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Alaska LNG Seeks Funding on Path to Final Investment Decision in 2025

Alaska Gasline Development Corp (AGDC) said on Monday it was working to secure funding for Front-End Engineering Design (FEED) for its proposed Alaska LNG project in 2024, which would lead to a final investment decision (FID) in 2025. FEED focuses on technical requirements and identifying main costs for a proposed project. Alaska LNG, which is …

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Global LNG Demand is Picking up Due to Low Prices – Shell CEO

March 18 (Reuters) – Global demand for liquefied natural gas (LNG) is picking up due to a recent fall in prices, Shell  CEO Wael Sawan said on Monday at a conference in Houston. The LNG market will be well supplied in the second half of the decade, he added. The CEO of rival TotalEnergies on …

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U.S. to Return Emergency Oil Reserve to Prior Levels by Year-End

U.S. oil stocks in the Strategic Petroleum Reserve (SPR) at year-end will be at or exceeding the level that would have existed prior to massive sales two years ago, U.S. Energy Secretary Jennifer Granholm said on Monday. Stocks will reach those levels in part on the cancellation of congressional-mandated sales of about 140 million barrels, …

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U.S. Oil Output From Top Shale Regions to Rise in April, EIA Says

U.S. oil output from top shale-producing regions will rise in April to the highest level in four months, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday. Production from the top basins will climb by more than 9,000 barrels per day (bpd) to 9.77 million bpd, the strongest output …

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