Wednesday, December 31, 2025
Russia, Total, LNG

Total Buys 10 Percent Stake in Arctic LNG 2 Project from Novatek

From Reuters Total has agreed to buy a 10 percent stake in the Arctic LNG 2 project from Russia’s Novatek, as the French energy group looks to build up its presence in the area to service a fast-growing Asian market. The companies said on Tuesday Total would also have the opportunity to buy a 10-15 percent direct interest in all

U.S. weighs more sanctions on Venezuela to halt fuel deals: Bloomberg- oil and gas 360

Russia Comes to Maduro’s Rescue After U.S. Sanctions Hit

From Bloomberg Just as Venezuelan state-run oil company PDVSA was running out of an obscure product needed to thin out its crude and keep exports flowing in the wake of U.S. sanctions, Russia is coming to the rescue. Rosneft Oil Co. PJSC, the Moscow-based company controlled by Vladimir Putin’s government, is sending the first cargoes of heavy naphtha to Venezuela

U.S. Gas Heads to Eastern Europe: Bulgaria Makes First U.S. Buy with Two LNG Cargoes - Oil & Gas 360

Cheniere Deal With China Signals Country’s Key Role in LNG Exports

From The Wall Street Journal Cheniere Energy Inc.’s expected $18 billion deal to supply natural gas to China signals the company’s growing bet on the country, and China’s emergence as a top market for U.S. gas exporters. In a move that would be announced as part of a broader U.S.-China trade deal, China’s state-owned China Petroleum & Chemical Corp., known as Sinopec, will agree

OPEC

Libya’s Biggest Oil Field Restarts, Adding Hurdle to OPEC Cuts

From Bloomberg Libya’s biggest oil field resumed production, adding another complication to OPEC’s effort to trim a global supply glut. Sharara resumed production and is expected to reach 80,000 barrels in one day, according to people with knowledge of the matter who asked not to be identified because they aren’t authorized to speak to the media. Regular output will be fully

Calcasieu Pass LNG Gets Key Export Approval

From Houston Chronicle Federal regulators have authorized Venture Global’s $4.5 billion Calcasieu Pass LNG project in Louisiana to export to China, South Korea, Japan and a number of other nations where liquefied natural gas prices are higher. The U.S. Department of Energy issued an order authorizing Calcasieu Pass LNG to export liquefied natural gas to non-free trade agreement nations, Venture

Fracing

Investors Telling Gas Producers to Cut Back, Producers Listening

From Pittsburgh Business Times A new wave of belt tightening ushered in 2019 among natural gas producers in the Appalachian basin. Publicly traded companies who are among the region’s biggest producers — EQT Corp., Range Resources, CNX Resources Corp. and Southwestern Energy Co. — have all said within the past few weeks that they will be spending less on drilling