Insights
Will the US Become the World’s Largest LNG Exporter in 2023?
By Darren Richards
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…
Talent is Migrating from Oil to Renewables
By Darren Richards
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…
Chevron Advances Carbon Capture and Storage in Australia
By Darren Richards
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…
Could a Big Oil Merger be on the Horizon?
By Darren Richards
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…
Sempra and ConocoPhillips to Partner for Port Arthur LNG
By Darren Richards
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…
Japanese Scoping E-Methane Production in US with Cameron LNG
By Darren Richards
Four Japanese companies have entered into an agreement and commenced a detailed joint feasibility study on a project to produce synthetic methane (e-methane) in the US and transport it to Japan utilizing the Cameron LNG facility in Hackberry, Louisiana.Tokyo Gas, Osaka Gas, Toho Gas and Mitsubishi Corporation will study the viability of producing e-methane in…
Freeport LNG Development Announces December Restart Date
By Darren Richards
Freeport LNG Development has announced its timeframe for starting operations at its natural gas liquefaction and LNG export facility in Texas. In a statement posted on its website, the company noted that, as of November 14, the reconstruction work necessary to commence initial operations, including utilization of all three liquefaction trains, two LNG storage tanks…
AXG Welcomes Darren Richards as Director
By Sabrina Wong
PRESS RELEASE – 22 November 2022 – Houston, TX AXG, Aurex Group’s contracting and workforce solutions company, has launched its enhanced brand presence and welcomed Darren Richards as Director to lead the business across the Americas. Based in Houston, Texas, Darren brings over 15 years of recruitment expertise to the role that will see him…
Saipem confirms new offshore drilling contracts in the Middle East and West Africa
By Darren Richards
Saipem has been awarded five new offshore drilling contracts, three in the Middle East and two in West Africa that total approximately US$800 million. The company is an advanced technological and engineering platform for the design, construction and operation of safe and sustainable infrastructures and plants. In the Middle East, two of the new contracts…
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