Fugro is confident that it will achieve its revenue growth target of 2024 as the wind and LNG markets stabilize.
The CEO of Dutch geological data specialist Fugro said that the company is confident in meeting its target of mid-single-digit revenue growth for full-year, as it anticipates the wind energy and LNG market to stabilize after next week's U.S. elections. Fugro shares fell up to 21.3% Friday, after the company announced a 21% drop in revenue for the Americas due to the postponement offshore wind…
Chevron CEO criticizes Biden's natural-gas policies and says fuel is essential for AI
Michael Wirth, CEO of Chevron, criticized U.S. president Joe Biden on Tuesday for "attacks" on the natural-gas industry. He also emphasized the critical role that Permian gas plays in accelerating the growth of artificial intelligence. The CEO's comments followed new plans by the government to ensure that power-hungry AI centers do not undermine U.S. Climate Goals. The…
Woodside Energy CEO: We are in discussions with potential partners about Driftwood LNG
Woodside Energy CEO Meg O'Neill announced on Monday that the company is in talks with U.S. onshore gas producers, pipelines and companies who share its views and outlook on liquefied gas for its Driftwood LNG Project. O'Neill, speaking at an investor's conference in New York said that U.S. producers of gas were frustrated by the lower Henry Hub price for gas which is then converted into LNG and sold to higher global prices.
U.S. FERC Approves Two New LNG Export Terminals
The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved construction of two proposed liquefied natural gas (LNG) export terminals, Tellurian Inc's Driftwood in Louisiana and Sempra Energy's Port Arthur in Texas.Tellurian said in a release it planned to make a final investment decision on its $30 billion Driftwood project, which includes pipelines and production fields in addition to the liquefaction plant…
Senate Panel Ponders Expedited LNG Export Reviews
U.S. lawmakers on the Senate Energy Committee will vote on a bill this week aimed at speeding up the Department of Energy's review of liquefied natural gas export applications. The panel will weigh a bill introduced by Senator John Hoeven, Republican of North Dakota, over the summer that would require the DOE to issue a decision on gas export projects within 45 days after companies have filed an application with the Federal Energy Regulatory Commission.
MARAD Seeks Comments on Proposed Policy for Deepwater Export Applications
The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction and operation of offshore deepwater export facilities. The agency is proposing to use the existing Deepwater Port License regulations, found in 33 CFR Parts 148, 149 and 150, for such purposes. However, due to the considerable technical…
US Bill Passed to Speed up LNG Export Decisions
The U.S. House of Representatives on Wednesday approved legislation that would set a deadline for Energy Department reviews of liquefied natural gas export applications, in a move aimed at securing swifter approvals for shipping gas overseas. The legislation, mostly backed by Republicans, would require the department to issue a decision 30 days after the Federal Energy Regulatory Commission has completed its environmental analysis of an LNG export project.
US Senate Democrats Press For Speedier LNG Export Permits
The Obama administration must speed up approvals of liquefied natural gas exports to help boost global supplies and help U.S. allies, five Senate Democrats said on Friday. The lawmakers, all from natural gas-producing states, urged the Energy Department to place additional weight on national security matters in its review of LNG export applications. The Democrats said…
House LNG Export Bill Advances
The Subcommittee on Energy and Power today approved H.R. 6, the Domestic Prosperity and Global Freedom Act, by a vote of 15 to 11. Authored by Rep. Cory Gardner (R-Colo.), the legislation would cut through the red tape blocking exports of U.S. liquefied natural gas (LNG). H.R. 6 grants immediate approval of complete export applications currently filed with the Department…
US LNG Export Bill Clears Hurdle
A U.S. House subcommittee voted on Wednesday to advance a bill that would eliminate the need for government approval of U.S. liquefied natural gas (LNG) exports to countries that belong to the World Trade Organization. The legislation, which will be considered by the full House energy committee, would essentially end the Energy Department's review of LNG export applications…
U.S. House Bill Approving LNG Exports
A U.S. House subcommittee voted on Wednesday to advance a bill that would eliminate the need for government approval of U.S. liquefied natural gas exports to countries that belong to the World Trade Organization. The legislation, which will be considered by the full House energy committee, would essentially end the Energy Department's review of LNG export applications. (Reporting by Ayesha Rascoe; Editing by Jeffrey Benkoe)
Fastrack LNG Deliveries to Europe Unlikely
Expedited regulatory approval of proposed US liquefied natural gas export terminals would not lead to their immediate construction nor to near-term deliveries of US gas into Europe, panelists at a Senate hearing have said, reports Platts. Several US lawmakers want the Obama administration to quickly approve more LNG export applications in response to the crisis in Ukraine…
