South Korea’s Early Exports Slump, Hitting Global Rebound Hopes
South Korean exports in the first part of July fell at the fastest pace since March, dampening hopes that a slowdown in global trade might be turning a corner.
South Korea’s Early Exports Slump, Hitting Global Rebound Hopes
South Korean exports in the first part of July fell at the fastest pace since March, dampening hopes that a slowdown in global trade might be turning a corner.
South Korea’s Early Exports Slump, Hitting Global Rebound Hopes
South Korean exports in the first part of July fell at the fastest pace since March, dampening hopes that a slowdown in global trade might be turning a corner.
N.J. man found dead after geocaching on vacation in Louisiana
Authorities have found what they believe are the remains of a Cumberland County man who went missing this week while on vacation in Louisiana, officials said.
Exxon Looks To Double Its LNG Portfolio By 2030
Exxon Looks To Double Its LNG Portfolio By 2030
By Charles Kennedy of OilPrice.com
ExxonMobil aims to nearly double the volumes of liquefied natural gas it is handling to more than 40 million tons per year by 2030, a top executive at the U.S. supermajor has told Nikkei in an interview.
“We’re very bullish about the growth opportunities in natural gas and LNG. When you think about that in the portfolio with a corporation, investing in more LNG is certainly part of the strategy,” Andrew Barry, vice president in charge of LNG marketing at Exxon, told the publication.
Currently, Exxon is estimated to handle around 22 million tons of LNG annually.
LNG is one of the oil and gas giant’s priority investment areas this decade, alongside the U.S. Permian Basin, Guyana, and Brazil. Exxon’s corporate plan through 2027 includes expectations that its upstream earnings potential is set to double by 2027 compared to 2019, resulting from investments in high-return, low-cost-of-supply projects. More than 70% of capital investments by 2027 will be deployed in strategic developments in the Permian, offshore Guyana, Brazil, and LNG projects around the world, Exxon said in December.
Exxon is developing LNG projects in Mozambique and Papua New Guinea, while it signed last year an agreement with QatarEnergy to take 25% in a joint venture, which in turn will own 25% of the entire North Field East project, including four LNG trains with a combined nameplate capacity of 32 million tons per year. First LNG from North Field East, one of Qatar’s flagship megaprojects to boost its LNG export capacity, is expected in 2026.
QatarEnergy and ExxonMobil also have a joint project in the United States, the Golden Pass LNG Terminal in Sabine Pass, Texas, which is expected to start up in 2024. Last autumn, Exxon and the Qatari state-owned firm agreed to independently market Golden Pass LNG volumes. ExxonMobil will market 30% of Golden Pass LNG volumes.
Tyler Durden
Thu, 07/20/2023 – 14:25
‘SNL’ star James Austin Johnson is on tour. How much are tickets?
Here’s how you can see the ‘Saturday Night Live’ cast member live.
Kyiv imposes ban on Russian-language culture
A temporary ban has been imposed on Russian art and culture in the Ukrainian capital. Human rights activists say the move is discriminatory and unconstitutional.
Grand jury declines to indict N.J. cop who killed machete-wielding man
A state grand jury has declined to indict a South Jersey police officer who shot a machete-wielding man to death last year.
Ask Amy: I have a friend who constantly gives me gifts that I don’t want or can’t use
DEAR AMY: Every year for Christmas and my birthday I have one friend that gives me a gift that I don’t want or can’t use.
The gifts that she gave me last year have been in the trunk of my car since she gave them to me in December (my birthday is Dec. 27).
Director Peter Nicks and Producer Ryan Coogler talk ‘Stephen Curry: Underrated’
Reckon reporter Daric L. Cottingham spoke with Stephen Curry: Underrated director/producer Peter Nicks and producer Ryan Coogler at Sundance 2023 to discuss their motivation in making a full-length documentary on the life of NBA champion Stephen Curry. Nicks discusses shifting from focusing on an institution to a single individual subject and how he approaches storytelling for Black stories. While Coogler speaks about the meaning of this moment for his production company, Proximity Media, and the tasks behind producing the company’s first feature-length documentary film.