International

The Dutch government earlier this month shuttered six of the 11 Groningen natural gas production sites, and they will not be used for the rest of this gas year, according to the Ministry of Economic Affairs and Climate Policy. The decision not to increase Groningen output was made by the government early last year.  However,…

Japanese LNG giant Inpex Corp. plans to resume development activities for its proposed Abadi LNG platform with Shell plc after submitting plans to add a carbon capture and storage (CCS) component to the Indonesian offshore project. Inpex submitted a revised plan of development to Indonesian regulators that called for reducing all carbon dioxide emissions from…

Calgary-based Atco Ltd. has made an opening move on tapping Alberta natural gas to fuel low-carbon hydrogen exports to Japan. Atco also clinched an agreement to create an “integrated clean fuels supply chain” between subsidiary Canadian Utilities Ltd. and Kansai Electric Power Co. The plan is in early stages, with no  volumes, production costs or…

The return of LNG volumes in Australia, as well as stable natural gas and oil trading, should boost Shell plc’s results in the first quarter, the integrated major said. Liquefied natural gas volumes are forecast to climb to 7.0-7.4 million metric tons (MT) in 1Q2023 from 6.8 MT in 4Q2022.  Shell, in a preview of…

Global natural gas consumption is expected to rebound this year as easing price volatility and rising economic activity boosts LNG imports from China and South Asia and North America’s power market continues to cut coal-fired capacity, according to the Gas Exporting Countries Forum (GECF). Researchers with the organization headquartered in Qatar in the annual report…

Labor strikes continue to impact LNG import terminals and upend energy flows in France, which is being forced to tap into its natural gas stocks as vessels head elsewhere amid the disruptions. The strikes broke out a month ago, impacting ports, power production, air travel, refineries and other key aspects of the economy. No vessels…

U.S. exploration and production (E&P) firms kept crude output even last week amid an uncertain demand outlook and expectations for steep cuts to global supplies. E&Ps produced 12.2 million b/d for the week ended March 31, according to the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report (WPSR) on Wednesday. The result was flat…

Marathon Oil Corp., a Chevron Corp. subsidiary and the Republic of Equatorial Guinea (EG) have inked an agreement to increase natural gas and condensate exports from the EG Regional Gas Mega Hub (GMH). The first phase of the collaborative GMH project has been operating since early 2021, when gas from the offshore Alen gas field…

Calgary-based Vermilion Energy Inc. emerged as the top natural gas supplier in Ireland on Monday by closing a $434 million corporate takeover. Vermilion bought Equinor Energy Ireland Ltd. (EEIL) to become majority owner of the Corrib natural gas project, offshore Ireland’s west coast. Vermilion has operated Corrib since 2018. The deal raised the producer’s share…