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Middle East reignites Santos' M&A pipe dreams

BREAKINGVIEWS-Middle East reignites Santos' M&A pipe dreams The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Antony Currie MELBOURNE, July 4 (Reuters Breakingviews) - Santos STO.AX CEO Kevin Gallagher has been making it abundantly clear for a while that he's up for selling parts or all of the $17 billion Australian oil and gas driller.
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Chevron Richmond, California Refinery Reports Unit Start Up

BRIEF-Chevron Richmond, California Refinery Reports Unit Start Up July 3 (Reuters) - Chevron Corp CVX.N : REPORTS 3/4 INCH BLEEDER VALVE WAS NOT FULLY CLOSED DURING THE START UP OF 4H2S UNIT CAUSING RELEASE OF MATERIAL INTO ATMOSPHERE AT RICHMOND, CALIFORNIA REFINERY REPORTS RELEASE OCCURRED FOR APPROXIMATELY 8 MINUTES AND WAS THEN STOPPED REFINERY
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Venture Global seeks to introduce gas to generator at Plaquemines LNG plant in Louisiana

Venture Global seeks to introduce gas to generator at Plaquemines LNG plant in Louisiana July 3 (Reuters) - U.S. liquefied natural gas company Venture Global LNG sought permission on Wednesday from U.S. energy regulators to take another step towards start-up of its new Plaquemines export plant in Louisiana by fueling its generator. Plaquemines is under construction and is expected to be the next U.S.
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North Sea Crude-WTI Midland continues to slip on lower sale price

North Sea Crude-WTI Midland continues to slip on lower sale price LONDON, July 3 (Reuters) - WTI Midland crude differentials weakened further on Wednesday with a sale from Chevron to ExxonMobil while there were no indications on North Sea benchmark grades. PLATTS WINDOW * Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
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US law firms smell opportunity as Supreme Court guts agency powers

US law firms smell opportunity as Supreme Court guts agency powers By Mike Scarcella July 3 (Reuters) - Law firms are capitalizing on client uncertainty sparked by a flurry of new U.S. Supreme Court rulings that favored opponents of federal agency powers, even as lawyers themselves differ on the decisions' immediate and long-term effects. Within hours of the decisions , major U.S.
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U.S. Ardelyx, Eli Lilly, Tesla

U.S. RESEARCH ROUNDUP-Ardelyx, Eli Lilly, Tesla July 3 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Ardelyx, Eli Lilly and Tesla, on Wednesday. HIGHLIGHTS * Ardelyx Inc ARDX.O : Piper Sandler cuts to neutral from overweight * Eli Lilly LLY.N : Jefferies raises target price to $1,041 from $1,015 * Nicolet Bankshares Inc NIC.N : Stephens raises target price to $90 from $88 * Tesla Inc TSLA.O : Wedbush raises target
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Exxon-Hess arbitration panel nears formation, sources say

Exxon-Hess arbitration panel nears formation, sources say By Sabrina Valle HOUSTON, July 2 (Reuters) - The final member has been chosen for a three-person arbitration panel meant to settle Exxon Mobil's XOM.N claim against Chevron's CVX.N $53 billion purchase of Hess Corp HES.N , two people familiar with the matter told Reuters. The panel's formation would be a milestone in a long-delayed process that has cast uncertainty over the mega-merger, which both Chevron and Hess had hoped would close in
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Oil majors show interest in Galp's Namibia oil prospect, sources say

UPDATE 1-Oil majors show interest in Galp's Namibia oil prospect, sources say Adds Apache declined to comment By Ron Bousso, Sabrina Valle and Sergio Goncalves LONDON, July 2 (Reuters) - More than 12 oil companies, including Exxon, Shell and Brazil's national oil company, have expressed interest in buying a 40% stake in Galp Energia's GALP.LS major oil discovery offshore Namibia, sources close to the sale process said.
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Sustainable Switch: US Supreme Court curbs 'Chevron deference' 

Sustainable Switch: US Supreme Court curbs 'Chevron deference'  By Sharon Kimathi Energy and ESG Editor, Reuters Digital sharon.kimathi@thomsonreuters.com Hello! This week’s newsletter opens with the United States Supreme Court ruling that overturned a legal precedent that had given deference to government agencies in interpreting laws, whilst in Europe, business leaders say that a political tilt to the right on the continent and a potential Trump presidency in the United States will not dera
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Over a dozen oil firms show interest in Galp's Namibia oil prospect, sources say

