FERC approves the first West Coast LNG Export Facility The Federal Energy Regulatory Commission (FERC) gave its final environmental approval for the Jordan Cove LNG project and the Pacific Connector Gas Pipeline in Oregon, according to a FERC release. The project is the first liquefied natural gas terminal on the West Coast, and will deliver natural gas produced in the
Chinese Fund Buys 9.9% Stake in $27 Billion Russian LNG Project Since the implementation of U.S. sanctions against Russia for its actions in Crimea, one of the major challenges facing the Russian oil and gas industry is gaining access to long-term project financing. Under the current sanctions regime, loans to Russia can be no longer than 30 days if they
Did Cheniere Squeeze through a Closing Door? Carl Icahn has followed up his August purchase of 19.4 million Cheniere Energy (ticker: LNG) shares by purchasing another 3.3 million shares, increasing his stake in the company to about 9.59%. Icahn’s group was awarded two seats on the board upon its purchase last month and has now invested approximately $1.2 billion in
House Majority Leader expected to announce vote today Oil companies have been pushing hard in the last year to see the end of a four-decade-old ban on the export of U.S. crude oil. “The growing supply of American oil is outpacing domestic demand and needs a new outlet,” said Fred Upton (R-MI), Chairman of the Energy & Commerce Committee in
All stock offering would give Woodside growth potential Woodside Petroleum (ticker: WPL), Australia’s largest independent oil and gas company, announced that it has made a non-binding offer for Oil Search Ltd. (ticker: OSH) under which Woodside would acquire all of the shares in Oil Search for a consideration of one Woodside share for every four Oil Search shares, according to
Few investors can move the needle like Warren Buffet, the most successful investor of the 20th century. “The dynamism embedded in our market economy will continue to work its magic. Gains won’t come in a smooth or uninterrupted manner; they never have. And we will regularly grumble about our government. But, most assuredly, America’s best days lie ahead.” Warren Buffet
Pricing shifts in favor of selling natural gas as LNG As natural gas has become increasingly abundant in the United States, selling production as liquefied natural gas (LNG) has become an ever-more attractive alternative to selling gas production domestically. This chart, developed by EnerCom Analytics, shows the premium price for LNG export compared to the price for natural gas at
Stolt LNGaz receives approval from Quebec government for new LNG plant The Quebec government yesterday approved the Stolt LNGaz natural gas liquefaction plant in Becancour, Quebec. The LNG project will produce 500,000 tons of LNG to be distributed to customers in Quebec that are not currently serviced by natural gas pipelines. The Stolt LNGaz project is valued at approximately C$800
LNG: Energy CEOs talk about exporting U.S. shale gas to Europe, Asia “We are changing the way the global natural gas markets are going to function”—Charif Souki, Cheniere Energy CEO The exportation of liquefied natural gas (LNG) and crude oil from the U.S. were hot topics at EnerCom’s The Oil & Gas Conference® 20. Marcellus producer Range Resources is well
Cheniere Energy (ticker: LNG) CEO Charif Souki spoke with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. Cheniere has a number of hydrocarbons export projects underway in various stages of construction in Texas and Louisiana, and it is positioned to be the first U.S. energy exporter to begin production of liquefied
With Q2 in the rearview mirror, presenters in the first few days of Enercom’s The Oil & Gas Conference® 20 were smiling and even optimistic about the future prospects for their companies. Completion formulas and directional drilling successes were discussed at length, as were balance sheets, liquidity, redeterminations, type curves, record well economics, reservoir analysis, CapEx allocation for the balance
Cheniere’s head gives his unique perspective Charif Souki, CEO of Cheniere Energy (ticker: LNG), presented at lunch during EnerCom’s The Oil & Gas Conference® 20 in Denver, Colorado, today. After his speech, conference attendees asked for Souki’s unique insight into global LNG markets. Questions ranged from progress on the construction of the company’s liquefied natural gas (LNG) project at Corpus
