LNG

Free ReadPOSCO International, the energy unit of the South Korean steel-producing and industrial group, has joined with Indonesian state-owned oil and gas company PT Pertamina to win the exploration and production licence for the Bunga gas block offshore Java as Korea's LNG import facilities are expanding. “A consortium involving POSCO International…

INEOS, the UK-based European chemicals company with increasing LNG interests, is entering the US oil and gas production sector for the first time with the acquisition of a portion of Chesapeake Energy’s assets in the Eagle Ford shale basin in south Texas for $1.4 billion.

Pioneer Natural Resources, the biggest Texas oil producer and the largest acreage holder in the oil and gas-rich Permian Basin of the southwest US, reported fourth-quarter profits that were better than expected and said it would push ahead with drilling, completions, facilities and water infrastructure spending of up to $4.75…

Tellurian Inc., the US LNG developer of the Driftwood project near Lake Charles in Louisiana, said it ended the fourth quarter of 2022 with the first phase of Driftwood LNG under construction and $474.2 million of cash and cash equivalents available as short-term financing and operating costs.