Total CEO: US LNG Shaky, Global Projects Brought into Spotlight
U.S. President Joe Biden’s decision to pause approvals for new U.S. LNG projects benefits similar projects around the world and casts doubt around U.S. supply, TotalEnergies’ Pouyanné told analysts during the company’s quarterly webcast.
TotalEnergies Fénix Platform Installed Offshore Argentina
First gas from the TotalEnergies-operated project is expected in fourth-quarter 2024.
EIG’s MidOcean Energy Acquires 20% interest in Peru LNG
On top of acquiring a 20% interest in Peru LNG, MidOcean Energy is also in the process of acquiring interests in four Australian LNG projects.
Exxon’s Payara Hits 220,000 bbl/d Ceiling in Just Three Months
ExxonMobil Corp.’s third development offshore Guyana in the Stabroek Block — the Payara project— reached its nameplate production capacity of 220,000 bbl/d in January 2024, less than three months after commencing production and ahead of schedule.
After Megamerger, Canadian Pacific Kansas City Rail Ends 2023 on High
After the historic merger of two railways in April, revenues reached CA$3.8B for fourth-quarter 2023.
US Threatens to Not Renew Venezuelan Energy Sector License
The U.S. Department of State alerted Venezuela that it could decide not to renew General License No. 44 amid what Washington has labeled “anti-democratic actions.”
Element3 Extracts Lithium from Permian’s Double Eagle Wastewater
The field test was conducted with wastewater from a subsidiary of Double Eagle Energy Holdings’ produced water recycling facility.
E&P Highlights: Jan. 29, 2024
Here’s a roundup of the latest E&P headlines, including activity at the Ichthys Field offshore Australia and new contract awards.
Guyana’s Economy to Grow 34.3% in 2024, Finance Minister Says
Guyana’s economy is expected to grow 34.3% in 2024, exceeding growth of 33% in 2023, as an Exxon Mobil Corp.-led consortium ramps up offshore oil production, according to Guyana’s finance minister Ashni K. Singh.
PDVSA Contributed $6.2B to Government Coffers in 2023
Venezuela’s state-owned PDVSA contributed income equivalent to US$6.2 billion to government coffers in 2023, Venezuela’s President Nicolás Maduro Moros said during his annual National Assembly address.