*Buying interest seen from China, S Korea- traders. Spot prices for May delivery to Northeast Asia climbed to $5.25 per million British thermal units this week, up 75 cents, or nearly 17 percent, from the previous week, trade sources said. As of Friday morning, Brent crude oil prices have risen by 3 percent since April 1, supported by ongoing supply cuts led by the...
SINGAPORE/ SHANGHAI, April 3- U.S. producers of liquefied natural gas are wooing buyers with offers to sell gas priced against benchmarks other than U.S. domestic prices, ahead of an expected flood of supplies on global markets this year. The United States, the world's fastest growing gas exporter thanks to surging output from shale fields, is set to become the...
SHANGHAI, April 3- French oil and gas major Total SA and U.S. company Tellurian Inc have signed deals supporting the development of the proposed $30 billion Driftwood liquefied natural gas project, the two firms said on Wednesday. Under a non-binding heads of agreement, Total will invest in Driftwood Holdings and will offtake 2.5 million tonnes per annum of LNG.
Energy Secretary Rick Perry said on Tuesday that Congress should consider whether to shrink the government's emergency oil reserve as the boom in domestic oil production has cut reliance on petroleum imports. The Strategic Petroleum Reserve, which stores crude oil in a series of salt caverns at heavily guarded sites on the Texas and Louisiana coasts, was...
March 27- Sempra Energy is working aggressively to become one of the biggest liquefied natural gas exporters in North America, the California energy company's Chief Executive Jeff Martin told Reuters on Wednesday. Sempra is developing five projects- Cameron phases 1 and 2 in Louisiana, Port Arthur in Texas and Costa Azul phases 1 and 2 in Baja California in...
LNG Ltd had hoped to make a final investment decision in late 2018 the trade dispute with China and current low LNG prices were making it difficult for LNG developers to sign long-term deals with customers. That, coupled with historically low prices, and people don't feel much urgency to sign long-term deals, " Greg Vesey, chief executive of LNG Ltd, told Reuters at...
KANSAS CITY, Mo., March 21- Missouri's governor declared a state of emergency on Thursday as floodwaters that left a swath of destruction across Nebraska and Iowa surged downstream, swamping small towns, roads and farmland in the U.S Midwest. Flooding triggered by last week's so-called "bomb cyclone" storm has already inflicted damage estimated at nearly $1.5...
VALLEY, Neb., March 21- As icy floodwaters fed by rains and melting snow receded in Nebraska and Iowa, leaving destroyed homes, drowned cattle and swamped farmland, Midwestern states downstream on Thursday braced for a relentless surge along the Missouri River, with more rain expected. Flooding from last week's storm has already caused nearly $1.5 billion in...
VALLEY, Neb., March 21- As icy floodwaters fed by rains and melting snow receded in Nebraska and Iowa, leaving destroyed homes, drowned cattle and swamped farmland, Midwestern states downstream on Thursday braced for a relentless surge along the Missouri River, with more rain expected. Flooding from last week's storm has already caused nearly $1.5 billion in...
LONDON, March 19- Another 100 tonnes of zinc were loaded out of the London Metal Exchange warehouse system on Monday. The LME three-month price rose to an eight-month high of $2,882 per tonne last week, up 18 percent this year, before easing slightly to current levels of $2,800. The exchange's stock reports have thrown up many surprises over the intervening years,...
LONDON, March 19- Another 100 tonnes of zinc were loaded out of the London Metal Exchange warehouse system on Monday. The LME three-month price rose to an eight-month high of $2,882 per tonne last week, up 18 percent this year, before easing slightly to current levels of $2,800. The exchange's stock reports have thrown up many surprises over the intervening years,...
Louisiana Attorney General Jeff Landry joins "Squawk Alley" to discuss mounting calls to break up some of the biggest tech names like Google, Facebook and Apple.
March 16- Non-invasive heart valve replacement systems from Medtronic Plc and rival Edwards Lifesciences Corp proved as good or better than open heart surgery in younger, more active patients for whom the surgical option was deemed low risk, according to trial results presented on Saturday. An estimated 165,000 low-risk patients suffer from severe aortic...
March 15- Texas LNG's proposed Brownsville liquefied natural gas export terminal in Texas took a step toward receiving federal approval for construction on Friday after staff at the federal energy regulator prepared a final environmental report. Texas LNG's project is one of dozens of LNG export terminals under development in the United States, Canada and...
But revenues have fallen short of forecasts by half, leaving Louisiana with a gap in financing for a $50 billion plan for projects to raise levees, build flood gates, widen evacuation routes and protect its eroding coastline. The stakes are particularly high for Louisiana, which has lost about 2,000 square miles of land over the last century because of...
Wellington Management Company LLP's decision last month to speak out against drug maker Bristol-Myers Squibb Co's proposed $74 billion acquisition of Celgene Corp, calling what would be the largest-ever pharmaceutical takeover too risky and expensive, sent ripples across the investment world. This is because these tactics have typically been the...
March 14- The U.S. Coast Guard closed the Mississippi River to all vessel traffic on Thursday near Baton Rouge, Louisiana, after a towboat sank in the major commodity shipping waterway. The river was closed from mile marker 224.5 to 226 while a Coast Guard team monitors the water for any signs of pollution and an Army Corps of Engineers crew searches for the sunken...
NEW ORLEANS, March 14- Global economic uncertainty will lead to a slowdown in corporate mergers and acquisitions in 2019, a top Citigroup Inc investment banker said on Thursday. "We are heading into 2019 with substantially less momentum than in 2018," Mark Shafir, Citigroup's global co-head of mergers and acquisitions, told the Tulane Corporate Law Institute...
*India sees LNG imports providing half of its gas needs by 2030. India last year was the fifth largest importer of U.S. "Traditional suppliers like Qatar or Russia have shown a lot of flexibility in recent past where they have modified their contracts, re-negotiated their contracts, aligned them to the market," Tripathi said in a brief interview.
WASHINGTON, March 11- Rapidly expanding exports of U.S. fossil fuels, including liquefied natural gas, serve as leverage in trade negotiations with China, Energy Secretary Rick Perry said on Monday. The United States is the world's fastest-growing exporter of LNG and China is the fastest-growing importer of the fuel. Perry did not explain how leverage could be...
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