International

Talks to avert strikes at three LNG export facilities in Western Australia are expected to stretch into next week after negotiations between the labor unions, Chevron Corp. and Woodside Energy Group Ltd. have made little headway. Discussions were scheduled to continue next Wednesday (Aug. 23) in order to give both sides time to consider what…

Adnoc Gas plc has inked a five-year LNG sales and purchase agreement with Japan Petroleum Exploration Co. (Japex) as Abu Dhabi aims to sustain and grow its influence on Asian gas markets. The firms didn’t disclose an annual volume of liquefied natural gas for the contract, but valued the deal at between $450 and $550…

Growing requirements for industrial chemistry to improve natural gas and oil pipeline flows and drilling results lifted second quarter results for CES Energy Solutions Corp., a barometer of activity in Canada and the United States. The Calgary-based company said “the recovery in global energy demand, combined with several years of lower investment in the upstream…

The dollar value of two-way oil and natural gas trade between Canada and the United States swelled last year to a record $190 billion, as global markets reacted to Russia’s invasion of Ukraine, according to federal researchers. Inflation-adjusted records showed that last year’s energy trade overall between the United States and Canada topped the 2008…

Qatar, one of the top global LNG exporters, is having a banner year. The country has signed record volumes of long-term liquified natural gas supply contracts with new and existing buyers.  But it remains uncertain how much of the additional capacity that is being developed by QatarEnergy (QE)  will be committed by the end of…

Hundreds of North Sea oil and gas licenses are set to be granted in the UK within months to reduce reliance on oil and natural gas imports to strengthen the country’s energy independence.  UK Prime Minister Rishi Sunak reaffirmed the UK’s commitment to oil and gas, saying late last month that “even when we’ve reached…

Despite a slower than expected economic recovery from the Covid-19 pandemic, China gradually regained its position as the world’s largest LNG importer in July, raising the potential for a winter supply squeeze. China’s liquefied natural gas imports from the beginning of the year through July totaled 42.2 million tons (Mt), placing it around 2 Mt…

European natural gas prices fell Thursday after the dust settled from Wednesday’s rally over supply concerns tied to potential strikes at LNG terminals in Australia that are likely to keep the market more volatile until labor negotiations are resolved. The prompt Title Transfer Facility (TTF) contract closed 7% lower to finish just shy of $12/MMBtu…

Labor unions in Australia have escalated negotiations with Woodside Energy Group Ltd. and Chevron Corp. by voting overwhelmingly to go on strike if necessary. Strikes haven’t started, but the Australia Workers’ Union and Maritime Union authorized protected industrial action. The move sets the stage for potential work stoppages that could put nearly 10% of global LNG capacity at risk of shutting down.