A decade after forecasts of increased construction of LNG import terminals in the US, the nation’s first LNG export cargo departed Sabine Pass, La., this week for Brazil. The event overlapped with a Feb. 24 gathering of leaders from the natural gas sphere at IHS CERAWeek in Houston. Source: News

Light, sweet crude oil prices rose above $33/bbl on the New York market while Brent crude oil prices rose above $35/bbl on the London market on Feb. 25, and the momentum continued in early Feb. 26 trading. Source: News

EOG Resources Inc., Houston, reported planned capital expenditures for 2016 of $2.4-2.6 billion, a 45-50% year-over-year reduction. Source: News

Encana Corp., Calgary, will further cut its planned capital budget for 2016 to $900 million-$1 billion, down 40% from its initial budget for the year and 55% from its 2015 capital investment. Source: News

Domination by state-owned Petroleo Brasileiro SA (Petrobras) of presalt licenses offshore Brazil would cease under legislation approved Feb. 24 by the Brazilian Senate. Source: News

Braskem SA, a subsidiary of Odebrecht SA, will invest 45 million Brazilian real ($11.3 million) to upgrade electrical systems at its basic petrochemical unit 2 (Unib 2) in the Triunfo petrochemical complex in Brazil’s Rio Grande do Sul state. Source: News