There's 750 billion in US LNG that you and the White House want to sell to Europe in just three years. The numbers sound amazing on paper. Is that number is the reachable.In other words, is the infrastructure able to be built to accommodate those types of sales. Well, Ryan, fantastic to be with you uh here at Gastec uh 2025 in Milan. Uh the demand is certainly there between AI and the European countries that are all trying to get off Russian gas.The whole point of being here this week is for us to following ...

Meanwhile, oil and gas ETF ticker XOP breaking a 4-day win streak, coming off its worst daily performance, in fact, since the beginning of August. Our next guest though, just reaffirmed his company's guidance in the industry at the Barclay's Energy Power Conference. Baker Hugh CEO Lorenzo Simonelli joins us now at Post 9.What a treat. It's good to have you. >> Good to be here, Sarah.Nice to see you, Kyle. >> So, what so what are you seeing broadly in the business and how tied is it to the price of oil and g ...

Should we assume now through the eyes of this administration. And we've heard the president talk about wind quite a lot, that it is not a viable resource for the grid. Is the domestic wind industry dead.I think if you in the one big, beautiful bill President Trump advocated, we removed the subsidies for wind. Look, offshore wind is twice as expensive as onshore wind. And we wouldn't have a big onshore wind industry without a lot of subsidies.So, yeah, I would say the economic outlook for offshore wind in th ...

Really interesting Energy Daily yesterday. That's the newsletter that you and the team writes and you talk a lot about this news potentially of that new pipeline being set between Russia all the way to China, potentially opening up new customers to Russia and moving away from some of the dependency on Europe. So really a potential game changer for Russia.I mean, it could redraw the map of energy trade. This is all part of Russia's pivot east. It's been key for them to find new customers because the European ...

Financial Performance & Strategic Acquisitions - Kico Phillips achieved strong financial results, reaching the top end of production guidance with lower capital expenditure [2] - The company completed the acquisition of Marathon Oil, resulting in 25% more resources and $1 billion in one-time synergies, along with $1 billion of run-rate synergies [2][3] - Kico Phillips has exceeded its promise to the market by delivering over $2 billion in asset dispositions following the Marathon integration and is not yet finished [3][4] - The company anticipates $7 billion of free cash flow growth over the next four years, effectively doubling its current free cash flow [10] Production Strategy & Cost Management - Kico Phillips is experiencing some deflationary forces offset by tariff impacts, but overall, cost of goods increases have not been significant [5] - The company is operating efficiently in the $60s range and remains constructive on long-term demand growth despite near-term market choppiness [5] - Kico Phillips is already delivering modest 2-3% production growth from a base of 24 million barrels a day [13] M&A & Organic Growth Focus - After a period of active inorganic growth, including mergers with Catch, acquisition of Shell assets, and the Marathon acquisition, Kico Phillips is now focused on organic investments [7][8] - The company possesses significant asset quality and tier-one acreage, providing decades of inventory and economic organic opportunities [8][9] LNG & Infrastructure Development - Kico Phillips is involved in a major project in Port Arthur, anticipating 10 to 15 BCF (billion cubic feet) a day of incremental liquefaction capacity in the US for export [15][16] - Infrastructure permitting reform is crucial to transport gas from production basins to the coast, supporting AI, electrification, and overall power needs [16][17] Market Dynamics & External Factors - Tariffs, sanctions on Iran and Russia, and OPEC+ decisions are creating choppiness in the market [18][19] - Gasoline demand has been softer this summer, potentially due to macro activity, but electrification is still a small factor in the overall oil supply-demand market [22][23][24] - Sustainable prices in the $70s are likely needed to incentivize a broader signal for US rig count to flatten or incline [12]

Financial Data and Key Metrics Changes - The company reported second quarter adjusted EBITDA of $1,013 million, representing a 7% decrease compared to the same period last year [15] - Earnings for the second quarter were $417 million, a 13% decrease from the prior year [16] - The updated full-year adjusted EBITDA guidance range is now $4,225 million to $4,425 million [17] Business Line Data and Key Metrics Changes - In the pipelines segment, lower firm tolls on the Cochin pipeline and lower revenue at the Edmonton terminals impacted results, while higher volumes on the Peace Pipeline system contributed positively [15] - The facilities segment saw lower volumes due to planned outages and ongoing third-party egress restrictions, but a higher contribution from PGI was noted [15] - Marketing and New Ventures experienced lower net revenue due to decreased NGL margins and lower volumes from planned outages [15] Market Data and Key Metrics Changes - The market for LNG supply on the West Coast of North America remains strong, with ongoing efforts to market 1.5 million tonnes per annum of Cedar LNG project capacity [5] - The company anticipates low to mid single-digit annual volume growth through the end of the decade across all WCSB products [6] Company Strategy and Development Direction - Pembina is focused on delivering capital projects that provide strong returns, with significant progress on the Cedar LNG project and RFS-four project [4][5] - The company aims to maintain and grow its position in the WCSB by enhancing its propane export capabilities and expanding pipeline infrastructure [7][10] - Pembina is committed to providing integrated solutions to support emerging markets, such as data centers and petrochemical facilities [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fundamentals of the business, driven by customer demand and visible catalysts in the Montney basin [25] - The company is optimistic about capturing growth in the WCSB and believes it has a solid track record in the NGL midstream space [30] - Management highlighted the importance of maintaining a balance between growth capital and potential stock buybacks, with a focus on advancing key projects [80] Other Important Information - The company has approved a capital investment program of $1.3 billion, reflecting progress on core business initiatives and acquisitions [19] - Pembina is advancing over $1 billion in conventional NGL and condensate pipeline expansions to meet rising transportation demand [9] Q&A Session Summary Question: Concerns about Pembina's position in the Canadian NGL value chain - Management acknowledged the challenges but emphasized the solid fundamentals and customer demand driving the business [25][30] Question: Thoughts on capital allocation and potential buybacks - Management indicated that the majority of capital is committed to advancing projects, with ongoing discussions about the balance between growth capital and buybacks [40][80] Question: Long-term EBITDA growth rate expectations - Management reiterated the guidance for low to mid single-digit volume growth and indicated that they will refresh guidance as they approach 2026 [45][48] Question: Update on ethane and competitive landscape - Management noted that while there are significant ethane resources, current economics do not support scalable exports [62] Question: Progress on Cedar LNG remarketing - Management reported positive progress in remarketing capacity and is optimistic about finalizing agreements in 2025 [74][75]

Order & Shipping - Hanwha Shipping ordered an LNG vessel from Hanwha Philly Shipyard [1] - This marks the first US LNG ordered ship since the late 1970s [1]

Canada LNG is the first sign of a tidal wave of new production that could transform the global gas market, writes @sstapczynski https://t.co/zkm6JclOg0 ...