The Latest

Tellurian’s Dismissed Founder Souki Builds Woodside Stake After Deal

U.S. LNG export developer Charif Souki spoke to Hart Energy post-ousting from his second LNG company, Tellurian Inc. He’s buying shares in Tellurian’s buyer, Woodside Energy.

US Oil Firms Evacuate Staff, Cut Drilling Ahead of Storm Francine

Francine is moving toward U.S. Gulf of Mexico waters and predicted to become the fourth hurricane of the Atlantic season. 

Court Petitioned to Intervene in Calcasieu Pass 2 LNG Project

The D.C. Circuit is to consider the case for Venture Global's Calcasieu Pass 2 LNG facility in Louisiana.

US LNG Export Market Share Reaches 21%, Despite Biden Pause

Despite the Biden administration’s pause on LNG export facilities, the U.S. took the spot as global LNG exporter in 2023, overtaking Australia, Qatar and Russia, according to the International Gas Union.

What's Affecting Oil Prices This Week? (Sept. 9, 2024)

Within the context of lower oil prices and disappointing economic data, members of OPEC+ have decided to delay the unwinding of voluntary cuts, which were expected at the end of September. 

Hurricane Threatens LNG and Power Demand as Francine Forms in GoM

LNG export plants and offshore oil platforms in the Gulf of Mexico are already taking a hit as as Francine strengthens. 

Shell Pauses Some Oil Drilling Operations as Storm Francine Approaches Texas Coast

Shell paused some drilling operations at its Perdido and Whale offshore platforms in the Gulf of Mexico in anticipation of Francine's approach.

Souki’s Saga: How Tellurian Escaped Ruin with ‘The Pause,’ $1.2B Exit

President Biden’s LNG pause in January suddenly made Tellurian Inc.’s LNG export permit more valuable. The company’s July sale marked the end of an eight-year saga—particularly the last 16 months, starting with when its co-founder lost his stock, ranch and yacht in a foreclosure.

US Sanctions Two Tankers Linked to Russian LNG Traffic

The U.S. State Department’s sanctions follow earlier accusations against Russia creating a “ghost fleet” of tankers.

NuQuest Energy Expands into ERCOT, SERC Markets

Louisiana’s NuQuest Energy said it has also submitted 800 megawatts of utility-scale solar and wind projects to the MISO queue in April.