China, which lent around US$120 billion to Latin America and the Caribbean between 2005-2023, isn’t expected to resume the mega oil-backing loans of yesteryear as the focus turns to debt negotiations.
U.S. refineries drink in heavy crude, but domestic politics are always a hurdle.
Woodside Energy achieved first oil offshore Senegal at the Sangomar development, which is the African country’s first offshore oil project.
Analysts with Norway’s Equinor argue that increased levels of geopolitical conflict and outright wars “have made the energy transition more fragmented,” despite U.S. LNG creating an energy security blanket for Europe and elsewhere.
TotalEnergies operates Block 58, with partner APA Corp., and expects to make a final investment decision in fourth quarter 2024, while initial production is slated for 2028.
Tellurian, which is developing the 27.6 mtpa Driftwood project in Louisiana, relaunched itself as a LNG pure play with the sale of its Haynesville upstream assets to Aethon Energy, but analysts see lingering financial problems for the company.
While Texas leads the U.S. in energy production, providing nearly one-fourth of the country’s domestically produced energy, is truly an all-of-the-above energy state as solar, wind and other renewable sources are rising within the energy matrix.
As a state known for its hydrocarbons, Texas is also cementing its position in the renewable sphere, and companies are beginning to take notice.
Permian gas producers exporting piped gas to Mexico can rest assured that demand south of the border will remain robust even under a new Mexican president, Wood Mackenzie says.
Mexico’s leading presidential candidate Claudia Sheinbaum is likely to continue with the current policies of Mexican President AMLO, likely meaning a continued reliance of U.S. imported piped-gas.
