Exxon seeks bidders for Rovuma LNG warranty services
ExxonMobil has invited bidders for marine warranty survey services for the first phase of its Rovuma LNG project in Mozambique, with expressions of interest due July 15 at 14:00 Maputo time.
Exxon to supply LNG to South Africa’s first regas terminal
Exxon Mobil has signed a preliminary LNG supply agreement with Zululand Energy Terminal (ZET), South Africa’s planned first LNG import facility, as the US energy major seeks to grow its global LNG supply to more than 40 mtpa by 2030.
Woodside denies Exxon takeover bid
Woodside Energy said on Monday it is not aware of any takeover proposal Exxon Mobil and is not engaged in any such discussions. There is no certainty Exxon will proceed with a bid, as both companies continue to collaborate on the Bass Strait project.
Santos, Exxon take FID on Agogo tie-in to PNG LNG
Papua New Guinea (PNG) LNG partners – notably Santos and ExxonMobil – have approved a final investment decision to tie in the Agogo production facility in a bid to bolster feedstock and sustain LNG exports to 2028, and beyond.
Vietnam may scrap 4.8 GW LNG-fuelled power for renewables
Vietnam’s Vingroup has proposed scrapping plans for what would have been the country’s largest LNG-fired power plant and replacing it with a renewable‑plus‑battery scheme, as soaring LNG prices make the 4.8 GW Hai Phong venture financially unviable.
Santos eyes $27 billion Papua LNG funding mix with heavy debt
Australian oil giant Santos is targeting a roughly US$27 billion capital spend for its integrated Papua LNG–PNG LNG expansion hub in Papua New Guinea, with up to three-fifths to be covered by debt finance.
Exxon lifts force majeure on Rovuma LNG
ExxonMobil has withdrawn the force majeure clause on its Rovuma LNG project in Mozambique, targeting a financial investment decision (FID) in early 2026. Situated in Cabo Delgado, the project will consist of two Train with a combined liquefaction capacity of 18 mtpa.
Shale gale set for growth beyond the US
ExxonMobil, Chevron, ConocoPhillips and Occidental Petroleum have cemented the shale gale in the US, home to 80% of global unconventional oil and gas production. Yet, fracking makes inroads in Saudi Arabia, China, Argentina.
US LNG industry seeks exemption from Trump’s shipping rule
The American Petroleum Institute (API), whose members include Exxon Mobil, Chevron and Cheniere Energy, is calling on President Trump to exempt LNG tankers from a new rule. The novel regulation mandates producers to move 1% of their exports on US-built ships starting from April 2028, and that share would rise to 15% from April 2047 onwards.
The policy sent shockwaves through the industry when announced by the US Trade Representative on April 17. In a first response, API told the U.S. Energy Secretary Chris Wright and National Energy Dominance Council Chair Doug Burgum the ruling would risk to counteract progress of the Trump administration towards unleashing US LNG sales.
Individual US LNG vendors who do not comply with the rule risk to lose their export licenses, even though the percentages apply to the overall shipping industry and to vessels that LNG exporters do not own and control, API warns.
Quest to get rule abolished
The industry group has rushed to foster closer relation with USTR in a quest to get the rule amended, if not abolished. The aim is to ensure “feasible and durable policies that benefit consumers and advance American energy dominance," said Aaron Padilla, API's vice president of corporate policy.
Today, there are 792 LNG carriers in operation around the world, according to the AXS Marine shipping consultancy. Out of that total, the number of ships built in South Korea and Japan is 703 combined. Some 58 LNG carriers were built in China – and just five come from US shipyards and these 1970-era ships are laid up and currently not in operation, AXS Marine specified.
Unfeasible deadline
There is no way that US shipyards can churn out vessels fast enough to meet the deadline set by USTR and the Trump administration, market participants warn. "There are no such vessels in existence today, and building them would take decades, making compliance impossible for the industry," Charlie Riedl, executive director at the Center for LNG, told Reuters in a statement.
In fact, it would take five years to build one LNG carrier at either of the two American shipyards that have sufficiently long docks to build such a vessel. API CEO Mike Sommers hence urged the Trump administration “to exempt crude oil and refined product imports and exports - consistent with this Administration's approach to exempt these same products from baseline and reciprocal tariffs.”
Moody’s sees IOCs adapt to ‘low-carbon transition risk’
Hazards of oversupply are preoccupying International Oil Companies (IOCs) as less carbon-intensive sources of energy compound the risk of future oil and gas oversupply. Still, Moody's analysts are convinced oil majors will tackle these new issues through a triad of conservative financial policies to strengthen balance sheets, capital discipline, and robust long-term planning that anticipates secular shifts – like the global trend towards renewables and energy storage.
