Washington granted Trinidad and Tobago the right to develop Venezuela’s Dragon gas field in the first sign of a potential bilateral trade deal that could see Venezuela commercialize its strained offshore gas via idled LNG, methanol and ammonia plants in its neighbor’s backyard.
Dan Pickering, Chief Investment Officer of Pickering Energy Partners (PEP), discusses U.S. production and M&A after a “funky and weird” 2022 and sees the U.S. shale boom settling into a “shale business.”
PKN Orlen plans for the LNG supplied by Sempra Infrastructure’s Phase 1 Port Arthur LNG project to strengthen energy security in Europe.
Trinidad and Tobago’s Prime Minister Keith Rowley told attendees at the Trinidad and Tobago Energy Conference 2023 that the country’s petrochemical sector was undergoing major changes and needed to embrace a “greening” of the sector.
A surge in U.S. oil exports has pushed more and more barrels of crude from the Permian basin of West Texas and New Mexico to the port of Corpus Christi, the top U.S. oil export hub.
In 2022, Europe raced to fill gas storage with LNG imports; now its focus must turn to next year’s winter, top executives at Commonwealth LNG and Chesapeake Energy said Feb. 1 during a panel discussion at the NAPE summit in Houston.
Policymakers should underpin future demand reduction targets by encouraging a structural shift away from gas, says Bruegel.
Amid differences with Baghdad, TotalEnergies has asked its foreign employees in Iraq to leave the country and local staff to work from home.
British and Dutch wholesale gas prices were mixed on Feb. 2 on cold weather forecasts, reduction in gas storage and Norway outage, although strong flows of LNG were lending some support.
The British company's record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week and are certain to intensify pressure on governments to further raise taxes on the sector.
Nearly half of overall expenditure would be for refineries expansion and upgrades.
Alliance Resources said Jan. 30 it will purchase Permian oil and gas interests for $72.3 million on the heels of closing a separate $81 million deal.
Cargoes of U.S. light sweet crude bound for China rose last month to about 187,000 bbl/d, the highest since August, said Matt Smith, lead oil analyst for the Americas at data and analytics firm Kpler.
The fallout from Russia’s invasion of Ukraine includes a global movement away from imported fossil fuels toward domestically produced renewables, BP said in its annual Energy Outlook.