On January 13, 2024, 3:16 pm

Your Weekly Energy News Roundup

Your Weekly Energy News Roundup Stay up to date with the latest energy news! US ENERGY UPDATE | January 13, 2024 View this email in your browser Natural Gas Prices Jump More Than 400% Ahead of Texas Cold Blast Natural gas prices shot up more than 400% as a deep freeze is set to hit Texas, potentially sending demand for the heating fuel soaring. Spot prices for the key US Henry Hub in Louisiana for the long holiday weekend period rose as high as $17 per million British thermal units Friday, trading in a range of $15-$17, according to market participants with knowledge of the matter who asked not to be named because the information is private. That compares with more than $3 for the most actively traded futures, which are for delivery next month. Read More Blockbuster Natural-Gas Merger Is Almost Too Perfect Chesapeake Energy’s merger with Southwestern Energy SWN would create the largest natural-gas-focused producer in the U.S. It also creates an investment story that is so compelling that it comes with risks of its own. Read More Exxon Leaves Oil Lobbying Group Over Climate Differences Exxon Mobil has ended its membership with the Independent Petroleum Association of America, a trade group known for aggressively opposing government attempts to rein in the oil industry, in part due to a disagreement over climate policy. The oil giant announced its split with IPAA in a 2022 climate lobbying review, which hasn’t been previously reported. The company Monday quietly posted online the shareholder-requested analysis. Read More Qcells’ Georgia Plant Offers New Hope for American-Made Solar When the solar panel giant Qcells opened its first Georgia factory in Dalton in 2019, it represented a significant leap forward for domestic clean energy production. In an industry long-dominated by China, Qcells’ Dalton plant — the largest facility of its kind in the Western Hemisphere — represented the biggest single effort yet to establish solar manufacturing roots in the U.S. Read More Subscribe to the US Energy Update The US Energy Update was created to keep the public informed about the wide range of energy news which comes from the diverse and fast-paced energy industry. Our mission is to provide a compendium of interesting and insightful news relevant to energy industry professionals and observers. Subscribe Today Copyright © 2024 US Energy Update, All rights reserved. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

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US ENERGY UPDATE | January 13, 2024 View this email in your browser

Natural Gas Prices Jump More Than 400%
Ahead of Texas Cold Blast

Natural gas prices shot up more than 400% as a deep freeze is set to hit Texas, potentially sending demand for the heating fuel soaring.

Spot prices for the key US Henry Hub in Louisiana for the long holiday weekend period rose as high as $17 per million British thermal units Friday, trading in a range of $15-$17, according to market participants with knowledge of the matter who asked not to be named because the information is private. That compares with more than $3 for the most actively traded futures, which are for delivery next month.

Blockbuster Natural-Gas Merger Is Almost Too Perfect

Chesapeake Energy’s merger with Southwestern Energy SWN would create the largest natural-gas-focused producer in the U.S. It also creates an investment story that is so compelling that it comes with risks of its own.

Exxon Leaves Oil Lobbying Group Over Climate Differences

Exxon Mobil has ended its membership with the Independent Petroleum Association of America, a trade group known for aggressively opposing government attempts to rein in the oil industry, in part due to a disagreement over climate policy.

The oil giant announced its split with IPAA in a 2022 climate lobbying review, which hasn’t been previously reported. The company Monday quietly posted online the shareholder-requested analysis.

Qcells’ Georgia Plant Offers New Hope for American-Made Solar

When the solar panel giant Qcells opened its first Georgia factory in Dalton in 2019, it represented a significant leap forward for domestic clean energy production.

In an industry long-dominated by China, Qcells’ Dalton plant — the largest facility of its kind in the Western Hemisphere — represented the biggest single effort yet to establish solar manufacturing roots in the U.S.

Subscribe to the US Energy Update

The US Energy Update was created to keep the public informed about the wide range of energy news which comes from the diverse and fast-paced energy industry. Our mission is to provide a compendium of interesting and insightful news relevant to energy industry professionals and observers.

Subscribe Today