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Home2025May

Month: May 2025

Sempra
Exports

Sempra still targets Port Arthur LNG expansion FID in 2025

May 12, 2025 Mariel Alumit

Sempra and Sempra Infrastructure’s management discussed the Port Arthur LNG project during Sempra’s first-quarter earnings call on Friday. Bechtel is currently building the first phase of the Port Arthur LNG export terminal with a capacity […]

LNG imports
Finance

Taiwan’s LNG imports jump in April

May 12, 2025 Mariel Alumit

Preliminary data from the Directorate General of Customs shows that the country received 1.98 million tonnes of LNG in April. This is up by 46.7 percent year-on-year compared to 1.35 million mt in April 2024. […]

Cheniere
Exports

Cheniere nears first LNG at second Corpus Christi expansion train

May 12, 2025 Mariel Alumit

Cheniere made the final investment decision on the CCL Stage 3 expansion project, worth about $8 billion, in June 2022. The project includes building seven midscale trains, each with an expected liquefaction capacity of about 1.49 mtpa, […]

Valaris
Exploration and Production

Valaris rig told to stop drilling at Santos’ gas project over blowout concerns

May 12, 2025 Mariel Alumit

Australia’s offshore safety regulator NOPSEMA has ordered driller Valaris to stop drilling at the Barossa gas field 300 km north of Darwin over concerns regarding crucial safety equipment. Valaris’ 2011-built MS-1 semisub drilling rig was […]

Shelf Drilling
Crude Oil News

Shelf Drilling bags a pair of jackup extensions

May 12, 2025 Mariel Alumit

United Arab Emirates-based jackup rig pure-play Shelf Drilling has revealed a couple of extensions for its rigs and some news regarding its fleet in its latest status report. The company said that its Trident 16 rig secured […]

Debt Ceiling
Finance

How the Debt Ceiling Is Now Pouring Liquidity into Financial Markets, only to Suck it Back Out Very Fast Later this Year

May 11, 2025 Stu Turley

Last time, $840 billion got sucked out in 5 months, all from excess cash in ON RRPs. But after $2.26 trillion of QT, ON RRPs are nearly gone. By Wolf Richter for WOLF STREET. Back on April 3, […]

China Nuclear Plant created by Grok on X
Electrical Generation / Utilities

China approves 10 new nuclear reactors bringing their grid to 68 upon completion

May 11, 2025 Clark Savage

ENB Pub Note: If China can build a reactor for 2.74 billion each, and build them for that, we had better get a huge plan together from the leadership at the U.S. Department of Energy. […]

China has an off-switch for America, and we aren’t ready to deal with it.
Electrical Generation / Utilities

Can the UK avoid the Spain Blackouts? Or are they doomed?

May 11, 2025 Clark Savage

Key Points Research suggests the UK needs significant grid upgrades to avoid blackouts like Spain’s in April 2025, driven by renewable energy integration. It seems likely that investments in transmission, storage, and resilience are crucial, […]

North Sea
Big Oil Companies

Is Shell Sizing Up Oil’s Biggest Power Grab Yet?

May 11, 2025 Clark Savage

ENB Pub Note: We will cover this issue on the Energy Realities podcast with David Blackmon, Irina Slav, Tammy Nemeth, and Stu Turley live on X, YouTube, and LinkedIn Monday morning at 8:00 Central US. […]

Chevron Triumphs Over ExxonMobil, Ending 20-Month Battle to Acquire Hess
Big Oil Companies

Chevron caught in the middle of the Venezuela Production issues.

May 11, 2025 Clark Savage

Key Points Research suggests Chevron’s oil production in Venezuela is winding down, likely zero or negligible by May 11, 2025. It seems likely that U.S. sanctions and license termination have halted significant operations. The evidence […]

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