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Pipeline Operator TC Energy Beats Profit Estimates on Strong LNG Demand

Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, Pipelines, US News / By

By Reuters (Reuters) – Pipeline operator TC Energy  beat first-quarter profit estimates on Friday, helped by robust demand for liquefied natural gas (LNG). Demand in the U.S., the largest importer of Canada’s oil and gas, rose in the first quarter according to the U.S. Energy Information Administration, benefiting Canadian energy firms. Total earnings from TC Energy’s pipeline …

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U.S. Stands to Lose Canadian Natural Gas When LNG Canada Terminal Starts Up

Conventional Energy, Latest, LNG, US News / By

The marine offloading facility at the LNG Canada site is pictured, in Kitimat, Canada, September 2022. LNG Canada/Handout/ File Photo May 3 – The start-up of LNG Canada, the country’s first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where …

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Shell Smashes Forecasts with $7.7 Billion Quarterly Profit

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Natural Gas, Oil, Tri-Pinned, US News / By

Summary Shell announces further $3.5 bln in buybacks Oil trading boosted by Red Sea diversions and Russia disruption LNG earnings beat expectations LONDON, May 2 (Reuters) – Shell  reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The company also said …

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Pacific Energy in Talks With NextDecade, Tellurian on US LNG

Conventional Energy, Latest, LNG / By

Bloomberg Pacific Energy is in talks with Tellurian Inc. and NextDecade Corp. for natural gas cargoes from planned export terminals along the US Gulf Coast, according to people familiar with the matter. The discussions involve liquefied gas to be produced at Tellurian’s proposed Driftwood LNG project in Louisiana and NextDecade’s Rio Grande terminal in Texas, said …

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Global Upstream Sector Set for deals Worth $150 billion Over Rest of 2024, Report Says

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil / By

The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts at Rystad Energy said in a report. M&A activity in the global upstream industry has already crossed the $64 billion mark this year, most …

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Next U.S. LNG Export Plant Aims to Begin Production in Mid-2024

Conventional Energy, Latest, LNG, US News / By

Plaquemines requests to import cargoes for start-up process The US became the world’s top LNG exporter last year Venture Global LNG Inc. expects to begin production at its second liquefied natural gas export facility in Louisiana in mid-2024, further cementing to the US as the world’s biggest supplier of the super-chilled fuel. The Arlington, Virgina-based …

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Turkey in Talks with ExxonMobil Over Multibillion-Dollar LNG Deal, FT Reports

CDN and International News, Conventional Energy, Latest, LNG / By

Turkey is in talks with US energy giant ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas, in an effort to curb its dependence on Russian energy, the Financial Times reported on Sunday. The country is seeking to build a “new supply portfolio” that will make it less reliant on any single partner, Turkey’s …

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Top Tellurian Executives Poised for Big Payday if LNG Plant Goes Ahead

Conventional Energy, Latest, LNG, US News / By

Top executives of U.S. liquefied natural gas developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold, a proxy filing released on Thursday showed. Tellurian had previously said that it was looking at all options, including a potential sale, to …

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As Demand for U.S. LNG Booms, One Plant Struggles to Stay Online

Conventional Energy, Latest, LNG, US News / By

The second-largest U.S. liquefied natural gas (LNG) export facility has been running below 80% of its capacity due to technical problems, data from financial firm LSEG showed, denting U.S. exports. Since Jan. 15, Freeport LNG’s Quintana, Texas, liquefaction plant has been operating without at least one of its three gas-processing trains. In the last two …

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First Tanker in 12 Days sets sail from Freeport LNG in Texas

Conventional Energy, Latest, LNG, US News / By

The first tanker in 12 days set sail from Freeport LNG’s Texas export terminal on Tuesday, signaling the resumption of gas processing after an outage this month. Freeport LNG, one of the largest U.S. liquefied natural gas export facilities, has suffered several outages this year with all processing units recently out of service, pressuring U.S. …

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