US Energy Development Acquires 20,000 Acres in Permian
U.S. Energy Development Corp.’s deal to buy 20,000 net acres in the Permian is the largest acquisition in the company’s 45-year history.
Venture Global LNG Starts Commercial Operations at Calcasieu Pass Plant
Venture Global LNG has begun commercial operations at its Calcasieu Pass plant in Louisiana, more than three years after it first produced liquefied natural gas, the company said on Tuesday. The move to commercial operations means the Arlington-headquartered company has brought an end to the extended commission of the plant which resulted in its customers …
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Oilfield Services Outlook Goes from Not Great to Not Good
Piper Sandler Analyst Derek Podhaizer studied how the market reacted to previous price shocks to determine the 2025 playbook for the oilfield services sector.
South Korea Vice Minister to Travel to Alaska for Gas Project Talks, Yonhap Says
South Korea’s vice industry minister Choe Nam-ho is planning to travel soon to Alaska as part of working-level negotiations between the United States and South Korea over Alaska’s liquefied natural gas (LNG) project, Yonhap news agency reported on Tuesday. Still, no decision has been made on whether South Korea will join the project and whether …
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China Plans to Import More Russian LNG in 2025, Ambassador Says
China is set to increase its imports of Russian liquefied natural gas (LNG) this year, its ambassador to Russia said on Tuesday.“I know for sure that there are a lot of buyers. So many buyers are asking the embassy to help establish contacts with Russian suppliers, I think there will definitely be more (imports),” the …
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HSBC Lowers Brent Price Forecasts on Trade Tensions, Sluggish Oil Demand
HSBC revised down its Brent crude price forecast on Tuesday, citing rising trade tensions and an expected reduction in global oil demand.The bank cut its Brent price forecast to $68.5 per barrel for 2025 and $65 per barrel for 2026. It also trimmed its global demand growth to 0.7 million barrel per day (mbd) for …
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Pakistan Mulls US Oil Imports to Ease Trade Imbalance
• Summary • Pakistan mulling U.S. crude purchases to address tariffs • Pakistan faces 29% tariffs under Trump policies • Crude purchase would reduce trade imbalance with U.S. (Reuters) – Pakistan is considering importing crude oil from the United States for the first time to offset a trade imbalance that triggered higher U.S. tariffs, according …
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Indonesia to Propose $10 Billion US Energy Imports Increase in Tariff Talks
(Reuters) – Indonesia will propose increasing its imports of crude oil and liquefied petroleum gas from the United States by around $10 billion as part of its tariff negotiations, energy minister Bahlil Lahadalia told local media on Tuesday. Indonesian officials are set to leave for Washington later on Tuesday for negotiations over proposed U.S. trade …
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World Oil Demand, U.S. supply to Grow More Slowly on Tariff Tensions, IEA Says
Summary • IEA cuts 2025 demand growth forecast by about 300,000 bpd • Sees further slowdown in demand growth next year • Joins OPEC in cutting oil demand view • Trims U.S. oil output forecast for 2025 (Reuters) – Global oil demand will grow much more slowly than expected this year and U.S. production increases …
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Oil Price Drop Turns up Heat on Emerging Market crude Exporters
Summary • Oil price drop seen hitting exporters disproportionately • Angola faced a margin call after bond market rout • Nigeria’s carry trade stops being attractive on oil fall • Gulf exporters likely to weather pressure better thanks to reserves, lower debt (Reuters) – A steep drop in crude oil prices largely due to U.S. …
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