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HomeLNG

LNG

Permian Basin
Exploration and Production

Feds: Natural gas production in Permian Basin region reaches new record

July 1, 2023 Mariel Alumit

(The Center Square) – Gross natural gas withdrawals from the Permian Basin in west Texas and southeastern New Mexico set an annual record high last year, reaching 21 billion cubic feet per day (Bcf/d), according […]

Oil and gas
Downstream

Oil and gas will continue to power the world for decades to come, big oil firms say

June 30, 2023 Mariel Alumit

Oil and gas will remain leading sources of energy for decades to come, major industry players echoed during the inaugural Energy Asia conference. “Energy transition is going to take a lot longer, it’s going to […]

LNG
Exports

LNG fleet capacity a constraint on global energy transition

June 29, 2023 Mariel Alumit

Panos Mitrou, Lloyd’s Register’s top gas expert, believes that limits on capacity to build new LNG carriers could actually prove a constraint on the world’s energy transition. Writing in the classification society’s latest issues of […]

Eni
Exploration and Production

Eni signs $300m deal to sell non-core oil assets in Republic of Congo

June 28, 2023 Mariel Alumit

talian oil and gas company Eni has agreed to divest stakes in several non-core oil permits in the Republic of Congo (Congo) to Anglo-French oil and gas company Perenco for a figure in the region of $300m (€273.97m). […]

charter
Climate Crisis

Germany Commits to 2.25 MMtpa LNG Buy from Venture Global

June 27, 2023 Mariel Alumit

Securing Energy for Europe Holding GMBH (SEFE) has signed up for a 20-year purchase of 2.25 million tons per annum (MMtpa) from Venture Global LNG Inc., in a deal that is touted to make the […]

Pakistan
Imports

Pakistan Fails in Its First Attempt in a Year to Buy Gas in Hit to Economy

June 21, 2023 Mariel Alumit

(Bloomberg) — Pakistan failed in its first attempt in about a year to buy liquefied natural gas from the spot market, with no suppliers of the power-station fuel offering cargoes. No companies responded to Pakistan […]

Gas
Imports

Weak European Industry Is Keeping Gas Demand Depressed

June 20, 2023 Mariel Alumit

(Bloomberg) — Industrial demand for gas in Europe’s largest nations remains depressed despite lower prices, as an economic slowdown weighs on consumption and customers pivot toward renewable energy. Demand for the fuel in Germany, Italy, […]

Russia’s Energy Industry Is Betting Big On South Asia
Crude Oil News

Russia’s Energy Industry Is Betting Big On South Asia – Sanctions Don’t Work

June 17, 2023 Mariel Alumit

ENB Pub Note: Andrew Korybko is a Russian Substack author with an interesting point of view on the world’s geopolitical issues, and is worth reading his material. While I do not agree with all of […]

Insurers
Climate Crisis

Insurers face new minefield in climate activists’ war on oil and gas industry

June 15, 2023 Mariel Alumit

Top insurers have become lightning rods in the ballooning climate change battleground as these companies are being pressured to stop underwriting policies for the oil and gas industry. More than 140 groups, including climate activists, consumer rights and […]

Gas
Commodities

EU NatGas Soars Most In Year As Traders On Edge About ‘Possibility Of Tightening Supplies’

June 10, 2023 Mariel Alumit

European natural gas prices erupted Friday for the largest daily gain in a year as Bloomberg pointed out, “Traders reassess supply risks amid signs of global competition for the fuel and a heat wave bearing […]

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