Post Tagged with: "Exports"

Liquefied Natural Gas Plant, Australia

U.S. Crude Oil, NatGas Exports Both Hit New Highs

U.S. crude oil exports grew to an average of 1.1 MMBOPD in 2017, the EIA said, which is the second full year since restrictions on crude oil exports were removed. Crude oil exports in 2017 were nearly double the level …

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Venezuela’s citizens are left holding a bag, one that is saddled with $60 billion dollars worth of debt.

Citizens of Venezuela have been buying into bonds due to government policies of subsidizing the purchase of foreign debt by individual investors, …

Trade Shift: United States Exports More Energy Products to Mexico

Trade Shift: United States Exports More Energy Products to Mexico

In the past three years, the U.S. has exported more energy products to Mexico than it imports. That’s a reversal from just a few years ago.

Historically, energy trading between Mexico and the U.S. was characterized by Mexican sales of …

Dallas Fed’s Mine Yücel talks about Global Oil & Gas Output and the Goldilocks Price for 2018

Dallas Fed’s Mine Yücel talks about Global Oil & Gas Output and the Goldilocks Price for 2018

The Federal Reserve Bank of Dallas is populated with smart people who track the comings and goings of all the factors affecting the energy industry, not just in Texas but globally.

Dallas Fed SVP and Research Advisor Mine Yücel discussed …

Image: Oil & Gas 360

100 Million Barrels of Strategic Oil Reserves to be Sold

Recent U.S. legislation has directed the sale of more than 100 million barrels of oil from the Strategic Petroleum Reserve (SPR) in government fiscal years 2022 through 2027.

Based on legislated sales established in multiple acts of Congress, the SPR …

February 26, 2018 - 2:05 pm Closing Bell Story‎, Finance, Law, Oil and Gas 360 Articles
China Continues Transition to NatGas, Ranks Second in LNG Imports

China Continues Transition to NatGas, Ranks Second in LNG Imports

In 2017 China surpassed South Korea to become the world’s second-largest importer of LNG, according to data from IHS Markit and official Chinese government statistics, the EIA said. Driven by government policies designed to reduce air pollution, LNG imports increased …

February 23, 2018 - 3:31 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Egypt Buys $14 Billion of NatGas from Noble Energy, Delek

Egypt Buys $14 Billion of NatGas from Noble Energy, Delek

Noble Energy, Inc. (ticker: NBL) has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt.

These agreements, one for natural gas from Leviathan and one …

Asia’s Soaring Gas Demand Opens Window for New LNG Projects

Asia’s Soaring Gas Demand Opens Window for New LNG Projects

From Reuters

NUSA DUA, Indonesia/SINGAPORE (Reuters) – Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years, opening opportunity for new production from East Africa to North America …

February 14, 2018 - 11:47 am Closing Bell Story‎, Energy News
US Net Energy Trade (1990-2050)

United States Powers Up Commodities Exports in 2022

The United States will become a net energy exporter in 2022, according to the newly released Annual Energy Outlook 2018 (AEO2018) Reference case from the EIA.

The cause? EIA says changes in the petroleum and natural gas market are driving …

Cheniere's Corpus Christie Plant

More U.S. Gas Earmarked for China: Cheniere, CNPC Go Long-Term

Cheniere Energy, Inc. (ticker: LNG) has entered into two LNG sale and purchase agreements (SPA) with China National Petroleum Corporation (CNPC).

Under the SPAs with Cheniere’s subsidiaries, Corpus Christi Liquefaction, LLC and Cheniere Marketing International LLP, CNPC subsidiary PetroChina International …

February 9, 2018 - 2:51 pm China, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Cove Point Fall Colors, Nov. 2017

Dominion Energy: Cove Point is Producing LNG

First U.S. east coast export facility is expected to enter commercial service in early March

Dominion Energy Cove Point (DECP, ticker: D) has begun producing liquefied natural gas. The company’s newly constructed natural gas liquefaction facility is undergoing commissioning in …

February 1, 2018 - 3:12 pm Closing Bell Story‎, Jobs, LNG, Oil and Gas 360 Articles
Asia takes 35% of U.S. exported crude oil Jan.-Aug. 2017; snags 40% of U.S. exports in Sept.-Oct.

U.S. Crude Exports Jump to Record Level After Harvey Disrupts Refining

Hurricane Harvey disrupted U.S. Gulf Coast refining operations from late August to September in 2017, and pausing operations led to record-high U.S. crude oil exports when facilities reopened after the storm, the EIA reported today.

In October 2017, crude oil …

Source: Nord Stream AG

Nord Stream Gas Pipeline Sends 51 Bcm to EU

The Nord Stream Pipeline delivered 51 billion cubic meters (Bcm) of natural gas to consumers in the European Union in 2017.

This means that the pipeline system operated at 93% of its annual design capacity of 55 Bcm. This is …

Cheniere Signs Another 15-Year LNG Contract

Cheniere Signs Another 15-Year LNG Contract

Cheniere Energy, Inc. (ticker: LNG) and its subsidiary Cheniere Marketing, LLC have entered into a LNG sale and purchase agreement (SPA) with Trafigura Pte Ltd., a Geneva-based independent trader of oil and petroleum products. Trafigura’s LNG team is based in …

January 16, 2018 - 2:21 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Kuwait Petroleum and Shell Sign 15-Year Agreement

Kuwait Petroleum and Shell Sign 15-Year Agreement

Royal Dutch Shell plc (ticker: RDS.A) and Kuwait Petroleum Corp. have signed an LNG contract that secures Kuwait’s domestic energy needs for the next 15 years.

