From Bloomberg The Trump administration’s trade dispute with China is delaying one U.S. company’s bid to sign long-term natural gas export deals. While liquefied natural gas is excluded from the trade tariffs imposed in recent weeks, buyers are waiting to see whether the power-plant and heating fuel will be roped into the spat, said Greg Vesey, chief executive officer of
But when Power of Siberia pipeline begins, LNG imports may take a back seat to Russian pipeline gas From Maritime Executive China has outpaced Japan to become the world’s largest importer of natural gas, a welcome sign for the developers of liquefaction plants in the Pacific Basin and beyond. Chinese buyers purchased 34.9 million tons of imported gas for the
From Financial Times Chinese LNG demand is soaring — so much so that Beijing spared the product from tariff rises When China last week set out a list of US exports threatened with retaliatory tariffs, almost all fossil fuels were covered, including oil, coal and liquefied petroleum gases such as propane. There was, however, one conspicuous exemption: liquefied natural gas.
From Reuters Major U.S. energy companies including Plains All American Pipeline (PAA.N), Hess Corp (HES.N) and Kinder Morgan Inc (KMI.N) are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, Canada and Mexico. There have been nearly 21,000 requests overall for exclusions submitted to the U.S. Commerce Department since the
Strong interest in upstream sector Netherland Sewell & Associates (NSAI) is taking its popular Oil & Gas Property Evaluation Seminars on the road again this summer. The NSAI professionals will speak to the London financial and investment community on June 26-27, to Singapore July 10-11, and to Mexico City on Sept. 5-6, 2018. Each year, NSAI conducts its Oil &
From Reuters U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest economies. Trump, whose hard-line stance on trade has led him to wrangle with allies, said in a statement that a
China’s New Energy Vehicle (NEV) mandate came into effect in April – GM expects to have 10 plug-in models for Chinese market in the next 18 months By Energy Fuse China’s ambitious national New Energy Vehicle (NEV) mandate is contributing to global automakers reconsidering their long-term electric vehicle (EV) strategies. The mandate, which formally came into effect this April, sets targets
From Bloomberg/Business Times Singapore – Commodities were a big casualty of the escalating trade war between the US and China, but are now set to be a major beneficiary of Beijing’s pledge to import more American goods. US President Donald Trump had threatened to impose tariffs on as much as US$150 billion in Chinese imports, including some steel and aluminum products,
Husky Announces Discovery Off of Newfoundland/Labrador, Signs PSCs in Asia
ConocoPhillips Company (ticker: COP) reported first quarter 2018 earnings of $0.9 billion, or $0.75 per share. This compares to first quarter 2017 earnings of $0.6 billion, or $0.47 per share. First quarter production, excluding Libya, was 1,224 MBOEPD. Production from Libya was 45 MBOEPD. Conoco said that it grew year-over-year production in the Eagle Ford, Bakken and Delaware by 20%.
From Reuters The Philippines is looking to seal a pact with China within a few months to jointly explore for oil and gas in a part of the busy South China Sea waterway claimed by both countries, a Philippine official said on Monday. In February, the two countries agreed to set up a special panel to work out how to
China adds oil growth to its number two rank in global LNG imports BY Maritime Executive U.S. crude oil exports in 2017 were nearly double those of 2016, and China accounted for 202,000 b/d (20 percent) of the 527,000 b/d total increase. As a result, China surpassed the U.K. and the Netherlands to become the second-largest importing destination. However, similar to previous
