Mexico Presidential Frontrunner Likely to Continue Reliance on US Gas
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.
Developer Seeks Permit to Send US Gas to Mexico for LNG Exports
The project is the latest in a series of developments to convert U.S. gas into LNG and export it from Mexico's Atlantic and Pacific coasts to meet global demand.
ADNOC Buys 11.7% Stake in NextDecade’s Rio Grande LNG Project
The United Arab Emirates’ ADNOC will acquire a 11.7% equity stake in Phase 1 of NextDecade Corp.’s Rio Grande LNG (RGLNG) project from Global Infrastructure Partners (GIP), while also entering an offtake agreement for 1.9 mtpa from the Texas export facility.
Adkins: Attacks on Fossil Fuels, Overregulation Poised to Backfire
Raymond James’ J. Marshall Adkins tells Hart Energy’s SUPER DUG conference attendees demonizing oil and gas, strenuous regulations and continued inflation are bound to have unexpected consequences for E&P opponents.
Sector’s Appetite for Capital Remains Amid Consolidation Frenzy, Panelists Say
There’s still an appetite for capital in the oil and gas sector—companies just need to think creatively to find it, a number of panelists said during SUPER DUG in Fort Worth, Texas.
BPX Looks to Ramp US Production Over 60% by 2030
BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.
ConocoPhillips Looks to Scale Portfolio, But Citgo Auction Not a Factor
ConocoPhillips has a long-term ambition to boost its LNG offtake capacity to between 10 mtpa to 15 mtpa as it keeps a short-term eye on the auction of Citgo Petroleum.
Canada’s Pembina Pipeline in No Rush to Invest in TMX
The Trans Mountain Pipeline’s toll structure has too much "uncertainty," said Pembina CFO Cameron Goldade on an earnings call.
E&P Highlights: May 13, 2024
Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.
NextDecade Raises ‘Going Concern’ Doubts Amid Rio Grande LNG FID
NextDecade, which is developing the Rio Grande LNG project in Brownsville, once again highlighted “going concerns” in its SEC 10-Q filing but says Phase 1 of its project is fully financed and under construction.