Woodside Energy, TotalEnergies, U.S. Crude Oil Inventories: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CRUDE OIL
U.S. Crude Oil Inventories Fall by Most in a Year - U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude oil inventories fell by 11.5 million barrels to 420.9 million barrels in the week ending June 13, the EIA said. Net U.S. crude imports fell by 1.8 million barrels per day (BBL/d) to 1.1 million BBL/d, the EIA said, while exports rose by 1.1 million BBL/d to 4.4 million BBl/d. Gasoline stocks rose by 209,000 barrels in the week to 230 million barrels, the EIA said. Distillate stockpiles rose by 514,000 barrels in the week to 109.4 million barrels. (Reuters)

LNG
Woodside Energy Signs LNG-Supply with Malaysia's Petronas - Australia's Woodside Energy Group (Perth) has entered an agreement with a unit of Malaysian state-owned oil and gas firm Petronas (Kuala Lumpur) to supply liquefied natural gas (LNG) to Malaysia starting 2028, the two companies said on Wednesday. Under the deal, Woodside Energy, Australia's largest independent oil and gas producer, will supply 1 million metric tons per year of LNG to Malaysia for a period of 15 years. The LNG will be sourced from Woodside's global portfolio, including the recently approved Louisiana LNG project in the United States. (Reuters)

TotalEnergies CEO Expects to Restart Mozambique Project This Summer - TotalEnergies SE (Courbevoie, France) expects its $20 billion Mozambique LNG project to resume development "this summer," Chief Executive Patrick Pouyanne said on Wednesday. He was asked about the timing during a session at the Japan Energy Summit in Tokyo. Covered by force majeure since 2021 following insurgent attacks, the project includes development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession and the building of a two-train liquefaction plant. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).