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Chevron, Talos to more than double their Texas carbon capture project
Chevron, Talos Energy and Carbonvert have more than doubled the size of their carbon capture, utilisation and sequestration (CCUS) project in Texas.
Gulfport Energy expects 2-6% net production increase in 2023
Gulfport Energy expects a 2-6% net production increase in 2023 compared with 2022. That would amount to an increase of 1,000mn cubic feet (28,317 cubic metres) per day to 1,040 mmcf (39,644 cubic metres) per day, the company said.
Mexico increases imports of US-produced MTBE in 2022
Mexico increased the amount of MTBE imported from US producers last year, thereby increasing its reliance on its northern neighbour for octane enhancement programmes.
Chesapeake signs 15-year LNG supply deal with Gunvor
Oklahoma-headquartered shale gas producer Chesapeake Energy Corp. announced on March 6 that it has reached a 15-year LNG supply agreement with Swiss commodity trader Gunvor Group.
Venezuela’s use of imported US naphtha rising as shipments of Iranian condensate decline
Venezuela has become increasingly dependent on naphtha imported from the US as a diluent for heavy crude oil as condensate shipments from have declined.
Global energy sector emissions reach new high in 2022
Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.
Low US gas prices upend acquisitions, drillers scale back rigs
The US may have seen a sudden uptick in natural gas prices since the third week of February, when Henry Hub gas prices had plummeted around 78% since August of 2022.
Canada’s Baytex targets higher output, acquires Ranger
Calgary-based Baytex Energy is planning to produce 87,500 barrels of oil equivalent per day (boepd) on average in 2023. This would represent a 5% increase over the previous year’s figure.
Occidental increases spending budget, delays CO2 capture project
Occidental Petroleum will hike its capital spending in 2023, from $4.5bn in 2022 to $6.2bn, including on its Direct Air Capture (DAC) project.
MEG likely to exceed 2023 production targets
MEG Energy will likely exceed its 2023 annual average production target on the back of a strong performance and high efficiency levels, the company’s chief operating officer, Darlene Gates, has said.
Denbury announces new CCUS agreements
Denbury Inc. has announced several new agreements related to its carbon capture, utilisation and storage business (CCUS).
Oil and gas sale in US Gulf of Mexico on March 29
The US Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale in the Gulf of Mexico on March 29, 2023, it has announced.
Venture Global signs LNG supply agreements with China Gas Holdings
Venture Global LNG and China Gas Holdings, a leading natural gas operator in China, have announced two 20-year LNG sales and purchase agreements.
Gulfstream LNG applies to export 4mn tpy of LNG
Gulfstream LNG Development is seeking approval to export up to 4mn tonnes per year from a facility in Louisiana.
Cheniere subsidiaries to expand LNG exports from Sabine Pass
Subsidiaries of Cheniere Energy are to expand liquefied natural gas (LNG) exports from the Sabine Pass Liquefaction (SPL) project in Cameron Parish, Louisiana.
Canadian flip-flopping on LNG leaves Japan, Korea hanging
US positioned to become world’s largest LNG exporter as three more projects look set to be approved
Freeport LNG receives approval for partial restart of two units
Canada’s federal, oilpatch tension still hindering progress on emissions and carbon capture
In Canada, tension between the Alberta and federal governments is still delaying talks on emissions and the carbon capture and storage technology needed to reduce CO2 pollution from the province’s oil and gas sector.
Chevron to deliver eight cargoes of Venezuelan oil to US this month
The US major Chevron is on track to send eight cargoes of Venezuelan crude oil to the US in February, with delivery volumes averaging more than 100,000 barrels per day.
US LNG producer Tellurian reports fourfold increase in production
Shell starts up Vito in US Gulf of Mexico
Shell Offshore has announced that production has started at the Vito floating production facility in the US Gulf of Mexico.
Williams, Chevron to partner on shale and deepwater gas deals
Williams, the midstream gas company, has partnered with supermajor Chevron to aid in the development of the Haynesville shale play and in production from the deepwater US Gulf of Mexico.
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