Positive Industry News and Events
Downstream
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Marubeni and ExxonMobil’s low-carbon ammonia deal marks major step in unleashing new energy supply
ExxonMobil will supply approximately 250,000 tonnes of low-carbon ammonia annually on a long-term basis to Marubeni. The deal will drive new energy supply, support jobs, and strengthen U.S. and Japanese industrial cooperation. Spring, Texas, U.S., and Tokyo, Japan — Marubeni Corporation (Marubeni) and Exxon Mobil Corporation (ExxonMobil) (NYSE: XOM) have signed a long-term offtake agreement… More
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Venture Global Announces Closing of $3,000,000,000 Bank Loan Facility for CP2
This Article Brought to You By: Announcement follows recent $2.5 billion Plaquemines bond transaction, bringing total capital markets transactions to $5.5 Billion in the last two weeks Arlington, Va. — Venture Global, Inc. (“Venture Global”) announced today that its subsidiary, Venture Global CP2 LNG, LLC (“CP2”) has secured commitments from 19 banks for a $3.0… More
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Woodside Approves $17.5B Louisiana LNG Project
Woodside Energy has officially approved the development of its three-train, 16.5 million tonnes per annum (Mtpa) Louisiana LNG project, with first production targeted for 2029. The decision marks a pivotal milestone for the Australian energy company as it deepens its presence in the United States and aims to operate more than 5% of the global… More
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ExxonMobil to Invest $100M in Baton Rouge Complex to Support U.S. Chip Manufacturing
ExxonMobil has announced a $100 million investment in its Baton Rouge chemical facility to enhance production of ultra-high purity isopropyl alcohol (IPA), a critical chemical for U.S. semiconductor manufacturing. The project will focus on upgrading the legacy chemical plant within the company’s Baton Rouge Complex, enabling production of 99.999% pure IPA, essential for next-generation microchips…. More
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Energy Transfer Signs Agreement With MidOcean Energy to Jointly Develop Its Lake Charles LNG Export Facility
MidOcean Energy to Fund 30.0% of Project Costs and be Entitled to 30.0% of LNG Production DALLAS & LONDON–(BUSINESS WIRE)–Apr. 9, 2025– Energy Transfer LP (NYSE: ET) and MidOcean Energy (“MidOcean”) today announced that Energy Transfer’s subsidiary, Energy Transfer LNG Export, LLC, has entered into a Heads of Agreement (HOA) related to its Lake Charles… More
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CF Industries Announces Joint Venture with JERA Co., Inc., and Mitsui & Co., Ltd., for Production and Offtake of Low-Carbon Ammonia
NORTHBROOK, Ill. – April 8, 2025 – CF Industries Holdings, Inc. (NYSE: CF), the world’s largest producer of ammonia, announced today that it has formed a joint venture with JERA Co., Ltd. (JERA), Japan’s largest energy company, and Mitsui & Co., Inc. (Mitsui), a leading global investment and trading company, for the construction, production and… More
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$5.7 Billion Investment: Woodside Announces Louisiana LNG Partnership With Stonepeak
Woodside has entered into a binding agreement with Stonepeak, a leading global investment firm specialising in infrastructure and real assets, for the sale of a 40% interest in Louisiana LNG Infrastructure LLC, providing validation of project quality and increasing attractiveness of the project to other potential equity partners. The transaction significantly reduces Woodside’s capital expenditure… More
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$1BILLION ACQUISITION: Excelerate Energy Advances Growth Strategy w/ Acquisition of Jamaica Downstream LNG & Power Infrastructure Business from New Fortress Energy
Addition of Complementary, Fully Integrated Downstream LNG and Power Platform Establishes Excelerate as the Key Provider of “Last-Mile” LNG Infrastructure in a Desirable Atlantic Basin Natural Gas Market Assets and Operations Generate Stable Cash Flows Supported by Attractive Long-Term Contracts with High-Quality Counterparties and Pipeline of Potential Growth Opportunities Acquisition Is Immediately Accretive to Earnings… More
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Shell Raises Shareholder Returns and Doubles Down on LNG at Capital Markets Day 2025
Shell unveiled a strategic shift during its Capital Markets Day 2025, reinforcing its commitment to shareholder value and its position in the liquefied natural gas (LNG) market. The company announced an increase in shareholder distributions from 30-40% to 40-50% of cash flow from operations, prioritizing share buybacks while maintaining its progressive 4% annual dividend growth… More
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