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Cheniere Signs Long-Term Integrated Production Marketing Agreement with Canadian Natural Resources Limited

Conventional Energy, Latest, Natural Gas, Press Releases, US News / By

HOUSTON–(BUSINESS WIRE)–Cheniere Energy, Inc. (“Cheniere”) (NYSE: LNG) announced today that its subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a long-term Integrated Production Marketing (“IPM”) gas supply agreement with Canadian Natural Resources Limited. Under the IPM agreement, a subsidiary of Canadian Natural Resources Limited has agreed to sell 140,000 MMBtu per day of natural gas …

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Australia Lets Biggest LNG Plant Run to 2070

CDN and International News, Company Announcements, Latest, LNG / By

Australia’s Environment Minister has given preliminary approval to extend the life of the North West Shelf LNG plant to 2070, with conditions, potentially creating billions of dollars in new drilling opportunities. Summary by Bloomberg AI The decision has raised questions about the nation’s climate agenda, as the plant is one of Australia’s biggest polluters, and …

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What OPEC+ Oil Output Cuts Are in Place?

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – OPEC+ oil producers have three layers of output cuts in place after agreeing the first cutback in 2022. This year, eight OPEC+ members have started to raise production and unwind the third and most recent tranche of cuts. The 22-member OPEC+ will hold an online meeting on Wednesday, which is not expected to …

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Exxon Mobil to Sell French Subsidiary Esso to Canadian Energy Group

CDN and International News, Latest, Oil / By

May 28 (Reuters) – Energy major ExxonMobil  has entered into exclusive negotiations with the French unit of Canadian energy group North Atlantic to divest its majority-owned French subsidiary Esso , it said on Wednesday. The sale is expected to take place in the last quarter of this year, at a price of 149.19 euros ($168.82) per Esso …

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US Grants Chevron Narrow Authorization to Keep Assets in Venezuela, Sources Say

Conventional Energy, Latest, Oil, US News / By

The Trump administration has issued a narrow authorization for U.S. oil producer Chevron to keep assets in Venezuela, including its stakes in oil joint ventures with state company PDVSA, two sources with knowledge of the decision said on Tuesday. The guidelines, whose terms are similar to those in a U.S. license held by Chevron between …

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