LONDON, Jan 24 (Reuters) – Chevron said on Friday it had started production at a $48 billion expansion of the giant Tengiz oilfield in Kazakhstan which will bring its output to around 1% of global crude supply. The expansion is expected to reach full capacity of 260,000 barrels per day by June, lifting overall production …
Chevron Starts $48 Billion Kazakh Oilfield Expansion Read More »
The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers. Blackstone Energy Transition Partners has agreed to buy the 774-megawatt natural gas-fired power plant in …
Blackstone to Buy $1 billion Virginia Power Plant Near Data Centers Read More »
Venture Global LNG has raised $1.75 billion after pricing its U.S. initial public offering, the second-largest exporter of liquefied natural gas in the United States said on Thursday. The company priced its offering of 70 million shares at $25 each, a day after cutting the price range to between $23 and $27 apiece and increasing …
Venture Global LNG raises $1.75 bln after pricing US IPO Read More »
WASHINGTON — Experts say U.S. President Donald Trump’s push for the OPEC+ alliance of oil exporting countries to bring down the cost of oil conflicts with the Republican leader’s own plans to make America energy-dominant. Trump made the comments in a wide-ranging address to the World Economic Forum in Davos, Switzerland on Thursday. He also …
Trump’s Call for OPEC to Bring Down Cost of Oil Conflicts With His Agenda Read More »
ARLINGTON, Va.–(BUSINESS WIRE)–Venture Global, Inc. (“Venture Global”) announced today the pricing of its initial public offering of 70,000,000 shares of its Class A common stock, par value $0.01 (“Class A common stock”) at a public offering price of $25.00 per share. In connection with the offering, Venture Global has granted the underwriters a 30-day option …
Venture Global, Inc. Announces Pricing of its Initial Public Offering Read More »
By Sheila Dang and Valerie Volcovici Oil companies cautious on Alaska as policy reversals possible US oil production already at record levels Industry seeks long-term certainty beyond executive orders HOUSTON/WASHINGTON, Jan 23 (Reuters) – U.S. oil and gas companies are unlikely to expand development in Alaska and the Arctic following President Donald Trump’s executive order …
Oil Industry Unlikely to Rush to Alaska Despite Trump’s Call to Drill Read More »
By Timothy Gardner Europe trying to reduce dependency on gas from Russia Trump not worried about export effect on domestic gas price Trump says ‘clean coal’ could back up some power plants Jan 23 (Reuters) – President Donald Trump said on Thursday the United States would guarantee supplies of liquefied natural gas to Europe, even …
Trump Says US Will Guarantee LNG Supplies for Europe Read More »
Exxon Mobil says that new LNG supply not easily available now Europe is reluctant to commit to new long-term contracts US President Donald Trump’s plan to quickly sell more liquefied natural gas to the world could face difficulties due to limited supplies this year and reluctance in Europe to commit to long-term deals. “The problem is …
Trump Plan to Sell More LNG Fast Faces Obstacles, Exxon Says Read More »
Tamboran Resources Corp. and Santos Ltd. entered a memorandum of understanding for technical studies, which could lead to a 6 mtpa expansion of Darwin LNG.
A law signed during the Biden administration ties offshore wind lease sales to similar auctions for oil and gas rights on federal lands. It’s unclear whether President Trump’s Jan. 20 executive order to halt wind leasing could spill over into the E&P world.
