Japan’s JERA Looks to Seal $1.7 Billion U.S. Shale Gas Deal

Japanese energy firm JERA is in advanced discussions to buy shale gas assets in the United States worth about $1.7 billion, sources with knowledge of the talks have told Reuters. …

Puerto Rico Inks $4 Billion LNG Contract with New Fortress Energy

Gonzalez said prices for the LNG cargoes were more competitive, with some premiums reduced. Get the Latest US Focused Energy News Delivered to You! It’s FREE: “This agreement contributes to…

Secret Talks Hint at Exxon’s Re-entry into Russia’s Sakhalin 1 Oil Project

The United States and Russia continue to discuss economic cooperation, including in the Sakhalin 1 oil project, Russian Deputy Foreign Minister, Sergey Ryabkov, said on Wednesday.  Vladimir Putin’s special envoy…

Top Oil Traders Vie to Buy Chevron’s 50% in Singapore Refinery

Commodity trading giants Vitol and Glencore are set to formally bid to buy Chevron’s 50% stake in a major refinery in Singapore, Reuters reported on Wednesday, citing several sources with…

Chevron and Israel to Build Gas Pipeline to Egypt

Chevron and state-owned Israel Natural Gas Lines Ltd have signed an agreement to build a natural gas pipeline from Israel’s giant Leviathan gas field to Egypt, Leviathan project participant NewMed…

Oil Retreats But Geopolitical Jitters Limit Declines

Summary Concerns over potential Russian supply disruption support prices Markets eye Fed meeting for clues on economy US crude stockpiles fell last week, industry data shows (Reuters) – Oil prices…

Chinese Teapots Start Buying Crude for Two Refineries

Two independent Chinese refiners have started buying feedstock for two bankrupt refineries that they acquired from a state-owned company, Reuters has reported, citing trade sources without naming them. Qicheng Petrochemical…

Al Gore Accuses Trump of “Bullying” Countries on Climate Goals

President Donald Trump is “bullying” countries into revising their climate change targets, net-zero advocate Al Gore has said, adding that the current U.S. administration was “actively attempt[ing] to slow down…

Egypt’s Oil and Gas Output Rebounds After Four-Year Decline

After four years of declines, Egypt’s oil and gas production has started to rise in recent weeks, providing much-needed relief to the import bill of the North African country.  …

Indian Petrochemicals Giant Haldia Eyes Major Asian Expansion

Haldia Petrochemicals, one of India’s biggest petrochemicals companies, looks to raise trading volumes by 30% and hire more traders as it expands in the key Asian petrochemicals market, sources with…