NorthAmOil - North America Oil & Gas
American gas prices are amongst world’s lowest despite record LNG exports, says API
Americans have among the lowest residential natural gas prices globally even as the US leads the world in LNG exports. This is according to a new analysis by the American Petroleum Institute (API), conducted by Energy Ventures Analysis.
Venture Global orders nine LNG transport vessels to deliver own cargoes
Venture Global LNG is purchasing nine LNG transport vessels to be built in South Korea and delivered later in 2024 the company revealed.
US Energy Secretary vows LNG pause will end within one year
US Secretary of Energy Jennifer Granholm has pledged that the country’s LNG exports approval pause will be finished well within a year.
Tellurian CEO steps down as it begins exploring potential sale
Embattled Houston-based LNG developer Tellurian revealed on March 18 that the company’s CEO Octavio Simoes has left his position as the company races to keep its Driftwood LNG export plant afloat.
Sempra hosts groundbreaking ceremony for Port Arthur LNG project
US energy firm Sempra held a groundbreaking ceremony to mark one year since construction began on Phase 1 of the Port Arthur LNG project located in Jefferson County, Texas.
Gunvor signs 20-year offtake deal with Texas LNG
Energy commodity trader Gunvor Group has inked a heads of agreement with Texas LNG that will see the Swiss company offtake 0.5mn tonnes per year of LNG for a 20-year period beginning in 2028.
Methane emissions from the energy sector increased in 2023
The International Energy Agency estimates that in 2023, nearly 120mn tonnes of methane emissions stemmed from the production and utilisation of fossil fuels, slightly higher than in 2022.
US appeals court pauses SEC climate rules
A US appeals court has paused new rules issued by the Wall Street regulator, the Securities and Exchange Commission, that requires publicly traded companies to report climate-related risks.
GECF strikes bullish tone on gas demand growth
The Gas Exporting Countries’ Forum (GECF) has come out with a bullish prediction that consumption of the fuel will surge by 34% by the middle of the century.
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