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It’s dishonest to focus on affordability and ignore the risks — and costs — associated with emissions-driven climate change By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. A few days before …
COMMENTARY: Vance Attacks Harris on Energy by Cherry-Picking Facts Read More »
Shipping giant A.P. Moller-Maersk A/S is in the process of securing 50-60 vessels as part of its fleet renewal program, including ships that will be able to run on liquefied natural gas, a fuel the company has criticized in the past. The order is for a mix of owned and chartered dual-fuel vessels totaling 800,000 twenty-foot equivalent units — a …
Maersk Changes Its Tune on LNG With Big Ship Order Read More »
(Reuters) Major U.S. natural gas producers are preparing to further curtail production in the second half of 2024, after prices sank nearly 40% over the past two months. Henry Hub gas futures have dropped to around $2 per million British thermal units (mmBtu), while in West Texas, Waha prices have turned negative a record number …
US Natural Gas Producers Eye More Output Cuts as Prices Sink Read More »
A U.S. court has overturned the Federal Energy Regulatory Commission’s (FERC) authorization for NextDecade’s Rio Grande LNG project for not issuing a supplemental environmental impact statement, the company said on Tuesday. The facility has been in development for several years, suffering repeated delays, and phase 1 is now expected to reach completion by early 2029 …
U.S. Court Overturns FERC’s Authorization for NextDecade’s Rio Grande Project Read More »
Shipments of Russian liquified natural gas to France more than doubled the first half of this year, according to new analyses of trade data, at a time when Europe has tried to pull back from energy purchases that help finance the Kremlin’s invasion of Ukraine. Europe has restricted oil imports from Russia, but natural gas …
Venture Global LNG Inc., a US liquefied natural gas developer, is requesting a court order to prevent the release of confidential information to Shell Plc amid contract disputes between the two companies over a facility in Louisiana. The Arlington, Virginia-based company petitioned for a temporary restraining order and preliminary injunction against engineering firm Kiewit Louisiana Co., according to a Aug. 2 …
U.S. LNG Exporter Venture Seeks Court Order Against Kiewit Read More »
Project had been scheduled to begin in first half of 2025 Lead contractor Zachry declared bankruptcy earlier this year Bloomberg News Exxon Mobil Corp. and QatarEnergy delayed the start of a $10 billion natural gas export project in Texas to the end of next year after lead contractor Zachry Holdings Inc. declared bankruptcy. The companies agreed other …
Exxon Delays Golden Pass LNG to Late 2025 on Contractor Dispute Read More »
U.S. LNG exports plunged in July to the second-lowest level of this year, LSEG ship tracking data showed, as Freeport LNG shut for eight days after suffering damage from Hurricane Beryl. Texas-based Freeport LNG is the country’s second-largest LNG export facility, and its production woes in the last few years have played a crucial role …
U.S. LNG Exports Fall Again in July on Freeport LNG’s Slow Restart Read More »
Summary Profit down 19% quarter on quarter Weak refining margins and trading results weigh Plans a further $3.5 billion in buybacks (Reuters) – Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still beating analysts’ forecasts. The results were …
Shell Beats Forecasts With $6.3 Billion Second Quarter Profit Read More »
Searing temperatures are expected to break records across the U.S. this week, driving up demand for power and natural gas and prompting electrical grid operators to take steps to keep the lights on during peaking consumption. The lower 48 states are expected to average 83.5 degrees Fahrenheit (28.6 Celsius) on Thursday and 83.9 F on …
Record U.S. Heat Expected to Boost Demand for Power, Natural Gas Read More »
