Global companies eye more US investment as Trump touts energy dominance

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Written by Georgina McCartney and the heredes of Somaskar

Houston (Reuters) – Executive officials said this week, the market turmoil from US President Donald Trump’s commercial policies did not prove the interests of foreign investment in the American energy industry, because they praised his promise to cut off regulations and support fossil fuel, “Houston (Reuters) –

Trump made energy domination of his administration, and announced a national energy emergency on the first day of his office and withdrawing the United States from the climate agreement in Paris. He urged energy companies to enhance fossil fuel production and promised to reduce consumer prices.

The oil and gas industry in the United States, which focused on the return of capital to shareholders and shareholders in exploration and investment, welcomed a wide range in Trump’s pro -energy position, although low prices are usually damaged below. Foreign companies have not yet committed to dollars to a new investment in the United States.

Oil prices reached the lowest level in three years in early March. On Monday, raw contracts from Brent global stabilized under $ 70 a barrel, where investors worried that the trade war will slow economic growth.

Foreign energy companies sees the opportunity in wide natural resources in America and Trump’s -supporting energy policies. Their interest follows years of US slow spending, as investors have pushed companies to focus on returns instead of explosive growth.

EDNOC United Arab Emirates said on Tuesday that it aims to make significant investments in the coming months in the United States through the ARM Investment Arm XRG, which includes about $ 80 billion in assets and is considering options for a preliminary general offer.

“Investing in the United States through XRG is not a priority, it is absolutely necessary,” said Sultan Al -Jaber, CEO of ADNOC on Tuesday.

He said that these investments will include the natural gas supply chain. The United Arab Emirates is a member of the organization of oil exporting countries.

Australian oil and gas products also said that it intends to increase its investments in the United States, citing the pro -energy Trump administration policies. It can include more capital towards the Pikka Oil project in Alaska.

Last year, the Australian company Woodside Energy acquired Tellurian, which was carried out by the American company Woodside Energy to make a final investment decision on the LNG export project in Louisiana this year. The company recently acquired a factory for ammonia in Boomont, Texas.

Santos attended a dinner on Sunday evening with US Energy Minister Chris Wright and executives from other major oil and gas companies. Wright promised to accelerate allowing and supporting industry.

While this industry often praised the administration’s efforts to support regulations and develop speed for oil and gas projects, some executives expressed their concerns about rapid political transformations.

“Slaves from one side to another is not the right policy approach,” said Mike and CEO CEO Worth Monday at the conference. Trump last month ended a giving license for Chevron since 2022 to work in Venezuela and export oil.

Stalls

The spending has slowed by the American oil and gas industry in recent years, as the producers have adopted a strategy for capitalist discipline and focusing on the returns of shareholders. Some major oil companies, including SLB and Chevron, have announced this year of job cuts and restructuring.

SLB oil field producer in a profit presentation recently warned that its customers remain careful about spending. On Monday, the CEO of Baker Hughes Lorenzo Simonley Reuters told the company that the company does not expect customers to enhance spending this year, with most production increased from efficiency gains.

The CEO of Conocofils Ryan Lance said on Tuesday that he expects the United States to produce oil at the end of this decade, a look by Vicky Holoub, CEO of Oxidental Petroleum Corp.

On Monday, the US Energy Information Administration (EI) raised its forecast for the year 2025 to produce local oil to 13.61 million barrels per day, an increase of 200,000 barrels per day from last month’s expectations. Its expectations for 2026 300,000 barrels per day from previous expectations were raised to 13.76 million barrels per day.

It also raised the forecasts of natural gas production for this year and the other.

“America will get a tremendous chance in the market, and I say that the opportunity for a global stage to really help bring energy security to the world,” Toby Rice, CEO of EQT Corp, said in an interview on Monday.

(Participated in the coverage, Georgina McCartney and the hereditary of Somasikhar in Houston; written by Les Hampton; edited by David Gregorio)

2025-03-11 22:20:00

1 3 minutes read