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Released November 03, 2025 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
Cheniere Energy Reports Rise in Third-Quarter Profits - Cheniere Energy (Houston, Texas) last week reported a rise in third-quarter 2025 profit, citing strong demand for liquefied natural gas (LNG). Cheniere's LNG revenue jumped to $4.30 billion in the third quarter from $3.55 billion a year earlier. In 2026, Cheniere expects it will export more than 50 million metric tons of LNG for the first time, Chief Executive Officer (CEO) Jack Fusco told an earnings call. (Reuters)
ExxonMobil Seeks to Lift Force Majeure for LNG Project in Mozambique - Exxon Mobil Corporation (Spring, Texas) is looking at lifting force majeure on a US$30 billion LNG project in Mozambique as security conditions in the country improve, CEO Darren Woods told investors on Friday during an earnings call. "Total[Energies] just lifted their force majeure, and we're looking at, and are in the process of, trying to do the same," Woods said, referring to the French energy firm that is developing a related project nearby. ExxonMobil was unable to make a final investment decision on its project, called Rovuma LNG, until TotalEnergies resumes work after it lifted a separate force majeure that first resulted from an Islamist-linked insurgent attack four years ago. ExxonMobil is affected by the TotalEnergies project because they share facilities. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)
POWER
Xcel Increases Capital Spending Plan - Power utility Xcel Energy (Minneapolis, Minnesota) last week boosted its five-year capital-spending plans by $15 billion to $60 billion. Xcel's long-term vision includes the addition of 4.5 gigawatts (GW) of new natural gas capacity as well as 5 GW of energy storage, CEO Bob Frenzel said. (Utility Dive)
LNG
Cheniere Energy Reports Rise in Third-Quarter Profits - Cheniere Energy (Houston, Texas) last week reported a rise in third-quarter 2025 profit, citing strong demand for liquefied natural gas (LNG). Cheniere's LNG revenue jumped to $4.30 billion in the third quarter from $3.55 billion a year earlier. In 2026, Cheniere expects it will export more than 50 million metric tons of LNG for the first time, Chief Executive Officer (CEO) Jack Fusco told an earnings call. (Reuters)
ExxonMobil Seeks to Lift Force Majeure for LNG Project in Mozambique - Exxon Mobil Corporation (Spring, Texas) is looking at lifting force majeure on a US$30 billion LNG project in Mozambique as security conditions in the country improve, CEO Darren Woods told investors on Friday during an earnings call. "Total[Energies] just lifted their force majeure, and we're looking at, and are in the process of, trying to do the same," Woods said, referring to the French energy firm that is developing a related project nearby. ExxonMobil was unable to make a final investment decision on its project, called Rovuma LNG, until TotalEnergies resumes work after it lifted a separate force majeure that first resulted from an Islamist-linked insurgent attack four years ago. ExxonMobil is affected by the TotalEnergies project because they share facilities. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)
POWER
Xcel Increases Capital Spending Plan - Power utility Xcel Energy (Minneapolis, Minnesota) last week boosted its five-year capital-spending plans by $15 billion to $60 billion. Xcel's long-term vision includes the addition of 4.5 gigawatts (GW) of new natural gas capacity as well as 5 GW of energy storage, CEO Bob Frenzel said. (Utility Dive)
