Venture Global’s CP LNG Loses Arbitration to BP, Owes Big Money
Venture Global’s Calcasieu Pass (CP) LNG export facility in Louisiana began operations in March 2022 (see Calcasieu Pass LNG Loads Inaugural Cargo; Sabine Pass LNG Expands). Typically, a new LNG facility will load and ship several (maybe two or three) cargoes to “work out the kinks” and ensure everything is working as advertised. Venture Global, using loopholes in its signed contracts, maintained that they were working out the kinks long after it began shipping. After hundreds of cargoes were shipped, CP’s customers were still not receiving their contracted (at lower prices) shipments. Shell, along with several other customers, sued (see Shell, Edison, BP File for Arbitration Against Venture Global LNG). Last week, BP won its case against Venture Global. Read More “Venture Global’s CP LNG Loses Arbitration to BP, Owes Big Money”
The mighty BP (formerly British Petroleum) is an oil and natural gas company attempting to transition into a renewable energy company. They’re failing. BP is having an identity crisis. It’s a European company and has bought into the false narrative that fossil energy is on the way out (“transitioning” to so-called renewables) due to concerns over mythical global warming. BP’s recently published Annual Energy Outlook for 2025 report (full copy below) takes a different approach from previous versions of the report. It offers two scenarios: What will happen between now and 2050 if we don’t change anything, called “Current Trajectory,” which means humans will turn Earth into a burning hell; and what will happen if the world finally gets serious about mythical global warming and commits to ensuring temperatures don’t rise more than 2 degrees Celsius, called “Below 2°.” 
A judge has dismissed New York City’s lawsuit seeking to hold Exxon Mobil, BP, and Shell liable for misleading the public about their products and claims that their commitment to renewable energy and fighting climate change are false. The case was so weak not even a Democrat judge appointed by Kathy Hochul could stomach it. In her ruling, Justice Anar Rathod Patel told the city it could not have it both ways. The city claimed its residents knew about mythical climate change and how it is caused by burning nasty fossil fuels. Yet the city’s lawsuit claims Big Oil has tricked people into using fossil energy with false and misleading advertising. Patel wrote, “The city cannot have it both ways.” Touché! 
Venture Global’s Calcasieu Pass LNG export facility received Federal Energy Regulatory Commission (FERC) authorization to place the final three liquefaction blocks (7-9) into service in November 2023 (see 
No, we’re not talking about transitioning from male to female and female to male, a mental disorder that’s celebrated in popular culture these days. We’re talking about the “other” transitioning — from using fossil fuels to…using nothing, because without fossil fuels, you get nothing when it comes to energy. The left pretends solar and wind energy can power the world, and it’s coming any day now. Except, as we pointed out yesterday, 81.5% of all energy used throughout the world in 2023 came from fossil fuels (see 
For donkey’s years, BP (British Petroleum) published its annual Statistical Review of World Energy — since 1952. Last year BP said it would no longer publish it and instead turn it over to a Big Green advocacy group known as The Energy Institute (EI) to publish (see 
Venture Global’s Calcasieu Pass LNG export facility received FERC authorization to place the final three liquefaction blocks (7-9) into service last fall (see 
If this doesn’t take the cake. Venture Global has been screwing its contracted customers for more than two years by not officially christening its Calcasieu Pass LNG export facility in Louisiana as officially open for business (denying customers cargoes under contracted prices), yet during that time, Venture Global has exported (on the spot market) more than 250 LNG cargoes! It’s a sham, and everybody knows it! Venture Global got the Federal Energy Regulatory Commission (FERC) to extend the “must officially be open by date” for an extra year last year (expired Feb 21st of this year). And now, unbelievably, Venture Global wants FERC to extend it for ANOTHER year!
Venture Global’s Calcasieu Pass LNG export facility recently received Federal Energy Regulatory Committee (FERC) authorization to place the final three liquefaction blocks (7-9) into service (see 
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Looks like the rumors were true. Last December, we told you that oil giant BP (formerly British Petroleum) was considering axing its annual Statistical Review of World Energy publication, which the company has published since 1952. Why stop publishing it? Because being honest about the data was exposing the so-called transition to green energy as the hoax that it is (see 
The mighty BP (formerly British Petroleum) is an oil and natural gas company trying to convert itself into a renewable energy company. We’d say they’re failing, big time. BP has gone screwy. It’s a European company and has bought into the false narrative that fossil energy is on the way out due to concerns over mythical global warming. In BP’s recently published Annual Energy Outlook for 2023 (full copy below), the company predicts (once again) that fossil energy is on the way out, but now it’s happening even faster than before because of (a) Putin’s war on Ukraine, forcing Europe to adopt unreliable renewables even quicker than before, and (b) Biden’s so-called Inflation Reduction Act, pouring billions into the effort to smash fossil energy and elevate electric-everything.
Each year oil and gas supermajor BP (formerly British Petroleum), one of the largest oil companies in the world, publishes an annual Statistical Review of World Energy. We typically bring you a copy with analysis, as we did for the 71st annual edition published in July of this year, covering 2021 (see 
What can we say? Once again, the Democrat Party is trying to demonize fossil fuels and is going after “Big Oil,” proposing insanely high new taxes on a handful of oil companies because, for a single year (2022), they have actually made some money. All money and profits belong to the government in the left’s twisted worldview. A cabal of seven Senators led by Sen. Robert Menendez from New Jersey has launched this latest attack against our industry.