TotalEnergies has completed the transfer of its 10% interest in the Arctic LNG 2 project to NordLine, a subsidiary of Novatek, formally ending its ownership in the project. The company had previously disclosed the planned transfer while reporting its second-quarter 2026 results. Following completion of the transaction, TotalEnergies is no longer a shareholder in Arctic LNG 2. Under the […]
As part of its broader plan for its Rovuma LNG project, ExxonMobil has earmarked USD 4 billion for local content, according to Álvaro Massingue, president of Mozambique’s Confederation of Economic Associations (CTA). This comes after ExxonMobil officially awarded USD 1.1 billion in contracts to a variety of firms for upstream equipment and early construction activities just last […]
Australia’s biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels, saying all its investments must compete equally for capital.
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publication the companies involved in the project aimed to make a final investment decision by November.
XRG is making one of the most significant new foreign investments yet aimed at unlocking Venezuela’s vast offshore natural gas resources for international markets, taking a stake in the 4 Tcf-plus Loran field as the country looks to establish a more direct path for its gas into the global LNG trade.
PetroChina Co. is weighing options to sell part of its shares in LNG Canada Development Inc. to help fund a planned expansion, according to people familiar with the matter.
U.S. liquefied natural gas exports are on track to become the nation’s second-largest net export industry by 2031, driven by accelerating investment, expanding export capacity and growing global demand, according to a new S&P Global Energy study. The report projects U.S. LNG feedgas demand will double to 36 Bcfd over the next five years—25% higher than previous base-case forecasts—as […]
ADNOC Logistics & Services (ADNOC L&S) has ordered four next-generation LNG carriers valued at approximately $900 million, expanding its newbuild program to support growing global LNG demand and ADNOC’s long-term gas growth strategy. The four vessels, each with a capacity of 175,000 m³, will be built by Jiangnan Shipyard in Shanghai and are scheduled for […]
Oil and LNG tankers are back to switching off transponders when transiting the Strait of Hormuz as the latest escalation in the region and last week’s Iranian attacks on commercial ships prompted vessel operators to brave the chokepoint unobserved. Total tanker traffic collapsed on Sunday to just six vessels managing to clear the Strait of […]
Argent LNG has awarded GIS Engineering a contract to provide marine, environmental and site engineering services supporting federal permitting for the company’s proposed 25-MMtpa LNG export terminal at Port Fourchon, Louisiana.