Venture Global LNG starts commercial operations at Calcasieu Pass plant
Venture Global LNG announced on Tuesday that it has started commercial operations at the Calcasieu Pass facility in Louisiana. This comes more than three year after the company produced its first liquefied gas. The move to commercial operations means the Arlington-headquartered company has brought an end to the extended commission…
BP discovers oil off US Gulf Coast
BP announced on Monday that it had made an oil find at the Far South Field in the U.S. Gulf of Mexico. The energy giant is seeking to increase production as part of a new strategy, which was announced earlier this summer. Green Canyon Block 584 is located about 120 miles (203.12 km) from the coast of Louisiana. The initial well as well as a sidetrack both encountered oil.
Indian gas firm GAIL seeks 26% stake in US LNG
GAIL India Ltd. issued a tender Friday for a maximum 26% stake in an American liquefied gas project, along with a 15 year gas import agreement. This will help New Delhi to reduce its trade surplus. India is racing to be the first country to sign a deal with the United States after President Donald Trump announced sweeping tariffs.
Bloomberg News reports that Abu Dhabi's ADNOC is considering a bid for Aethon US natgas assets.
Bloomberg News, citing sources familiar with the situation, reported Friday that Abu Dhabi's state oil company ADNOC was considering a bid to acquire natural gas assets from investment firm Aethon Energy Management, which could be worth up to $9 billion. ADNOC is acquiring a number of companies in the gas and chemical industries, which it sees as important pillars to its future growth.
Mubadala Energy acquires Kimmeridge LNG and gas projects in the US
Mubadala Energy is an arm of Abu Dhabi’s sovereign wealth fund. It signed a deal with Kimmeridge, a US-based energy investor, on Thursday that gives it stakes in American gas assets. This marks its entry into the United States market, as part of the company’s growth plans. Mubadala Energy announced that the deal to purchase 24.1% of…
CF Industries and JERA Mitsui form a joint venture to build a $4 billion ammonia plant with low carbon emissions
CF Industries announced on Tuesday that it had formed a joint-venture with Japan's biggest power generator, JERA and trading house Mitsui & Co. to build one the world's most massive low-carbon ammonia plants for around $4 billion. Why is it important? The largest climate change legislation passed in the U.S. in history by former President…
CF Industries and a JV form a $4 billion low-carbon Ammonia facility
CF Industries announced on Tuesday that it has formed a joint-venture with Japan's biggest energy company, JERA, as well as investment firm Mitsui, to build a low-carbon ammonia plant for around $4 billion. Why is it important? The largest climate change legislation passed in the U.S. in 2022 was aimed at launching a boom of clean energy products in America, including those with low carbon emissions.
Stonepeak acquires 40% stake in Woodside Energy Louisiana LNG project
The Australian energy company announced on Monday that Stonepeak, a U.S. investment firm, will purchase a 40% stake and contribute $5.7billion in capital expenditures in Woodside Energy’s Louisiana LNG Project. Stonepeak, a company that manages assets worth $72 billion, will provide $5.7 billion for capital expenditures to develop the foundations of the project.
Chevron will pay $740 Million to restore Louisiana's coastline, reports AP
The Associated Press reported that Chevron had been ordered to pay $740m to repair damages caused by the oil and gas giant to the coastal wetlands of southeast Louisiana. Report: The jury's verdict awarded $575,000,000 for compensation for land losses, $161,000,000 for contamination, and $8,000,000 for abandoned equipment. The original lawsuit was filed in 2013 by the Plaquemines Parish in Louisiana.
