Freeport LNG Still Not at 100%, Asks FERC to Approve Full Restart

This post was originally published on this siteFreeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see Explosion Rocks Freeport LNG Export Plant – Offline for 3 Weeks). What was originally thought to be a three-week outage lasted for ten months! The plant finally returned online […]

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Frontline to acquire 24 VLCCs from Euronav for $2.35 billion as part of talks to end ‘structural deadlock’

This post was originally published on this siteBelgian tanker major Euronav NV confirmed the recent flurry of speculations engulfing discussions between […] The post Frontline to acquire 24 VLCCs from Euronav for $2.35 billion as part of talks to end ‘structural deadlock’ appeared first on Offshore Energy.

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Trafigura Secures U.S.-Backed Credit Line for LNG Exports

This post was originally published on this siteTrafigura Group Pte. Ltd. has secured a $400 million credit line insured by the U.S. Export-Import Bank to move more LNG to Europe. The global commodities trader said the two revolving credit facilities would be “used exclusively” to deliver U.S. liquefied natural gas to “customers primarily in Europe.”

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BP-led Archaea Expands U.S. RNG Volumes with Start-Up of Indiana Facility

This post was originally published on this siteA renewable natural gas (RNG) plant in Indiana, able to process 3,200 cubic feet/minute of landfill gas, has begun operations, according to BP plc-led Archaea Energy. The RNG facility in Medora, sited by a landfill owned by Rumpke Waste and Recycling, is the first to come online since

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Civitas Deepens Permian Basin Presence, Snaps Up Vencer Energy Assets

This post was originally published on this siteDenver-based Civitas Resources Inc. is taking on more upstream acreage in the Permian Basin. In a $2.1 billion transaction, Civitas signed an agreement with Vitol Inc. subsidiary Vencer Energy LLC to add some 44,000 net acres in the Midland Basin in West Texas. The assets have current production

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With ‘Relatively Bullish’ EIA Print on Tap, Natural Gas Futures Continue to Test $3 Level Early

This post was originally published on this siteAs traders looked ahead to a potentially supportive surplus-trimming government inventory report, natural gas futures probed above the $3.000/MMBtu level early Thursday. The November Nymex contract was up 5.5 cents to $3.017 at around 8:50 a.m. ET. December was up 4.9 cents to $3.369. Estimates have the U.S.

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