First U.S. LNG cargo sets sail

Daniel J. GraeberHOUSTON, Feb. 25 (UPI) — The first cargo of liquefied natural gas sourced from inland shale basins in the United States is on its way to Brazil, shipping monitors confirmed.

British oil and gas production rises

Daniel J. GraeberLONDON, Feb. 25 (UPI) — Total British net energy production increased last year for the first time in nearly 20 years in part because of new gas output, the government said.

Continental Resources calls for patience

Daniel J. GraeberOKLAHOMA CITY, Feb. 25 (UPI) — U.S. shale leader Continental Resources reported a net loss for the fourth quarter and said it would trim spending in an effort to return value to shareholders.

Sustainment deal for Iraqi planes approved

Richard TomkinsWASHINGTON, Feb. 24 (UPI) — The U.S. State Department has approved a $350 million Iraqi request for aircraft sustainment services through the U.S. Foreign Military Sales program.

Chesapeake Energy to focus on divestments

Daniel J. GraeberOKLAHOMA CITY, Feb. 24 (UPI) — U.S. natural gas company Chesapeake Energy said it would focus on divestments as it trims its spending forecast for 2016 by more than 50 percent.

U.S. oil sent to Israeli refineries

Daniel J. GraeberAMSTERDAM, Netherlands, Feb. 24 (UPI) — Dutch oil trader Trifigura confirmed it delivered a cargo of crude oil sourced from U.S. basins to Israeli refineries in an early start for U.S. oil deliveries.