Energy News Beat Data from China’s General Administration of Customs shows that the country received 76.65 million tonnes in 2024. This compares to 71.32 million tonnes in 2023, which marked a rise of 12.6 percent year-on-year. LNG imports in 2024 were lower than 78.93 million tonnes in 2021, which marked a new record high due […]
Energy News Beat This compares to 81.1 Mtpa in 2023, and the previous record of 81.3 Mt shipped during 2022, EnergyQuest said in a new report. The US, Australia, and Qatar are the world’s top three largest LNG exporters. The consultancy said that the 2024 LNG revenue of $67.7 billion was less than the record […]
Energy News Beat Samsung Heavy said on Monday that it will build the LNG carrier for an unidentified owner in Oceania. The shipbuilder will deliver the LNG carrier by June 2027. The order has a price tag of 379.6 billion won or about $261 million. Samsung Heavy did not provide any additional information regarding the […]
Energy News Beat In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share. The implied enterprise value is about $1.2 billion. Woodside also renamed Tellurian’s Driftwood LNG project Woodside Louisiana LNG. Last month, Woodside signed a revised engineering, procurement, and construction (EPC) contract with US engineering […]
Energy News Beat Venture Global’s 174,000-cbm newbuild carrier, Venture Gator, was on Monday anchored in the North Sea, offshore Wilhelmshaven and Brunsbüttel, where DET’s FSRU-based facilities are located, its AIS data provided by VesselsValue shows. The data shows that the vessel is expected to deliver the shipment to Brunsbüttel, the home of the 170,000-cbm FSRU […]
Energy News Beat Brent up 1.3%, WTI adds 1.7% in the week Concerns about more supply disruptions as Trump returns to power Potential halt to Houthi attacks on shipping in focus after Gaza ceasefire deal US oil rig count falls by two HOUSTON, Jan 17 (Reuters) – Oil prices settled lower on Friday but notched […]
Energy News Beat HOUSTON, Jan. 15, 2025 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced that the Katmai West #2 well located in the Ewing Bank area of the U.S Gulf of Mexico successfully encountered commercial quantities of oil and natural gas. (PRNewsfoto/Talos Energy) Key Highlights The Katmai West #2 well was drilled significantly under […]
Energy News Beat US shale producers are focused on capital discipline and shareholder returns, limiting the impact of Trump’s pro-oil policies. Increased Permian rig activity is unlikely to significantly boost oil production due to inventory depletion and efficiency concerns. The US is already on track to meet Bessent’s 3-3-3 hydrocarbon production target without policy changes, […]
Energy News Beat By Julian Lee, Serene Cheong and Alex Longley (Bloomberg) — The most aggressive Western sanctions imposed on Russia’s oil sector since Moscow’s 2022 invasion of Ukraine threaten to disrupt global supply as buyers — led by China and India — scour the Middle East for alternative suppliers. Some estimates suggest the measures could halve […]
Energy News Beat [[{“value”:” Hungarian PM has accused Kiev and Washington of jeopardizing energy security across Europe Ukraine’s decision to block gas transit and the outgoing White House administration’s latest sanctions on Russian oil are driving Europe toward a new energy crisis, Hungarian Prime Minister Viktor Orban warned. Orban made the remarks on Saturday in […]
