U.S.

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.

Companies most 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. natural gas prices ease 1% on warmer weather forecasts, low LNG feedgas

U.S. natural gas futures eased about 1% on forecasts for the weather to remain warmer than normal through at least the middle of February and the slow return of U.S. LNG export plants to full service after last week's Arctic freeze.

Freeport LNG faces month-long unit outage due to winter storm

Freeport LNG expects one of the three gas liquefaction units at its Texas plant to be out of service for a month after it faced a technical issue during Winter Storm Heather.

LNG developer Tellurian hires investment banker Lazard

LNG developer Tellurian has hired investment banker Lazard Inc amid a search for investors and customers for its Driftwood LNG export terminal.

U.S. to announce climate review of LNG export approvals

The Biden administration is expected to announce that it will begin considering climate impacts in its approvals of new LNG exports, a process that will likely delay decisions on new terminals until after the Nov. 5 presidential election.

U.S. natural gas prices slide 3% on warm forecasts, slow return of LNG feedgas

U.S. natural gas futures slid about 3% on Thursday on forecast for the weather to remain warmer than normal through at least early February and the slow return of U.S. LNG export plants to full service after last week's Arctic freeze.

White House pauses decision on Louisiana LNG export terminal

The Biden administration is delaying a decision on a Louisiana LNG export project that would be the United States' largest, but which has raised the ire of environmentalists.

Kinder Morgan remains bullish on natural gas demand growth

Kinder Morgan said it continues to have a bullish outlook for natural gas demand banking on higher demand from LNG export facilities and increased exports to Mexico.

Oilfield firm Baker Hughes beats profit estimates on international demand, LNG bets

U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets.

U.S. natural gas prices slide 3% to 5-week low on warmer weather forecasts

U.S. natural gas futures slid about 3% to a five-week low on forecasts for demand to keep dropping and output to keep rising as the weather turns warmer than normal through at least early February.

Gas exporting group sees tight global LNG markets until 2026

The Gas Exporting Countries Forum sees tight global LNG markets until 2026 as demand rises 1.5% this year and up to 22% through 2050.

U.S. LNG feedgas cut by Arctic freeze, problems at Freeport LNG

The amount of natural gas flowing to U.S. LNG export plants dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the domestic market and Freeport LNG's facility in Texas experienced mechanical problems.