LNG

ExxonMobil is signaling it will post stronger results during the third quarter because of higher commodity prices, while rival Shell plc also is expecting rebounding profits but lower LNG output because of scheduled maintenance. In Form 8-K filings with the U.S. Securities and Exchange Commission, the integrated majors outlined their projections for the third quarter,…

Boosted by North American projects, TotalEnergies plans to use LNG as one of its key “pillars” as it aims to grow natural gas and oil production by at least 2% annually until the end of the decade. In an outlook presentation as a part of TotalEnergies’ investor day in New York, executives outlined how the…

Israel continues to review which transportation route is best to export natural gas to Europe, with a final decision on the path expected sometime next year.  Israeli Prime Minister Benjamin Netanyahu recently met with Greek Prime Minister Kyriakos Mitsotakis and Cyprus’ President Nikos Christodoulides to discuss how to get more natural gas to Europe. Netanyahu…

Norway’s Equinor ASA is set to develop a massive natural gas project offshore Brazil. The company submitted a declaration of commerciality for the BM-C-33 concession in Brazil’s Campos Basin to oil and gas regulator Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP). The $9 billion Raia Manta and Raia Pintada projects on the deepwater…

FERC has approved a suite of natural gas projects, including the second phase of the Port Arthur LNG project, following a key meeting on Thursday when it addressed the items that were struck from its agenda in July following an impasse among commissioners.  Sempra Infrastructure called the order authorizing Port Arthur’s second phase “a major…

A carbon capture project that would be sited offshore Louisiana’s industrial-heavy Cameron Parish is inching forward after Carbonvert Inc. and Castex Energy Inc. clinched an operating agreement with state officials. Houston-based Carbonvert, a carbon capture and storage (CCS) expert, is teaming with Castex subsidiary Castex Carbon Solutions LLC to capture carbon dioxide (CO2) emissions at…

Shell plc is advancing its 2.7 Tcf Manatee offshore development in the waters off Trinidad and Tobago. Trinidad and Tobago’s Prime Minister Keith Rowley last week said the project was going ahead as the dual island nation attempts to up domestic gas production to feed its flagship Atlantic LNG export facility. One of Atlantic LNG’s…

Houston-based ConocoPhillips has signed another deal securing more capacity to move volumes from its growing LNG supply portfolio into Europe as the continent continues to replace Russian imports.  The independent said it booked 2 billion cubic meters (Bcm) annually, or roughly 70 Bcf/year of regasification capacity at the Gate import terminal in the Netherlands, one…

Natural gas futures traded in a tight range of gains and losses to kick off the trading week, and the front month ultimately trended up slightly despite falling temperatures and waning weather-driven demand. At A Glance: Prompt month posts tiny gain Production above 100 Bcf/d NGI models 52 Bcf injection Coming off back-to-back modest gains…