(Oil Price) – Interest in the Alaska LNG export project has spiked since the war in the Middle East choked 20% of global LNG supply and sent Asian buyers scrambling for expensive spot cargoes. Glenfarne Group, the majority owner and developer of the Alaska LNG Project, aims to sign soon binding offtake agreements with buyers and advance final investment decisions to
(World Oil) – California’s Natural Resources Agency has ordered Houston-based oil driller Sable Offshore Corp. to remove a pipeline crossing a state park days after the US government instructed the company to begin pumping crude through the conduit. US Energy Secretary Chris Wright, following an executive order signed by President Donald Trump, directed Sable on Friday to begin restoring operations
(Investing) – WASHINGTON – The Trump administration is considering waiving the century-old Jones Act for a limited period to ensure energy and agricultural shipments can move freely between U.S. ports, press secretary Karoline Leavitt said on Thursday, in a bid to combat Iran-related supply disruptions. “In the interest of national defense, the White House is considering waiving the Jones Act for
(Oil Price) – Last month’s announcement that Devon Energy and Coterra Energy are merging to create a $58-billion giant is the latest mega-deal in the U.S. shale patch, signaling smaller public companies are seeking multi-basin, multi-year increases in drilling opportunities. In early February, Devon Energy and Coterra Energy announced a definitive agreement to merge and create a premier shale operator in
(World Oil) – WhiteHawk Energy, LLC has entered into a definitive purchase and sale agreement to acquire natural gas mineral and royalty interests covering approximately 150,000 gross unit acres in the core of the Haynesville shale in Louisiana and East Texas. The assets include interests associated with roughly 500 producing natural gas wells and approximately 1,000 wells-in-process, permitted wells and undeveloped drilling locations. The
(BOE Report) – The U.S. Energy Department has offered a $26.54 billion loan to subsidiaries of Southern Co to increase grid reliability, the largest ever such financing by its loan office, the department said on Wednesday. The loans will save power customers in Georgia and Alabama more than $7 billion, the department said, without detailing how. Southern said last year
(Oil Price) – The Trump administration plans to allow energy companies to sell fuel to private Cuban businesses while maintaining a strict blockade on the Cuban government. The policy shift aims to alleviate a worsening humanitarian and energy crisis on the island by distinguishing between the Cuban people and the regime. The U.S. Department of the Treasury and U.S. Department of Commerce are
(Oil Price) – For decades, nuclear energy has been regarded as the black sheep of the energy universe, thanks to drawbacks such as high costs, risk of thermal runaway leading to catastrophic accidents as well as the hazardous by-products of nuclear plants. Nuclear waste is notorious for the fact that it can remain dangerously radioactive for many thousands of years. Currently,
(BOE Report) – American financier Gentry Beach, who has ties to U.S. President Donald Trump’s family, signed an agreement with Russia’s energy giant Novatek last autumn to develop natural gas in Alaska amid Western sanctions against Russia, the New York Times reported on Friday. In August, Trump and Russian President Vladimir Putin met in Alaska for talks aimed at ending
(By Oil & Gas 360)- Energy policy is entering another period of strain, and the tension now runs through institutions as much as markets. The United States is openly questioning whether the International Energy Agency has moved too far from its original energy security mandate toward climate advocacy. At the same time, Europe is confronting the rising cost of meeting
(By Oil & Gas 360) – For years, Venezuela’s oil industry has existed in a kind of geopolitical limbo. Sanctions choked off Western capital. Infrastructure deteriorated. Production collapsed. Into that vacuum stepped Russia and China, keeping barrels moving but doing little to restore the industry’s long-term viability. That stalemate is now shifting. By allowing U.S. companies to resume certain oilfield
(Oil Price) – Venezuela’s oil sales, under the control of the United States for five weeks now, are set to bring $5 billion over the next few months, U.S. Energy Secretary Chris Wright told NBC News in an interview. “Sales today are over a billion dollars, and in fact, we have sort of short-term agreements over the next few months that will bring
