U.s. Grows Its Leads In Natural Gas Production And Lng Exports
This article discusses key insights from the 2024 Global Energy Review, highlighting trends in natural gas production, consumption, and market shifts, with the U.S. leading in LNG exports.
Germany’s Hydrogen Import Strategy Being Criticized By Industry Groups
Germany has one of the most wide-spanning plans in its mission to replace coal – first with natural gas to cut emissions quickly and then with hydrogen.
How Hurricanes Can Impact The Energy Sector
Hurricanes represent a risk to energy assets along the Gulf Coast, given the potential for property damage and operational interruptions. With Colorado State University predicting an extremely active hurricane season and recently raising its forecast for the number of named storms expected in 2024, this note reviews how hurricanes can impact the energy sector - upstream, midstream, and downstream. Hurricanes and severe storms in the Gulf of Mexico (GOM) can interrupt production activities at offshore platforms. Typically, producers will evacuate platforms and shut in production ahead of a major weather event.
New Economy Groundwork: The U.s. Future Is Also An Energy Future
In June, an energy presentation at the inaugural Seeking Alpha investing summit offered a platform on which to crystallize my investment theses. This work seems to never end, with new investment themes added in the last couple of years even. Of late, a broad sweep of energy has been a primary focus - oil and gas, but also energy infrastructure and new infrastructure such as advanced manufacturing and decarbonization plays. I’m looking at what's happening across the board, both what's changing and staying the same.
Saudi Arabia Eyes $100bn Bet On Shale Gas Revolution At Home - Nikkei Asia
HOUSTON, Texas/DUBAI -- Saudi Arabia, the world's largest crude oil exporter, plans to invest more than $100 billion to become the world's third-largest shale gas producer after the U.S. and Russia as its economy braces for a decarbonized society. Crucial to Riyadh's plans is the Jafurah gas field in the country's east. It is the largest shale gas field in the Middle East with confirmed reserves of 229 trillion cubic feet, equivalent to about 70 years of Japan's liquid natural gas imports. Shale gas is natural gas extracted from shale rock formations.
Woodside Energy To Buy Driftwood Lng Developer Tellurian In $1.2B Deal (nyse:tell)
Woodside Energy (WDS) said late Sunday it agreed to acquire liquefied natural gas developer Tellurian (NYSE:TELL) for $1.2B in cash, including debt. Woodside (WDS) said the acquisition of Tellurian (TELL), the developer of the 27.6M metric tons/year Driftwood LNG export project in Lake Charles, Louisiana, positions it to be "a global LNG powerhouse." Driftwood LNG's development is fully permitted, and recently received an extension of its Federal Energy Regulatory Commission authorization; construction has started, with pilings for Trains 1 and 2 complete, foundation work in progress and pilings underway for the LNG tanks.
Exxonmobil To Transfer Operations Of Assets Of 2 Production-sharing Contracts In Malaysia To Petronas | The Straits Times
ExxonMobil reportedly has been trying to sell its ageing upstream assets in Malaysia since 2020.:
SINGAPORE – ExxonMobil Corporation intends to transfer the operations of all assets of two production-sharing contracts in Malaysia to state energy company Petronas, ExxonMobil said on July 20. Reuters had reported on July 19 that ExxonMobil had agreed to sell its Malaysian oil and gas assets to Petronas, citing two people with direct knowledge of the matter.
Exxonmobil To Sell Malaysia Oil And Gas Assets To Petronas, Sources Say | South China Morning Post
The US major, which last year marked its 130th year in Malaysia, has been trying to sell its ageing upstream assets in the country since 2020.
Biden Admin Inks $12.6B Deal With Blue State For Massive New Green Energy Hub | The Daily Caller
Critics question the feasibility of "clean" hydrogen projects. :
The U.S. Department of Energy (DOE) signed a $12.6 billion agreement to build a “clean,” “renewable” hydrogen hub in California on Wednesday, according to a press release from Democratic California Gov. Gavin Newsom. In a first-of-its-kind deal, the DOE agreed to provide $1.2 billion to the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) under the Bipartisan Infrastructure Law, with the remaining $11.4 billion coming from public and private matching funds, according to press releases from ARCHES and Newsom’s office.
Energy Transfer Closes Acquisition Of Wtg Midstream
The acquired assets add approximately 6,000 miles of complementary gas gathering pipelines that extend Energy Transfer's network in the Midland Basin.