OPEC, for some quiet moments..

[admin]

West Virginia was the biggest recipient of the $250 billion of investments signed during President Donald Trump’s visit to China. China Energy Investment Corp. plans to invest $83.7 billion in shale gas development and chemical manufacturing projects in the state over two decades, according to a statement from the state’s Department of Commerce.

China Energy Investment plans to invest billions in U.S. shale gas development

Total has signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49 billion. This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron LNG project in the US, long term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe. Additional payments of up to $550 million could be payable by Total in case of an improvement in the oil markets in the coming years.

Total acquires Engie’s upstream business, becomes second-largest global LNG player

ConocoPhillips has sent a clear signal to global energy markets: For all the recent talk of caution among U.S. drillers, the industry is still in growth mode. The world’s biggest independent oil explorer said on Wednesday it expects its capital spending to average about $5.5 billion a year in the next three years, according to a statement released before its annual analyst conference in New York. That would be $1 billion, or 22%, over what Houston-based Conoco has forecast for its budget this year.

Conoco's $1-billion boost signals staying power of U.S. oil

Crude resumed its march toward levels last seen in 2015 as escalating tensions in Saudi Arabia and throughout the Mideast raised concerns about stability in the oil-rich region. Futures advanced as much as 1.3% in New York. Saudi Arabia’s elite were said to be scrambling to shift assets out of the region amid an expanding anti-corruption crackdown that’s ensnared dozens of royals and investors. Separately, the kingdom advised its nationals to leave Lebanon, which is in the cross-hairs of intensifying tension between Saudi Arabia and Iran.

Crude approaches 28-month high as Saudi crackdown intensifies