article thumbnail

TotalEnergies to Form LNG Bunkering JV with CMA CGM

Rigzone

cubic feet) LNG bunker vessel by 2028. TotalEnergies also agreed to supply Marseille-based CMA CGM with up to 360,000 metric tons of LNG annually from 2028 to 2040. The supply will support CMA CGM’s expansion of its LNG-powered fleet to 123 vessels by 2029, the statement said. As part of the $1.6-billion

article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

Between 2026 and 2028, the global LNG market is set to experience its largest ever capacity growth, with the USA set to nearly double its export capacity. Global refinery investment in 2025 is set to fall to its lowest level in the past 10 years.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why electricity prices are surging for U.S. households

CNBC: Energy

Use is projected to double or triple by 2028, the agency said. electricity by 2028, up from 4.4% Energy Department. Data centers are expected to consume up to 12% of total U.S. in 2023, the Energy Department said. They're "energy hungry," Curran said.

article thumbnail

Oil giant Shell posts profit beat, keeps share buyback pace steady at $3.5 billion

CNBC: Energy

Earlier in the year, the company set a cost reduction target of $5-7 billion by the end of 2028. 'You can be sure of Shell' Shell on Thursday said that it achieved structural cost reductions of $800 million through the first six months of 2025, bringing cumulative reductions since 2022 to $3.9 billion on a quarterly basis.

Oil
article thumbnail

The Top 5 Things Chevron Will Focus On for the Remainder of 2025

Oil Gas Leads

Plan: Use Direct Lithium Extraction (DLE) for EV and grid storage supply chains Competitive advantage: Fluid handling expertise from oil & gas operations Lithium demand is expected to quadruple by 2030—and Chevron wants in early. 1 to build behind-the-meter power plants supplying natural gas to hyperscale AI data centers.

article thumbnail

This uranium company wants to break the grip that foreign state corporations have on U.S. nuclear fuel

CNBC: Energy

nuclear fuel supply chain and create competition in the market. will require a tremendous amount of fuel, but the country remains heavily dependent on foreign state-owned companies for its supplies, the CEO of the only publicly traded uranium enricher in the world told CNBC. nuclear fuel supply chain.

article thumbnail

SLB lands major drilling contract for Woodside’s ultra-deepwater Trion development

Oil & Gas 360º

We will also leverage the strategic investments weve made in local talent and supply chains in Mexico, which will help support the on-time delivery of this project. First production is targeted in 2028. Services will begin in early 2026 and be managed through SLBs Performance Live digital service delivery centers.