Thursday, February 6, 2025

BP says 2017 a success as it shifts focus to natural gas

From the Houston Chronicle The massive Zohr gas field off Egypt will come online by the end of December, marking the completion of what British energy giant BP says is one of its biggest years ever as it increasingly focuses on international natural gas projects. BP is shifting from crude oil toward cleaner-burning gas projects in developing parts of the

Fuel shippers seek U.S. review of ‘excessive’ Colonial Pipeline rates

From Reuters Oil major Chevron, leading refiner Valero and Delta Air Lines have complained to the U.S. energy watchdog about fees Colonial Pipeline charges to ship gasoline, diesel and jet fuel over its fuel network, the country’s largest. The 917-page complaint, filed last month with the Federal Energy Regulatory Commission (FERC), says Colonial’s fees “greatly exceed just and reasonable levels”.

Ensign Energy Releases 2018 CapEx Budget, Brings on New Board Member

Ensign Energy Services Inc. (ticker: ESI) announced a CapEx of $64 million, comprised of $43 million for capital maintenance on the fleet and $21 million for equipment and optimization upgrades to the current fleet. Ensign said that the capital plan focuses on the continuation of appropriate certification and preventative maintenance of its high spec fleet, in addition to the selective

U.S. LNG exports reach a tipping point

From the Houston Chronicle In 2011, Cheniere Energy was a little-known company with big ambitions when it signed an $8 billion contract that would transform the United States into an exporter of liquefied natural gas after decades of relying on foreign suppliers. Five years later, just days before the Houston company shipped its first LNG cargo, another big deal gave

China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China on a tear to expand domestic gas output and diversify its natural gas imports China’s quest for natural gas “China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” said spokesperson Gao Feng at a regular press conference, Hellenic Shipping News reported. China’s natural gas import is expected to