The Latest

CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’

Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said.

BP and NGC Sign E&P Deal for Offshore Venezuelan Cocuina Field

BP and NGC signed a 20-year agreement to develop Venezuela’s Cocuina offshore gas field, part of the Manakin-Cocuina cross border maritime field between Venezuela and Trinidad and Tobago.

NextDecade Appoints Former Exxon Mobil Executive Tarik Skeik as COO

Tarik Skeik will take up NextDecade's COO reins roughly two months after the company disclosed it had doubts about remaining a “going concern.”

Freeport LNG Parent Receives Junk-level Credit Score From Fitch

Credit-rating firm Fitch Ratings cited the 2 Bcf/d Texas plant’s frequent downtimes among the factors leading to lowering Freeport LNG Investments LLLP’s credit grade on July 25.

Woodside to Emerge as Global LNG Powerhouse After Tellurian Deal

 Woodside Energy's acquisition of Tellurian Inc., which struggled to push forward Driftwood LNG, could propel the company into a global liquefaction powerhouse and the sixth biggest public player in the world.

Texas LNG, EQT Sign a 2-mtpa LNG Tolling Agreement

EQT will supply natural gas to Texas LNG, a 4- million tonnes per annum LNG export terminal planned for the Port of Brownsville, Texas.

Alaska Approves Plan to Build $56.6MM Pipeline for LNG Imports

Natural gas utility Alaska Pipeline Co., an affiliate of Enstar Natural Gas, received approval from the state to build the 16-mile pipeline, which will be connected to a terminal at Port Mackenzie, near Anchorage.

Bipartisan Bill Aims to Speed Up Permitting Bureaucracy

If passed, the new rules would tackle litigation delays for energy projects across all sectors, an analyst says.

Freeport LNG’s Slow Restart Stokes Concern Over Supply Risk

The 15-mtpa Freeport LNG facility remains under the spotlight of the global market as it slowly resumes operations after pausing ahead of Hurricane Beryl’s arrival along the U.S. Gulf Coast.

Zachry Proposes Settlement Agreement to End Golden Pass LNG Standoff

Zachry, an engineering contractor for the Golden Pass LNG project, submitted a settlement agreement in bankruptcy court that would allow Exxon Mobil and QatarEnergy to move forward with the delayed project.