The United States has strongly criticised Nord Stream 2, a 11 billion euro ($12.4 billion) project to build a gas pipeline from Russia to Germany, which opponents fear will undermine Ukraine’s gas transit revenues and increase the EU’s reliance on Russian gas.

During a joint news conference with US President Donald Trump today, British Prime Minister Theresa May stressed the importance of the USA-UK special relationship in dealing with Iran, but added that "we [the UK] stand by the nuclear deal".

Owners and operators of US civilian nuclear power reactors purchased a total of 40 million pounds U3O8 equivalent (U3O8e) (15,386 tU) of deliveries during 2018, according to the latest uranium marketing report from the US Energy Information Administration (EIA). Nearly 10% of that was US-origin uranium.

In March 2019, for the 23rd consecutive month, dry natural gas production increased year to year for the month. The preliminary level for dry natural gas production in March 2019 was 2,771 billion cubic feet (Bcf), or 89.4 Bcf/d. This level was 9.2 Bcf/d (11.5%) higher than the March 2018 level of 80.2 Bcf/d.

The transaction, among other things, will give Total control over 2.2 million mt/year of LNG to be produced by the third train at the Freeport LNG export terminal in Texas. The facility is currently preparing to begin production from its first train, after several construction- and weather-related delays hampered the project.

BHGE - U.S. Rig Count is up 1 rig from last week to 984, with oil rigs up 3 to 800, gas rigs down 2 to 184, and miscellaneous rigs unchanged at 0. Canada Rig Count is up 7 rigs from last week to 85, with oil rigs up 6 to 44 and gas rigs up 1 to 41.

U.S. real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the first quarter of 2019 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.2 percent.

Despite the classic “wildcatting” image of plucky entrepreneurs trying their luck, smaller, independent drillers are losing access to capital

Canada is the second-largest importer of energy from the United States, in terms of trade value, behind only Mexico. Energy accounted for $84 billion, or 26%, of the value of all U.S. imports from Canada in 2018.

BHGE - U.S. Rig Count is down 4 rigs from last week to 983, with oil rigs down 5 to 797, gas rigs up 1 to 186, and miscellaneous rigs unchanged at 0. Canada Rig Count is up 15 rigs from last week to 78, with oil rigs up 16 to 38 and gas rigs down 1 to 40.

The German Economy Ministry has taken note of the threat of U.S. sanctions being placed on the Nord Stream 2 gas pipeline project, a spokeswoman said on Wednesday, adding that Berlin rejected sanctions that have extraterritorial effect.

Sempra Energy (NYSE:SRE) and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA). The HOA anticipates the negotiation and finalization of a definitive 20-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for 5 million tonnes per annum (Mtpa) of LNG offtake from Phase 1 of the Port Arthur LNG export project under development.

Real GDP growth is projected to decline to 1.5 percent in 2019, partly reflecting a disappointing first quarter and more subdued global growth.

OPEC+ would take action to offset losses of Iranian supply if market fundamentals justified it. However, no policy changes will be made until the next full OPEC+ meeting in Vienna, in June.

Iran has sent abroad between 250,000 bpd and 500,000 bpd of oil so far in May, according to two industry sources who track the flows. Data from Refinitiv Eikon put crude shipments at about 250,000 bpd and exports of crude and condensate, a light oil, at about 400,000 bpd.