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US natgas prices soar 10% from 3-1/2-year low as Chesapeake cuts output

U.S. natural gas futures soared by about 10% on Wednesday after Chesapeake Energy - soon to be the biggest U.S. gas producer after its merger with Southwestern Energy - cut the amount of gas it plans.

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US natgas drillers cut spending, reduce activity amid price crash | Hellenic Shipping News Worldwide

US natgas drillers cut spending, reduce activity amid price crash | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

United kingdomLiz hamptonDavid gregorioScott disavinoJeremy knopJake robertsAnalytics groupPerella weinberg partner

US natgas drillers cut spending, reduce activity amid price crash

U.S. natural gas producers are slashing spending and reducing drilling activity following a sharp decline in prices, companies said this week during earnings presentations and analyst calls. .

United kingdomDavid gregorioScott disavinoJake robertsJeremy knopLiz hamptonAnalytics groupPerella weinberg partner

US natgas price plunge to 3-year low could force producers to cut output

U.S. natural gas prices plunged to a three-year low this week as production surged and mostly mild winter weather and recent liquefied natural gas export plant outages depressed demand, prompting.

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Interest jumps in US auction of shares in parent of Venezuela-owned Citgo

Dozens of companies have rushed in recent weeks to obtain data and join a U.S. court-ordered auction of shares in a parent of Houston-based oil refiner Citgo Petroleum, Venezuela's foreign crown jewel, according to people familiar with the matter, as a first-round bidding is set to close on Monday. The sale, expected to be one of the largest U.S. court auctions, was launched in October by a Delaware judge to settle a long-running legal battle against Venezuela for expropriations and mounting debt defaults since it nationalized foreign-owned energy and mining assets more than a decade ago. The judge found PDV Holding, one of Citgo's parent companies, liable for the South American nation's foreign debt, opening the door to some $20.8 billion in claims from 17 creditors.

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