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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 »
(Reuters) – Much of the debate surrounding the implications of a possible second U.S. presidential term for Republican Donald Trump has focused on what may happen to the U.S. and global economies. Trump’s plan to impose tariffs of 10% on virtually all imports into the United States, and as much as 50% on those from top trading …
Commodity Flows at Risk Should Trump Spark Tit-For-Tat Trade War Read More »
Freeport LNG was on track to return to full production on Sunday, pulling over 2 billion cubic feet (bcf) of natural gas, LSEG data showed. Freeport is the United States’ second-largest LNG exporter and one of the most-watched U.S. LNG export plants in the world because it has a history of swaying global gas prices …
Bankruptcy judge approves settlement with contractor Zachry Other companies will finish Zachry’s work on Golden Pass plant A bankruptcy judge this past week approved a settlement between the joint venture building Exxon Mobil Corp.’s $10 billion gas export project in Texas and lead contractor Zachry Holdings Inc., allowing other companies to finish work on the plant. …
Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant Read More »
Freeport LNG, the US’s second-largest export facility, is targeting the restart of all production lines in early August, according to people with direct knowledge of the matter. The Texas plant reduced production before Hurricane Beryl made a landfall earlier this month and caused wide-spread power outages. Loadings from the liquefied natural gas terminal outside of Houston were …
Freeport LNG Hub to Restart Three Production Trains in Early August Read More »
