Anger over rising energy costs will eventually force states to allow more natural gas infrastructure to be built in the US, according to one of the nation’s largest producers of the fuel https://t.co/pUqzR3aInR ...

Core Viewpoint - Germany's economy ministry is considering the possibility of merging all or parts of the former Gazprom unit SEFE with the financially supported company Uniper [1] Group 1 - The German economy ministry oversees the ownership of SEFE, which was previously a unit of Gazprom [1] - There are discussions among officials regarding the potential combination of SEFE with Uniper, which has received a bailout [1]

Core Insights - Natural gas cash prices in West Texas have fallen to their lowest level in nearly 14 months, driven by expectations of pipeline maintenance that will limit fuel movement [1] - The Waha hub in the Permian region experienced negative prices, recovering slightly from a multi-month low, with prices dropping to around negative $3.03 per million British thermal units, the lowest since November 2024 [2] - Increased production in the Permian region, coupled with insufficient pipeline capacity, has left gas drillers vulnerable to market fluctuations [3] Industry Dynamics - US liquefied natural gas exports have reached record highs, but pipeline outages create bottlenecks that can lead to oversupply in the region [4] - The decline in prices in West Texas is attributed to lower seasonal demand and strong production, resulting in producers effectively paying buyers to take gas off their hands [5]

Abu Dhabi National Oil Co. has dropped its planned $19 billion takeover of Australian natural gas producer Santos. Read today's Australia Briefing by @Ben_Westcott for your daily dose of the best of Bloomberg from Down Under and around the world. https://t.co/99v8XKjax8 ...

Core Viewpoint - New Fortress Energy's shares surged by 8% following the announcement of a $4 billion liquefied natural gas supply agreement with Puerto Rico, despite previous setbacks with a larger proposal being rejected [1][2]. Group 1: Agreement Details - New Fortress Energy has secured a $4 billion agreement to supply liquefied natural gas to Puerto Rico over the next seven years, with an option for a three-year extension [2]. - This new agreement comes after a previous 15-year, $20 billion deal was denied by Puerto Rico's Financial Oversight and Management Board in July [2]. Group 2: Financial Challenges - The company is facing increasing financial pressures and struggles to turn a profit while managing mounting debt [4]. - New Fortress has been forced to sell billions in revenue-producing assets to address balance sheet issues, which may impact long-term cash flow [4]. Group 3: Market Sentiment - Despite the recent stock rally, there are concerns about the company's ongoing issues, leading to skepticism about its investment potential [5]. - Analysts from The Motley Fool Stock Advisor have identified other stocks as better investment opportunities, indicating a lack of confidence in New Fortress Energy [6][7].

October Nymex natural gas (NGV25) on Wednesday closed down -0.003 (-0.10%). Oct nat-gas prices fell from a 1-week high on Wednesday and settled slightly lower on expectations for a larger-than-average build in weekly EIA nat-gas inventories.  The consensus is that Thursday's weekly nat-gas inventories will rise rose by +81 bcf for the week ended September 12, above the five-year average of +74 bcf. More News from Barchart Nat-gas prices initially rose to a 1-week high on Wednesday on forecasts for late ...

Core Viewpoint - Abu Dhabi National Oil Co. (Adnoc) has abandoned its $19 billion takeover bid for Australian natural gas producer Santos Ltd. due to disagreements over key terms, marking a significant retreat in its international expansion efforts [1][2][3]. Company Developments - The decision by Adnoc's XRG unit to withdraw from the Santos bid was influenced by a "combination of factors," primarily commercial disagreements regarding valuation and tax implications [2][3]. - XRG, launched to invest Abu Dhabi's capital in international markets, aimed to diversify the emirate's portfolio away from crude oil, but the failure to acquire Santos may hinder its M&A ambitions [3][12]. - Santos had previously received a proposal of $5.76 per share, which represented a 28% premium over its stock price at the time, but investor skepticism about the consortium's ability to finalize the deal was evident as shares remained below the offer price [4][5]. Market Reactions - Following the announcement of the failed bid, Santos' American depositary receipts fell by as much as 9.5% to $4.69, raising questions about the company's valuation and potential undisclosed issues [6]. Regulatory and Competitive Landscape - Adnoc's pursuit of Santos was not the first attempt, as Santos' CEO has previously rejected multiple offers from other companies, indicating a strong commitment to increasing output by 50% by the end of the decade [8][10]. - There has been opposition in Australia against foreign acquisitions, with labor unions urging the government to keep Santos under local ownership [10]. Future Outlook - Despite the setback with Santos, Adnoc and XRG remain committed to pursuing M&A opportunities, with plans to invest in gas-producing assets in the US and energy services for data centers [12][13].

Abu Dhabi National Oil says it will not proceed with a proposed $19 billion offer for Australian natural gas producer Santos https://t.co/sokOZlWEy7 ...

Core Points - Diversified Energy Company PLC announced a dividend of 29 cents per share for Q1 2025, payable on September 30, 2025, to shareholders registered by August 29, 2025 [2] - Shareholders opting for GBP sterling will receive 21.321 pence per share, based on the exchange rate of GBP 0.73520 to US $1.00 as of September 12, 2025 [3] - The company focuses on natural gas and liquids production, marketing, and well retirement, emphasizing a strategy of acquiring long-life assets and improving their performance [4] Company Overview - Diversified Energy Company is recognized for its sustainability leadership and aims to produce energy responsibly while generating reliable free cash flow and shareholder value [4] - The company employs a stewardship approach to ensure safe and environmentally secure asset retirement [4]

Group 1 - Natural gas is projected to be the only fossil fuel increasing its share in the energy mix of the US, China, and India by 2050, while oil and coal usage declines globally [1][2] - S&P Global forecasts that renewables will supply 20% of global energy by 2050, up from 4% currently, indicating a significant shift towards renewable sources [2] - The transition from coal to natural gas is driving energy changes in the US, Europe, and Southeast Asia, with India lagging behind, where fossil fuels currently account for 77% of primary energy use [3] Group 2 - India's energy mix is expected to see fossil fuels' share decrease to 66% by 2050, while renewables will rise to 16%, with natural gas serving as a transition fuel [3] - The Indian government is facilitating the energy transition by promoting LPG usage, reducing traditional biomass reliance from 38% to 19% through schemes like PAHAL [4] - India's National Green Hydrogen Mission aims for 5 million metric tons of green hydrogen production annually by 2030, supporting energy self-reliance and job creation [5]