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Marathon Oil reached two mammoth deals totaling $3.6 billion. The company will sell its Canadian subsidiary to Royal Dutch Shell and Canadian Natural Resources and it will purchase BC Operating and other entities. Meanwhile, Pioneer Natural Resources sold $266 million in an acreage package in the Midland Basin. Resolute Energy is heading increasingly toward pure-play Delaware status. And, we check in on the happenings at CERAWeek.
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FERC Approves Extension of Tellurian LNG Project
2024-02-19 - Completion deadline of Tellurian’s Driftwood project was moved to 2029 and phase 1 could come online in 2027.
Freeport LNG Down One Train After Texas Freeze
2024-01-29 - Freeport LNG’s 15 mtpa three-train export facility on the Texas Gulf Coast will be without its Train 3 for at least one month, due to an electrical issue during the recent Texas freeze.
Freeport LNG's Feedgas Usage Falls Again
2024-03-11 - Natural gas flowing to Freeport LNG's Texas facility was down to 758 MMcf on March 11 from 1463 MMcf on March 3, LSEG data showed.
Cheniere Cuts LNG Train from Sabine Pass Expansion
2023-12-29 - Cheniere will reduce one of its three planned trains for a Sabine Pass LNG expansion, but the company says the change won’t greatly affect its production capacity.
FERC: Closure of LNG Import Plant Threatens New England’s Grid
2024-01-10 - Despite record U.S. natural gas production, parts of the U.S., including New England, face difficulties finding adequate supplies for power generation.