Monday, December 23

Tag: natural gas

Japanese consortium to invest $370 mn in Natural Gas Transition Platform | Company News
15Apr By adminNo Comments
Business

Japanese consortium to invest $370 mn in Natural Gas Transition Platform | Company News

Arrow are marked on pipes at a shale gas collection and transfer facility at the Fuling shale gas project site. Photographer: Qilai Shen/Bloomberg2 min read Last Updated : Apr 16 2024 | 12:10 AM IST A Japanese consortium will invest $370 million to acquire a minority stake in a platform that invests in companies developing city gas distribution networks in India, global infrastructure investor I Squared Capital said on Monday. The consortium of Osaka Gas, Sumitomo Corp and a Japanese government-private sponsored investment fund, will invest in Indian companies that develop and operate natural gas infrastructure, I Squared Capital said in a statement.   The platform, called the Natural Gas Transition Platform, has investments in last-mile city gas distribution bu...
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Former Warburg Pincus Executives’ New Firm Seeks $750 Million for Oil-and-Gas Bets
13Dec By adminNo Comments
World

Former Warburg Pincus Executives’ New Firm Seeks $750 Million for Oil-and-Gas Bets

Updated Dec. 13, 2023 2:34 pm ET|WSJ ProCovalence Investment Partners, a new firm founded by two former executives of Warburg Pincus, is seeking $750 million to invest in the oil patch, pitching its debut fund as an opportunity to buy mature fields at bargain prices.David Habachy and David Krieger, who launched Covalence early this year, both previously worked as managing directors at Warburg and led investments in oil and gas for the New York private-equity firm, according to a fund-marketing presentation viewed by WSJ Pro Private Equity. Warburg has sold several of its oil-and-gas holdings in the past year or so, as it retreats from the sector. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Europe’s Gas Prices Could Fall Further Next Year on Subdued Demand, Ample Inventories
7Dec By adminNo Comments
Money

Europe’s Gas Prices Could Fall Further Next Year on Subdued Demand, Ample Inventories

European natural-gas prices are expected to decline further next year amid lackluster demand and above-average inventories despite a cold start to the winter across the continent, according to some analysts.A wave of chilling temperatures has swept parts of Europe in recent days but did little to lift prices, with storage sites at comfortable levels after unusually mild weather over the fall delayed the start of the heating season and preserved stockpiles.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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EPA to Force Oil-and-Gas Industry to Plug Methane Leaks
2Dec By adminNo Comments
World

EPA to Force Oil-and-Gas Industry to Plug Methane Leaks

The Biden administration is slapping tough new regulations on the oil-and-gas industry, requiring operators to plug methane leaks and stop burning excess gas with flares. The regulations also mandate regular inspections of facilities to make sure the planet-warming compound isn’t escaping into the atmosphere.Administration officials say the methane rule, which will be phased in over the next two years after two years of contentious debate, will cool the planet and improve public health.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Natural-Gas Pipelines Are Old. Will Regulators Let Utilities Invest in Them?
25Nov By adminNo Comments
World

Natural-Gas Pipelines Are Old. Will Regulators Let Utilities Invest in Them?

Utilities across the country are trying to boost spending to maintain aging natural-gas pipelines. Regulators in some Democratic states seeking to limit gas use are saying not so fast.Companies including PG&E, Consolidated Edison and Public Service Enterprise Group have proposed investing billions of dollars to bolster their pipeline networks, which will remain in use for years even as more customers use electricity to cook and heat their homes. They say such spending is necessary in part to maintain safety and reliability as they work to shrink their gas systems over time. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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