Energy Transfer, SK Gas ink 18-year Lake Charles LNG supply deal
U.S. firm Energy Transfer will supply LNG to South Korean firm SK Gas from its Lake Charles LNG export facility under an 18-year deal,...
Why U.S. oil companies aren’t rushing to increase production
Oil and gasoline prices continue to climb, and energy company profits are surging. President Biden, who came into office promising to reduce the use...
Energy Department OKs additional LNG exports from future Louisiana terminal
The Energy Department on Wednesday authorized additional exports of liquefied natural gas from planned terminals in Texas and Louisiana, reports The Associated Press.
The orders...
ExxonMobil profits surge despite $3.4B hit from pulling out of Russia
ExxonMobil reported $5.48 billion in profits during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with...
Murphy Oil begins production in Gulf ahead of schedule
U.S.-based Murphy Oil has started oil production from a new deepwater Gulf of Mexico project ahead of schedule, reports Offshore Technology.
The firm said that...
TotalEnergies signs Cameron LNG expansion agreement
TotalEnergies has signed a "heads of agreement" with Sempra Infrastructure, Mitsui & Co. Ltd. and Japan LNG Investment for the expansion of Cameron LNG,...
Biden increases oil royalty rate, scales back lease sales
The Interior Department said it’s moving forward with the first onshore sales of public oil and natural gas drilling leases under President Joe Biden, but will...
Vito, Shell’s new offshore platform, will make money at almost any oil price
Nicknamed Vito, Shell's new multibillion-dollar offshore oil platform is set to launch off the coast of Louisiana in June. Its costs have been cut...
Senate passes bill to position Louisiana for $200 million in orphaned oil well grants
The Louisiana Senate approved a bill April 4 that would position Louisiana to receive nearly $200 million in federal grants to fix orphaned oil...
Venture Global to buy gas from NextEra for Louisiana Plaquemines LNG
Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from...
