US Energy Secretary: There are many opportunities for mutually beneficial energy trade with China
Chris Wright, the U.S. Energy secretary, said that there are many opportunities for a "win/win" energy trade between China & the United States. Donald Trump, the U.S. president and Xi Jinping, the Chinese president…
PetroChina's net profit for the third quarter is down 3.9% on an annual basis
PetroChina Co Ltd, Asia's biggest oil and gas producer, reported on Thursday that its third quarter net profit fell 3.9% from the previous year due to lower crude oil prices. However, it continued…
Expand Energy, a Natgas producer, posts a quarterly profit as production surges
Expand Energy, the U.S. natural-gas producer, reported a profit on Tuesday for the third quarter, compared to a loss a year ago, due to increased production and higher commodity prices. The average U.S.
The European Court of Human Rights rejects the climate case against Norway Oil
The European Court of Human Rights ruled on Tuesday in favor of the Norwegian Government in a case brought by young activists for climate change who claimed that the country's Arctic oil exploration policy had put their future in danger.
How Canada's Haisla become the first Indigenous LNG owner in the world
Maureen Nyce wore a hardhat and a safety vest during an August visit to Cedar LNG's pipeline site, not as a dignitary visiting or cultural emissary, but as the owner. Haisla, who have lived on Canada's Northwest Coast for over 9…
Strathcona, a Canadian company, wants to increase its stake in MEG Energy and opposes Cenovus' bid
Strathcona Resources, a Canadian oil and natural gas producer, announced on Thursday that it would buy an additional 5% of rival MEG Energy. It also said that they will vote against Cenovus Energy's acquisition of MEG.
Minister says Canada's LNG attracts German interest in market swaps
German companies want to swap Canadian LNG cargos off the Pacific Coast to meet European demand. Canada's Minister of Energy and Natural Resources Tim Hodson announced this on Wednesday. Canada…
Germany Looks to Meet European Demand with Canadian LNG
German companies are looking to buy and swap Canadian LNG cargoes shipped off the Pacific coast to help meet European demand, Canada's Energy and Natural Resources Minister Tim Hodgson said on Wednesday.Canada…
Increasing US LNG Exports to Catalyze Shale Production Growth
U.S. liquefied natural gas exports will soar by roughly 10% a year through 2030 as energy firms double their LNG production capacity, according to analysts, providing a shot in the arm to the country's…
Aramco signs an $11 billion Jafurah agreement with BlackRock-led consortium
Saudi Aramco announced on Thursday that it had signed a $11 billion lease-and-leaseback agreement with Global Infrastructure Partners, a part of BlackRock. The consortium was led by Global Infrastructure Partners.
Sempra Infrastructure to Supply LNG to JERA in 20-Year Deal
Sempra Infrastructure, a unit of U.S. energy company Sempra, will supply 1.5 million tonnes of liquefied natural gas (LNG) per year to Japan's biggest power generator JERA in a 20-year deal, it…
Expand Energy, a US-based natgas producer, reports a second-quarter profit despite higher prices and output.
Expand Energy, the U.S. natural-gas producer, reported a profit for its second quarter on Tuesday. This was compared to a loss in the same period last year, due to higher production and commodity prices.
Australia's Santos signs LNG deal with QatarEnergy unit
Santos, an Australian oil and natural gas producer, announced on Friday that it had signed a long-term contract for the supply of liquefied gas with QatarEnergy Trading. This is a unit owned by…
US energy company EQT settles lawsuit for $167.5 Million
According to a filing made by plaintiffs in federal court on Thursday, U.S. Energy Company EQT has agreed to pay $167.5 Million to settle a lawsuit brought by investors who alleged that EQT had…
Strathcona backs MEG's alternative strategic process after C$6 billion rejected bid
Strathcona, a Canadian oil and natural gas producer, said it supported MEG Energy’s decision on Friday to explore strategic alternatives and initiate a strategic alternative process after MEG Energy…
NextDecade, JERA Sign 20-Year LNG Supply Deal
U.S. liquefied natural gas producer NextDecade said on Thursday it had signed a 20-year deal to supply Japan's biggest power generator JERA with 2 million tonnes per annum of LNG from its Rio Grande…
Expand Energy exceeds its quarterly profit expectations and expects minimal tariff impact
Expand Energy, the top U.S. producer of natural gas, beat analysts' expectations for first-quarter profits on Tuesday. This was due to higher natural gas production and prices, as well as a signal…
Aramco signs MoUs for 6.2 Million Tons of LNG with NextDecade and Sempra
Saudi Aramco, the oil giant, will sign memorandums of understanding on Tuesday with NextDecade, a U.S. natural gas producer, and Sempra, a utility firm, according to Aramco’s CEO. The move comes as Aramco expands its LNG market.
Woodside targets a further 20%-30% saledown of the $17.5 billion Louisiana LNG Project
Woodside Energy is Australia's largest natural gas producer. It said Tuesday that it will seek to sell an additional 20%-30% stake of Louisiana LNG. Interest in the $17.5billion project has grown since its approval last week.
Harbour Energy will cut its UK workforce by 25 percent, the company claims
In a Wednesday statement, Harbour Energy announced that it would be cutting 250 jobs at its UK-based unit in Aberdeen. This represents approximately 25% of their workforce. Harbour, Britain's largest North Sea oil and natural gas producer…