North America

Wednesday, the U.S. will revoke a policy that was issued by former President Joe Biden's administration, which required that liquefied gas projects, or LNG, export within seven year of regulatory approval. The LNG industry had pressured the Trump administration to withdraw the April 2023 policy statement on Department of Energy export approvals to major markets in Europe, Asia and Africa because many projects would take more than seven year to complete. The Federal Register will publish a document on Wednesday that states, "From now on, DOE will review applications to extend the export start deadline of an authorized holder and...

The U.S. will rescind on Wednesday a policy that was issued by the former administration of President Joe Biden, which required liquefied gas projects, or LNG, to export within seven year of receiving approval. The LNG industry pushed President Donald Trump's administration to reverse the April 2023 policy statement of the Biden administration on Department of Energy approvals of exports to major markets in Europe, Asia and Africa because many projects require more than seven years to complete. They have stated that if the projects are forced to restart their applications, it could cause delays in LNG exports. The Federal...

U.S. Natural Gas Producers and Investment Firms are preparing for increased activity in Louisiana's Haynesville Shale Basin, positioning themselves to take advantage of a boom in the exports of liquefied gas boosted by President Donald Trump's new approvals. As the United States, the world's biggest LNG exporter, brings new projects to Texas and Louisiana, gas prices will rise. The U.S. is expected to reach record levels of gas demand in 2025 and 26. After Trump lifted a moratorium in his first days in office, energy companies are now planning and building large-scale LNG projects. This will increase the demand for...

According to sources familiar with the situation, Excelerate Energy, a provider of liquefied natural gas infrastructures is close to completing a deal for the Jamaican business of its smaller rival New Fortress Energy. The price will be around $1.1 billion. Sources who asked to remain anonymous in order to discuss their private discussions said that if the negotiations are successful, a deal could be announced by Thursday. Excelerate expects the all-cash transaction to increase its global footprint. Its LNG infrastructure is currently deployed in Bangladesh, Brazil and Finland, among other countries. New Fortress will also be able to address its...

Gulf South Pipeline Company announced on Monday that it had stopped supplying natural gas to Freeport LNG in Texas following a lightning strike. Gulf South said that the lightning strike led to a declaration of force majeure for the line, effective immediately. It added that it was working to restore service to its customers as soon as possible. According to LSEG, the incident has reduced gas consumption at Freeport LNG, which can process 2.4 billion cubic foot of gas each day, to 450 millions cubic feet per daily (mcfd), from an earlier expectation of nearly 1.8 bcfd. Freeport requires 700...

NextDecade, an energy company, announced on Tuesday that U.S. Court of Appeals District of Columbia revised its August 2024 judgement against the order of the energy regulator allowing construction of NextDecade's LNG project. The flagship NextDecade facility has been under development for several decades and has already experienced multiple delays. The revised court order sends back the Federal Energy Regulatory Commission order concerning the first five liquefaction train at the Rio Grande facility for further review. However, the order itself is still in effect. "We are happy with the revised court judgement today, which ensures that construction at the Rio...

U.S. Interior Secretary Doug Burgum said to a room full of energy executives that he wanted their industries, which include mining and drilling on America's Public Lands, to increase the amount of these activities. He told them: "We love YOU! ". Burgum's remarks at the CERAWeek conference in Houston highlighted President Donald Trump’s agenda of reducing red tape to free up fossil fuels and metals. He told the crowd, "If we are going to drill baby drill, we must also be asked to mine baby mine." Oil prices are at a three-year low, but it is unclear whether energy companies...

A company executive confirmed that Argentina had not requested an extra floating regasification facility from Excelerate Energy in the coming winter, because the South American nation plans to import less liquefied gas this year. Derek Wong (Excelerate's Vice President of Government Relations) told the CERAWeek Conference in Houston, that the floating storage unit and regasification facility (FSRU), the company's only import facility, could be sufficient to meet the demand this year depending on the weather. In the past, Argentina has faced high costs for LNG imports. However, an increase in domestic production of natural gas and LNG cargos has led...