Venture Global reports that it exported 29 cargoes of LNG from Plaquemines plant in Q1
Venture Global, a U.S. developer of liquefied gas in Louisiana, exported 29 cargoes during the first quarter 2025 from its Plaquemines plant. The company announced this in a filing to the Securities and Exchange Commission on Thursday. Venture Global reported that it had received an average fixed liquefaction charge of $7.26 for every million British thermal unit (mmBtu)…
Tokyo Gas, Japan expands its US shale-gas business with Chevron
TG Natural Resources LLC, co-owned by Tokyo Gas, Castleton Commodities International and Castleton Commodities, announced on Tuesday that it had purchased a 70% stake of east Texas gas assets for $525m from Chevron, in order to expand its U.S. Gas business. TGNR, which is the fourth largest producer in the Haynesville shale region…
Sources say that the Energy Department may cut funding for US carbon removal hubs.
Three sources familiar with this matter have confirmed that the U.S. Department of Energy has been considering cutting hundreds of millions of dollar in grants for two projects in Texas or Louisiana, which are aimed at demonstrating commercial-scale technology to capture CO2 from the air. Direct Air Capture hubs were developed by the…
Bloomberg News reports that Trump will approve Venture Global LNG exports to Louisiana from the project.
Bloomberg News reported that the U.S. administration of President Donald Trump is expected to grant Venture Global LNG conditional permission to export natural gases from a proposed Louisiana plant, which was delayed under former president Joe Biden. A person with knowledge of the situation said that the Energy Department will authorize large-scale exports from CP2's project by the company as early as Wednesday.
Qilak LNG is Alaska's smaller natural gas project. It wants to play a part in Trump's Asia push.
Mead Treadwell, the Chief Executive of Qilak LNG who is hoping to develop an LNG project in Alaska wants to join President Donald Trump’s push to increase gas exports to Asian markets from the remote peninsula, she said. The Trump administration wants to ship liquefied gas from Alaska's remote northern region to Japan, South Korea, and Taiwan via a 1,300 km (800 mile) pipeline worth $44 billion.
Ministers and executives say that if sanctions are eased, Europe will avoid Russian energy.
Ministers and executives at a Houston conference said that European buyers will not return to Russia's Energy Sector if the sanctions are lifted. The bloc has diversified its power mix by using renewable energy and alternative suppliers of gas. According to a joint U.S. and Ukrainian statement released on Tuesday, Ukraine agreed to accept the U.S.
CEO CERAWEEK Woodside says that the Louisiana LNG investment decision may be delayed until Q2.
Meg O'Neill, the CEO of Woodside LNG Australia, said on Monday that the company may delay a final decision on the Louisiana plant's liquefied gas project until the second quarter 2025 if talks to sell the half of the project continue. Woodside is looking to sell up to 50% of the project. The company has been reported to be in discussions with several buyers, including Tokyo Gas and Japan's JERA.
Commonwealth LNG sees new interest after securing export license
The owner of the Commonwealth LNG project said that the interest in the project has increased since the export license was granted by the Trump administration last month. In February, the U.S. Department of Energy approved an LNG export license for the Commonwealth LNG project located in Louisiana. This was the first LNG export approval…
LNG producer Venture Global raises Plaquemines project cost forecast by $2 billion
Venture Global announced on Thursday that it expects its Plaquemines LNG Plant in Louisiana project costs to be about $2 billion more than its previous estimate due to inflation and various other factors. In premarket trading, shares of the company dropped 19.2% to $11.50. The LNG producer now expects that the plant will cost between $23.3 and $23.8 billion.
LNG producer Venture Global raises Plaquemines project cost forecast by $2 billion
Venture Global announced on Thursday that it expects its Plaquemines LNG Plant in Louisiana project costs to be about $2 billion more than its previous estimate due to inflation and various other factors. The LNG producer now expects that the plant will cost between $23.3 and $23.8 billion. Previously, it was expected to be in a price range between $21 billion and $22 billion.
Expand Energy is on track to increase US natgas production to meet the growing demand
Expand Energy, previously known as Chesapeake Energy, and the largest natural gas producer in America, announced on Thursday that it is on track to increase output by over 5% from the levels expected in 2020, as long as the market conditions allow for such an action. The CEO of Expand, Nick Dell'Osso, told analysts on the company's…
