #valueinvesting #quality #geopoliticalrisk #energy #oxy

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Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research. Read more: https://lnkd.in/gVz63U-n

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Mark Nelson, Managing Director of Radiant Energy Group, appeared on CNBC's Squawk Box this morning to discuss the latest developments in big tech investments in nuclear energy. His appearance coincided with Amazon's announcement of a $500+ million investment to develop nuclear reactors in partnership with X-energy. During the interview, Nelson highlighted the emerging trend among tech giants: "What we'll start to see is a race between the biggest tech companies to make bigger and bigger, more immediate investments in nuclear power." Nelson emphasized the significant shift in the industry's approach to energy: "After a decade of pointing the public, the government, and non-profits in one direction...what we're seeing now is that the big tech companies are finally stepping up to a leadership position...to deploy the nuclear that will benefit all of society." These insights underscore the pivotal role nuclear energy is poised to play in powering the future of technology and data centers. Check out the full interview below: https://lnkd.in/gq_KqqVG

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Enterprise Products, a provider of midstream energy services to producers and consumers of natural gas, completed the acquisition of Piñon Midstream LLC, a gas company, from Black Bay Partners, a private equity firm, for $950m. “Congratulations to the Enterprise team on a smooth and successful transaction. We were pleased to have acquired an approximate 19% ownership interest in the parent company of Piñon in connection with our recent Ameredev acquisition that closed in September 2024. We look forward to working with Enterprise going forward as we develop our assets in southern Lea County, New Mexico. We plan to use the approximate $113m in sales proceeds to pay down our $980m in current outstanding borrowings under our $2.25bn credit facility,” Joseph Wm. Foran, Matador Founder, Chairman and CEO. Piñon Midstream (led by Steven Green) was advised by Piper Sandler and Kirkland & Ellis (led by Alec Manzer and Bill Benitez). Enterprise Products (led by Jim Teague) was advised by Locke Lord LLP (led by Joe Perillo, Rachel Fitzgerald and Terry Radney) and Sidley Austin LLP (led by Corey Roush). You can submit deals you were involved with here: https://lnkd.in/dpH2DbpP #MergersAcquisitionsDivestitures #NaturalGas #Midstream

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GOAL ABANDONED BP Abandons Goal to Cut Oil Output, Resets Strategy https://hubs.la/Q02Smvb00 BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. #bp #oiloutput #oilandgasindustry #energyindustry #oilandgas

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Our panel of energy experts analyzed this summer’s weather, natural gas fundamentals and the record-setting PJM Base Residual Auction results in our September Market Intel webinar. Watch the full webinar recording for key insights on the factors impacting your energy strategy as we approach winter.

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Vital Energy and NOG - Northern Oil & Gas, Inc. (NYSE: NOG) to acquire Vortus Investments-backed Point Energy Partners for $1.1 billion - Vital Energy, Inc. has signed a definitive agreement to acquire assets from Point Energy Partners for $1.1 billion, targeting increased operational scale in the Delaware Basin. - The transaction will be an all-cash deal where Vital Energy acquires 80% and Northern Oil and Gas, Inc. acquires 20% of Point’s assets.

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Energy Transfer LP announced that it has reached a positive final investment decision (FID) for the construction of an intrastate natural gas pipeline connecting Permian Basin production to premier markets and trading hubs. Read the full story here: https://lnkd.in/gHf73Hbw #BICMagazine #Pipeline #Permian

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Constellation Energy's acquisition of Calpine represents a transformative development in the U.S. energy sector, with significant implications for market dynamics and grid interconnection. The merger's success will depend on effectively integrating diverse energy assets, strategic infrastructure investments, and careful navigation of regulatory landscapes. #EnergyTransition #GridModernization #MarketTrends Via Utility Dive https://lnkd.in/ghzgJnCB

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"If you've only ever traded LNG, you haven't necessarily experienced the freedom of optimizing a position without necessarily knowing where that cargo is going to have to go." On the series finale of Markets in Transition, EQT Corporation's Head of LNG Trading, Brad Hitch, sits down with David Greely to discuss the rapid development of the Gulf of Mexico #LNG market, what it means for pricing dynamics, and how tools like physically deliverable futures contracts can empower traders to manage risk and unlock value.

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