Over a dozen oil firms show interest in Galp's Namibia oil prospect, sources say By Ron Bousso, Sabrina Valle and Sergio Goncalves LONDON, July 2 (Reuters) - Over 12 oil companies, including Exxon, Shell and Brazil's national oil company, have expressed interest in buying a 40% stake in Galp Energia's GALP.LS major oil discovery offshore Namibia, sources close to the sale process said.
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Venezuela's June oil exports almost unchanged at 760,000 bpd

Venezuela's June oil exports almost unchanged at 760,000 bpd By Marianna Parraga and Mircely Guanipa HOUSTON, July 1 (Reuters) - Venezuela's June oil exports were largely flat at around 760,000 barrels per day (bpd) as U.S. licenses supported half of month's shipments to destinations in the U.S. and Europe, according to shipping data and documents.
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US deregulatory triage ranges from cars to drugs

BREAKINGVIEWS-US deregulatory triage ranges from cars to drugs The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Gabriel Rubin WASHINGTON, July 1 (Reuters Breakingviews) - After forty years of leeway, the U.S. Supreme Court has made regulatory agencies’ powers newly vulnerable to being checked by lawsuits. Like any middle-aged adult moving back in with their parents, the reimposition of boundaries and oversight will be a shock to both sides.
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Wall Street's top regulator faces worsening battle in wake of Supreme Court ruling

ANALYSIS-Wall Street's top regulator faces worsening battle in wake of Supreme Court ruling By Chris Prentice and Pete Schroeder WASHINGTON, June 28 (Reuters) - The Supreme Court's move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday's landmark ruling.
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US Supreme Court curbs federal agency powers, overturning 1984 precedent

UPDATE 6-US Supreme Court curbs federal agency powers, overturning 1984 precedent Conservative justices power ruling, liberals dissent It is latest ruling restricting federal agency powers Business and conservative groups cheer the decision Adds White House comment By John Kruzel and Andrew Chung WASHINGTON, June 28 (Reuters) - The U.S. Supreme Court dealt a major blow to federal regulatory power on Friday by overturning a 1984 precedent that had given deference to government agencies in interpr
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Asia spot prices buoyed by hot summer weather forecasts

GLOBAL LNG-Asia spot prices buoyed by hot summer weather forecasts By Emily Chow SINGAPORE, June 28 (Reuters) - Asian spot liquefied natural gas (LNG) prices held steady this week as forecasts of higher temperatures during the summer months in the northern hemisphere kept demand elevated for electricity used for cooling purposes. The average LNG price for August delivery into north-east Asia LNG-AS was at $12.50 per million British thermal units (mmBtu), industry sources estimated, slightly down
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US Senate committee probes oil producers on price collusion with OPEC

UPDATE 3-US Senate committee probes oil producers on price collusion with OPEC Adds background on other oil probes in Congress, details about what Whitehouse is asking energy companies for in paragraphs 11-14 By Timothy Gardner WASHINGTON, June 27 (Reuters) - The U.S. Senate budget committee on Thursday launched a probe of domestic oil producers about any efforts to illegally coordinate oil prices with the Organization of the Petroleum Exporting Countries, in the latest effort by Democratic lawm
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Venture Global Louisiana Plaquemines LNG export plant takes in first natural gas

UPDATE 2-Venture Global Louisiana Plaquemines LNG export plant takes in first natural gas Adds background By Scott DiSavino June 27 (Reuters) - U.S. liquefied natural gas company Venture Global LNG's Plaquemines export plant under construction in Louisiana started to take in natural gas from pipelines on Wednesday, according to data from financial firm LSEG on Thursday.
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US energy sector deals accelerate in quest for reserves

FACTBOX-US energy sector deals accelerate in quest for reserves Adds Tallgrass and SM Energy deals June 27 (Reuters) - The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their oil and gas reserves .
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Black Sea CPC Blend oil daily loadings seen flat m/m in July

Black Sea CPC Blend oil daily loadings seen flat m/m in July MOSCOW, June 26 (Reuters) - Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) pipeline system are set at about 5.4 million metric tons in July from the 5.3 million planned for June, two sources familiar with the matter said. On a daily basis CPC Blend oil exports will stay almost steady from June's plan, Reuters calculations showed.
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U.S. crude imports touch two-year high despite lukewarm demand

U.S. crude imports touch two-year high despite lukewarm demand By Arathy Somasekhar HOUSTON, June 26 (Reuters) - U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for summer driving season. Imports of crude oil rose to 3.1 million barrels per day (bpd) in May, the highest since July 2022, data from ship tracking service Kpler showed.
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