Top news roundup: BP, TotalEnergies, Q4, US hearings on LNG pause kick off

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Q4 2023 results season concluded this week with BP, TotalEnergies, Equinor and ConocoPhillips reporting losses for 2023, but good performance during the final three months of the year.

Australia hit the headlines firstly on Monday, when the Australian Energy Producers group called for massive reform of LNG regulation down under and then later when Australian gas heavyweights Santos and Woodside confirmed Wednesday they had called off talks on a potential USD 52 billion merger.

In the US, President Biden’s decision to pause LNG export permitting amid a full review announced last month hit the Senate floor with hearings at the House Subcommittee (on energy, climate, and grid security) on Tuesday, and then the Senate Committee on Energy & Natural Resources on Thursday.

On Thursday, TotalEnergies CEO Patrick Pouyanné claimed work could soon resume on the stalled Mozambique LNG project,  ending a three-year hiatus on the project which was suspended due to terrorist attacks in 2021.

Here’s your weekly catch up service of the top issues that made the news this week:

Why BP chose Kate Thomson for the top finance job

Australian energy body urges new gas plans, regulatory fix to avoid another Barossa setback

Venture Global signs 16-year capacity agreement with UK’s Grain LNG terminal

Biden LNG export halt: Witness panel unveiled ahead of full committee hearing

BP’s earnings slide despite higher gas trading and marketing over Q4’23

Gas industry braced for battle as scrutiny begins on Biden's LNG export ban

Mitsui exec says methane leaks from older LNG-powered tankers are limiting fuel’s climate benefit

EC says carbon capture key to reaching 90% CO2 cutback by 2040

TotalEnergies income slides 31% in Q4 ‘23 despite solid LNG division performance

Equinor sees Q4 ‘23 profits slump, CEO highlights signs of gas demand recovery

Santos-Woodside merger talks called off on lack of ‘combination benefits’

EC’s preliminary findings say PPC abused dominant position in Greek power

TotalEnergies CEO says US pause on LNG is ‘good for Mozambique’ as firm plans restart in coming months

EIG's MidOcean Energy builds out gas portfolio with 20% Peru LNG stake

US defends decision to pause LNG export permits in tense hearing with senators

ConocoPhillips reports 41% 2023 profit fall

Aker BP prepares for 'drill or drop' decision on Norway CCS

Contact the editor:

Roberto Simmons
[email protected]

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