Jamison Cocklin

1 week ago | naturalgasintel.com | Jamison Cocklin |Jacob Dick |Christopher Lenton |Andrew Baker

ConocoPhillips, the world's largest independent oil and gas producer, has no plans to scale back operations as commodity prices and energy demand waver amid a global trade war, despite what CEO Ryan Lance said is a market characterized by “uncertainty and volatility.” Lance told analysts during a call on Thursday to discuss first quarter earnings that the company has decades of inventory it can develop below its $40/bbl West Texas Intermediate (WTI) cost threshold both in the United States...

1 week ago | naturalgasintel.com | Jamison Cocklin |Jacob Dick |Christopher Lenton |Andrew Baker

TotalEnergies SE is aiming to restart construction at its long-delayed Mozambique LNG project in Africa now that financing for the project has been revived. Management said during a recent call to discuss first quarter earnings that it plans to resume work on the 12.9 million tons/year (Mt/y) project by the middle of the year. The company declared a force majeure and stopped work on the project in 2021 amid rising violence and security threats posed by insurgents in Cabo Delgado province.

1 week ago | naturalgasintel.com | Jamison Cocklin |Jacob Dick |Christopher Lenton |Andrew Baker

Cheniere Energy Inc. management said Thursday it expects to have four liquefaction trains online at its Corpus Christi Stage 3 LNG project in South Texas by the end of this year, while management is increasingly confident the company may soon sanction another expansion at the facility. CEO Jack Fusco said during a call to discuss first quarter earnings that three trains at the Stage 3 project should be completed and in service by the end of the year.

1 week ago | naturalgasintel.com | Jamison Cocklin |Jacob Dick |Christopher Lenton |Andrew Baker

U.S. LNG projects have continued to gain momentum this year despite a trade war that has cast uncertainty over the global economy. Binding sales and purchase agreements (SPA) have been signed by multiple U.S. export projects to sell nearly 10 million tons/year (Mt/y) of the super-chilled fuel. Other deals have been inked or are advancing for equity stakes in export plants planned for the Gulf Coast.

1 week ago | naturalgasintel.com | Jamison Cocklin |Jacob Dick |Christopher Lenton |Andrew Baker

Global natural gas prices continued to slide on Monday, following oil lower as energy demand remains weak amid the trade war. Over the weekend, OPEC-plus announced another increase in oil production for the second consecutive month. The move pushed Brent crude below $60/bbl during Monday trading, making natural gas alternatives increasingly attractive.