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NextDecade Secures 20-Year, 2.0 MTPA LNG Offtake Deal with JERA for Rio Grande Train 5
NextDecade Corporation has announced the execution of a significant 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with JERA, Japan’s largest power generator. The agreement secures 2.0 million tons per annum (MTPA) of LNG from Train 5 at the Rio Grande LNG Facility. Terms of the Agreement As...
TotalEnergies Sells Nigerian Offshore Stake to Shell Amid Portfolio Shift
TotalEnergies has announced the sale of its 12.5% non-operated interest in the OML118 Production Sharing Contract (PSC) to Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for $510 million. This transaction reflects TotalEnergies' ongoing strategy to optimize its upstream portfolio and focus on low-cost, low-emission assets. OML118 Overview and Production...
Chevron Begins Production at Ballymore Oil and Gas Project in Deepwater Gulf of Mexico
Chevron Corporation has begun oil and gas production at its Ballymore subsea tieback development in the deepwater Gulf of Mexico. The project supports the company’s wider objective of achieving 300,000 net barrels of oil equivalent per day from the area by 2026. Efficient Tieback to Blind Faith Platform The Ballymore...
NextDecade Signs LNG Offtake Agreement with TotalEnergies for Rio Grande LNG Train 4
NextDecade Corporation announced that TotalEnergies has officially exercised its liquefied natural gas (LNG) purchase option for Train 4 at the Rio Grande LNG Facility. As part of this move, the subsidiaries of the two companies entered into a 20-year LNG Sale and Purchase Agreement (SPA), reaffirming their long-term partnership. Key...
