Downstream

This post was originally published on this site TotalEnergies has announced the signing of two new liquefied natural gas (LNG) contracts in Asia, as part of its strategy to expand its LNG business.

This post was originally published on this site Oil giant Aramco is in talks with U.S. firms Tellurian and NextDecade on two separate LNG projects as the Saudi firm seeks to boost its gas trading and production, three sources close to the talks told Reuters.

This post was originally published on this siteChevron has resumed full liquefied natural gas (LNG) production at its Gorgon Gas facility in Australia after a temporary outage on June 3, a spokesperson said on Tuesday. “The outage was caused by a minor fault that was safely resolved and production has resumed,” the spokesperson said. This

This post was originally published on this site(Reuters) – Countries’ climate plans are not yet in line with a goal to triple renewable energy capacity worldwide by 2030 which was set at the COP28 climate summit in Dubai last year, a report by the International Energy Agency (IEA) said on Tuesday. WHY IT’S IMPORTANT The

This post was originally published on this siteHOUSTON , June 04, 2024 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) and BHE Renewables, a wholly owned subsidiary of Berkshire Hathaway Energy, today announced they formed a joint venture for the demonstration and deployment of TerraLithium’s Direct Lithium Extraction (DLE) and associated technologies to extract and commercially produce

This post was originally published on this siteU.S. spot natural gas prices at the Henry Hub benchmark in Louisiana fell to a four-year low in May, according to data from financial firm LSEG. Gas prices averaged $2.12 per million British thermal units (mmBtu) in May, their lowest since falling to a 25-year low of $1.75

This post was originally published on this siteThe U.S. is buying another 3 million barrels of oil for the country’s Strategic Petroleum Reserve, the Department of Energy said on Monday, as it slowly replenishes the stockpile after the largest sale ever in 2022. The oil, which is for delivery to the SPR in November, is

This post was originally published on this siteSummary OPEC+ to ease cuts for 8 members from October Brent on track for first 5-day losing streak since 2023 Demand “likely to be crucial” – Commerzbank (Reuters) – Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this

This post was originally published on this siteU.S. exports of liquefied natural gas (LNG) rebounded in May as Freeport LNG, the country’s second-largest exporter of the superchilled gas, returned to full production and as more supplies flowed to Asia, preliminary data from LSEG showed. The U.S. is the world’s largest exporter of LNG and a

This post was originally published on this site U.S. exports of LNG rebounded in May as Freeport LNG, the country’s second-largest exporter of the superchilled gas, returned to full production and as more supplies flowed to Asia, preliminary data from LSEG showed.