Within the span of roughly two weeks, state-owned QatarEnergy has tapped supermajors from across the globe to lend a hand in the development of its mega LNG project in Qatar’s North Field East.
To date, the direct economic damage to Ecuador is estimated at around $45 million considering a WTI price of $100/bbl, according to state-owned Petroecuador, the country’s main oil and gas producer.
“The primary rating concern for Freeport LNG is that the sole source of revenue is dividends from the three liquefaction plants, owned by three operating companies,” Fitch said in a rating action commentary.
The rig divestment aims to address potential “issues related to lessening of competition created by the business combination” between Noble Corp. and Maersk Drilling initially announced last November.
Separately, Cheniere announced two LNG supply deals with Chevron, one of which is conditional on a positive FID of a new Corpus Christi liquefaction project, meaning the next leg of Cheniere’s expansion is in the works.
Colombia’s election of leftist Gustavo Petro as its next president creates numerous uncertainties for U.S oil and gas investors and Washington.
Houston-based APA and partner TotalEnergies continue with exploration and appraisal activities in the lead-up to a final investment decision that would be Suriname’s first major deepwater development.
More than half of U.S. LNG exports went to Europe in April as the continent continued to replace its gas supply from Russia. Top destinations included France, Spain, the U.K. and the Netherlands with Poland surpassing South Korea.
The joint venture between Canada-based Frontera and CGX Energy eyes potential offshore Guyana in hopes of replicating success seen in the nearby Stabroek block.
Despite the outlook for continued economic growth and rising oil demand this year, OPEC also warned of significant downside risks.
