Shell and Trinidad's NGC have agreed on Aphrodite supply terms, clearing the way for the project
Shell, a British energy company, and Trinidad and Tobago’s National Gas Company (NGC) have reached an agreement on terms for natural gas supply from Shell’s Aphrodite Field, ending the pricing dispute that had delayed this project. NGC Chairman Gerald Ramdeen said Wednesday.
Israeli Energy Ministry Plans to Boost Natural Gas Output
Israel's Energy Ministry said on Thursday it plans to expand natural gas production that would boost competition within Israel and increase exports.An inter-ministerial committee headed by the ministry issued final recommendations aimed at the need to raise natural gas output to meet domestic needs, enco
Iran says US energy companies are exposed and vows to respond if they are attacked by Iran
Iran warned on Monday that it would retaliate if the United States launched any more attacks against its assets. It said that the energy supply chain in the region was "sprawling and accessible" and that U.S. companies operating there were also exposed.
Schedule for US Energy Data in Holiday Week
Labor Day, which falls on Monday Sept. 7, will affect the release of certain?major data in the energy sector scheduled for the month of September. 6 week. The schedule for the release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory for the Week is below. WEEK OF SEPT.
Bangladesh Seeks US LNG Amidst Global Supply Disruptions
Bangladesh is turning to the United States for a long-term liquefied natural gas supply deal as it seeks to shore up energy supplies amid disruptions in global gas markets caused by the U.S.-Israeli conflict with Iran.The government on Wednesday…
CORRECTED - BP sells 20% stake in Manakin Gas Field to Trinidad's NGC
BP 'has agreed to sell a 20% stake in a block containing the Trinidad portion in the Cocuina Manakin natural-gas field across the border to the state-owned National Gas Company of Trinidad, the company announced on Monday via email. BP reported that BP and NGC had signed the agreement on?Monday.
BP sells 20% stake in Manakin Gas Field to Trinidad's NGC
BP announced on Monday that it had agreed to sell a 20 percent stake to the state-owned National Gas Company of Trinidad in a block containing the Trinidad portion the Cocuina Manakin natural 'gas field. BP reported that the NGC and BP signed the agreement on Monday.
Argent LNG, Naftogaz to Explore US LNG Supply
Argent LNG and Ukraine's state energy company Naftogaz Group have signed a memorandum of understanding to explore long-term U.S. liquefied natural gas supply, transport and distribution cooperation, the companies said on Wednesday.The MoU covers…
EIA: US natgas production and demand will reach record highs by 2026
The U.S. Energy Information Administration said in its "Short-Term Energy Outlook" on Tuesday that the U.S. Natural Gas Supply & Demand will reach'record highs by 2026. The EIA?projected that dry gas production would rise from a record of 107.7 bcfd per day in 2020 to 111.2 bcfd by 2026…
Canacol gas restrictions force Colombia's Cerro Matoso ironickel mine to reduce output
On Wednesday, Colombia's Cerro Matoso Ferronickel Mine announced that it would be cutting operations by 25 percent after Canacol Energy, of Canada, reduced the 'natural gas supply' to the plant. This threatened jobs, supplier contracts, and fiscal payments.
EU to waive penalties on oil and gas companies that violate methane laws for three years
A draft document seen by revealed that the European Union would ask its member states to waive penalties for three years on oil and gas companies who 'breach their methane emission law' in response to disruptions to energy supplies caused by the Iran War.
Sources say that Trinidad's Atlantic LNG has shut down its processing unit to perform maintenance.
Gerald Ramdeen, the Chairman of the National Gas Company of Trinidad and Tobago (NGC) and two other people familiar with the operation, said that the flagship?LNG?facility of Trinidad and Tobago shut down its Train 4 processing unit for planned maintenance on Tuesday.
US gas exporters request to delay EU methane regulations until 2028
A top official from the 'national suppliers' group said that the U.S. gas industry is asking Europe to delay enforcement of the new law on methane emissions until 2028. He warned the regulatory risk was already holding back long-term agreements with European customers.
Tenaris warns that the Middle East conflict will affect second-quarter sales
Tenaris, an Italian steel pipe manufacturer, warned late on Wednesday it expected its second-quarter sales to be affected by lower shipments in the Middle East because of the conflict. The U.S. and Israel war against Iran has resulted in a blockade of Strait of Hormuz.
Oil Prices Fall 3% As Ship Passes Through Hormuz, US-Iran Ceasefire Holds
Oil prices fell about 3% on Tuesday with at least one vessel passing through the Strait of Hormuz after the United States said the ceasefire with Iran remained in place despite exchanges of fire between the U.S. and Iran following a U.S. effort…
Expand Energy raises its annual production and capex forecasts due to higher natgas price
Expand Energy, the U.S. natural-gas producer, beat Wall Street's estimates for its first-quarter profits on Tuesday and increased its outlook for capital spending and production?for 2026. It cited a combination of?stronger commodities prices and higher output. U.S.
Russell: The war between Iran and the ROI is both a boon and a danger to Australia's LNG.
The U.S.-Israeli war against Iran changed the global market of?liquefied gas (LNG), giving a boost to the producers outside the Middle East. This boost will likely last for many years after the conflict ends. Australia is one of the biggest beneficiaries…
LNG Canada increases production as Iran's war threatens global supplies
LNG Canada, a Shell venture, increased production?and exported to Asia in this month. LSEG data shows that the Iran 'war' threatens Asian natural gas supply, which is particularly vulnerable to disruptions on a global scale. Data shows that the…
The European market is seeking clarity about Qatari LNG supplies, which has led to a reduction in prices.
The Dutch and British gas price were lower on Wednesday, after rising earlier in the week. However, they could still be volatile, as traders try to gauge how long Qatari LNG supply will remain interrupted. Data from Intercontinental Exchange (ICE)…
Iraq Cuts Oil Output With Possible Further Reductions
Iraq has cut oil production by nearly 1.5 million barrels a day and those cuts could widen to more than 3 million bpd within days as the country runs out of storage and cannot export crude due to the Iran crisis, two Iraqi oil officials told Reuters on Tuesday.As of Tuesday, Iraq has cut production from