US gas output, LNG exports seen growing this winter
US natural gas output will average 104 billion cubic feet per day this winter, up 4% year over year,...
US natural gas output will average 104 billion cubic feet per day this winter, up 4% year over year, while liquefied natural gas exports will be 30% higher than the average for the past three years at an estimated 13.4 billion cubic feet per day, the Natural Gas Supply Association projected. "The (forecast) shows producers are rising to the challenge of strong winter demand for natural gas at home while meeting the critical needs of an under-supplied global market," said NGSA Chairman David Attwood.
Cheniere kicks off Corpus Christi LNG facility expansion
Cheniere Energy on Tuesday held a groundbreaking ceremony to mark the start of the $8 billion Stage 3...
Cheniere Energy on Tuesday held a groundbreaking ceremony to mark the start of the $8 billion Stage 3 expansion project at its Corpus Christi liquefied natural gas export facility in Texas. The project, expected to be completed in 2025, includes seven production units that will bring the plant's capacity to 27.55 million short tons per year and create 100 new jobs.
A judge gave Elon Musk until Oct. 28 to close his ...
A judge gave Elon Musk until Oct. 28 to close his purchase of Twitter, delaying a trial that was supposed to start on Oct. 17. But a deal is still not an inevitability, since Musk and Twitter aren’t exactly seeing eye-to-eye on the fine print.
Federal agents have gathered enough evidence to charge the president’s son, Hunter Biden, with tax crimes and making a false statement about a gun purchase, per the Washington Post.
GOP Sen. Ben Sasse of Nebraska is expected to resign in order to become the president of the University of Florida.
Benchmark U.S. crude oil for November delivery rose 69 cents to $88.45 a barrel Thursday. Brent crude for December delivery rose $1.05 to $94.42 a barrel.
Wholesale gasoline for November delivery rose 1 cent to $2.68 a gallon. November heating oilrose 17 cents to $3.86 a gallon. November natural gas rose 4 cents to $6.97 per 1,000 cubic feet.
Munich Re to stop its backing for new oil, gas fields
Munich Re, one of the world's biggest insurance companies, said Thursday that it will stop backing...
Munich Re, one of the world's biggest insurance companies, said Thursday that it will stop backing new oil and gas fields beginning next April. The company said it will also no longer invest in or insure new oil pipelines and power plants that weren't already under construction by Dec. 31, 2022.
Munich Re said the moves were part of its effort to reduce the harmful impact its business has on the environment. The burning of oil and gas is one of the main sources of greenhouses gases fueling climate change.
Munich Re provides so-called reinsurance contracts that help other insurers spread risks. It also invests the insurance premiums it receives from customers and third-party assets, making it a major institutional investor.