A private source told Bloomberg that the contract will cover 2-3 million metric tons …

Cove Point Fall Colors, Nov. 2017

Dominion Energy Cove Point LNG Says it will Start Up Commercial Ops Early 2018, Denies LNG Contract Re-Negotiations

Dominion Energy (ticker: D) issued a statement today saying it would begin commercial operations early next year under the terms of previously negotiated 20-year contracts with ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, …

December 19, 2017 - 2:23 pm Closing Bell Story‎, Energy News, LNG, Oil and Gas 360 Articles
Source: Oct. 2017 Presentation

Tellurian Prices Public Offering of Common Stock

Tellurian Inc. (ticker: TELL) has priced an underwritten public offering of 10,000,000 shares of its common stock at a price to the public of $10.00 per share, for total gross proceeds (before underwriters’ compensation and estimated expenses) of $100.0 million.…

December 8, 2017 - 5:08 pm Closing Bell Story‎, Finance, Oil and Gas 360 Articles
China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China on a tear to expand domestic gas output and diversify its natural gas imports

China’s quest for natural gas

“China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” …

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Cove Point LNG Facility Almost at the Finish Line

Introduces feed gas this week: commissioning operations underway

Dominion Energy Cove Point (ticker: D) introduced feed gas into its new LNG facility this week.

The facility has been under design, permitting and construction for the past several years and it …

All-Time High for U.S. Crude Exports

All-Time High for U.S. Crude Exports

Widening spread incentivizes marketers to export abroad: Fed

U.S. crude oil exports went from 1.29 MMBOPD in Sept. to 1.78 MMBOPD in Oct., an all-time high according to the Federal Reserve Bank of Dallas.

The crude oil export ban was …

November 17, 2017 - 5:51 pm Closing Bell Story‎, Energy News
U.S. Coal Finds Market in Europe, Gas Too

U.S. Coal Finds Market in Europe, Gas Too

U.S. responsible for 40% of the world’s new gas production by 2022: IEA

A report by the EIA indicated that coal exports—for both steam coal, used for power generation, and metallurgical coal, used for refining steel—have increased by 58% from …

Expect Higher Crude Oil Exports to European, Asian Markets:  WoodMac

Expect Higher Crude Oil Exports to European, Asian Markets:  WoodMac

In its appearance at EIA’s annual Energy Conference last week, Wood Mackenzie gave a presentation on crude oil exports, saying that U.S. crude oil exports rose in tandem with U.S. oil production following the repeal of the U.S.’s 40-year crude …

Saudi Arabia Now Targeting U.S. Data to Boost Prices

Saudi Arabia Now Targeting U.S. Data to Boost Prices

As production cuts fail to raise prices further, Saudi Arabia looks to influence U.S. data to strengthen commodity prices

Crude oil prices hit a five-week low Wednesday as OPEC production rose and U.S. inventories showed smaller than expected draws. OPEC …

China Lowers Export Quotas 40% for Majors

China Lowers Export Quotas 40% for Majors

Larger quotas expected later in 2017

China will cut its export quotas to the country’s oil majors by 40% in the first round of licenses for 2017, reports Reuters, even as traders expect allowances for overseas sales to meet …

December 29, 2016 - 5:34 pm China, Closing Bell Story‎, Oil and Gas 360 Articles
Exclusive Interview With Elizabeth Ames Coleman, Former Chairman, Texas Railroad Commission

Exclusive Interview With Elizabeth Ames Coleman, Former Chairman, Texas Railroad Commission

Crude oil plays an important role in both energy and politics, and sometimes policy can have a significant impact on the development of the oil and gas industry. In order to help companies navigate the obstacles of federal regulation, Former …

Source: Energy.gov

LNG Exports Just Got Easier

The U.S. House of Representatives passed the FY17 National Defense Authorization Act (NDAA), which authorizes $602 billion in funding for the Department of Defense and the national security programs of the Department of Energy. While defense spending has little effect …

Libya Supply Disruption Ends – Oil Shipments Resume from Hariga Port in Libya; Crude Reacts

Libya Supply Disruption Ends – Oil Shipments Resume from Hariga Port in Libya; Crude Reacts

Libya’s national oil company confirms 660 MBO shipment from Hariga port

Oil prices have resumed a familiar behavior: volatility. In the past five days or so, WTI has traded below $46.50 and pushed toward $49 on the 18th and …

May 20, 2016 - 3:15 pm Closing Bell Story‎, Oil and Gas 360 Articles, OPEC
LNG Bill Could Add 45,000 Jobs as soon as 2018

LNG Bill Could Add 45,000 Jobs as soon as 2018

In late January the U.S. House of Representatives approved H.R. 351, the LNG Permitting Certainty and Transparency Act. The bill was designed to accelerate the approvals of U.S. liquefied natural gas (LNG) exports.

Rep. Bill Johnson (R-OH), Energy and Commerce …

U.S. Imports of Canadian Crude Oil Hit Record-High 3.2 MMBOPD

U.S. Imports of Canadian Crude Oil Hit Record-High 3.2 MMBOPD

While overall U.S. crude oil imports decline, the U.S. continues to increase imports of Canadian crude oil

The total amount of crude oil imported into the U.S. has steadily declined since a peak in 2005 when imports averaged 10.1 MMBOPD, …

April 12, 2016 - 11:17 am Canada, Closing Bell Story‎, Oil and Gas 360 Articles
North America = Net Exporter of Liquids by 2021:  BP

North America = Net Exporter of Liquids by 2021: BP

Slowing demand and increasing production puts North America on track for net liquids exports

North America expected to export liquids starting 2021

BP (ticker: BP) released its 2016 Energy Outlook – Focus on North America today. In the repost it forecasts that increasing oil and gas production, mixed …