Downstream

This post was originally published on this siteSummary US says talks in Qatar could reach Gaza ceasefire agreement Russia attacks Ukrainian energy infrastructure overnight Speculators raise U.S. crude oil net longs-CFTC US oil rig counts falls by one to 509 this week, Baker Hughes says (Reuters) – Oil prices slipped on Friday and were flat […]

This post was originally published on this siteWhite House pause on new permits threw sector into disarray Ban will ‘annihilate critical jobs’: Texas attorney general Texas, Louisiana and more than a dozen other US states challenged the Biden administration’s suspension of new licenses to export natural gas via ocean-going tankers. A lawsuit filed against President Joe Biden and the US

This post was originally published on this siteProduction at TotalEnergies’ 238,000-barrel-per-day (bpd) Port Arthur, Texas refinery was reduced and the small crude distillation unit (CDU) shut following a fire on Friday morning, said people familiar with plant operations. The fire broke out at about 4:30 a.m. CDT (0930 GMT) in the naphtha and aromatics processing

This post was originally published on this site Sixteen Republican-led states on Thursday filed a lawsuit to challenge the federal government’s ban on approving applications to export LNG, saying the federal government lacks the authority to broadly deny those permits.

This post was originally published on this site Exxon Mobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 million tons per annum by 2030 and will focus on selling its own gas rather than trading that of third parties, the company’s LNG chief said.

This post was originally published on this siteEnergy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new liquefied natural gas (LNG) plants to lift demand – and prices – for the fuel. Natural gas prices have fallen by one-third this year, undercut by a warmer winter,

This post was originally published on this siteU.S. natural gas futures eased about 1% to a three-week low on Thursday on forecasts for milder weather over the next two weeks than previously expected, ample gas in storage and expectations gas flows to liquefied natural gas (LNG) export plants would remain low through May due to

This post was originally published on this site(Reuters) – Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream energy company MPLX LP  for about $625 million in cash. The Marcellus and Utica shale, spread across Pennsylvania, West Virginia and Ohio, are among the regions where U.S. drillers

This post was originally published on this siteGlobal oil consumption is outpacing expectations this year Oil executives gathered in Houston confident on demand outlook The world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how soon global consumption will peak. The unabated thirst for crude contributed

This post was originally published on this site(Reuters) – Mexican state energy company Pemex put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure. Methane, the main component of natural gas, is a much