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Carney Woos Investors With Data Centers, Mines and LNG Deals

By Thomas Seal, Brian Platt, and Christine Dobby Canada plans to show some of the world’s biggest investors a pitchbook laying out tens of billions of dollars’ worth of projects spanning data centers, advanced manufacturing, liquefied natural gas, ports and dozens of mines. A document seen by Bloomberg News features 167 projects intended to be …

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Why is the Bab el-Mandeb Strait so Important?

(Reuters) – The Iran-backed Houthis are seeking to control the whole Yemeni Red Sea coast, which would further consolidate their leverage over the Bab el-Mandeb Strait — one of the busiest and most contested global maritime chokepoints. The militant group has already declared a naval blockade against Saudi Arabia, the world’s largest oil exporter, and …

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Where Global Gas and LNG Infrastructure is Growing: Maguire

(Reuters) – Natural gas and LNG have emerged as the fossil fuel industry’s most important growth markets as demand for oil and coal comes under mounting pressure from electrification, efficiency gains and climate policies. Governments and utilities are increasingly turning to gas to support rising electricity demand and provide reliable power alongside expanding renewable energy …

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Trump Says US Has ‘Total Control’ Over Strait of Hormuz

(Reuters) – U.S. President Donald Trump on Wednesday said the United States in is control of the Strait of Hormuz. “The U.S.A. has total control over the Strait of Hormuz. I THINK WE WILL KEEP IT! Our Naval Blockade is being called, by everyone, “A WALL OF STEEL,” and there is nothing Iran can do …

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Venture Global Misses Quarterly Estimates as Lower LNG prices, Higher Costs Weigh

  (Reuters) – Venture Global missed analysts’ estimates for quarterly revenue and adjusted core profit on Tuesday, as lower LNG prices at its Calcasieu ​Pass facility and higher operating and borrowing costs offset ‌stronger sales volumes from its Plaquemines project. Shares of the LNG company fell about 7% in premarket trading. Venture Global reported second-quarter adjusted …

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Adnoc Gas Exploring New LNG Export Plant to Avoid Hormuz

By Anthony Di Paola and Abeer Abu Omar Adnoc Gas Plc is considering a new liquefied natural gas export facility outside the contested Strait of Hormuz, Abu Dhabi’s latest move to build infrastructure bypassing the critical waterway that’s been severely disrupted by the Iran war. The company, a unit of the United Arab Emirates’ biggest …

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Bypass the Strait of Hormuz? Why That’s Not So Easy

By Rakteem Katakey, Paul Burkhardt, Mark Burton, and Yuliya Fedorinova Since the start of the Iran war, Iranian attacks on vessels in the Strait of Hormuz and a US blockade on Iran’s ports have slowed the flow of energy exports and other commodities from the Middle East. Even if diplomatic efforts succeed in restoring normal …

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RWE, Trump Administration Reach $1.22 Billion Agreement to Cancel Offshore Wind Leases

By Nichola Groom RWE will shift investment to gas projects, including Louisiana LNG and US gas power plants Deal is Trump administration’s fifth offshore wind lease cancellation agreement this year RWE had stopped work on US offshore wind last year, citing Trump administration moves against industry Aug 6 (Reuters) – German energy company RWE (RWEG.DE) …

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Seaspan Energy Opportunities are Multiplying With Commercial Shipping’s Quest for Lower-Carbon Fuel Alternatives

Canada’s West Coast could house a major transpacific liquefied natural gas bunkering hub if government policy consistently promotes audacious private sector ambitions By Timothy Renshaw The Seaspan Garibaldi refueling a dual-fuel container ship with liquefied natural gas. | Photo from Seaspan B.C. as an alternative energy fuelling hub for transpacific maritime shipping? Another flight of …

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Japex to Buy US Tight Oil and Gas Assets for $320 Million

(Reuters) – Japan Petroleum Exploration said on Thursday it will acquire all equity interests in four Fundare companies holding tight oil and gas assets in Colorado and Wyoming for about $320 million. The acquisition, expected to close in the October-December quarter, follows the purchase of adjacent Verdad Resources assets in February and is expected to …

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