U.S.
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.
Former Sempra Energy chief behind efforts to salvage Driftwood LNG project
U.S. LNG developer Tellurian chose a Lazard Inc. investment banker to right its struggling Driftwood LNG export project, the company's chairman told investors this week.
U.S. House of Representatives to vote on reversing Biden's LNG exports pause
The U.S. House of Representatives will vote next month on a measure to overturn the Biden administration's moratorium on approvals of new liquefied natural gas exports.
Phillips 66 shuts section of Oklahoma panhandle (U.S.) gas pipeline after fire
Phillips 66 said it has shut a section of a natural gas pipeline it operates in the Oklahoma Panhandle after a fire and rupture that occurred.
U.S. LNG export permit pause may affect Japan's fuel security
Japan's top power generator JERA expects the temporary suspension of U.S. LNG export permits may affect Japan's fuel security, and even the world's, if the issue persists.
Japan worried U.S. pause of LNG export approvals may delay new projects
Japan, the world's second-biggest buyer of LNG, is concerned that a temporary suspension of U.S. export permits may delay the launch of new LNG facilities in the United States.
U.S. pause on LNG exports raises pressure on Canada, BC to do same
U.S. President Joe Biden's decision to pause expansion of American LNG exports has raised pressure from environmental groups on the British Columbia and Canadian governments to do the same, although following suit may be politically difficult.
U.S. natural gas prices drop 8% on contract expiry, Freeport LNG unit outage
U.S. natural gas futures plunged about 8% in light trade ahead of the expiration of the February contract on forecasts that demand for the fuel for heating and export would remain low in coming weeks with mild weather and a unit outage at the Freeport LNG export plant in Texas.
QatarEnergy, Excelerate Energy sign 15-year supply LNG deal
QatarEnergy and U.S.-based Excelerate Energy signed a 15-year agreement to supply 1 MMtpa of LNG to be delivered to Bangladesh for 15 years from January 2026.
Reaction to the U.S. decision to pause LNG export reviews
The U.S. paused approvals of pending and future permits to export LNG to non-Free Trade Agreement countries, the biggest buyers of the U.S. fuel, to allow the Department of Energy to review LNG climate impacts.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
