ExxonMobil warns of lower profits amid overhaul of energy trading and oil and LNG expansion projects
ExxonMobil Corp., the largest US oil company and leading LNG producer and a partner of Qatar, said changes in natural gas prices would impact its second-quarter Upstream earnings by $1.8 billion to $2.2 billion compared with the first quarter even as the company was also overhauling trading activities and embarking on oil projects in Guyana and LNG expansion.
ONEOK in $18.8Bln deal with Magellan to combine oil and gas hub assets in US Gulf Coast and Mid-Continent
US energy infrastructure company ONEOK Inc. has signed a definitive merger agreement with Magellan Midstream Partners in a cash-and-stock transaction valued at around $18.8 billion to combine the two Oklahoma-based energy groups.
Texas Governor tells UN to get lost after it criticized LNG-producing state for over reliance on oil and gas
Texas State Governor Greg Abbott has told the United Nations to get lost after it singled out the state for over-using oil and natural gas, even as Texas has the largest wind-power system in America as well as being a centre of increasing clean liquefied natural gas exports to Asia.
