LNG – Page 2 – Oil & Gas 360

Cheniere completes train 1 at Corpus Christi Stage 3 LNG project

March 17, 2025

(World Oil) – Cheniere Energy has announced that substantial completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3) was achieved on March 16, 2025. Commissioning is complete and Cheniere’s engineering, procurement and construction partner, Bechtel Energy, has turned over care, custody and control of Train 1 and associated systems to Cheniere. “The substantial completion of

African national oil companies (NOCs) partnering with independents to drive E&P

March 10, 2025

(World Oil) – Africa’s national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. By strengthening their balance-sheets through partial privatization, transferring their regulatory roles to independent entities and acquiring more assets, NOCs are emerging as strong partners for foreign firms. Boosting production Major oil producers in Africa are striving to boost production

Key US energy data trends to track as tariffs kick in: Maguire

March 5, 2025

(BOE Report) – Energy product traders, utilities, investors and business executives are among those scrambling to assess the likely impact of new steep tariffs on the United States’ largest trade partners, which kicked in on Tuesday. New 25% tariffs on imports from Mexico and Canada, along with a doubling of duties on Chinese goods to 20%, took effect on March

LNG takes the crown in Trump’s energy push

February 27, 2025

(Oil Price) – Last week, U.S. President Donald Trump unveiled the National Energy Dominance Council that is tasked with enhancing America’s energy security and cutting reliance on foreign entities. According to a White House statement, the Biden-Harris Administration dramatically slowed the growth rate of American energy production and development, including by instituting a federal oil leasing moratorium and removing hundreds of million acres

Trump unleashes LNG and drilling free-for-all

February 14, 2025

(Oil Price) – President Donald Trump wasted no time flexing his pro-fossil fuel stance, approving the first LNG export permit since Biden’s controversial pause last year and creating a new energy council to expand U.S. oil and gas production. The move is a sharp policy reversal and seeks to reinforce America’s position as the world’s top hydrocarbon producer. Commonwealth LNG, the

LNG is a sellers market for now

February 13, 2025

(Oil Price) – Europe has been driving global LNG trade since the start of the year, buying every cargo it can to secure energy supply during the coldest months of the year. Once spring comes, however, it will need to begin to refill its fast-emptying storage to prepare for next winter—and its fondness for overregulation may turn suicidal. Global LNG imports

ADNOC to shift U.S. hydrogen, LNG assets in push to create $80 billion global venture

February 5, 2025

(World Oil) – ADNOC will transfer stakes in some U.S. assets to its new international investment firm, XRG PJSC, part of a push to create a $80 billion global venture. Abu Dhabi National Oil Co.’s holdings in a hydrogen venture with Exxon Mobil Corp. and NextDecade Corp.’s LNG export project will move to XRG, according to CEO Sultan Al Jaber.

Japan may see LNG demand up if renewables are slow; Canada there to deliver, officials say

February 5, 2025

(BOE Report) – Japan’s demand for liquefied natural gas (LNG) may grow by more than 10% to some 74 million metric tons by 2040 under a government scenario where the renewable energy rollout goes slower than expected, a senior industry ministry official said. Japan’s domestic LNG demand continued to fall last year, dropping by 0.4% to 66 million tons due

Big oil set to book lowest quarterly profits in three years

January 29, 2025

(Oil Price) – The five biggest international oil and gas majors are expected to report in the coming weeks their lowest quarterly earnings in three years, data compiled by Bloomberg showed on Tuesday. Lower oil and gas prices, weaker oil trading and LNG business at some of the European majors, and declining margins across the board are expected to weigh on the fourth-quarter

Venture Global goes public with $60 billion valuation

January 24, 2025

(Oil Price) – LNG producer and exporter Venture Global went public this week, raising $1.75 billion for a total valuation of $60 billion. The company priced its share offering at $25 apiece, it said in a statement, which added the offering period will end on January 27. The price of the placement is a lot lower than Venture Global initially planned. The

Big oil prepares for slump in LNG profits

January 21, 2025

(Oil Price) – Big Oil majors are bracing for a drop in income from liquefied natural gas trade as prices are seen stabilizing after the price surge from the past three years, the Financial Times has reported, citing analysts. Among the companies most affected, the analysts named Shell, BP, TotalEnergies, Exxon, and Chevron, all of which have big LNG trading businesses that

Trump promised swift action on LNG exports, but advisers preaching patience

January 7, 2025

(Investing) – Advisers to U.S. President-elect Donald Trump are urging him to take a patient approach to restarting approvals for liquefied natural gas export licenses, fearing rapid approvals will only get overturned in court, according to two sources familiar with the discussions. The recommendations offer a preview of the challenges Trump will face as his bold campaign promises to slash regulation and unfetter

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