In a dramatic turnaround amid California’s escalating energy crunch, state legislators are reportedly negotiating to hand over hundreds of millions of dollars to Valero Energy Corp. to prevent the shutdown of its Benicia refinery in the San Francisco Bay Area. The facility, which processes 145,000 barrels per day, was slated to cease operations by April […]
The agreement establishes a framework for long-term collaboration that will leverage Argent LNG’s US export capacity and EPIAS’s role as Turkiye’s central energy trading platform, according to a statement sent to LNG Prime. The deal was signed on Tuesday during the Gastech exhibition and conference, currently being held in Milan, Italy. Together, the parties aim […]
Under the HoA, TotalEnergies will deliver 1 million tons of LNG per year over a 10-year period starting from the end of 2027, according to TotalEnergies. Awarded to TotalEnergies by Kogas following an international tender, this contract increases to 3 Mt per year from 2028 onward the volume of LNG supplied by TotalEnergies to KOGAS, […]
NextDecade said late on Tuesday that it has closed financial transactions to fully fund Train 4 and related infrastructure, and issued a full notice to proceed to Bechtel for the unit. Train 4 has expected LNG production capacity of approximately 6 mtpa, bringing the total expected LNG production capacity under construction at Rio Grande LNG […]
Anglo American Global mining group Anglo American and Canadian miner Teck Resources have agreed to merge in a deal that will create one of the world’s largest copper producers with a combined market value of over $53bn. The combined group, to be named Anglo Teck, will rank among the top five copper players globally, with […]
Under the sales and purchase agreement, ConocoPhillips will purchase 1 million tonnes per annum (mtpa) of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, according to statements by NextDecade and ConocoPhillips. The deal remains subject to NextDecade making a positive final investment decision (FID) on Train […]
In a bold escalation of the ongoing conflict, Ukrainian forces have targeted key Russian energy infrastructure, striking multiple oil and gas pipelines in a 24-hour blitz. These attacks, confirmed by Ukrainian military intelligence, have crippled vital supply lines that fuel both Russia’s military operations and its domestic economy. As the war drags on into its […]
In a rapidly evolving energy landscape, natural gas companies are facing an era of heightened price swings, according to Expand Energy CEO Nick Dell’Osso. Speaking on the challenges ahead, Dell’Osso emphasized the need for agile strategies, stating, “Successful drilling companies will need a strategy to quickly dial up or down their production.” This warning comes […]
ENB Pub Note: We have recommended against trying to take a hammer to get Putin to the table. It takes two to negotiate, and it appears that Zelensky, the UK, and the EU are willing to prolong the war. President Trump is correct not to add more sanctions if the UK and the EU won’t […]
Finance and Insurance Geopolitical conflicts and shifting trade patterns are redefining risks and opportunities for the marine insurance sector. Opening this year’s International Union of Marine Insurance (IUMI) conference in Singapore, IUMI president Frédéric Denèfle warned that marine insurers are facing significant change as the world approaches the end of an era of seamless globalisation. […]
