United States

Legislation , Energy Transition , Liquefied Natural Gas (LNG) , CERAWeek , Health, Safety & Environment

CERAWeek: Energy Secretary Defends LNG Pause Amid Industry Outcry

U.S. Energy Secretary Jennifer Granholm said she expects the review of LNG exports to be in the “rearview mirror” by next year.

March 18, 2024

Policy & Regulations , Natural Gas

Belcher: Our Leaders Should Embrace, Not Vilify, Certified Natural Gas

Recognition gained through gas certification verified by third-party auditors has led natural gas producers and midstream companies to voluntarily comply and often exceed compliance with regulatory requirements, including the EPA methane rule.

March 18, 2024

Tankers , Liquefied Natural Gas (LNG)

Venture Global Acquires Nine LNG-powered Vessels

Venture Global plans to deliver the vessels, which are currently under construction in South Korea, starting later this year.

March 18, 2024

Energy Industry Conferences , Crude Oil , Policy & Regulations

CERAWeek: US Aims to Return Emergency Oil Reserve to Prior Levels by Year-end

The U.S. is replenishing the SPR, which currently holds about 362 MMbbl, down from 638 MMbbl three years ago before the sale of a record amount of crude. 

March 18, 2024

Crude Oil , International

What's Affecting Oil Prices This Week? (March 18, 2024)

On average, Stratas Advisors predicts that supply will be at a deficit of 840,000 bbl/d during 2024.

March 18, 2024

Acquisitions & Divestitures , CCS/CCUS

Talos Energy Sells CCS Business to TotalEnergies

TotalEnergies’ acquisition targets Talos Energy’s Bayou Bend project, and the French company plans to sell off the remainder of Talos’ carbon capture and sequestration portfolio in Texas and Louisiana.

March 18, 2024

Shale Plays , Mergers , Trends , CERAWeek

CEO Darren Woods: What’s Driving Permian M&A for Exxon, Other E&Ps

Since acquiring XTO for $36 billion in 2010, Exxon Mobil has gotten better at drilling unconventional shale plays. But it needed Pioneer’s high-quality acreage to keep running in the Permian Basin, CEO Darren Woods said at CERAWeek by S&P Global.

March 18, 2024

Business , Acquisitions & Divestitures

New Fortress Energy Sells Two Power Plants to Puerto Rico

New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.

March 18, 2024

CERAWeek , Energy Transition

CERAWeek: Saudi Aramco CEO Says No Peak in Oil Demand for Some Time to Come

Reducing greenhouse gas emissions from hydrocarbons through carbon capture and other technologies achieves better results than alternative energies, Saudi Aramco CEO Amin Nasser said.

March 18, 2024

Transactions , Shale Plays , CERAWeek

CERAWeek: Exxon Mobil CEO Says Not Trying to Acquire Hess

CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.'s Guyana assets in its dispute with Chevron, not buy the company itself.

March 18, 2024