Gas grab: Centalion, formerly known as Gunvor, is acquiring about $1.5 billion worth of natural gas assets from Silver Hill Energy Partners, including 72,000 acres in the Louisiana-Texas Haynesville Basin producing about 300 million cubic feet per day. The deal reflects expectations that gas demand will grow as data centers drive power needs and global disruptions increase demand for U.S. LNG. The acquisition strengthens Centalion’s Louisiana gas presence as it expands its Gulf Coast strategy. The Wall Street Journal has the full story.
Fares take flight: Volatile jet fuel prices and resilient travel demand are keeping airfares high, squeezing airline profits despite strong revenue growth. Airlines are passing higher fuel costs to customers through higher fares, surcharges and fees, while trimming routes and capacity to protect margins. With jet fuel expected to remain elevated, analysts anticipate airlines could further reduce capacity, keeping fares high into the end of the year. CNBC has the full story.
SCOTUS to weigh in: The Supreme Court is considering whether local governments can sue oil and gas companies for costs tied to climate-related disasters, with potentially billions of dollars at stake. Boulder, Colorado, officials argue companies including ExxonMobil and Suncor should help cover rising costs from floods and wildfires, while the industry says emissions regulation belongs to the federal government and Congress. The Associated Press has the full story.
