Lyondell to Begin Closure of Houston Refinery This Weekend, Sources Say

Energy Topics & Technology, Latest, Refineries, US News / By

By Erwin Seba HOUSTON, Jan 22 (Reuters) – LyondellBasell Industries (LYB.N) will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations. Layoffs of up to 400 employees at the refinery are scheduled to begin two months after the shutdown begins, the sources said. A Lyondell …

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US Extends Comment Deadline on Biden-Era LNG Study to Protect Approvals

Conventional Energy, Latest, LNG, US News / By

WASHINGTON, Jan 22 (Reuters) – The U.S. has extended the comment period on a federal study of the economic and environmental impacts of the booming liquefied natural gas (LNG) export business after advisers had urged President Donald Trumpto take a patient approach to prevent approvals from getting overturned in court. The U.S. Department of Energy …

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Trump’s Tariff Whiplash Is Designed to Sow Chaos, Trudeau Says

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Order for April 1 border review came with Feb. 1 tariff threat Canada prime minister supports ‘dollar-for-dollar’ retaliation By Brian Platt, Thomas Seal, and Robert Tuttle US President Donald Trump is trying to create uncertainty in his trading partners to knock them off-balance and weaken their negotiating position, Canadian Prime Minister Justin Trudeau said. Trump …

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Oil’s Dark Fleet Puts Pressure on Trump to Act Quickly

Conventional Energy, Latest, Oil, US News / By

An unusually reticent president hasn’t had much to say about sanctions on Russia and Iran’s crude exports since returning to the White House. The detained Eagle S tanker, part of the fleet carrying Russian oil, off Finland this month.Photographer: Roni Rekomaa/Bloomberg By Weilun Soon Welcome to our guide to the energy and commodities powering the …

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Venture Global Slashes IPO Price Range by More Than 40%

Conventional Energy, Latest, LNG, US News / By

By Ruth Liao and Bailey Lipschultz Venture Global Inc. slashed the marketed range for its initial public offering, bringing the potential valuation well below its $110 billion target. The liquefied natural gas exporter is marketing 70 million shares in the offering for $23 to $27 each, a more than 40% drop from the $40 to …

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LNG Exporter Venture Global Cuts Target Valuation for US IPO to $65.3 bln

Conventional Energy, Latest, LNG, US News / By

(Reuters) – LNG exporter Venture Global on Wednesday slashed the valuation it was seeking from its U.S. initial public offering to as much as $65.33 billion, significantly lower than the more than $100 billion it had initially aimed. The company also lowered its offer price, effectively increasing the number of shares on sale against the …

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