A Cheniere Energy executive announced on Tuesday that U.S. regulators had approved the expansion of Cheniere Energy Corpus Christi's liquefied gas plant. Anatol Fygin, Chief Commercial Officer of the company, said that the Federal Energy Regulatory Commission had approved the construction of Midscale trains 8 & 9 for the company. Cheniere, the U.S.'s largest LNG producer, played a major role in helping the U.S. become the world’s leading exporter of supercooled gas. Cheniere expects to increase its production of LNG at its Corpus Christi plant in Texas by 3 million metric tons per year with the addition of two new...

Chris Wright, the Energy Secretary of the United States, said Monday at CERAWeek's energy conference in Houston that the U.S. had approved an extension of Delfin LNG’s free-trade permit. Delfin has developed a floating liquefied gas project (LNG) off the coast Louisiana. The project could include four LNG plants that have a production capacity of 13,3 million metric tons per annum. It is seeking to extend its export permit for five years to enable it to export LNG into countries without free trade agreements with United States. The delay in building the plants was attributed to the COVID-19 Pandemic. This...

U.S. Energy Sec. Chris Wright stated on Monday that global heating is an unavoidable side effect of the construction of modern society. He also vowed to stop former President Joe Biden’s climate policies, which promoted fossil fuels. Wright's comments were made at the opening of CERAWeek in Houston, the largest energy conference in the country. He said: "The Trump administration is going to treat climate change as a global physical phenomena that is an unfortunate side effect of the building of modern society." "Everything we do in life is a trade-off." Everything." He stated that the future growth in energy...

Alberta Premier Danielle Smith stated on Monday that Alberta would continue to export crude oil to the United States, but the tariffs threatened by U.S. president Donald Trump also highlighted the need for other markets. She said that U.S. tariffs do not currently apply to Canadian crude oils, but producers are required to complete paperwork to prove compliance. She said this at the CERAWeek conference on energy in Houston. Alberta Premier added that Canada could increase its oil export capacity to the U.S. from 2 million barrels a day. She said that Alberta will continue to provide energy to the...

Kazakhstan's oil production and condensate exports reached a new record in March. The output of the Tengiz giant oilfield was higher and the Caspian Pipeline stable, allowing Kazakhstan to surpass OPEC+ production quotas. Saudi Arabia and Russia, the two leaders of OPEC+, have pressed for a reduction in output after repeatedly exceeding their quotas. Sources said that the production of oil and gas condensate in Kazakhstan was 8.95 million tons or 2,17 million barrels per days (bpd) in March. According to the Energy Ministry, this compares with an average of 2.15 million barrels per day (bpd) in February. Kazakhstan's OPEC+...

The owner of the cargo ship which struck a U.S.-contracted military tanker near England's northeastern coast last month has announced that it will set up a fund to cover potential lawsuits arising from the collision. MS Solong Schiffahrtsgesellschaft M & Co KG, a subsidiary of Ernst Russ which owns the Portuguese-flagged container ship Solong, was sued at London's High Court on Monday by the operators of the Stena Immaculate, which the Solong hit on March 10, according to court records. Last week, the Ernst Russ subsidiary filed a separate action at the Admiralty Court specialist court seeking "limitation in liability"....

The manager of an American military-contracted oil tanker, which was hit by a cargo vessel off England's Northeast coast last month, filed a suit at London's High Court over the collision on Monday. Stena Bulk Marine Services (USA) LLC and Crowley-Stena Marine Solutions LLC filed a lawsuit against MS Solong Schiffahrtsgesellschaft M & Co KG, a subsidiary of Portuguese-flagged container ship Solong owner Ernst Russ , according to court records. On March 10, the Solong crashed into Stena Immaculate. This tanker was anchored and operated by Crowley. It was carrying jet fuel. The collision was reported to the Admiralty Court,...

People familiar with the situation said that Brookfield Asset Management was putting the finishing touches on the deal to purchase Colonial Pipeline, which is the largest fuel transport system in the United States, for over $9 billion, including debt. Sources, who requested anonymity because the process was confidential, said that the New York-based asset management firm emerged as the winning bidder in the auction, which five owners of pipelines had been running for several months. Sources said that a deal between Brookfield, and the owners, could be announced in the next few weeks, if there are no last-minute problems. In...

