Coronavirus

Tellurian Inc. said Monday that its massive Driftwood LNG export project proposed for Louisiana is “shovel ready,” with construction targeted to start this year.

Oil futures and stock markets fell sharply Monday as reports of new cases of the coronavirus outside of China raised fears over the potential impacts of the outbreak on global economic activity.

The coronavirus has upended the global liquefied natural gas (LNG) market, driving up freight rate volatility as an increasing number of cargoes are floating throughout Asia while others are being diverted.

North Dakota’s chief oil and gas regulator last Friday predicted that the indirect impact of the coronavirus on global oil prices and demand could be felt for the rest of this year by U.S. operators.

China said Tuesday it would offer tariff exemptions for hundreds of U.S. goods, including crude oil and liquefied natural gas (LNG), as part of efforts to ease trade tensions.

The International Energy Agency (IEA) has cut its oil demand growth forecast for the year as the coronavirus outbreak in China continues to take a toll on the global economy.

The outlook for liquefied natural gas (LNG) deteriorated on Monday, as the coronavirus continued to impact deliveries to China following a week in which the country’s largest importer declared force majeure and sent a bearish signal to an already oversupplied global market.

With coronavirus fears roiling energy markets and the oil and gas industry entering 4Q2019 earnings season chanting the mantra of capital discipline, analysts at Tudor, Pickering, Holt & Co. (TPH) said Wednesday they’re lowering their 2020 price decks.

With coronavirus fears roiling energy markets and the oil and gas industry entering 4Q2019 earnings season chanting the mantra of capital discipline, analysts at Tudor, Pickering, Holt & Co. (TPH) said Wednesday they’re lowering their 2020 price decks.