Will the US Become the World’s Largest LNG Exporter in 2023?

​In 2022, US exports of LNG, amounting to 76.4 million tonnes, were the third highest globally, after Australia and Qatar, according to energy research and consultancy firm Wood Mackenzie. Cheniere Energy was the largest US LNG exporter in 2022, producing 44 million tonnes, of which 72% were directed to Europe. The second largest US LNG…

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Talent is Migrating from Oil to Renewables

As oil companies stay lean, workers are making the move to renewable energy across the US. Oil and gas companies laid off roughly 160,000 workers in 2020, and they have maintained tight budgets and hired cautiously over the last two years. On the flip side, many renewable energy companies across solar, wind, geothermal, battery and…

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Chevron Advances Carbon Capture and Storage in Australia

​Chevron Australia will invest a total of US$26 million to bolster carbon capture and storage (CCS) research in Western Australia and Victoria. The investment of the US-based energy giant seeks to advance knowledge in CCS technology to promote a lower carbon future. The commitment comes as the Australian Petroleum Production & Exploration Association (APPEA) calls…

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Could a Big Oil Merger be on the Horizon?

​Reuters have reported on the possibility of big oil mega deals as American companies Exxon Mobil and Chevron post stronger valuations than their European counterparts, Shell, BP and Total Energies. The American duo’s valuation lead is tangible even though Shell’s 2022 results, for example, have doubled year-on-year, matching those of its US peers. A notable…

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Sempra and ConocoPhillips to Partner for Port Arthur LNG

​Global demand for reliable sources of natural gas is driving new projects and strategic partnerships in the US. Sempra Infrastructure and ConocoPhillips have announced their partnership has executed a 20-year Sale and Purchase Agreement for five million tonnes per annum of liquefied natural gas from Phase 1 of the proposed Port Arthur LNG project under…

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