Exxon, Chevron Focus on Oil Projects in the Americas
The two largest U.S. oil companies are pulling back on big international oil projects and concentrating on a handful of more lucrative assets closer to home.
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New gas export projects will likely remain in limbo for many months despite a judge halting the Biden administration’s pause on approving such projects on Monday. The administration still has discretion in its review of new projects, and experts don’t expect it to approve any ahead of the November election, in which President Biden looks to face…
Trump's Tariffs Threaten Trade War with Mexico, but Natural Gas Remains Unaffected for Now By Christopher Lenton U.S. President-elect Trump’s social media announcement that he would impose a 25% tariff on all imports from Mexico set off a series of alarm bells in the energy sector across the integrated North American region. Mexican President Claudia
Demand for U.S. natural gas to produce liquefied natural gas (LNG) for export this year is headed for its first decline since the country started exporting the super-chilled fuel from the lower 48 states eight years ago.
“The main takeaway is that a business-as-usual approach is neither sustainable nor advisable,” said U.S. Energy Sec. Jennifer Granholm during a press call on Tuesday.
The Department of Energy began the report earlier this year as the Biden administration sought to pause new approvals for LNG permits.
Incoming administration’s policies might eventually lead to decrease in US LNG exports to EU
China's latest Natural Gas Development Report shows the nation made gains last year in efforts to restructure its natural gas market, increasing domestic production and consumption; boosting imports of...