International

New Fortress Energy Inc. (NFE) is working to expand natural gas liquefaction capacity to fill a short-term gap in global supplies and meet demand faster than its rivals.  The company plans to file applications this summer for another six floating liquefaction facilities in the Gulf of Mexico (GOM) that could be deployed more quickly than…

Calgary-based producer Arc Resources Ltd. said it nearly doubled future liquefied natural gas (LNG) sales during the first quarter by landing a contract to supply an expansion to Cheniere Energy Inc.’s Corpus Christi terminal in South Texas.  The deal would expand sales into overseas markets to 290 MMcf/d, management noted. The Cheniere deal would  add…

Click here to listen to the latest episode of NGI’s Hub & Flow for a look at the global natural gas market from a South American perspective. Join NGI’s Mexico & Latin America Editor Christopher Lenton and guest speaker Alvaro Rios, Bolivia’s former minister of hydrocarbons and current managing director of Gas Energy Latin America,…

The Group of Seven (G7) nations has pledged to end imports of Russian oil as part of a broader acceleration of Western sanctions intended to debilitate the Kremlin’s ability to finance its invasion of Ukraine. “We commit to phase out our dependency on Russian energy, including by phasing out or banning the import of Russian…

ConocoPhillips joined other exploration and production (E&P) companies in reporting rising earnings, thanks to geopolitical impacts to oil and gas prices, but management said it should move on “full value chain” opportunities in liquefied natural gas (LNG) to further enhance its gas business. The Houston-based independent, the world’s largest, has substantial global holdings in gas.…

American oil producers were active by 2022 standards last week. However, total output held flat for the third straight period and remained far below pre-pandemic levels, the U.S. Energy Information Administration (EIA) said Wednesday. Production for the week ending April 29 totaled 11.9 million b/d, according to EIA. That was on par with the high…

Enagás SA, Spain’s transmission system operator (TSO), has renewed talks to create more natural gas pipeline infrastructure between France and Spain in the wake of Russia’s invasion of Ukraine. CEO Arturo Gonzalo said during a first quarter earnings call the company is “working closely” with its French TSO counterpart, Teréga SAS, to propose an additional…

BP plc’s primary focus for global natural gas markets today is centered on “flow assurance,” to move enough supply to European countries that remain dependent on Russia, top executives said Tuesday.  CEO Bernard Looney was joined by CFO Murray Auchincloss to discuss first quarter performance. The London-based major for several years has been the No.…

TC Energy Corp. now expects liquefied natural gas (LNG) exports from North America to reach 25 Bcf/d by 2030, up more than 90% from current levels, according to CEO Francois Poirier. “While the world confronts a serious geopolitical shift, a transition to cleaner energy that also meets the world’s demand is still required,” Poirier said…