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Soaring production from shale, wind and solar helped create the biggest glut since at least 1949. Yet demand may soon catch up. Energy scarcely got a look-in during last week’s US presidential debate, but its brief mention is still worth a closer look. In response to a question about the events of Jan. 6, 2021, …
U.S. is Enjoying a Growing Energy Surplus – For Now Read More »
Fired co-founder Charif Souki plans to raise $100 million Tellurian is exploring options, sale with other investors Charif Souki said he plans to raise $100 million from investors to buy a stake in Tellurian Inc., the US natural gas development firm he co-founded and which fired him in December. “Various members of my family are already significant …
LNG Pioneer Ousted From Tellurian Attempts to Buy Back Stake Read More »
A federal judge on Monday blocked the U.S. government’s ban on approving applications to export liquefied natural gas (LNG), in response to a lawsuit by Republican-led states. U.S. District Judge James Cain Jr, in Louisiana, a Trump appointee, ruled that the LNG export ban “be stayed in its entirety, effective immediately.” A coalition of 16 …
Federal Judge Halts U.S. Government’s Ban on LNG Permits Read More »
Lawyer Duo Make Billions From Audacious Natural Gas Bet The founders of Venture Global stand at the forefront of a US natural gas export boom that’s now in question. The US Gulf Coast is probably the only place in the world where two men with virtually no experience running an energy business could upend a …
Banker-Lawyer Duo Make Billions From Audacious Natural Gas Bet Read More »
Federal regulators on Thursday approved a Louisiana liquefied natural gas project that has been a lightning rod for environmental activists and a litmus test for the Biden administration’s energy policies. The Federal Energy Regulatory Commission voted 2-1 to allow construction and operation of the Calcasieu Pass 2 LNG plant and a related, 85-mile-long (137 km) …
U.S. Regulators Approve Louisiana LNG Plant Over Climate Objections Read More »
The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their oil and gas reserves. The total value of deals in January and February hit the highest level since the first …
U.S. Energy Sector Deals Accelerate in Quest for Reserves Read More »
Saudi firm could buy 25% of Sempra’s Port Arthur LNG Phase 2 Aramco agrees to 5-year supply deal for 5 million tons/year Saudi Aramco expanded its drive to tap into US energy supply with an initial agreement to buy a stake in Sempra’s Texas liquefied natural gas export plant in a deal that would include fuel shipments …
Aramco May Buy Stake in Sempra US Gas Plant, Get LNG Supply Read More »
Ex-BP executive Lawler hired to lead Texas Gas subsidiary Fund boosts stake in Louisiana LNG project to more than 90% Energy-focused private equity firm Kimmeridge is taking a majority ownership stake in the proposed Commonwealth LNG project and naming a former BP Plc executive to lead the venture, marking a major bet on the future of the …
Energy Investor Kimmeridge Takes Control of Commonwealth LNG Read More »
The global liquefied natural gas (LNG) market has a new found, but fragile equilibrium, following two years of volatility, due to lack of spare supply in the near-term, the International Gas Union (IGU) said in a report on Wednesday. Global LNG trade reached a record level of 401.42 million metric tons in 2023, growing by …
Global LNG Market Remains in Fragile Equilibrium on Limited Supply, IGU Says Read More »
World’s First Indigenous Majority-Owned, Hydro-Powered, Floating LNG Facility Becomes a Reality KITAMAAT VILLAGE, British Columbia–(BUSINESS WIRE)–The Haisla Nation and Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA), partners in Cedar LNG Partners LP (“Cedar LNG”), today announced a positive Final Investment Decision (“FID”) on the Cedar LNG Project, a floating liquefied natural gas (“LNG”) (“FLNG”) facility with a …
Major Canadian LNG News: Cedar LNG Announces Positive Final Investment Decision Read More »