Oil prices fell on Monday and are heading towards a modest quarter-loss, despite warnings from U.S. president Donald Trump, who warned that he could impose secondary tariffs against buyers of Russian crude oil if he felt Moscow was blocking his efforts in ending the war in Ukraine. Brent crude futures for June, the more active contract, fell 30 cents or 0.4% to $72.46 a barrel by 0330 GMT. Meanwhile, U.S. West Texas Intermediate oil declined 33 cents or 0.5% to $69.03 a barrel. Brent front-month, down 26 cents or 0.4% at $73.36, expires on Monday. Both benchmarks are on track...

Oil prices fell on Monday and are heading towards a small quarterly loss, despite warnings from U.S. president Donald Trump about secondary tariffs if he believes that Moscow is preventing him from ending the war in Ukraine. Brent crude futures for June, the more active contract, fell 17 cents or 0.2% to $72.59 a barge by 0028 GMT. Meanwhile, U.S. West Texas Intermediate oil declined 18 cents or 0.3% to $69.18 a barge. Brent front-month, up 8 cents or 0.1% at $73.71, expires on Monday. Both benchmarks recorded a weekly gain for the third time in a row on Friday....

According to Hydro One, over 300,000 Canadians were without power in Ontario as a weekend ice storm ravaged the region. Environment Canada issued a winter storm warning for freezing rain and snow in Ottawa, Quebec, and Ontario. Hydro One's website stated that the main cause of outages is the weight of tree limbs from freezing rain. It also noted the possibility of flooding in central Ontario. According to the website, more than 350,000 customers had been affected by Sunday afternoon. Power is expected to be restored to all customers on April 1. Alectra, an utilities provider, said that about 35,000...

Two sources who have direct knowledge of this matter, but spoke on the condition of anonymity, said that the talks to restart Kurdish crude oil exports via the Iraq-Turkey pipe are at a standstill due to a lack in clarity regarding payments and contracts. Negotiations, which began in late February, failed to resolve a standoff of nearly two years that had halted the flow of goods from Iraqi Kurdistan, in the northern part of the country, to Turkey's Mediterranean Port of Ceyhan. Last month, it was reported that the Trump administration has asked Iraq for a restart of the shipments...

An internal document obtained by revealed that the Venezuelan state-run PDVSA would cut its office hours. This was in response to an order from the government, which was issued amid an intensifying power crisis, to conserve energy. On Sunday, the administration of Nicolas Maduro declared that all government offices will reduce their working hours by half due to longer power outages in certain regions caused by reduced hydroelectric generation and lack of fuel for thermoelectric plants. PDVSA, as part of the plan by the government, told its employees on Friday that they should work in administrative offices only three days...

The Los Angeles Department of Water and Power said that an above-ground line of the Los Angeles Department of Water and Power near the Pacific Palisades had been energized at the time the Palisades Fire started early this year. However, there was no evidence to suggest that the line caused the fire, according to the municipal utility. More than two months after the fire began, the transmission line near the hills has been under scrutiny. The blaze is expected to go down as one of the worst natural disasters ever in U.S. History. In a new complaint filed against the...

Venture Global Inc, a U.S. developer of LNG, has requested permission from federal regulators to start operations at its Calcasieu Pass export facility and TransCameron pipe project. This is the final step to moving into commercial operations. The U.S.'s second largest LNG exporter has told the Federal Energy Regulatory Commission that it believes it can produce at the design capacity of the plant after making significant progress with remedial work. Calcasieu Pass is confident that it has completed all the required paperwork Documentation demonstrating readiness to begin service of the remaining facility," the FERC filing stated. According to the filing,...

In a group message that accidentally revealed plans by the U.S. for an attack on Yemen's Iran aligned Houthis, senior Trump officials including Vice President JDVance and Defense Sec Pete Hegseth accused Europe "freeloading" The attacks by the Houthis on ships in Red Sea have impacted trade between Europe and the U.S. What is the situation in the Red Sea? In response to threats by the Houthis to resume attacks on ships crossing the Red Sea, the U.S. launched massive military strikes against them on 16 March that resulted in the death of at least 31 people. The Houthis, a...