Despite the Biden administration’s pause on LNG export facilities, the U.S. took the spot as global LNG exporter in 2023, overtaking Australia, Qatar and Russia, according to the International Gas Union.
Rating agency Fitch affirmed the default rating of U.S. refiner Citgo Petroleum Corp. at 'B' with a stable outlook, while highlighting operational risks and contagion effects from U.S. sanctions on Citgo's Caracas-based parent PDVSA.
East Daley Analytics continues to eye the first train from the 18 mtpa Golden Pass LNG flowing in the first quarter 2026, despite requests by Golden Pass for more time to construct the facility.
Mexico Pacific and Korea’s POSCO International Corp. signed a 20-year sales and purchase agreement for the Asian company to acquire 0.7 mtpa of LNG from the proposed the Saguaro Energía LNG facility on Mexico’s Pacific Coast.
Tellurian, which is developing the 27.6 mtpa Driftwood LNG project in Louisiana, expects its recent sale to Woodside Energy to close in December.
Venture Global’s Plaquemines LNG export facility in Plaquemines Parish, Louisiana has received its initial cool-down cargo just three days after the FERC granted it's request to commission the introduction of nitrogen gas to the facility.
Hess Corp. is seeking a new partner or partners to join in Suriname’s offshore Block 59 after Exxon Mobil and Equinor each gave up their one-third interests last month.
Loaded with cash, Saudi oil powerhouse Aramco has embarked on a net-zero quest.
Argentina’s long-envisioned LNG export facility is closer to becoming a reality as state-owned YPF SA and Malaysia’s Petronas will look to reach a final investment decision in the second half 2025 on development in Sierra Grande on the country’s Atlantic Coast.
Ecopetrol said its decision to not move forward with a $3.6 billion deal to acquire Oxy’s CrownRock LP assets was mainly due to the impact on its leverage, but also political shifts under Colombian President Gustavo Petro.
