From Reuters An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery. Oil firms shut more than 1 million barrels per day of oil production, 53% of Gulf of Mexico’s output, and 1.2 billion cubic feet
From Bloomberg System could become a hurricane Friday and slam coast Saturday, one-third of Gulf oil output shut as firms evacuate workers A gathering storm in the Gulf of Mexico that’s already flooding New Orleans could grow into a hurricane before slamming into Louisiana this week, drenching the region with as much as a foot of rain. The system, about
By Tyler Losier, Energy Reporter, Oil & Gas 360 Sempra names Brian L. Kelly VP of federal government affairs Sempra Energy (stock ticker: SRE), an energy infrastructure company with an increasingly prevalent foothold in the LNG business, has appointed Brian L. Kelly as its new vice president of federal government affairs. Kelly will be based in Washington D.C. and will
By Tyler Losier, Energy Reporter, Oil & Gas 360 Funds to be used for the company’s Plaquemines LNG export project Venture Global LNG, Inc., headquartered in Arlington, Virginia, has raised $675 million of additional capital from a variety of institutional investors. The funds will primarily go towards financing the company’s forthcoming Plaquemines LNG export project, located approximately 20 miles south
Signs HOA anticipating the negotiation of a 15-year SPA Commonwealth LNG, a subsidiary of Commonwealth Projects, LLC, has signed a heads of agreement (HOA) with commodities trading house Gunvor Singapore Pte Ltd., a subsidiary of Gunvor Group Ltd. The HOA lays the groundwork for the negotiation of a definitive 15-year, 1.5 Mtpa sale and purchase agreement (SPA), supplied by Commonwealth’s
CEOs rank Texas at the top, California at the bottom Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again. In the executive summary of its findings, the magazine quoted a consultant as saying: ” ‘the Chief Executive ranking … reflects what decision-makers are saying. And it’s what
The DOE granted Australia’s Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) authorization for Magnolia LNG LLC to expand its export capacity to 8.8 million tonnes per annum (mtpa) of LNG to countries that have free trade agreements (FTA) with the United States. This approval provides an 0.8 mtpa increase from the DOE’s initial FTA approval orders above the DOE’s initial approval
Project is expected to triple Sasol chemical output capacity in U.S. TechnipFMC (stock ticker: FTI, $FTI) in joint venture with Fluor, has completed its engineering, procurement and construction management (EPCM) services on Sasol’s world-scale petrochemical complex in Westlake, Louisiana. As planned, TechnipFMC/Fluor resources will provide assistance to the Sasol team at the LCCP project site for the remaining activities, working
Commonwealth LNG Files Draft Resource Report 13 with FERC
Competing with Texas for big energy projects is costly From KPLC TV News LAKE CHARLES, LA (KPLC) – Does Louisiana get enough bang for its buck when it gives big industry property tax exemptions? For decades, there’s been debate about whether the trade-off is worth it when Louisiana gives billions of dollars in tax breaks to lure major industry to come
Cheniere ships First LNG from Corpus Christi plant Cheniere Energy, Inc. (stock ticker: LNG) exported the first liquefied natural gas commissioning cargo from its Corpus Christi, Texas liquefaction facility this week. The export is the first from a greenfield liquefaction facility in the lower 48 states. Jack Fusco, Cheniere’s president and CEO pointed out that his company delivered the project
Yesterday Cheniere Energy, Inc. (stock ticker: LNG), in partnership with privately-held Bechtel, produced the first LNG from the Corpus Christi Liquefaction project (CCL Project) in Texas. According to a 3Q 2018 presentation by Cheniere, the CCL Project is the first greenfield LNG export facility in the U.S. Lower-48. There are three trains, with 13.5 mtpa total capacity. Train 1 has
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