US petroleum products exports set new record in 1H23
The EIA reports that US exports of petroleum products grew by 2% to nearly 6 million bpd in 1H23.
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The EIA reports that US exports of petroleum products grew by 2% to nearly 6 million bpd in 1H23.
NextDecade has announced that its subsidiary, Rio Grande LNG, has entered into a credit agreement with a group of lenders for US$356 million of senior loans.
Monthly average natural gas wholesale spot prices at the US benchmark Henry Hub have been generally declining so far in 2023, but these relatively low prices do not immediately translate into lower retail prices for residential consumers.
ExxonMobil has announced the startup of two new chemical production units at its Baytown, Texas, US, manufacturing facility.
Use of energy for transportation remained low in the US during 2021 compared with pre-pandemic levels and only increased in 12 states.
The US exported more natural gas in 1H23 than in any other previous six-month period, 11% more than in the same period in 2022.
Sempra Infrastructure has announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.
DNV has acquired ANB Systems to enhance its digital energy management capabilities and accelerate the energy transition.
Production cuts among OPEC+ members are limiting availability of medium and heavy sour grades of crude oil and contributing to higher relative prices for these grades, reversing typical price relationships.
Venture Global LNG has announced its long-term expansion plan to increase production from 70 million tpy to more than 100 million tpy of nameplate LNG export capacity.
The US exported more LNG than any other LNG-exporting country in the first six months of 2023.
Brightmark RNG Holdings LLC, a joint venture (JV) partnership between Chevron and Brightmark Fund Holdings LLC, have announced the delivery of the first renewable natural gas (RNG) from its Larson Project in Okeechobee County, Florida, US.