International

ConocoPhillips raised its full-year 2023 production forecast after achieving record output domestically and worldwide during the first three months of the year.  The company is targeting full-year 2023 production of 1.78-1.80 million boe/d, a 10,000 boe/d increase at the midpoint from previous guidance. This would be up from full-year production of 1.74 million boe/d recorded…

Mexico’s President Andrés Manuel López Obrador said on Twitter Wednesday that Mexico Pacific Ltd. LLC (MPL) would build its 14.1 million metric tons/year Saguaro Energía LNG project on the country’s west coast and spend $14 billion on the project. 

Incredible rates of growth in fuel switching and infrastructure development allowed China to go from first time LNG importer to a short stint as the world’s largest in 2021. 

With one South Texas LNG export project set to be sanctioned by year’s end and a bevy of other ventures underway, Glenfarne Energy Transition LLC is finding its niche by tapping into the environmentally sensitive demands of potential overseas customers that want low-carbon energy. CEO Brendan Duval, who moved from Australia to the United States…

The European Union’s (EU) plans to significantly increase LNG import capacity continues to draw mixed opinions and raise concerns over whether the expansion would conflict with decarbonization targets and aspirations to dramatically boost renewable energy supplies this decade. To bring in enough LNG to gain independence from Russian natural gas, the EU aims to increase…

Cheniere Energy Inc. said Tuesday that it has already signed an agreement to supply LNG from a massive expansion of its Sabine Pass liquefaction (SPL) terminal in Louisiana just two months after it kicked off the federal permitting process.  CEO Jack Fusco told analysts during a call to discuss the company’s first quarter results that…

Strong global natural gas marketing and trading lifted BP plc in the first three months of this year, helping the company overcome low commodity prices as the integrated major also leaned in to secure opportunities to expand in the United States and overseas. CFO Murray Auchincloss led a conference call Tuesday to discuss the latest…

Montney Shale natural gas storage capacity has changed owners as Enbridge Inc. on Monday purchased a controlling stake in the Aitken Creek site in northern British Columbia (BC) from utility FortisBC Holdings Inc. for C$400 million ($300 million). Enbridge Executive Vice President Cynthia Hansen called the acquisition “a well located and connected facility that will…

The LNG market was again muted as the week got underway with hotter weather and restocking demand still in the offing. In Europe, the prompt Title Transfer Facility (TTF) gained just a penny in a quiet day of trading amid labor holidays across the continent. The June contract gave up 4% last week to finish…