Conventional Energy

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Kinder Morgan Maintains Annual Profit Forecast on Soaring Natgas Demand

By Vallari Srivastava Kinder Morgan narrowly misses first-quarter profit estimates Expects tariffs impact to be roughly 1% of the total project costs Remains bullish on natural gas demand April 16 (Reuters) – U.S. pipeline and terminal operator Kinder Morgan (KMI.N) left its annual profit forecast unchanged on Wednesday, as it continued to bank on demand …

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BP Begins Loading its First LNG Cargo From Venture Global’s Calcasieu Pass Plant

(Reuters) – BP Plc will begin loading its first shipment of liquefied natural gas from Venture Global’s Calcasieu Pass plant in Louisiana on Wednesday, according to LSEG data. The BP-chartered vessel British Mentor was about to dock at the Calcasieu Pass port. It is the first cargo BP is receiving from the export facility under …

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China Pivots From U.S. to Canada for More Oil as Trade War Worsens

Chinese refiners are importing record amounts of Canadian crude after slashing purchases of U.S. oil Chinese refiners are importing record amounts of Canadian crude after slashing purchases of United States oil by roughly 90 per cent amid escalating trade tensions. A pipeline expansion in Western Canada that opened less than a year ago has presented …

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Environmental Groups Lose Court Challenge to Alaska LNG Exports

(Reuters) – A federal appeals court on Tuesday rejected a challenge by environmental groups to a decision by Democratic former President Joe Biden’s administration approving exports from a planned $39 billion liquefied natural gas project in Alaska. A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit held the U.S. …

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Exxon Consortium to Begin Installation of Floating Oil Facility in Guyana

GEORGETOWN, April 15 (Reuters) – A consortium led by U.S. Exxon Mobil (XOM.N) is about to begin the installation of its fourth floating oil production facility in Guyana, the South American country’s maritime regulator said in a notice on Tuesday. The floating production storage and offloading (FPSO) facility ‘One Guyana,’ built by SBM Offshore (SBMO.AS) …

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Venture Global LNG Starts Commercial Operations at Calcasieu Pass Plant

Venture Global LNG has begun commercial operations at its Calcasieu Pass plant in Louisiana, more than three years after it first produced liquefied natural gas, the company said on Tuesday. The move to commercial operations means the Arlington-headquartered company has brought an end to the extended commission of the plant which resulted in its customers …

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South Korea Vice Minister to Travel to Alaska for Gas Project Talks, Yonhap Says

South Korea’s vice industry minister Choe Nam-ho is planning to travel soon to Alaska as part of working-level negotiations between the United States and South Korea over Alaska’s liquefied natural gas (LNG) project, Yonhap news agency reported on Tuesday. Still, no decision has been made on whether South Korea will join the project and whether …

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China Plans to Import More Russian LNG in 2025, Ambassador Says

China is set to increase its imports of Russian liquefied natural gas (LNG) this year, its ambassador to Russia said on Tuesday.“I know for sure that there are a lot of buyers. So many buyers are asking the embassy to help establish contacts with Russian suppliers, I think there will definitely be more (imports),” the …

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