Shale Oil & Gas

Trinidad and Tobago Increases LNG Production in May at Atlantic Facility

Exports of liquefied natural gas from Trinidad and Tobago's flagship Atlantic LNG export facility increased by 43% in May compared to April, according to LSEG preliminary ship tracking data.Trinidad is Latin America's largest LNG exporter and its flagship plant, Atlantic LNG, is jointly owned by Shell and BP with a capacity to produce 12 million me
Exxon Signs Agreement With Azeri SOCAR to Explore Oil Production

Exxon Mobil and Azeri state energy company SOCAR said on Monday they signed a deal agreeing to explore onshore oil and gas production in Azerbaijan, while BP is expected to buy into new Azeri offshore fields, according to three sources.Azerbaijan's production mainly relies on mature…
Shell to Add Up to 12 million Tons of LNG Capacity by 2030

Shell, the world's largest trader of liquefied natural gas, will add up to 12 million metric tons of additional capacity between now and the end of the decade from projects under construction, a top executive said on Wednesday."(There is) up to 12 million tons of additional (LNG) capacity that we're adding between now and the end of the decade…

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Exploration

Glencore has halted certain cobalt exports due to the Congo export ban

Three sources familiar with the situation said that Glencore declared force majore on certain deliveries of cobalt from the Democratic Republic of Congo, days after the government had suspended exports of battery material. In February, Congo, the largest cobalt-producing country in the world, introduced a ban of four months on all exports. The move was made to reduce a glut in supply that had pushed prices down to their lowest levels in nine years and reduced tax revenue.

Drilling

White House aide: US Energy Loan Office should fund oil and gas

A White House aide stated on Tuesday that the U.S. Energy Department loan office should finance oil and gas infrastructure. Jarrod Agen said, "One of our biggest problems is that the loan program office was used in the past for many of these renewable energy projects" at a Politico Energy conference. Thanks to the legislation that was passed during Joe Biden's term, the Loan Programs Office has grown rapidly and now has hundreds of millions of dollars of loan and guarantee capacity.

Production

Shell to Add Up to 12 million Tons of LNG Capacity by 2030

Shell, the world's largest trader of liquefied natural gas, will add up to 12 million metric tons of additional capacity between now and the end of the decade from projects under construction, a top executive said on Wednesday."(There is) up to 12 million tons of additional (LNG) capacity that we're adding between now and the end of the decade," Cederic Cremers, Shell's president of integrated gas…

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