Chart Talk News Today

Quantum Energy Partners-backed LNG project on Mexico’s West Coast to rely on gas from the Permian Basin.

For the upcoming week, Stratas Advisors expects oil prices to be under pressure and may test $90 again, with the price of Brent not able to break through $95 last week.

More oil industry changes are still needed before Venezuela, which is producing less than 800,000 bbl/d, will be able to just break the 1 MMbbl/d barrier, the country’s top economic consultancy says.

Tellurian Inc., which is developing the Driftwood LNG LLC project in Lake Charles, is looking to double its authorized shares amid an ongoing search for up to $2 billion in equity funding to move the project forward.

Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young spoke with Hart Energy at CERAWeek by S&P Global to discuss gas production and bid rounds, as well as capturing flared gas and the restructuring of Atlantic LNG.

INEOS Energy Chairman Brian Gilvary told Hart Energy the $1.4 billion Chesapeake acquisition adds “good, economic barrels to add to [the company’s] portfolio.”