LNG

ExxonMobil, which gave oomph to the North American natural gas revolution a decade ago, warned Friday its assets are facing a writedown of $25-30 billion and could be for sale.  An internal assessment is underway to determine the fate of the dry gas assets, principal financial officer Andrew Swiger said during the quarterly conference call.…

Chevron Corp. continues to see lower demand for oil and natural gas from Covid-19, but it is focusing on what it can control, CEO Michael Wirth said. The San Ramon, CA-based major issued its third quarter results Friday, highlighting the completion of its takeover of Noble Energy Inc. and the startup of some alternative energy…

Natural gas forward markets were lower for the Oct. 22-28 period as lackluster demand in key demand regions of the Lower 48 tempered prices, according to NGI’s Forward Look. Losses were mostly pronounced in the Northeast and in the Permian Basin, where pipeline work sparked increased volatility this week. Most of the price action was…

The Energía Costa Azul (ECA) natural gas export project in Mexico’s Baja California has yet to receive an export approval from the Mexican government despite a new push to support the exports but sanctioning could happen later this year, Infraestructura Energética Nova (IEnova) executives said last week. The proposed two-phase liquefied natural gas (LNG) project,…

Belgium-based Exmar recently reached a settlement agreement with Argentina state oil and gas firm YPF SA over the Tango floating liquefied natural gas (FLNG) vessel docked at the Bahía Blanca port. YPF issued a force majeure notice in June claiming it couldn’t meet the terms of its charter agreement for the Tango vessel because of…

Royal Dutch Shell plc CEO Ben van Beurden acknowledged Thursday there may be some pain associated with the share price in constricting oil and gas activities as it moves toward a carbon-free goal, but customers “increasingly” are embracing the global energy transition. Customers are calling for more carbon-neutral fuel, oil and natural gas, including for…

Natural gas forward markets were lower for the Oct. 22-28 period as lackluster demand in key demand regions of the Lower 48 tempered prices, according to NGI’s Forward Look. Losses were mostly pronounced in the Northeast and in the Permian Basin, where pipeline work sparked increased volatility this week. Most of the price action was…

Recent announcements by the leaders of China and Japan to achieve carbon neutrality in the coming decades could initially increase demand for U.S. liquefied natural gas (LNG), but that demand could be reduced as early as 2030, analysts said. Japanese Prime Minister Yoshihide Suga on Monday said the country would aim to become a “carbon-neutral,…

The U.S. Department of Energy (DOE) on Wednesday extended through 2050 three long-term liquefied natural gas (LNG) export licenses to countries without free-trade agreements (FTA). The extensions were issued for two Cheniere Energy Inc. facilities, Sabine Pass LNG in Louisiana and Corpus Christi LNG in South Texas. Sempra Energy’s proposed Port Arthur LNG terminal east…