Sunday, December 1, 2024
oil & Gas 360

Chinese Tariffs on US Gas Exports May Shift the LNG Market

China is the number 2 importer of LNG globally while the U.S. is climbing up the ranks of major LNG exporters From CNBC China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as American liquefied natural gas makes the list of goods Beijing will target, analysts said. The move to include LNG raised eyebrows as China had

Malaysia LNG Exports Hit 4-year Low: Pipeline Issues — Sources

From the Borneo Post Malaysia’s exports of liquefied natural gas (LNG) fell to a four-year low in July as domestic gas pipeline issues plaguing the country since January took their toll, according to industry sources and Thomson Reuters data. Natural gas supply from the Sabah Oil and Gas terminal to the Petronas LNG Complex in Bintulu was cut in January

Shut in Wells Put Abraxas Petroleum in the Red in 2Q

From the San Antonio Business Journal Temporarily shutting down production at 18 oil wells put San Antonio-based Abraxas Petroleum Corp. in the red during second quarter, the company reported after stock markets closed Tuesday. Abraxas (Nasdaq: AXAS) reported a $10.8 million loss on $30.9 million in revenue during the second quarter. The figures offer mixed results when compared to the $7.2 million

Saudi Sovereign Fund Buying Tesla Shares: $2 Billion Down, $64 Billion to Go

From FreightWaves On Tuesday, Elon Musk tweeted that he was considering taking Tesla Motors (NASDAQ: TSLA) private at $420 per share, an overall valuation of $82B, which would make the electric car maker the most valuable private company in the world. In a subsequent post on Tesla’s blog, Musk clarified his thinking: “As a public company, we are subject to