U.S.
North Dakota natural gas output hits record high in December, flaring eases
Natural gas production in North Dakota in December rose to a record 3.525 Bcfd from the prior all-time high of 3.469 Bcfd in November, while gas flaring eased.
U.S. House passes bill to reverse Biden's LNG pause
A bill to strip the power of President Joe Biden's administration to freeze approvals of liquefied natural gas exports passed in the Republican-controlled U.S. House of Representatives on Thursday, but faces an uphill battle in the Senate.
FERC greenlights methane export pipeline for large-scale LNG supply to China via Mexico's Pacific Coast
In a split decision handed down today, the Federal Energy Regulatory Commission issued a Presidential Permit and granted authorization to allow Oklahoma-based Oneok Inc. to build the Saguaro natural gas export Pipeline.
Japan gas utility lobby says U.S. remains key LNG supplier
The head of Japan's gas utilities group said the United States, the world's biggest exporter of LNG, remains an important supply source for Japan despite the recent pause in U.S. LNG export permits.
U.S. president Biden's pause on LNG approvals will not hit Europe short-term supply
President Joe Biden's decision to pause approvals of new exports of LNG will have no affect on U.S. supplies to Europe over the next two or three years, a European Commission official said after meeting U.S. officials.
Shell expects 50% rise in global LNG demand by 2040
Global demand for LNG is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use more LNG to support their economic growth.
U.S. LNG export terminal permit pause could boost coal use abroad, says Williams CEO
The Biden administration's pause on approving permits for U.S. LNG export terminals could backfire by boosting coal usage overseas, Alan Armstrong, CEO of U.S. natural gas pipeline operator Williams Companies said.
Chesapeake Energy Corporation, Delfin LNG and Gunvor sign long-term LNG liquefaction offtake agreement indexed to Japan Korea Marker
Chesapeake Energy Corporation, Delfin LNG LLC and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd, today announced the entrance into a LNG export deal that includes executed Sales and Purchase Agreements for long-term liquefaction offtake.
Victaulic acquires Utility Coatings & Fabrication, Inc.
Victaulic, a manufacturer of mechanical pipe-joining, fire protection and flow control solutions, acquired Utility Coatings & Fabrication, Inc., located in West Jordan, Utah.
Former Trump, Bush officials urge Congress to reverse Biden's LNG pause
Dozens of former officials from the past two Republican U.S. administrations urged Congress to reverse the Biden administration's pause on approvals of LNG exports, saying the shipments promote global stability.
National Grid, Constellation Energy agree on LNG supply deal for Massachusetts (U.S.) facility
Britain's National Grid said it reached an agreement with gas-supplier Constellation Energy that would allow it to keep operating its Everett gas-import terminal for six years.
Diamondback in $26-B deal to buy Endeavor Energy in growing Permian push
Shale producer Diamondback Energy, said it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 B, including debt.
LNG export review should weigh impact on green hydrogen market
A review of U.S. LNG that the Energy Department will conduct during a pause on new permits should weigh the impact of gas exports on the development of the emerging green hydrogen market.
Top Biden Administration (U.S.) official at Senate hearing defends LNG pause
A top U.S. Department of Energy official defended President Joe Biden's pause on approvals of LNG exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision.
U.S. natgas prices fall 4% to fresh 3-year low on rising output, weak demand
U.S. natural gas futures fell about 4% on Friday to a fresh three-year low on near-record output, ample amounts of fuel in storage, forecasts for milder weather and less heating demand over the next two weeks than previously expected, and low amounts of gas flowing to LNG export plants due to an outage at Freeport LNG's facility in Texas.
Premium of U.S. oil over natural gas hits 11-year high on natural gas price plunge
The collapse of U.S. natural gas prices this week elevated the oil-to-gas ratio to its highest since May 2012, which should prompt energy firms to drill for more oil and less gas.
Shell target asset management efficiencies across new projects
Shell has contracted ABL's specialist master data build and optimization software - Effio, to support a number of its large-scale newbuild projects including LNG Canada, Crux and Jackdaw.
India's GAIL buying spot LNG to hedge against Red Sea delays
India's state-run GAIL Ltd is selling more U.S. LNG in European markets and making spot purchases to avert delays due to the Red Sea crisis.
Top Biden official (U.S.) to defend LNG pause in Senate hearing
A top U.S. Department of Energy official is set to defend President Joe Biden's pause on approvals of LNG exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision.
U.S. natural gas prices fall to 3-year low on rising output, ample storage
U.S. natural gas futures fell about 2% on Wednesday to a three-year low after breaking through the key $2 per MMBtu level of technical support with ample amounts of fuel in storage, rising output and less gas flowing to LNG export plants.
Tellurian fights to keep its Driftwood LNG project alive
The proposed sale of LNG developer Tellurian's natural gas production assets represents a move to stay afloat amid dwindling survival options.
API launches Standards Subscription Service
The American Petroleum Institute is pleased to announce the latest addition to the API Webstore - the new Standards Subscription Service which offers Webstore customers unlimited, 24/7 access to API’s comprehensive suite of safety standards and technical documents for use across their organization.
U.S. natural gas consumption established a new daily record in January 2024
On January 16, 2024, a record high of 141.5 Bcf of natural gas was consumed in the U.S. Lower 48 states, exceeding the previous record set on December 23, 2022, according to estimates from S&P Global Commodity Insights.
U.S. says allies 'reassured' LNG pause does not affect current exports
U.S. allies concerned about steady supplies of LNG are reassured when they understand President Joe Biden's pause on LNG export approvals does not affect currently permitted shipments.
Tellurian explores sale of upstream business to finance Driftwood LNG
Tellurian is exploring the sale of its Haynesville upstream business as it looks to raise capital for its Driftwood LNG project.
U.S. natural gas edges up from 9-month low, but still down 24% for week
U.S. natural gas futures edged up about 1% on Friday as forecasts for seasonally cold weather later this month helped prices bounce after they closed the prior session at a nine-month low.
European and Asian companies affected by U.S. pause on LNG export permits
U.S. President Joe Biden's administration announced a pause on pending and future permits to export LNG to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts.
U.S. LNG export pause leaves EU, industry at odds over energy security
Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. administration to pause approvals on new LNG plants, EU energy officials and analysts said, dismissing industry's warnings.
Mitsui records $93 MM more in provisions for sanctioned Arctic LNG 2 project
Japan's Mitsui & Co said it had recorded $93 MM as additional provisions on its investment in Russia's Arctic LNG 2 project sanctioned by the United States, but lifted its full-year profit forecast.
ERIKS North America honors founding legacy with rebrand to LGG Industrial
ERIKS North America, a provider of fluid handling, sealing, and material conveyance solutions, is rebranding to LGG Industrial.
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- Shell publishes Energy Transition Strategy 2024
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
