Nicholas Cunningham

1 week ago | gasoutlook.com | Nicholas Cunningham

The Trump administration has issued a new rule aimed at requiring a portion of U.S. LNG exports to be made on U.S.-made tankers in the coming years, with the aim of cutting its dependence on Chinese-built ships. But the oil and gas industry is warning that the requirement is “not feasible” and poses risks to LNG exports. The rule issued in late April would require 1 percent of LNG exports, by volume, to be done on U.S.-built and flagged ships by 2029.

1 week ago | gasoutlook.com | Nicholas Cunningham

Oil majors have reported a steep drop in quarterly profits, weighed down by the trade war, weakening demand, and rising costs. The first quarter was the worst three-month period for some of the largest integrated oil companies in years, and the outlook going forward is negative. Chevron’s earnings dropped to $3.5 billion in the first quarter, down a third from the same period in 2024. ExxonMobil’s earnings also fell, although the company beat expectations.

1 week ago | gasoutlook.com | Nicholas Cunningham

The U.S. LNG industry has seen some interest from overseas buyers in recent weeks, but commercial headwinds from the trade war, rising project costs, and weak demand are still weighing on the entire sector. In mid-April, TotalEnergies agreed to purchase 1.5 million tonnes per year of LNG from NextDecade’s Rio Grande LNG Train 4.

2 weeks ago | gasoutlook.com | Nicholas Cunningham

Analysis US & CanadaDrilling U.S. drilling activity is expected to slow dramatically this year, weighed down by tariffs, erratic policy from the Trump administration, weak demand and economic malaise. Oil prices dropped sharply in the past few weeks, collapsing immediately after Trump launched a trade war against much of the world.

3 weeks ago | gasoutlook.com | Nicholas Cunningham

The global gas industry is getting caught up in the trade war, and gas may be increasingly viewed as a source of risk rather than a solution to energy security, according to industry experts. Several years after Russia’s invasion of Ukraine, which saw global gas prices spike and a rush of new investment in LNG export terminals, LNG is now the subject of cost uncertainty and increasing trade risk, raising doubts about future deals.